Borrower Event of Default definition

Borrower Event of Default has the meaning set forth in Section 6.3.
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Borrower Event of Default means, with respect to any Securities Borrowing Agreement, the occurrence of an Event of Default (as defined therein) or Default (as defined therein) entitling Lender to terminate Loans thereunder.
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Borrower Event of Default has the meaning assigned to that term in Section 7.2.
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Examples of Borrower Event of Default in a sentence

  • In addition, from time to time, but not more often than twice each year (and upon the occurrence and during the continuation of a Borrower Event of Default as often as Lender in its sole discretion deems necessary in order to monitor the business activities of Borrower), representatives of Lender shall have the right to conduct an audit of the books and records of Borrower.

  • Upon the occurrence and during the continuation of a Borrower Event of Default, all Contract Proceeds pertaining to Facility Contracts and/or Facility Equipment shall be applied by Lender in such manner as Lender shall determine.

  • Such requirement is not waived with respect to any other Borrower Event of Default or Disbursement Project Event of Default.

  • Administrative Agent shall be authorized without necessity of further authorization from such Borrower to permanently register any and all Mortgages in favor of the Banks at any time after the occurrence and during the continuance of a Guarantor Event of Default or a Borrower Event of Default with respect to such Borrower.

  • Manager shall, in its sole judgment and discretion, determine whether there has been a Borrower Event of Default and exercise on behalf of Lender (and Manager, if applicable) its or their remedies against an Approved Borrower upon the occurrence of a Borrower Event of Default.


More Definitions of Borrower Event of Default

Borrower Event of Default has the meaning provided in Section 21(a) (Events of Default).
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Borrower Event of Default an “Event of Default” as defined in the Indenture.
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Borrower Event of Default. , "Unmatured Guarantor Event of Default" or "Unmatured Borrower Event of Default" (as such terms are defined in the Bridge Agreement) exists under the Bridge Agreement.
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Borrower Event of Default means an Event of Default with respect to a Borrower (A) of any of the types described in paragraphs (f), (h), (i), (j), (k) or (l) of Section 8.1, (B) arising from such Borrower’s failure to comply with any of the covenants set forth in Sections 6.3, 6.6 and 7.3, or (C) arising from such Borrower’s failure to maintain the status, registration and qualifications of such Borrower and its Related Funds under the ICA and the Code in accordance with Section 6.9. “Borrower Default” shall mean any event giving rise to a Borrower Event of Default, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied.
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Borrower Event of Default means an Event of Default under Section 6.1.
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Borrower Event of Default means the failure of Borrower to (i) pay when due any monetary obligations required to be paid to Lender hereunder or (ii) perform, comply with or observe any agreement, covenant or obligation under Section 3.
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Borrower Event of Default means any Event of Default other than an Event of Default specified in Section 6.1(k) or 6.1(l).
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