Existing Defaults definition

Existing Defaults means, collectively, the Events of Default identified on Exhibit A hereto.

Existing Defaults means (i) all Existing Defaults (as that term is defined in the Forbearance Agreements) and defaults with respect to other matters stated in the Forbearance Agreements, and (ii) the 2005 Tax Default.

Existing Defaults means the Events of Default more particularly identified on Exhibit A hereto.

Examples of Existing Defaults in a sentence

• It is understood and agreed that this Letter Agreement does not waive or evidence consent to any default or Event of Default (including the Existing Defaults) under the Notes or the Loan Documents.

• Upon the terms and subject to the conditions set forth in this Amendment, the Lender hereby waives the Existing Defaults.

• During the Forbearance Period, the Outstanding Amount shall bear interest at the interest rate set forth under the Notes (8%); it being understood that the default rate shall apply upon the occurrence of any Event of Default (other than Existing Defaults) thereunder or upon termination of the Forbearance Period.

• Each Loan Party represents and warrants that as of the date hereof, no Events of Default exist other than the Existing Defaults.

• The Bank Group is not obligated in any way to continue beyond the Standstill Period to forbear from enforcing its rights or remedies, and the Bank Group is entitled to act on the Existing Defaults after the occurrence of a Standstill Termination as if such defaults had just occurred and the Standstill Period had never existed.

More Definitions of Existing Defaults

Existing Defaults means:

Existing Defaults has the meaning specified in the Recitals to this Agreement.

Existing Defaults has the meaning ascribed to such term in the Forbearance Agreement.

Existing Defaults means the Events of Default that have occurred and are continuing through the date hereof and that are particularly identified on Exhibit A hereto.

Existing Defaults means all events of default under the Amended Loan Agreement which are outstanding and known by the Bank on the date hereof.

Existing Defaults shall have the meaning set forth in Section 3.1.

Existing Defaults means collectively the Leverage Default, the Notice Default, and any Default or Event of Default caused by the Leverage Default and the Notice Default.