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INDEX DU DOSSIER EUROTUNNEL

Enforcement Event

L’article 20 définit un Enforcement Event comme un Event of Default qui aux fins de cette clause ne fait pas l’objet d’un waiver par les Majority Senior Lender et les Majority Co-financiers.

Constitue par ailleurs un Enforcement Event  les cas reproduits ci-après

         i.            The Concession Agreement is terminated or notice is given to the Lenders (as defined in the Concession Agreement ) pursuant to Clause 37.3 of the Concession Agreement

       ii.            A senior Event of Default occurs under Clause 16.2.5 (save as a result of any failure to pay Junior Financing costs of Junior Financing Principal or as a result of the continuation of a Standstill Period, in each case other than Fourth Tranche Financing Costs and Fourth Tranche Principal), Clause 16.2.8 (Dissolution), Clause 16.2.9 (Analogous Event) in respect of an event having an analogous or equivalent effect to Clause 16.2.5 (save as a result of any failure to pay Junior Financing Costs or Junior Financing Principal as they fall due or otherwise as aforesaid, other than Fourth Tranche Financing Costs and Fourth Tranche Principal) or 16.2.8 Clause 16.2.10 (nationalisation ) in each case of the Senior Credit Agreement

      iii.            An SCA  Event of Default occurs under Clause 29.2.5 (save as a result of any failure to pay Junior Financing costs of Junior Financing Principal or as a result of the continuation of a Standstill Period, in each case other than Fourth Tranche Financing Costs and Fourth Tranche Principal), Clause 29.2.8 (Dissolution), Clause 29.2.9 (Analogous Event) in respect of an event having an analogous or equivalent effect to Clause 29.2.5 (save as a result of any failure to pay Junior Financing Costs or Junior Financing Principal as they fall due or otherwise as aforesaid, other than Fourth Tranche Financing Costs and Fourth Tranche Principal) or 29.2.8 Clause 29.2.10 (nationalisation ) in each case of the  Credit Agreement

     iv.            Any Senior Financing Costs, Fourth Tranche Financing Costs, Scheduled Senior Financing Principal or Scheduled Fourth Tranche Principal which have fallen due and payable are not paid within 5 Business Days of receipt by the Borrowers of a demand for payment from the Senior Facility Representative or, in the case of the Fourth Tranche, EIB or ECSC.

Les références sont au Senior Credit Agreement pour le paragraphie (ii) et au Credit Agreement pour le paragraphe (iii).

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