Noticed Event of Default definition

Noticed Event of Default means (i) an Event of Default with respect to any Assignor under clause (h), (i) or (j) of Section 11 of the DIP Credit Agreement and (ii) any other Event of Default in respect to which the Collateral Agent has given the U.S. Borrower notice that such Event of Default constitutes a “Noticed Event of Default”.

Noticed Event of Default means any Event of Default as to which the Administrative Agent has given Parent written notice that (i) such Event of Default constitutes a Noticed Event of Default and (ii) to the extent such notice may be given without violation of applicable law, the Collateral Agent intends, as a result of such Event of Default (alone or among others), to exercise its remedies hereunder, provided that an Event of Default under Section 7.01(h) or (i) of the Credit Agreement shall in any event constitute a Noticed Event of Default.

Noticed Event of Default shall have the meaning provided in Section 5 hereof.

Examples of Noticed Event of Default in a sentence

• All such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease in case a Noticed Event of Default has occurred and is continuing, and Section 7 hereof shall become applicable.

• The Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the applicable Guarantor, endorsed or assigned in blank or in favor of the Collateral Agent or, if a Noticed Event of Default shall have occurred and be continuing, in its own name as pledgee or the name of its nominee (as pledgee or as sub-agent).

• It is the further intent and understanding of the parties that the Beneficiary, following a Noticed Event of Default, may pursue all of its collateral with the Obligations remaining outstanding and in full force and effect notwithstanding any judgment of foreclosure or any other judgment which the Beneficiary may obtain.

• So long as no Noticed Event of Default has occurred and is continuing, the Trustee and Beneficiary will release any interest they have in any and all compensation, awards, damages and proceeds paid to the Trustor or the Borrower on account of such Condemnation and Trustor may use such compensation awards, damages and proceeds for repair, restoration, replacement or other business purposes as Trustor may reasonably determine.

• Except as otherwise provided in the Credit Agreement, the Collateral Agent shall apply any proceeds of such insurance required after a Noticed Event of Default in accordance with Section 7.4 (it being understood that so long as no Noticed Event of Default has occurred and is continuing, the Collateral Agent will release any interest it has in the proceeds of any casualty insurance to the Assignors).

More Definitions of Noticed Event of Default

Noticed Event of Default has the meaning ascribed to such term in the Parent Guarantee and U.S. Pledge Agreement.

Noticed Event of Default means (x) until the First Lien Termination Date occurs, a Noticed Event of Default under and as defined in the First Lien Pledge Agreement and (y) thereafter, any Event of Default as to which the Administrative Agent has given Holdings written notice that (i) such Event of Default constitutes a Noticed Event of Default and (ii) to the extent such notice may be given without violation of applicable law, the Collateral Agent intends, as a result of such Event of Default (alone or among others), to exercise its remedies hereunder provided that an Event of Default under Section 7.01(g) or (h) of the Loan Agreement shall in any event constitute a Noticed Event of Default.

Noticed Event of Default means (i) an Event of Default specified in section 10.1(g) of the Credit Agreement and (ii) any other Event of Default under the Credit Agreement in respect of which the Pledgee has given the Borrower notice that such Event of Default constitutes a Noticed Event of Default.

Noticed Event of Default means (A) at all times prior to the date on which the Credit Agreement and all Letters of Credit have been terminated and there remain outstanding no Credit Agreement Obligations (such date the “Credit Agreement Termination Date”), (i) an Event of Default in respect of the Company under Section 10.05 of the Credit Agreement and (ii) any other Event of Default under the Credit Agreement in respect of which the Administrative Agent has given the Company written notice that such Event of Default constitutes a Noticed Event of Default and (B) at all times after the date all of the Obligations of the Credit Parties under the Credit Documents have been indefeasibly paid in full in cash (the “Credit Agreement Termination Date”) (i) the commencement of any bankruptcy, insolvency or similar proceeding with respect to the Pledgor and (ii) (x) in the event any obligations other than Public Obligations (as defined below) are then outstanding, any other Event of Default under the documentation governing any such obligations in respect of which any Secured Creditor holding such Obligations (or, in the event an agent or other representative of the holders of such Obligations shall have been appointed, such representative) has given the Company written notice that such Event of Default constitutes a Noticed Event of Default or (y) in the event that any Additional Senior Debt Obligations with respect to other securities registered under the Securities Act of 1933, as amended (such obligations, “Public Obligations”), any Event of Default under the documentation governing such other Public Obligations in respect of which the representative appointed in connection with such Public Obligations has given the Pledgor written notice that such a Noticed Event of Default constitutes an Event of Default.

Noticed Event of Default means (x) until the First Lien Termination Date occurs, a Noticed Event of Default under and as defined in the First Lien Collateral Agreement and (y) thereafter, any Event of Default as to which the Administrative Agent has given the Term Borrower written notice that (i) such Event of Default constitutes a Noticed Event of Default and (ii) to the extent such notice may be given without violation of applicable law, the Collateral Agent intends, as a result of such Event of Default (alone or among others), to exercise its rights hereunder, provided that an Event of Default under Section 7.01(g) or (h) of the Loan Agreement shall in any event constitute a Noticed Event of Default.

Noticed Event of Default has the meaning specified in Section 15.

Noticed Event of Default means (i) any Event of Default arising under