Defaulting Investor means any Investor that has (a) failed to make a payment required to be made by it under the terms of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder, (b) notified the Administrative Agent in writing that it does not intend to make any payment required to be made by it under the terms of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder or (c) become the subject of an Event of Bankruptcy.
Defaulting Investor is defined in the definition of “Exclusion Event” herein.
Defaulting Investor shall have the meaning set forth in Section 5.5(b).
Examples of Defaulting Investor in a sentence
The Loan Parties shall promptly notify the Administrative Agent in writing upon becoming aware that any Investor has violated or breached any material term of the applicable Subscription Agreement or has become a Defaulting Investor.
More Definitions of Defaulting Investor
Defaulting Investor is any Investor that has not funded any portion of a Capital Call made by the applicable Borrower when due in accordance with such Capital Call and has not cured such failure in accordance with the applicable Subscription Agreement, unless Administrative Agent elects in writing, in its sole discretion, to waive any such failure.
Defaulting Investor is defined in Section 2.01(c) hereof.
Defaulting Investor has the meaning given in Clause 7.3;
Defaulting Investor has the meaning assigned to it in Section 8.15 hereof.
Defaulting Investor is any Investor:
Defaulting Investor has the meaning specified in Section 2.3(a).
Defaulting Investor means any Investor that has (a) failed to make a payment required to be made by it under the terms of this Agreement within two (2) Business Days of the day such payment is required to be made by such Investor thereunder, (b) notified the Administrative Agent in writing that it does not intend to make any payment required to be made by it under the terms of this Agreement within two (2) Business Days of the day such payment is required to be made by such Investor thereunder or (c) become the subject of an Event of Bankruptcy or a Bail-In Action.