GranCare Event of Default definition
GranCare Event of Default means an "Event of Default" under and ------------------------- as defined in any GranCare Document.
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).
Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.
Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.
Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).
Event of Default has the meaning specified in Section 8.01.