Second Lien Default definition

Second Lien Default means any “Event of Default”, as such term is defined in any Second Lien Document.

Second Lien Default means any “Default” under and as defined in the Second Lien Documents.

Second Lien Default means a Default under the Indenture or any Pari Passu Payment Lien Document.

Examples of Second Lien Default in a sentence

• The Permitted Second Lien Financing Creditors may take Enforcement Action under Clause 5.8 (Permitted Second Lien enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Permitted Second Lien Financing Event of Default.

• As of the date of the making of any Loan or the issuance, increase, renewal or extension of any Letter of Credit, as applicable, no Second Lien Default or Second Lien Event of Default shall exist under Section 9.01 of the Second Lien Credit Agreement, and the making of such Loan or issuance, increase, renewal or extension of such Letter of Credit would not cause a Second Lien Default or Second Lien Event of Default under Section 9.01 of the Second Lien Credit Agreement.

• It has not received written notice of the existence of any Second Lien Default as of the date hereof.

• The Second Lien Secured Creditors may take Enforcement Action under Clause 5.8 (Permitted Second Lien enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Second Lien Event of Default.

• AMS shall provide First Lien Lender with a Second Lien Default Notice upon the occurrence of each Second Lien Default, and AMS shall notify First Lien Lender in the event such Second Lien Default is cured or waived.

More Definitions of Second Lien Default

Second Lien Default means any “Default” or “Event of Default” under the Second Lien Debt Documents and any other event or occurrence permitting the Second Lien Lender Parties to accelerate the payment of all or any portion of the Second Lien Debt.

Second Lien Default means a Default (as defined in the Second Lien Credit Agreement).

Second Lien Default means an “Event of Default” as defined in the MDFA Loan Agreement.

Second Lien Default means a default in the payment of the Second Lien Obligations or in the performance of any term, covenant or condition contained in the Second Lien Loan Documents or any other occurrence permitting the Second Lien Administrative Agent or any Second Lien Lender to accelerate the payment of, or put or cause the redemption of, all or any portion of the Second Lien Obligations or any Second Lien Loan Document.

Second Lien Default means (i) any payment or bankruptcy “Event of Default” under the Second Lien Notes Documents or (ii) any other “Event of Default” under the Second Lien Notes Documents; provided that in the case of clause (ii), solely to the extent the Second Lien Notes Obligations have been accelerated by the Second Lien Notes Trustee or the requisite amount of Second Lien Notes Holders as a result thereof.

Second Lien Default means a Default under the Indenture.

Second Lien Default any of the events specified in Section 11, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied.