Demand Failure Event definition

Demand Failure Event has the meaning assigned to such term in the Fee Letter.

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Demand Failure Event has the meaning specified in Section 6.16(e).

Demand Failure Event means Borrower’s failure to comply with (i) the terms set forth in a Permanent Securities Notice within five business days from the date of delivery or (ii) the terms of the documentation related to the Permanent Securities Notice including, without limitation, Borrower’s obligation to deliver on or prior to October 26, 2014 certain information required by ▇▇▇▇▇▇▇▇▇ LLC to consummate an offering of the Permanent Securities, including an offering memorandum or offering circular in form and substance reasonably satisfactory to ▇▇▇▇▇▇▇▇▇ LLC as set forth in the Fee Letter.

Examples of Demand Failure Event in a sentence

A Demand Failure Event will not constitute a default or event of default under the Bridge Facility.
The foregoing shall be the Lenders’ sole and exclusive remedy for a Demand Failure Event.
From and after the occurrence of a Demand Failure Event, any such offer to prepay shall be at 101% of the principal amount of the outstanding Bridge Loans or Rollover Loans.
Any prepayment pursuant to this Section 2.05(a) that is made after the date a Demand Failure Event has occurred (regardless of whether such Demand Failure Event is continuing) and prior to October 11, 2024, shall be made at par, plus all accrued interest on the amount prepaid, together with any additional amounts if required pursuant to Section 3.05, plus the Applicable Premium.
Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, but upon and following the occurrence of a Demand Failure Event, notwithstanding anything contained in any Loan Document, each Loan shall be a Total Cap Loan.

More Definitions of Demand Failure Event

Demand Failure Event shall have the meaning assigned to “Opco Demand Failure Event” in the Fee Letter.

Demand Failure Event means that ▇.▇.▇▇▇▇▇▇ Securities LLC and ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated have provided the Administrative Agent with a signed notice stating that a “Demand Failure Event” (as defined in the Fee Letter) has occurred.

Demand Failure Event means a breach by the Borrower of its obligations pursuant to a Securities Demand.

Demand Failure Event. Any failure to comply with the terms of a Securities Demand (as defined in the Fee Letter) for any reason will be deemed to be a “Demand Failure Event” (as defined in the Fee Letter) under the Bridge Facility Documentation.

Demand Failure Event shall have the meaning provided in the Lead Arranger Fee Letter.

Demand Failure Event means that the Arrangers have provided the Administrative Agent with a signed notice stating that a “Demand Failure Event” (as defined in the Fee Letter) has occurred.

Demand Failure Event means a “Demand Failure Event” as defined in the Fee Letter (as in effect on the Effective Date).

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