Designated Events of Default. 1. Any Default or Event of Default under clause (d) of Article VII of the Credit Agreement, solely with respect to any failure to comply with Section 5.02(a) of the Credit Agreement in relation to PREPA’s obligation to give notice within 10 days of (a) the change in PREPA’s Senior Debt rating by Moody’s or S&P’s (an Adjustment Event) and (b) a Default due to such change in Senior Debt rating resulting in the counterparties under certain interest rate swap agreements or the Scotiabank Lenders under the Scotiabank Facility, each constituting Material Indebtedness under the Credit Agreement, having the right to cause the corresponding Indebtedness to become due prior to their respective scheduled maturities under the Credit Agreement.
Designated Events of Default. All references in this Schedule 1 to particular sections of the Credit Agreement are to the Credit Agreement as in effect immediately prior to the Ninth Amendment Effective Date.
Designated Events of Default. Company hereby acknowledges that, as of the date hereof, each of the following material Events of Default has occurred and is continuing:
Designated Events of Default. (a) The Event of Default that has occurred under Section 8.2(a)(iii) of the Credit Agreement arising from the failure by Borrowers to maintain a Fixed Charge Coverage Ratio, calculated for the 12 month period ending on June 30, 2023, of at least 1.00 to 1.00 during a Covenant Testing Period.
Designated Events of Default. 1. an Event of Default under Section 8.2(a) of the Credit Agreement which may have occurred as a result of Parent’s failure to comply with the requirements of Section 5.11(a) of the Credit Agreement in connection with the formation of Skechers RB and the Skechers/HF JV Entity
Designated Events of Default. 1. An Event of Default under Section 6.01(b) of the CIT Credit Agreement and Section 14 of the TMR Security Agreement occasioned by the failure to include the Debt under the Working Capital Loan Documents on Schedule 5.02(b) to the CIT Credit Agreement, which was represented to be a complete and accurate list of all Debt outstanding as of the date thereof.
