Underlying Event of Default definition

Underlying Event of Default. Means "Event of Default" as defined in the Underlying Agreement.
View Source
Underlying Event of Default. “Event of Default” as defined in each Underlying Agreement.
View Source
Underlying Event of Default. An event of default under an Underlying Agreement.
View Source

Examples of Underlying Event of Default in a sentence

  • If the Trustee shall gain actual knowledge of any Underlying Event of Default, the Trustee shall promptly notify the Certificateholders and the Depositor of such occurrence and such parties shall proceed in accordance with the terms and conditions of Section 3.1.

  • If First Party Proposal to rectify is forwarded to the Corporation within the period stipulated thereof, First Party shall have further period of thirty (30) days to remedy / cure the Underlying Event of Default.

  • If the Trustee shall gain actual knowledge of any Underlying Event of Default, the Trustee shall promptly notify the Certificateholders and the Depositor of such occurrence and such parties shall proceed in accordance with the terms and conditions of Section 3.01.

  • If the Trustee shall gain actual knowledge of any Underlying Event of Default, the Trustee shall promptly notify the Certificateholders and the Seller of such occurrence and such parties shall proceed in accordance with the terms and conditions of Section 3.01.

  • If the Trustee shall gain actual knowledge of any Underlying Event of Default, the Trustee shall promptly notify the applicable Certificateholders and the Seller of such occurrence and such parties shall proceed in accordance with the terms and conditions of Section 3.01.

  • If a responsible officer of the Trustee shall gain actual knowledge of any Underlying Event of Default, the Trustee shall promptly notify the applicable Certificateholders and the Seller of such occurrence and such parties shall proceed in accordance with the terms and conditions of Section 3.01.

  • If an Underlying Event of Default occurs under the related Pooling and Servicing Agreement, the Trustee, in its capacity as an Underlying Certificateholder, may take such action in connection with the enforcement of any rights and remedies available to it in such capacity with respect thereto and only in accordance with the written directions of Holders of Certificates entitled to at least 51% of the Voting Rights.


More Definitions of Underlying Event of Default

Underlying Event of Default. Means an “Event of Default” as defined in the Underlying Indenture.
View Source
Underlying Event of Default means each 'Event of Default' under and as defined in the Underlying Finance Documents;
View Source
Underlying Event of Default means an event of the nature described in Condition 18(a)(iv) to (x) as if for such purposes references therein were to the issuer of any class of Equity Share Capital comprised in the Exchange Property and any of its subsidiaries.
View Source
Underlying Event of Default. The occurrence or continuance of any event of default under a Pooling and Servicing Agreement by any party responsible thereunder for servicing or for administration of the underlying trust fund, or for calculations and distributions of amounts payable to Underlying Certificateholders.
View Source

Related to Underlying Event of Default

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

  • 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).

  • 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)).

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

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.