Continued Effectiveness of Certain Default-Triggered Provisions in Financing Agreement Sample Clauses

Continued Effectiveness of Certain Default-Triggered Provisions in Financing Agreement. Each Existing Default shall continue to constitute an actionable Event of Default for the purpose of triggering all limitations, restrictions or prohibitions on certain actions that may not be taken, omitted or otherwise acquiesced to by or on behalf of Credit Parties pursuant to the Financing Agreement or any other Transaction Document during the continuance of a Default or an Event of Default, and any actions or inactions taken or omitted or otherwise acquiesced to by or on behalf of the Credit Parties in violation of such provisions while any Existing Default exists will constitute additional Defaults or Events of Default as applicable under the Financing Agreement and the other Transaction Documents and, if an Event of Default under the Financing Agreement, a Forbearance Default under this Agreement.
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