Major Event of Default means an Event of Default arising under any of the following provisions:
Major Event of Default means an Event of Default arising from any of the following with respect to Borrower and the Guarantors only (and not, for the avoidance of doubt, (a) in relation to any other Subsidiary of Borrower or the Target Group or (b) in respect of any obligation to procure any action by any other Subsidiary of Borrower or the Target Group):
Major Event of Default any Event of Default arising under any of the following provisions (but only insofar as relates to the Certain Funds Loan Parties):
Examples of Major Event of Default in a sentence
Notwithstanding the foregoing, all Advances shall be subject to earlier repayment upon (x) acceleration during the existence of an Event of Default or, during the Certain Funds Period with respect to the Term Loan B Advance, a Major Event of Default, under this Agreement or (y) termination of this Agreement.
More Definitions of Major Event of Default
Major Event of Default means (i) any Event of Default (ignoring for this purpose any applicable grace periods) with respect to the Borrower or a Material Subsidiary of the Borrower (which, for the avoidance of doubt, shall not include the Target or any of its subsidiaries) only as specified in Sections 8.1(a) (but only insofar as it relates to a breach of any Major Representation), (b), (c), (d) (but only insofar as it relates to a breach of any Major Undertaking), (g), (h) and (k) or (ii) a Certain Funds Change of Control.
Major Event of Default has the meaning given to such term in the “Agreed Form Company IFA” as defined in the Commitment Letter (as in effect on the Effective Date).
Major Event of Default means an Event of Default set forth in any of (I) Section 4(a)(ii), (II) Section 4(a)(iii), (III) Section 4(a)(iv) if such Event of Default is triggered because of the Company's failure to timely pay any Principal amount or Interest due pursuant to the terms of this Note, (IV) Section 4(a)(ix) if such Event of Default is triggered because of the Company's failure to comply with Section 14(k) or (V) Section 4(a)(xv).
Major Event of Default means any event or circumstance constituting an Event of Default that is continuing under:
Major Event of Default has the meaning given to such term in the Interim Facility Agreement;
Major Event of Default. The occurrence of (i) an Event of Default under clause (a), (e), (k) or (l) of Section 14.1; (ii) an Event of Default by the Guarantor under clause (c) or (g) of Section 14.1; or (iii) a “Major Event of Default” under and as defined in the Master Lease.
Major Event of Default means an Event of Default of the type described in clause (a), (b), (d), (e), (f) (other than the financial covenant set forth in Section 6.16 (Minimum Adjusted EBITDA to Interest Expense)), (g), (h), (i), (k) or (l) of the definition of "Event of Default" set forth in Section 7.1 (Events of Default).