prospective Event of Default definition

prospective Event of Default means any event which with the giving of notice and/or the passage of time and/or the fulfillment of any other condition would be an Event of Default.
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prospective Event of Default means any event or circumstance which with the giving of notice and/or the passage of time and/or the making of any relevant determination and/or the forming of any necessary opinion would be an Event of Default;
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prospective Event of Default means any event or condition that, with the giving of notice or lapse of time, or both, would constitute an Event of Default.
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Examples of prospective Event of Default in a sentence

  • No event of default or prospective Event of Default shall have occurred.

  • No Default has occurred and is continuing and no Event of Default has occurred or resulted from the consummation of the transactions contemplated by this Agreement and the Company hereby acknowledges and agrees that it is not aware of any prospective Event of Default.

  • Except for the Existing Events of Default, no other Default or Event of Default has occurred and is continuing or resulted from the consummation of the transactions contemplated by this Agreement and the Company hereby acknowledges and agrees that as of the date hereof, it is not aware of any prospective Event of Default other than the Existing Events of Default.

  • Borrower is not in default under any agreement or obligation applicable to it or its assets or revenues, the consequences of which default could materially and adversely affect its business or financial condition or its ability to perform its obligations under this Agreement and no Event of Default or prospective Event of Default has occurred.

  • Borrower shall not make any dividend payment or other distribution of assets, properties, cash, rights, obligations or securities on account of any shares of any class of its capital stock, or purchase, redeem or otherwise acquire for value any shares of its capital stock or any warrants, rights or options to acquire such shares, now or hereafter outstanding, if such payment would cause an Event of Default or a prospective Event of Default to occur.

  • There has been no Event of Default or prospective Event of Default which has occurred or is continuing.

  • As soon as possible but in any event within seven (7) days after occurrence, Borrower shall give written notice to Agent of any Event of Default or prospective Event of Default, or any litigation, administrative proceeding or arbitration referred to in Section 11.12, and of any other matter which has resulted or might result in a material adverse change in Borrower's operations or financial condition or affect Borrower's ability to pay, when due, any amounts due under this Agreement.

  • Except for the Existing Events of Default, no other Default or Event of Default has occurred and is continuing and the Company hereby acknowledges and agrees that as of the date hereof, it is not aware of any prospective Event of Default other than the Existing Events of Default.

  • The Borrower shall be entitled to make payments of principal and interest under and in accordance with the terms of the AES Loan Agreement, the Anhui Liyuan Loan Agreement, the Wuhu Loan Agreement and the arrangements relating to the other Subordinated Indebtedness made pursuant to Clause 2.01(c) as envisaged in clause 14 of the Loan Agreement provided that at the relevant time no Event of Default or prospective Event of Default has occurred and is continuing.

  • Each Loan Party represents and warrants that as of the date hereof, it is not aware of (a) any existing Event of Default other than the Specified Default, and (b) any prospective Event of Default other than the continuance of the Specified Default.


More Definitions of prospective Event of Default

prospective Event of Default means any event with which the giving of notice and/or the passage of time and/or the fulfilment of any other condition would be an Event of Default;
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prospective Event of Default means any event or condition that, with the giving of notice (whether or not notice is actually given), lapse of time, fulfillment or non‐fulfillment of any condition or any combination of the above, would be reasonably likely to become an Event of Default.
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prospective Event of Default means any event or circumstance which with the giving of notice and/or the passage of time and/or the making of any relevant determination and/or the forming of any necessary opinion would be an Event of Default; Investor; Purchase Date;
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Related to prospective Event of Default

  • 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.

  • Specified Event of Default means any Event of Default under Section 8.01(a), Section 8.01(f) or Section 8.01(g).

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.