Remedy Standstill Period definition

Remedy Standstill Period means the period commencing on the date of the First Lien Agent’s receipt of written notice from the Second Lien Agent that a Second Lien Event of Default has occurred and is continuing and that the Second Lien Agent intends to commence the Exercise of Secured Creditor Remedies, and ending on the earliest to occur of (i) the date which is 180 days after receipt of such notice, (ii) the “Maturity Date” under the Second Lien Credit Agreement, and (iii) the date on which the Payment of Maximum First Lien Facility Amount has occurred. Such written notice from the Second Lien Agent to the First Lien Agent shall reference this Agreement, and shall declare a “Remedy Standstill Period” to commence.
Sample 1Sample 2Sample 3
Remedy Standstill Period means, whether or not an Insolvency Proceeding has been commenced by or against any Loan Party, (a) with respect to a Term Loan Event of Default, the period commencing on the date of the ABL Agent’s receipt of written notice from the Term Agent that a Term Loan Event of Default has occurred and is continuing and that the Term Agent intends to commence the Exercise of Secured Creditor Remedies, and ending on earliest to occur of (i) (A) in the event of the commencement of an Insolvency Proceeding by or against any Loan Parties, subject to the provisions of Section 6.3, on the date of commencement of such Insolvency Proceeding, (B) in the event of a Specified Event of Default under the Term Loan Agreement, the date which is thirty (30) days after the receipt of such notice, (C) with respect to any other Event of Default under the Term Loan Agreement, the date which is sixty (60) days after receipt of such notice and (ii) the date on which the Discharge of ABL Obligations has occurred, and (b) with respect to an ABL Event of Default, the period commencing on the date of the Term Agent’s receipt of written notice from the ABL Agent that an ABL Event of Default has occurred and is continuing and that the ABL Agent intends to commence the Exercise of Secured Creditor Remedies, and ending on the earliest to occur of (i)
Sample 1Sample 2Sample 3
Remedy Standstill Period means (a) with respect to a Term Loan Event of Default, the period commencing on the date of the Revolving Lender’s receipt of written notice from the Term Agent that a Term Loan Event of Default has occurred and is continuing and that the Term Agent intends to commence the Exercise of Secured Creditor Remedies, and ending on earlier to occur of (i) the date which is ninety (90) days (or, with respect to a Specified Event of Default, sixty (60) days, or (subject to Section 6.2 hereof) with respect to an Insolvency Event of Default, zero (0) days) after receipt of such notice and (ii) the date on which the Discharge of Revolving Obligations has occurred, and (b) with respect to a Revolving Event of Default, the period commencing on the date of the Term Agent’s receipt of written notice from the Revolving Lender that a Revolving Event of Default has occurred and is continuing and that the Revolving Lender intends to commence the Exercise of Secured Creditor Remedies, and ending on the earlier to occur of (i) the date which is ninety (90) days (or, with respect to a Specified Event of Default, sixty (60) days, or (subject to Section 6.2 hereof) with respect to an Insolvency Event of Default, zero (0) days) after receipt of such notice and (ii) the date on which the Discharge of Term Obligations has occurred. Such written notice from the Term Agent to the Revolving Lender, or from the Revolving Lender to the Term Agent, as the case may be, shall reference this Agreement, declare a “Remedy Standstill Period” to commence and certify either that (i) the obligations under the Term Loan Agreement or the Revolving Credit Agreement, as the case may be, are then due and payable in full (whether as a result of acceleration hereof or otherwise) in accordance with the terms of the Term Loan Agreement or the Revolving Credit Agreement, as the case may be or (ii) that an Event of Default under the Term Loan Agreement or the Revolving Credit Agreement has occurred and is continuing.
Sample 1Sample 2

Examples of Remedy Standstill Period in a sentence

  • Upon the expiration or termination of any Remedy Standstill Period, Lender shall be entitled to exercise any of its rights with respect to this Note other than any right to accelerate the maturity date of this Note based upon the occurrence of any event of Default in respect thereto which has been cured or otherwise remedied during the Remedy Standstill Period.

