Amendment to Listing of Events of Default Provision Sample Clauses

Amendment to Listing of Events of Default Provision. Section 8.1 of the U.S. Credit Agreement shall be amended by restating subsections (n) and (q) thereof in their entirety to read as follows: “(n) a “Default” or “Event of Default” under, and as each such term is defined in, each material Existing Subordinate Note Document, including, without limitation, the Existing Subordinate Note Indenture and the Existing Convertible Note Indenture, each material Permitted Senior Notes Document, each material Permitted 2009 Senior Notes Document and each material Second-Lien Loan Document, shall occur and be continuing;”
Sample 1
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Amendment to Listing of Events of Default Provision. Section 8.1 of the Canadian Credit Agreement shall be amended by restating subsections (n) and (q) thereof in their entirety to read as follows: “(n) a “Default” or “Event of Default” under, and as each such term is defined in, each material Existing Subordinate Note Document, including, without limitation, the Existing Subordinate Note Indenture and the Existing Convertible Note Indenture, each material Permitted Senior Notes Document, each material Permitted 2009 Senior Notes Document and each material Second-Lien Loan Document, shall occur and be continuing;”
Sample 1

Related to Amendment to Listing of Events of Default Provision

  • Listing of Events of Default Each of the following events or occurrences described in this Section 8.1 shall constitute an "Event of Default".

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • Limitation on Events of Default Notwithstanding the terms of Sections 5 and 6 of the ISDA Form Master Agreement, if at any time and so long as the Counterparty has satisfied in full all its payment obligations under Section 2(a)(i) of the ISDA Form Master Agreement and has at the time no future payment obligations, whether absolute or contingent, under such Section, then unless BSFP is required pursuant to appropriate proceedings to return to the Counterparty or otherwise returns to the Counterparty upon demand of the Counterparty any portion of any such payment, (a) the occurrence of an event described in Section 5(a) of the ISDA Form Master Agreement with respect to the Counterparty shall not constitute an Event of Default or Potential Event of Default with respect to the Counterparty as Defaulting Party and (b) BSFP shall be entitled to designate an Early Termination Date pursuant to Section 6 of the ISDA Form Master Agreement only as a result of the occurrence of a Termination Event set forth in either Section 5(b)(i) or 5(b)(ii) of the ISDA Form Master Agreement with respect to BSFP as the Affected Party, or Section 5(b)(iii) of the ISDA Form Master Agreement with respect to BSFP as the Burdened Party.

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • Events of Default; Waiver The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

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