Second Lien Default Notice definition

Second Lien Default Notice means a written notice delivered to Grantors and First Lien Agent by Second Lien Agent, which notice describes the applicable Second Lien Event of Default and states that it constitutes a “Second Lien Default Notice” for purposes of this Intercreditor Agreement.
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Second Lien Default Notice means with respect to any Event of Default under the Second Lien Loan Documents, a written notice from the Second Lien Agent to the First Lien Agent describing such Event of Default in reasonable detail.
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Second Lien Default Notice with respect to any Second Lien Default, a written notice from the Second Lien Agent to the First Lien Agent, with a copy to the Obligors, stating that such notice is a “Second Lien Default Notice,” indicating that such Second Lien Default has occurred, and describing such Second Lien Default in reasonable detail.
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Examples of Second Lien Default Notice in a sentence

  • 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.

  • The Agent’s receipt from the Second Lien Agent of a written rescission, in form and content reasonably satisfactory to the Agent, of that certain letter Re: Rand Logistics – Second Lien Default Notice, dated August 23, 2016, from the Second Lien Agent to the Agent.

Related to Second Lien Default Notice

  • Non-Monetary Default Notice shall have the meaning assigned to such term in Section 11(d).

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • 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.