First Lien Default definition

First Lien Default means any “Event of Default”, as such term is defined in any First Lien Document.

First Lien Default means any Event of Default under the First Lien Credit Agreement.

First Lien Default means a Note Default or any Additional First Lien Default.

Examples of First Lien Default in a sentence

• A Noticed Monetary Default and/or First Lien Default and/or Noticed Nonmonetary Default shall nevertheless be an Event of Default for all purposes under the Loan Documents (including, without limitation, Mortgagee's right to collect Default Interest and any other administrative charge set forth in the Note) except that the acceleration of the Debt or other exercise of remedies shall not be prior to the expiration of the applicable cure and/or grace periods provided in Section 22 or in this section.

• Any number of notices of a First Lien Default may be given during a Standstill Period, but no such notice shall extend such Standstill Period.

• No First Lien Default that existed or was continuing on the date of the commencement of any Standstill Period and that was known to First Lien Agent, First Lien Co-Agent or any First Lien Lender will be, or can be, made the basis for the commencement of a second Standstill Period, whether or not within a period of 360 consecutive days, unless such First Lien Default has been cured or waived for a period of not less than 60 consecutive days.

• A Monetary Default and/or First Lien Default and/or Nonmonetary Default shall nevertheless be an Event of Default for all purposes under the Loan Documents (including, without limitation, Mortgagee's right to collect Default Interest and any other administrative charge set forth in the Note) except that the acceleration of the Debt or other exercise of remedies shall not be prior to the expiration of the applicable cure and/or grace periods provided in Section 23 or in this section.

• A Noticed Monetary Default and/or First Lien Default and/or Noticed Nonmonetary Default shall nevertheless be an Event of Default for all purposes under the Loan Documents (including, without limitation, Lender's right to collect Default Interest and any other administrative charge set forth in the Note) except that the acceleration of the Debt or other exercise of remedies shall not be prior to the expiration of the applicable cure and/or grace periods provided in Section 22 or in this section.

More Definitions of First Lien Default

First Lien Default means a Default under the First Lien Credit Agreement.

First Lien Default means any “Default” or “Event of Default” under the First Lien Debt Documents and any other event or occurrence permitting the First Lien Lender Parties to accelerate the maturity of the First Lien Debt.

First Lien Default means an “Event of Default” that arises pursuant to Article VII of the First Lien Credit Agreement (or, with respect to any amended First Lien Credit Agreement or credit agreement that is a Permitted Refinancing First Lien Debt Document, the equivalent default clauses of such agreement).

First Lien Default means an “Event of Default”, as defined in the First Lien Loan Agreement.

First Lien Default means any “Event of Default”, as such term is defined in any First Lien Document. “First Lien DIP Amount” means, solely to provide DIP Financing, $1,000,000.

First Lien Default means a Cash Flow Credit Default, a Note Default or any Additional First Lien Default.

First Lien Default means a Note Default or any Additional First Lien Default. “First Lien DIP Financing” has the meaning set forth in Section 6.01(b).