Common use of Current Defaults Clause in Contracts

Current Defaults. 1. Events of Default arising under section 6.01(1) of the First Lien Indenture from the Issuer’s non-payment of interest due on or about December 31, 2014 and default interest thereon under the First Lien Notes and First Lien Indenture 2. Events of Default arising under section 6.01(5) of the First Lien Indenture from the Issuer’s non-payment of interest due on or about January 1, 2015 and default interest thereon under the Second Lien Notes and Second Lien Indenture

Appears in 2 contracts

Samples: Forbearance Agreement (Blackstone / GSO Capital Solutions Fund LP), Forbearance Agreement (Saratoga Resources Inc /Tx)

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Current Defaults. 1. Events of Default arising under section 6.01(1) of the First Second Lien Indenture from the Issuer’s non-payment of interest due on or about January 1, 2015 and default interest thereon under the Second Lien Notes and Second Lien Indenture 2. Events of Default arising under section 6.01(5) of the Second Lien Indenture from the Issuer’s non-payment of interest due on or about December 31, 2014 and default interest thereon under the First Lien Notes and First Lien Indenture 2. Events of Default arising under section 6.01(5) of the First Lien Indenture from the Issuer’s non-payment of interest due on or about January 1, 2015 and default interest thereon under the Second Lien Notes and Second Lien Indenture

Appears in 1 contract

Samples: Forbearance Agreement (Blackstone / GSO Capital Solutions Fund LP)

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Current Defaults. 1. Events of Default arising under section 6.01(1) of the First Second Lien Indenture from the Issuer’s non-payment of interest due on or about December 31, 2014 and default interest thereon under the First Second Lien Notes and First Second Lien Indenture 2. Events of Default arising under section 6.01(5) of the First Second Lien Indenture from the Issuer’s non-payment of interest due on or about January 1, 2015 and default interest thereon under the Second First Lien Notes and Second First Lien Indenture

Appears in 1 contract

Samples: Forbearance Agreement (Saratoga Resources Inc /Tx)

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