Financial Covenant Default definition
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 (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.
Examples of Financial Covenant Default in a sentence
The cash proceeds received by Holdco from such purchases or contributions shall be deemed to increase Consolidated Adjusted EBITDA on a dollar-for-dollar basis, and the amount of such increase may be included in a recalculation of the financial covenant(s) giving rise to the Financial Covenant Default for the fiscal quarter immediately preceding such purchase or contribution, as applicable, and, without duplication, for each of the following three fiscal quarters.
The Cure Notice shall set forth the calculation of the amount of the Equity Cure Investment necessary to cure the applicable Financial Covenant Default pursuant to the terms hereof (the “Financial Covenant Cure Amount”).
More Definitions of Financial Covenant Default
Financial Covenant Default means an Event of Default under Section 11(c) for failure to comply with Section 10.7(a), Section 10.7(b) or Section 10.7(c).
Financial Covenant Default as defined in Section 8.1.
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).
Financial Covenant Default has the meaning specified in Section 9.04.
Financial Covenant Default has the meaning specified in Section 9.4.
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 means a Default under Section 11(c) for failure to comply with Section 10.6(a) or 10.6(b). “Financing Subsidiary” means (a) any Structured Subsidiary or (b) any SBIC Subsidiary.