Guarantor Event of Default definition

Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

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Guarantor Event of Default has the meaning given to it in Condition 7.02 (Guarantor Events of Default);

Guarantor Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee Agreement; provided, however, that, except with respect to a payment default, the Guarantor shall have received notice of default and shall not have cured such default within 90 days after receipt of such notice.

Examples of Guarantor Event of Default in a sentence

For so long as there is no Guarantor Event of Default, the duties and obligations of the Trustee will be determined solely by the express provisions of the Trust Documents.
Except when a Guarantor Event of Default has occurred and is continuing, the Guarantor may remove a successor Trustee for any reason or no reason, solely pursuant to the Trust Documents, and appoint another successor Trustee by written instrument within 90 days after the date notice is given to such predecessor Trustee of its removal.
No Holder will have any right by virtue of any provision of the Trust Documents to institute any suit, action or proceeding in equity or at law unless a Guarantor Event of Default has occurred and is continuing.
Upon receiving such notice of resignation, the Guarantor (or if a Guarantor Event of Default has occurred and is continuing, the Issuer) will promptly appoint one or more successor Trustees by written instrument, one copy of which is delivered to the resigning Trustee and one copy of which is delivered to the successor Trustee.
Upon the resignation or removal of the Master Servicer and unless otherwise directed by the Guarantor (except if a Guarantor Event of Default has occurred and is continuing), the Trustee will solicit at least three bids from qualified housing and home finance institutions, banks or mortgage servicing institutions that satisfy the requirements of Subsection 11.2(3) (which may include the Trustee or any of its affiliates).

Guarantor Event of Default has the meaning set forth in Section 6.1.

Guarantor Event of Default means the occurrence of any of the following specified events:

Guarantor Event of Default has the meaning specified in Section 12.

Guarantor Event of Default means an Event of Default under and as -------------------------- defined in Section 15 hereof. ----------

Guarantor Event of Default has the meaning set forth in Section 12 of the Guaranty.

Guarantor Event of Default is defined in Article V hereof.

Guarantor Event of Default means the occurrence and continuance of any "Event of Default" as defined in the Guaranty Agreement.