Event of Default and Acceleration definition

Event of Default and Acceleration has the meaning specified in Section 5.1.
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Event of Default and Acceleration as used in this Indenture with respect to Securities of any series shall mean one of the following described events (whatever the reason for such Event of Default and Acceleration and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
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Examples of Event of Default and Acceleration in a sentence

  • When the Trustee incurs any expenses or renders any services after the occurrence of an Event of Default and Acceleration specified in Section 5.1(b) or Section 5.1(c), such expenses and the compensation for such services are intended to constitute expenses of administration under the United States Bankruptcy Code (Title 11 of the United States Code) or any similar federal or state law for the relief of debtors.

  • Whenever any default hereunder shall have been waived as permitted by this Section 5.6, said default shall for all purposes of the Securities of such series and this Indenture cease to exist, and any Default or Event of Default and Acceleration arising therefrom shall be deemed to have been cured and to be not continuing.

  • In case an Event of Default and Acceleration, as defined in the Indenture, shall have occurred and be continuing, the principal of all of the Securities may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture.

  • The Company may pay Deferred Interest with cash from any source (i) upon and following the Tenth Deferral Anniversary, (ii) upon the Maturity of the Securities, (iii) during the occurrence and continuation of a Supervisory Event, (iv) if the Company has previously sold shares of its common stock up to the Share Cap Amount and the Company has not increased the Share Cap Amount or (v) if an Event of Default and Acceleration shall have occurred and be continuing.

  • Whenever any Default hereunder shall have been waived as permitted by this Section 5.6, said Default shall for all purposes of the Securities of such series and this Indenture cease to exist, and any Default or Event of Default and Acceleration arising therefrom shall be deemed to have been cured and to be not continuing.

  • In case an Event of Default and Acceleration shall have occurred and be continuing, the principal of all of the Securities may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture.

  • Upon maturity of any of the Indebtedness or at any time after an Event of Default and Acceleration (except as provided hereinbelow), the Mortgagee will have all rights and remedies provided at law or in equity or under this Mortgage, including the right to accelerate the maturity of the Indebtedness and the right to foreclose the lien of this Mortgage.

  • The Debtor consents, with respect to the Receivables or any General Intangibles, upon the occurrence of any Event of Default and Acceleration or Termination, to all extensions or postponements of time of payment thereof or any other indulgences in connection therewith, to the acceptance of partial payments thereon and to the settlement, compromise and adjustment thereof, all in such manner and at such time or times as the Administrative Agent deems advisable.

  • If an Extended Interest Payment Period continues beyond its Fifth Deferral Anniversary, the Company may not pay Deferred Interest on the Securities on any date in an amount that exceeds the New Equity Amount for such date; provided, however, that upon and following the Tenth Deferral Anniversary, upon the Maturity of the Securities, or if an Event of Default and Acceleration shall have occurred and be continuing, the provisions of this Section 13.4 shall not apply.

Related to Event of Default and Acceleration

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Event of Default has the meaning specified in Section 8.01.