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.
If a First Lien Claimholder (a Defaulting Creditor) breaches its obligation to sell its Purchase Obligations under this section 5, no other First Lien Claimholder will be obligated to purchase the Defaulting Creditor’s Purchase Obligations for resale to the holders of Second Lien Obligations.
Several action items were identified during the kickoff meeting, which include contacting additional cities/ agencies to participate in the group, creating information dissemination methods for the group, and identifying high priority issues/topics for the group to address.
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 Report of the Intercreditor Agreement Task Force 855in this subsection (c) will require the Purchasing Creditors to purchase less than all of the Purchase Obligations.
The accessibility of the tournament location will also be considered and assessed on a tournament-by-tournament basis.

More Definitions of Defaulting Creditor

Defaulting Creditor has the meaning set forth in Section 5.6(c).

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

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

Defaulting Creditor has the meaning set forth in Section 8.6(c) hereof. US-DOCS\79710835.5 Senior Junior Intercreditor Agreement

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

Defaulting Creditor means any Creditor:

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.