Certain Funds Default definition

Certain Funds Default means an Event of Default arising from any of the following:

Certain Funds Default means an Event of Default arising from any of the following (other than in respect of any Subsidiary of the Borrower, the Target or any Subsidiary of the Target, or a breach of a procurement obligation with respect to any Subsidiary of the Borrower, the Target or any Subsidiary of the Target):

Certain Funds Default means during the Availability Period of a Default arising under or in connection with one of the following Clauses:

Examples of Certain Funds Default in a sentence

• If any Default described in ‎Section 7.05 or ‎7.06 (but prior to the expiration of the Certain Funds Period, solely with respect to a Certain Funds Default) occurs, the obligations of the Lenders to make Loans hereunder shall automatically terminate and the Obligations of the Borrower shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender.

• If any Default described in Section 7.05 or 7.06 (but prior to the expiration of the Certain Funds Period, solely with respect to a Certain Funds Default) occurs, the obligations of the Lenders to make Loans hereunder shall automatically terminate and the Obligations of the Borrower shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender.

• Where a Certain Funds Default exists during the Certain Funds Period and at any other time during the existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the outstanding Eurocurrency Rate Loans be converted immediately to Base Rate Loans.

• The Lenders agree that (without prejudice to Clause 26.19 (Certain Funds Period)) in relation to the Utilisation under Facility A1 and Facility A2 requested to be made during the Certain Funds Period, Clause 4.2 (Further Conditions Precedent) shall only apply if a Certain Funds Default has occurred which is continuing or, in relation to paragraph (b) of Schedule 12 (Certain Funds Default), the relevant parties are in negotiations within the meaning of such paragraph (b).

• No Certain Funds Default is continuing or would result from the proposed Borrowing and all the Certain Funds Representations are true or, if a Certain Funds Representation does not already include a materiality concept, true in all material respects.

More Definitions of Certain Funds Default

Certain Funds Default means any continuing Event of Default arising under Sections 8.01(a), 8.01(b) (only in relation to a breach of a Certain Funds Covenant), 8.01(c) (only in relation to a breach of a Certain Funds Covenant), 8.01(d) (only in relation to a breach of a Certain Funds Representation), 8.01(f), 8.01(g), 8.01(j) and 8.01(k), in each case relating solely to the Borrower.

Certain Funds Default means, in each case, other than to the extent that such Event of Default relates to, or is made in relation to, circumstances affecting any member of the Target Group, an Event of Default under paragraph (a), (b) (solely to the extent that it relates to a Certain Funds Representation), (c) (solely to the extent that it relates to a Certain Funds Undertaking), (e), (f), (j) (to the extent relating to Subsidiary Guarantors representing more than 25% of Consolidated EBITDA) or (m) (solely to the extent it relates to Company) of Section 10.1.

Certain Funds Default means a Default described in Section 7.01 (but only to the extent arising from a Certain Funds Representation); Section 7.02 (but only with respect to a Default in the payment of principal or interest) if such Default shall remain unremedied for five (5) Business Days after the occurrence thereof; Section 7.03 (but only to the extent arising from a Certain Funds Covenant) if such Default is continuing on the Closing Date or on any subsequent Borrowing Date; Section 7.05 (but solely as it relates to the Borrower), Section 7.06 (but solely as it relates to the Borrower) or Section 7.11(ii).

Certain Funds Default means an Event of Default arising from any of the following (other than in respect of Shire and its Subsidiaries (the “Shire Group”)):

Certain Funds Default means, in each case, an Event of Default arising under sub-paragraph (i) to (vii) below but only to the extent that such Event of Default relates to, or is made in relation to, Holdings, the Borrower, Xxxxx Plastics or Acquisition SPV (and not in respect of any member of the Target Group or any subsidiary of Holdings (other than the Borrower, Xxxxx Plastics or Acquisition SPV) and excluding any procurement obligation on the part of Holdings, the Borrower, Xxxxx Plastics or Acquisition SPV in respect of any member of the Target Group or any subsidiary of Holdings (other than the Borrower, Xxxxx Plastics or Acquisition SPV)

Certain Funds Default means any Event of Default, in each case relating to the Borrower and Bidco only (and, for the avoidance of doubt excluding any other Group Member, Target and its Subsidiaries), arising under clauses (a) and (f) of Section 8 of the Credit Agreement.

Certain Funds Default means, in each case, other than to the extent that such Event of Default relates to, or is made in relation to, circumstances affecting any member of the Target Group, an Event of Default under paragraph (a) (solely to the extent that it relates to a Certain Funds Term Loan), (b) (solely to the extent that it relates to a Certain Funds Representation), (c) (solely to the extent that it relates to a Certain Funds Undertaking), (e), (f), (j) (to the extent relating to Subsidiary Guarantors representing more than 25% of Consolidated EBITDA) or (m) (solely to the extent it relates to Company) of Section 10.1.