Junior Default means (i) a default in the payment of the Junior Debt or in the performance of any term, covenant or condition contained in any of the Junior Debt Documents, or (ii) any other occurrence permitting the Junior Creditors to accelerate the payment of, or put or cause the redemption of, all or any portion of the Junior Debt or any of the Junior Debt Documents.

Junior Default means any event of default under the Junior Debt Documents, after the expiration of any applicable grace or cure period.

Junior Default means a “Default” as such term is defined in the Junior Loan Agreement.

Examples of Junior Default in a sentence

If the clerk intentionally killed Gibbs, Patrice cannot properly be convicted of felony murder.
The initial notional amounts of the relevant tranches of the Unfunded Senior Default Swap Agreement and the Unfunded Junior Default Swap Agreement (the Unfunded Class J Initial Tranche Amount and Unfunded Class K Initial Tranche Amount respectively) will also be identical to each other and together amount to EUR12,000,000.
Their needs range from proper chairs, screens, printers, data/wifi/fibre access, stationary etc.
The initial notional amounts of the relevant tranches of the Unfunded Senior Default Swap Agreement and the Unfunded Junior Default Swap Agreement (the Unfunded Class J Initial Tranche Amount and Unfunded Class K Initial Tranche Amount respectively) will also be identical to each other and together amount to EUR 12,000,000.
The Note Trustee shall give notice in writing to the Senior Creditors of the occurrence of any Junior Default promptly upon its becoming aware of it, such notice to specify the event concerned.

More Definitions of Junior Default

Junior Default. For the purpose of this Agreement, a "Default" shall mean any occurrence or condition which, with the giving of notice or the passage of time, or both, would be an Event of Default. Unless and until the Master Collateral Agent has actual knowledge that an Event of Default shall have occurred and is continuing, the Master Collateral Agent shall not take any action under this Agreement except for the performance of such duties as are specifically set forth herein and except as may be set forth from time to time in written instructions by the Required Facility Representatives in accordance with this Agreement, and upon receipt of such written instruction, the Master Collateral Agent shall give such notice or direction or exercise such right, remedy or power hereunder as shall be specified in such instruction.

Junior Default means a Junior Event of Default or any fact, event or circumstance which with notice or passage of time or both, could constitute a Junior Event of Default.

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

Junior Default means any “Event of Default” (as such term is defined in the Junior Financing Agreement) or any other occurrence permitting Junior Lender to accelerate the payment of, or put or cause the redemption of, all or any portion of the Junior Debt or any of the Junior Notes.

Junior Default means a default in the payment of the Junior Debt or any other occurrence permitting Junior Creditor to accelerate the payment of all or any portion of the Junior Debt.

Junior Default means a “Default” (as defined in the RCF Agreement) and a “Default” (as defined in the HY Note Indenture).