Underlying Securities Event of Default definition

Underlying Securities Event of Default means any "Event of Default" under the Underlying Securities Indenture.
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Underlying Securities Event of Default means the occurrence of an event of default under the Underlying Securities Indenture, and the failure of the Underlying Securities Issuer to pay the Whole Amount Due after demand by the Trustee made pursuant to Section 7.16(a) or otherwise to cure such default in accordance with the provisions of the Underlying Securities Indenture.
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Underlying Securities Event of Default. An event of default under the indenture or other similar document pursuant to which the Underlying Securities were issued.
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Examples of Underlying Securities Event of Default in a sentence

  • As promptly as practicable after, and in any event within 30 days after, the occurrence of any Swap Agreement Termination Event or Underlying Securities Event of Default actually known to the Trustee, the Trustee shall give notice of such Swap Agreement Termination Event or Underlying Securities Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates.

  • Subject to Section 7.15 and, in the case of an Underlying Securities Event of Default that has occurred and is continuing, Section 7.16, the Trustee shall not agree to any amendment, modification or supplement to the Underlying Securities.

  • After the Closing Date, and subject to Sections 5.2 and 5.3 below, the Trust shall not purchase or otherwise acquire any assets except as provided by Section 2.14, or, subject to Section 7.15 and, in the case of an Underlying Securities Event of Default, Section 7.16, agree to any modification of the terms of the Underlying Securities.

  • If any Underlying Securities Event of Default (other than of the type described in clauses (i) and (ii) above) occurs and is continuing, then, subject to Section 7.1(f), the Trustee may proceed against the Underlying Securities Issuer on behalf of the Certificateholders.

  • As promptly as practicable after, and in any event within 30 days after, the occurrence of any Swap Agreement Termination Event or Underlying Securities Event of Default actually known to the Trustee, the Trustee shall give notice of such Swap Agreement Termination Event or Underlying Securities Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agent.

  • Trustee's Enforcement and Voting of Underlying Securities Upon an Underlying Securities Event of Default............................................................

  • Trustee's Enforcement and Voting of Underlying Securities Upon an Underlying Securities Event of Default.......................................................

  • Voting of the Underlying Securities Other than in the Case of an Underlying Securities Event of Default.......................................................................

  • Voting of the Underlying Securities Other than in the Case of an Underlying Securities Event of Default.............


More Definitions of Underlying Securities Event of Default

Underlying Securities Event of Default means any "Event of Default" under the Underlying Securities Trust Agreement.
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Related to Underlying Securities 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).

  • Issuer Event of Default means the occurrence of any of the following events:

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

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.