Pari Passu Debt Acceleration Event definition

Pari Passu Debt Acceleration Event means the relevant Pari Passu Agent or the relevant Majority Pari Passu Lenders exercising their rights to accelerate the Pari Passu Debt under, and in accordance with the relevant Pari Passu Document.
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Pari Passu Debt Acceleration Event means, in relation to any Pari Passu Debt and following the occurrence of an Event of Default (in respect of such Pari Passu Debt) which is continuing, the Pari Passu Debt Representative or any of the other Pari Passu Debt Creditors in respect of such Pari Passu Debt exercising any acceleration rights (howsoever described) under and in accordance with the applicable Pari Passu Debt Agreement in respect of such Pari Passu Debt
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Pari Passu Debt Acceleration Event means (a) the Pari Passu Debt Representative(s) (or any of the other Pari Passu Creditors) exercising any acceleration rights (howsoever described) pursuant to, and in accordance with, any Pari Passu Debt Document following a Pari Passu Debt Event of Default which is continuing or (b) any Pari Passu Debt Obligations becoming due and payable by operation of any automatic acceleration provision contained in any Pari Passu Debt Document, in each case, other than a right to place amounts on demand, but including, without limitation, the making of a demand in respect of any amounts placed on demand.
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Related to Pari Passu Debt Acceleration Event

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Pari Passu Debt means (a) any Debt of the applicable Issuer that ranks equally in right of payment with the Notes or (b) with respect to any Guarantee, any Debt that ranks equally in right of payment to such Guarantee.

  • Amortization Event has the meaning specified in Article IX.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness Incurred by any Credit Party in the form of one or more series of junior lien secured notes, bonds or debentures or junior lien secured loans; provided that (a) such Indebtedness is secured by Liens on all or a portion of the Collateral on a junior priority basis to the Liens on the Collateral securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (b) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that ranks junior in priority to the Liens on the Collateral securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (c) the holders of such Indebtedness (or their representative) and the Collateral Agent shall become parties to a Customary Intercreditor Agreement described in clause (b) of the definition thereof providing that the Liens on the Collateral securing such obligations shall rank junior in priority to the Liens on the Collateral securing the Obligations, and (d) such Indebtedness is not at any time guaranteed by any Person other than Persons that are Guarantors.