Revolver Event of Default definition

Revolver Event of Default means any Event of Default under Section 10.1(c) as a result of the Borrower failing to be in compliance with Section 9.1.
Revolver Event of Default means any event or circumstance which would constitute an Event of Default hereunder, if the terms of the Loan Agreement and the Loan Documents were interpreted without giving effect to any amendment, waiver or consent granted or agreed to by the Required Lenders pursuant to Section 10.1 of the Loan Agreement (unless the Revolving Loan Lender approves any such amendment, waiver or consent in writing); provided that (i) with respect to any event or circumstance that constituted a Default or Event of Default at the time of any such amendment, waiver or consent, such event or circumstance shall not constitute a Revolver Event of Default unless the Revolving Loan Lender has given notice of the exercise of its rights under Section 7.2(b) of the Loan Agreement within 15 days after written notice of the effectiveness of the amendment, waiver or consent granted or agreed to by the Required Lenders, and (ii) any other event or circumstance shall not constitute a Revolver Event of Default unless the Revolving Loan Lender has advised the Borrower and the Administrative Agent in writing within 15 days after written notice of the effectiveness of the amendment, waiver or consent relating thereto that the Revolving Loan Lender will require compliance with the terms of the Loan Agreement without reference to such amendment, waiver or consent. If notice is required by any term of the Loan Agreement as a condition to the existence of an Event of Default, for purposes of a Revolving Event of Default, notice from the Revolving Loan Lender shall constitute such notice, the term of any such provision to the contrary notwithstanding.

Examples of Revolver Event of Default in a sentence

  • No amendment, modification or waiver of Section 9.1, any of the financial definitions used in determining compliance with Section 9.1 or this Section 12.22 or waiver of 220 any Revolver Event of Default, may be effected without the consent of the Majority Lenders under the Revolving Facility.


More Definitions of Revolver Event of Default

Revolver Event of Default means an "Event of Default" under and as defined in the Revolver Credit Agreement.
Revolver Event of Default shall have the meaning set forth in Section 10.12.
Revolver Event of Default means any defined event of default under the Revolver Loan Documents (after giving effect to any applicable grace or cure periods, and after the giving of any required notices).
Revolver Event of Default means an "Event of Default", as such term is defined in the Revolver Loan Agreement.

Related to Revolver Event of Default