Defaulting Creditor definition

Defaulting Creditor has the meaning set forth in Section 8.6(c) hereof.

Defaulting Creditor as defined in Section 5.6(c).

Defaulting Creditor has the meaning provided in Section 5.7(d) of this Agreement.

Examples of Defaulting Creditor in a sentence

• A Senior Lien Secured Party that complies with this Article 8 will not be in default of this Agreement or otherwise be deemed liable for any action or inaction of any Defaulting Creditor; provided that nothing in this paragraph will affect the Purchasing Creditors’ obligation to purchase all of the Purchase Obligations.

• The Company shall not sell or approve the solicitation of purchases of Notes in excess of the amount which shall be authorized by the Company from time to time or in excess of the aggregate initial offering price of Notes registered pursuant to the Registration Statement.

• A First Lien Secured Party that complies with this Article 8 will not be in default of this Agreement or otherwise be deemed liable for any action or inaction of any Defaulting Creditor, provided that nothing in this paragraph will affect the Purchasing Creditors’ obligation to purchase all of the Purchase Obligations.

• A First Lien Claimholder that complies with this section 5 will not be in default of this Agreement or otherwise be deemed liable for any action or inaction of any Defaulting Creditor; provided that nothing in this subsection (c) will require the Purchasing Creditors to purchase less than all of the Purchase Obligations.

• A Credit Facility Secured Party that complies with this Article IX will not be in default of this Intercreditor Agreement or otherwise be deemed liable for any action or inaction of any Defaulting Creditor, provided that nothing in this subsection (c) will require the Purchasing Creditors to purchase less than all of the First Priority Claims.

More Definitions of Defaulting Creditor

Defaulting Creditor shall have the meaning set forth in Section 6(b)(i).

Defaulting Creditor has the meaning assigned to such term in Section 5.16(c).

Defaulting Creditor means, at any time before the Disbursement: (i) Any Creditor defaulting its obligation to disburse its Commitments under this Agreement upon verifying compliance with the conditions precedent for the Disbursement to the Creditors’ satisfaction; or (ii) Any Creditor that has notified the Management Agent or stated publicly in writing that it will not comply without justification its obligation to make the Disbursement under this Agreement; or (iii) Any Creditor under an bankruptcy proceeding related to its insolvency, reorganization, or restructuring or intervened for administration or liquidation purposes by a Governmental Authority. To the extent that the Management Agent becomes aware of the above, it shall promptly notify it in writing to the other Parties to this Agreement.

Defaulting Creditor means any Creditor:

Defaulting Creditor has the meaning set forth in Section 25(vii).

Defaulting Creditor shall have the meaning given to such term in Section 11.06.

Defaulting Creditor means a Defaulting Senior Lender or Defaulting Stream Purchaser (as the case may be).