Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

Financial Covenant Default has the meaning specified in Section 7.02.

Financial Covenant Default means an Event of Default under Section 11(c) for failure to comply with Section 10.7(a) or Section 10.7(b).

Examples of Financial Covenant Default in a sentence

Upon actual receipt and designation of such Specified Equity Contribution, the applicable Financial Covenant Defaults shall be deemed cured hereunder without any other action required and the requirements of Section 7.10(b) or Section 7.10(c), as applicable, shall be deemed to have been satisfied as of the applicable date with the same effect as though there had been no Financial Covenant Default at such date or thereafter.
Prior to or on the Required Contribution Date (solely to the extent the Top Borrower has the ability to cure a Financial Covenant Default pursuant to this Section 7.10(d)), neither the Administrative Agent nor any Lender shall impose default interest, accelerate the Obligations or exercise any other remedy against the Top Borrower, any other Loan Party or any Collateral solely on the basis of the Financial Covenant Default hereunder.

More Definitions of Financial Covenant Default

Financial Covenant Default has the meaning specified in Section 9.04.

Financial Covenant Default as defined in Section 8.1.

Financial Covenant Default means (i) a failure to comply with any financial covenant set forth in Section 8.11 or (ii) the taking of any action by any Loan Party or its Subsidiaries if such action was prohibited hereunder solely due to the existence of a Financial Covenant Default of the type described in clause (i) of this definition. It is understood and agreed that this definition may not be amended without the written consent of the Required Covenant Lenders.

Financial Covenant Default means a Default arising out of any Borrower’s failure to comply with any covenant provided under Section 7.3 of this Agreement.

Financial Covenant Default means (i) a failure to comply with any of the Financial Covenants or (ii) the taking of any action by the Borrower or any Restricted Subsidiary if such action was prohibited hereunder solely due to the existence of a Financial Covenant Default of the type described in clause (i) of this definition.

Financial Covenant Default means an Event of Default which results solely from the violation of any now existing or hereafter arising financial covenant contained in the Loan Agreement, including, by way of illustration, those specific financial covenants set forth in Sections 6.16, 6.17, 6.18, 6.19, and 6.20 of the Loan Agreement and any supplement, addition, modification or amendment to those specific financial covenants.

Financial Covenant Default. (i) a failure to comply with the Financial Covenant or (ii) the taking of any action by the Company or its Subsidiaries if such action was prohibited hereunder solely due to the existence of a Financial Covenant Default of the type described in clause (i) of this definition. It is understood and agreed that this definition may not be amended without the written consent of the Majority Revolving Credit Facility Lenders.