  • Following the termination of the Remedy Standstill Period, subject at all times to Section 1.10(c)(ii) of the DIP Credit Agreement, the Term B Agent may require the DIP Credit Parties to comply with Section 7.9 of the DIP Credit Agreement.

  • Following the termination of the Remedy Standstill Period, subject to Section 1.10(c)(iii), the Working Capital Agent, whether or not it shall have received such direction fromthe Term B Agent, may require the DIP Credit Parties to comply with Section 7.9 of the DIP Credit Agreement.

  • Upon the expiration or termination of any Remedy Standstill Period, the Lenders shall be entitled to exercise any of their rights with respect to the Notes other than any right to accelerate the maturity date of the Notes based upon the occurrence of any Event of Default which has been cured or otherwise remedied during the Remedy Standstill Period.

  • Notwithstanding the foregoing, the Remedy Standstill Period shall be inapplicable or cease to be effective if the payees of any Senior Indebtedness shall have caused such Senior Indebtedness to become due prior to its stated maturity or an Event of Default pursuant to Section 4(a)(ii) through (iv) shall have occurred.

  • The date following the Remedy Standstill Period and identified in the prior written notice delivered by the Term Loan Agent to the Revolving Credit Agent as provided in Section 3.2(a), provided that the Term Loan Remedies Exercise Date shall not be deemed to have occurred if prior to the expiration of the Remedy Standstill Period the Revolving Credit Agent is diligently pursuing in good faith the exercise of its enforcement rights and remedies against all or a material portion of the Collateral.

  • Upon the expiration or termination of any Remedy Standstill Period, each Holder shall be entitled to exercise any of its rights with respect to the Notes (but otherwise subject to the subordination provisions of the Notes) other than any right to accelerate the maturity date of this Note based upon the occurrence of any Event of Default in respect thereto which has been cured or otherwise remedied during the Remedy Standstill Period.

  • Notwithstanding the foregoing, the Remedy Standstill Period shall be inapplicable or cease to be effective if an Event of Default pursuant to Section 6(a)(viii) or (ix) shall have occurred with respect to the Borrower or its Subsidiaries.

  • Notwithstanding the foregoing, the Remedy Standstill Period shall be inapplicable or cease to be effective if the holders of any Senior Indebtedness shall have caused such Senior Indebtedness to become due prior to its stated maturity or an Event of Default pursuant to Section 12(a)(viii) or (ix) shall have occurred with respect to a Credit Party.

  • Study characteristics, cost and cost-effectiveness outcomes were extracted.


