Demand Failure Event definition

Demand Failure Event has the meaning assigned to such term in the Fee Letter.

Demand Failure Event has the meaning specified in Section 6.16(e).

Demand Failure Event means Borrower’s failure to comply with (i) the terms set forth in a Permanent Securities Notice within five business days from the date of delivery or (ii) the terms of the documentation related to the Permanent Securities Notice including, without limitation, Borrower’s obligation to deliver on or prior to October 26, 2014 certain information required by Xxxxxxxxx LLC to consummate an offering of the Permanent Securities, including an offering memorandum or offering circular in form and substance reasonably satisfactory to Xxxxxxxxx LLC as set forth in the Fee Letter.

Examples of Demand Failure Event in a sentence

• The chairperson or, in the chairperson’s absence or disability, the vice-chairperson shall preside at all meetings of the Interstate Commission.

• If a Demand Failure Event occurs in respect of any of the Bridge Facilities and the applicable Rollover Fee is paid in respect of such Bridge Facility, no further fees will be payable under this HY Engagement Letter in respect of any Permanent Financing that refinances or replaces such Bridge Facility or any Extended Term Loans in respect of such Bridge Facility.

• Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, but upon and following the occurrence of a Demand Failure Event, notwithstanding anything contained in any Loan Document, each Loan shall be a Total Cap Loan.

• Notwithstanding anything to the contrary contained in any Loan Document, from and after the occurrence of a Demand Failure Event, no Loan may be converted from a Total Cap Loan to any other Type of Loan.

• Upon the occurrence of a Demand Failure Event (as defined in the Arranger Fee Letter), alloutstanding Bridge Loans will accrue interest at the Total Cap.

More Definitions of Demand Failure Event

Demand Failure Event means that X.X.Xxxxxx Securities LLC and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated have provided the Administrative Agent with a signed notice stating that a “Demand Failure Event” (as defined in the Fee Letter) has occurred.

Demand Failure Event shall have the meaning assigned to “Opco Demand Failure Event” in the Fee Letter.

Demand Failure Event means a breach by the Parent or the Borrower of its obligations pursuant to a Securities Demand.

Demand Failure Event. Any failure to comply with the terms of a Securities Demand (as defined in the Fee Letter) for any reason will be deemed to be a “Demand Failure Event” (as defined in the Fee Letter) under the Bridge Facility Documentation.

Demand Failure Event means Borrower’s failure to comply with (i) the terms set forth in a Permanent Securities Notice within five business days from the date of delivery or (ii) the terms of the documentation related to the Permanent Securities Notice including, without limitation, Borrower’s obligation to deliver on or prior to November 2, 2014 certain information required by Jefferies LLC to consummate an offering of the Permanent Securities, including an offering memorandum or offering circular in form and substance reasonably satisfactory to Jefferies LLC as set forth in the Fee Letter.”

Demand Failure Event has the meaning specified in the Fee Letter. “Demand Securities” has the meaning specified in the Fee Letter.

Demand Failure Event shall have the meaning provided in Schedule 3.1.