Material Event of Default definition

Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:
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Material Event of Default means an Event of Default under the Senior Facilities Agreement in respect of clauses 26.3 (Breach of other obligations) (but only to the extent that the Senior Agent, acting on the instructions of the Majority Senior Lenders (acting reasonably), determines that the Event of Default has a Material Adverse Effect), 26.6 (Insolvency), 26.7 (Insolvency proceedings), 26.9 (Execution or distress), 26.10 (Similar events), 26.11 (Unlawfulness) or 26.18 (Acceleration Following Financial Ratio Breach) of the Senior Facilities Agreement and/or any equivalent Pari Passu Debt Event of Default and/or any equivalent Senior Secured Notes Event of Default.
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Material Event of Default means an Event of Default that materially adversely affects the health, welfare and/or safety of the tenants of the development that is continuing after the Extraordinary Additional Cure Period has passed.
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Examples of Material Event of Default in a sentence

  • CONTRACTOR shall respond via written notice within thirty (30) days of receipt of the Notice of Event of Material Default that such Material Event of Default has been cured or describe good faith efforts to cure.

  • DCAMM may terminate this Contract for convenience even where there has been no Material Event of Default or Technical Event of Default by giving written notice to CONTRACTOR specifying the effective date of termination.

  • Failure to meet this deadline is a Material Event of Default as defined in this Agreement.

  • For purposes of this Agreement, a breach under this Section 16.3.2 shall be deemed a Material Event of Default.

  • Notwithstanding the foregoing, after the occurrence of and during the continuation of a Material Event of Default, as defined below, no such prior notice shall be required.


More Definitions of Material Event of Default

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).
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Material Event of Default means any Event of Default arising under Sections 8.1(a) or (b), or arising under Section 8.1(d) as a result of the Borrower failing to observe or perform any covenant or agreement contained in Articles VI or VII.
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Material Event of Default shall have the meaning ascribed to such term as set forth in Section 16.3.3.
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Material Event of Default means an Event of Default under Sections 8.01(a), (b), (d)(iv), (g) or (h).
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Material Event of Default means (i) an Event of Default described in clause (i), (iii), (iv), (v) and (vi) of the definition thereof or (ii) an Event of Default described in clause (ii) of the definition thereof if the effect thereof has resulted, or is reasonably likely to result, in a material adverse effect on the value or utility of the Leased Premises or on Landlord’s title in the Leased Premises or in the Basic Rent or Additional Rent, or in any material liability on the part of Landlord, or in the unavailability of any insurance coverage required under this Lease.
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Material Event of Default means any Event of Default described in any of the following Sections: 8.
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Material Event of Default means an Event of Default under any of paragraphs (a), (b) or (e) of Section 1 of Schedule 13 (Events of Default). 23 Project Meria: Senior Facilties Agreement
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