More Definitions of Remedy Standstill Period

Remedy Standstill Period shall have the meaning set forth in Section 10.02 hereof.
Sample 1Sample 2
Remedy Standstill Period means a period which commences on the date that a notice of intention to exercise remedies on account of the occurrence of an Event of Default is given by the Required Holders to Holdings and the Agent and ends on the earliest to occur of (i) the cure or waiver of all Senior Payment Defaults continuing during such Remedy Standstill Period, or the expiration of any Blockage Period with respect to a Senior Covenant Default in effect during such Remedy Standstill Period, (ii) the acceleration of any Senior Indebtedness, (iii) an Event of Default specified in clause (g) or (h) of Section 12.01, (iv) one hundred eighty (180) days after the receipt by Holdings of such notice of intention to exercise remedies, (v) the waiver or amendment by or on behalf of the holders under the Senior Loan Agreement (or any requisite percentage thereof of the restrictions, during such Remedy Standstill Period, on asset sales or dispositions by Holdings or any of its Subsidiaries so as to permit Holdings or any of its Subsidiaries to transfer or apply the net proceeds from such asset sales or dispositions to or for the benefit of any holders of long-term Indebtedness of Holdings or its Subsidiaries other than to repay obligations under the Senior Loan Agreement, or (vi) such time as the holders of Senior Indebtedness (or any requisite percentage thereof consent in writing to the termination of the Remedy Standstill Period.
Sample 1
Remedy Standstill Period means the period commencing on the date of the First Lien Agent’s receipt of written notice from the Second Lien Agent that a Second Lien Event of Default has occurred and is continuing and that the Second Lien Agent intends to commence the Exercise of Secured Creditor Remedies, and ending on earlier to occur of (i) the date which is 120 days after receipt of such notice and (ii) the date on which the Payment of Maximum First Lien Facility Amount has occurred. Such written notice from the Second Lien Agent to the First Lien Agent shall reference this Agreement, and shall declare a “Remedy Standstill Period” to commence.
Sample 1
Remedy Standstill Period means the period commencing on the date on which the Second Lien Agent has delivered to the First Lien Agent written notice of the acceleration of any Second Priority Claims (it being understood and agreed that the Second Lien Agent and the Second Lien Lenders shall not be entitled to deliver a notice of acceleration to start the commencement of such period if, within 60 days following a Second Lien Specified Event of Default, the First Lien Agent notifies the Second Lien Agent that the event giving rise to such Second Lien Specified Event of Default has been waived or otherwise cured under the First Lien Credit Agreement), and ending on the earlier to occur of (i) the date which is 180 days (which period will be tolled during any period in which the First Lien Agent is not entitled, on behalf of the First Lien Lenders, to enforce or exercise any rights or remedies with respect to any Common Collateral as a result of (A) any injunction issued by a court of competent jurisdiction or (B) the automatic stay or any other stay in any Insolvency or Liquidation Proceeding) after receipt of such notice and (ii) the date on which the Discharge of First Lien Lender Claims has occurred. Such written notice from the Second Lien Agent to the First Lien Agent shall reference this Agreement, and shall declare a “Remedy Standstill Period” to commence.
Sample 1
Remedy Standstill Period means the period commencing on the date a notice of intention to exercise remedies on account of the occurrence of an Event of Default shall have been given by the Required Noteholders to the Company and the Senior Agent and the Remedy Standstill Period shall continue until the one hundred twentieth (120th) day after the date of such notice; provided, that that any Remedy Standstill Period shall expire immediately and, subject to the provisions of Sections 11.03 and 11.04 hereof, the holders of Subordinated Claims shall be entitled to exercise all rights and remedies under Section 12.02 hereof and otherwise available at law or in equity in the event (a) any holders of a Senior Claim shall have caused such Senior Claim to become due prior to its stated maturity, (b) an Event of Default pursuant to Section 12.01(h) or (i) shall have occurred and be continuing, or (c) any holder of a Senior Claim commences any action to foreclose upon, attach, seize, take control of or otherwise exercise remedies under any Senior Debt Document or any security therefor on or with respect to a material portion of the assets of the Company.
Sample 1

Related to Remedy Standstill Period

  • Standstill Period has the meaning set forth in Section 3.1.

  • Term Loan Standstill Period has the meaning provided in Section 8.01(b).

  • Forbearance Period means the period beginning on the Forbearance Effective Date and ending on the Forbearance Termination Date.

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior to the termination of the Waiver Period and effective date of any such applicable fee.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Lockup Period has the meaning set forth in Section 2.4(d)(i).

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Summer Period means the June, July, August, and September billing months. “Winter Period” means the December, January, February, and March billing months. “Transition Period” means the April, May, October, and November billing months.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Exclusive Period means the period of time set forth in Section 2.2.

  • Voting Period means the period commencing on (and including) the date of this Agreement and ending on (and including) the Expiration Date.

  • Support Period means the period commencing on (and including) the date of this Agreement and ending on (and including) the Expiration Date.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • License Term means the duration of a License as specified in the Order.

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.

  • Founder Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or earlier if, subsequent to the Company’s initial Business Combination, the last sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (B) the consummation by the Company of any subsequent liquidation, merger, stock exchange or other similar transaction, which results in all of the Company’s stockholders having the right to exchange their shares of the Common Stock for cash, securities or other property.

  • Regulatory Exclusivity Period means, with respect to each Licensed Product in any country in the Territory, a period of exclusivity (other than Patent exclusivity) granted or afforded by Applicable Law or by a Regulatory Authority in such country that confers exclusive marketing rights with respect to such Licensed Product in such country or prevents another Person from using or otherwise relying on any data supporting the approval of the Drug Approval Application for such Licensed Product to support an application for regulatory approval of another product for any indication without the prior written consent of the Drug Approval Application holder.

  • PAGA Period means the period from May 10, 2021, through April 4, 2023.

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).