Designated Event of Default definition

Designated Event of Default means any Event of Default under Section 8.01(1) (solely with respect to a default under Section 3.05), Section 8.01(2), Section 8.01(3) (solely with respect to interest and Fees), Section 8.01(4) (solely with respect to a default under Section 5.04(9), Section 5.11 or Section 6.10), Section 8.01(8) or Section 8.01(9).

Designated Event of Default means any Event of Default under Section 7.01(a) (solely with respect to the accuracy of any Borrowing Base Certificate), 7.01(b), 7.01(c), 7.01(d) (solely with respect to a default under Section 5.04(h), 5.11 or 6.10), 7.01(h) or 7.01(i).

Designated Event of Default means (i) any Designated Event of Default under, and as defined in, the Credit Agreement or (ii) event of default (or similar term) by the Debtor under, as defined in any Applicable Hedging Agreement.

Examples of Designated Event of Default in a sentence

• Borrowing Base Certificates and supporting documentation shall be delivered monthly to the Agents no later than the fifteenth (15) business day following the end of each calendar month; provided, that, (a) if a Reporting Condition has occurred and is continuing or (b) if a Designated Event of Default (as defined below) has occurred and is continuing, the Agents may require that Borrowing Base Certificates to be delivered weekly.

• Once commenced, a Cash Dominion Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days or such Designated Event of Default has been cured or waived (or is otherwise no longer continuing), as applicable.

• Availability is less than the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect, in each case, for five consecutive Business Days or (b) a Designated Event of Default has occurred and is continuing.

More Definitions of Designated Event of Default

Designated Event of Default means the Event of Default that arose on August 1, 2009 from the failure of the Makers to pay the outstanding principal balance of the Note on the Maturity Date (it being understood and agreed that any accrued and unpaid interest, including, without limitation, unpaid interest accrued after the Maturity Date, must be paid monthly in arrears on the first calendar day of each month and the failure to pay such interest is not a Designated Event of Default).

Designated Event of Default means any Event of Default under clauses (a), (b) (solely on account of a breach of Section 5.01(j), Section 6.13 or Section 6.14), (f) or (g) of Section 7.01.

Designated Event of Default means any Event of Default of the type described in any of clauses (a), (b), (g) or (h) of Section 7.01.

Designated Event of Default any Event of Default specified in any of paragraphs (a), (f), (h), (i) (with respect to Kimco) or (l) of Article VIII or clauses (i) or (ii) of paragraph (e) of Article VIII.

Designated Event of Default means an Event of Default described under Sections 8.01(a), (f) or (g) of the Credit Agreement and, following written notice thereof from the Administrative Agent at the request of the Required Lenders, any other Event of Default.

Designated Event of Default means an Event of Default specified in Sections 8.01(a), (b), (d) (with respect to Borrower’s obligations under Sections 5.08, 5.14, 6.10, 6.11, 6.18 and 6.21), (e) (with respect to Borrower’s obligations under Section 5.11 (in respect of Collateral with a fair market value in excess of $3,000,000)), (g), (h), (k) (in respect of any security interest or Lien on Collateral with a fair market value in excess of $3,000,000) or (m) (other than a Change in Control caused by Lender or its Affiliates).

Designated Event of Default. The occurrence of (i) any Event of Default of the type set forth in Section 13.1(a), 13.1(b), 13.1(e), 13.1(h), 13.1(i); 13.1(j) or 13.1(l) hereof, (ii) an Event of Default of the type set forth in Section 13.1(d) hereof, but only if it involves an Obligation in excess of One Million Dollars ($1,000,000) that is not being contested in good faith by the Borrower or (iii) an event of default (or similar term) by the Borrower or any of its Restricted Subsidiaries under any Specified Hedging Agreement.