CBC Event of Default definition

CBC Event of Default means any of the events specified as such in Condition 10(b) (CBC Events of Default).
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CBC Event of Default means any one of the circumstances described in Condition 10(b).
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CBC Event of Default means as set forth in Section 29.A.
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Examples of CBC Event of Default in a sentence

  • However, the CBC shall have no such obligation until (i) the occurrence of an Issuer Event of Default, service by the Security Trustee on the Issuer of an Issuer Acceleration Notice and service by the Security Trustee on the CBC of a Notice to Pay or (ii) the occurrence of a CBC Event of Default and the service by the Security Trustee of a CBC Acceleration Notice on the Issuer and the CBC.

  • If a Breach of Asset Cover Test Notice is served, the CBC will not be obliged to make payments under Clause 8 above until (a) an Issuer Acceleration Notice and a Notice to Pay have been served or (b) a CBC Event of Default has occurred and a CBC Acceleration Notice has been served.

  • Prior to the occurrence of a CBC Event of Default, the relevant Transferor shall request a retransfer of a Mortgage Receivable from the CBC if such Transferor becomes entitled to an Other Claim, including a Further Advance such Other Claim or Further Advance, respectively, is secured by the same Mortgage that secures the Mortgage Receivable and such Further Advance or Other Claim, respectively, does not result in an Eligible Receivable which is transferred to the CBC.

  • However, the CBC shall have no such obligation under the Guarantee until (i) the occurrence of an Issuer Event of Default, service by the Trustee on the Issuer of an Issuer Acceleration Notice and service by the Trustee on the CBC of a Notice to Pay or (ii) the occurrence of a CBC Event of Default and the service by the Trustee of a CBC Acceleration Notice on the Issuer and the CBC.

  • If a Notice to Pay is served pursuant to Clause 12.2.2, the CBC will not be obliged to make payments under Clause 6 (Payments under the Guarantee) until (a) an Issuer Event of Default has occurred and an Issuer Acceleration Notice has been served or (b) a CBC Event of Default has occurred and a CBC Acceleration Notice has been served.

  • Prior to the occurrence of a CBC Event of Default or the service of a Notice to Pay, the Issuer may from time to time request a retransfer from the CBC to a Transferor of any Transferred Asset.

  • Upon receipt of each Monthly Investor Report, the Trustee shall verify whether such Monthly Investor Report states that a CBC Event of Default has occurred.

Related to CBC Event of Default