Second Lien Event of Default definition

Second Lien Event of Default means any “Event of Default” under the Indenture; provided that to the extent that any cash payment on account of the Second Lien Debt is not permitted to be made hereunder, the Company’s failure to make any such payment in cash shall not result in a default or event of default under the Indenture or any other Second Lien Document.

Second Lien Event of Default means an Event of Default under a Second Lien Financing Agreement.

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

Examples of Second Lien Event of Default in a sentence

• The Second Lien Creditors may take Enforcement Action as described above in relation to a Second Lien Event of 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.

• No Topco Payment Stop Notice may be delivered by the Security Agent in reliance on a Senior Secured Event of Default or a Second Lien Event of Default more than 45 days after the occurrence of the relevant event of default.

• 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.

• The Executive Director be and hereby is authorized and directed to execute a standard contract for construction, which by reference is inclusive of all plans, specifications, addenda and related project documents, between Russell’s Remodeling, LLC and RRHA for the fixed price of $567,834.00.

• Following the occurrence of any Second Lien Event of Default and until the Second Lien Remedies Exercise Date, the Second Lien Agent may not commence or continue the Exercise of Any Secured Creditor Remedies in respect of the Collateral.

More Definitions of Second Lien Event of Default

Second Lien Event of Default means, with respect to any Series of Second Lien Obligations, any “Event of Default” under and as defined in the Second Lien Credit Documents relating to such Series; provided that any notice, lapse of time or other condition precedent to the occurrence of such Event of Default in the relevant instrument shall have been satisfied.

Second Lien Event of Default means any “Event of Default” under the Indenture.

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

Second Lien Event of Default. An “Event of Default” (as defined in the Second Lien Credit Agreement) shall have occurred and be continuing under the Second Lien Credit Agreement; or

Second Lien Event of Default means an event of default (howsoever described) under a Second Lien Debt Document.

Second Lien Event of Default means any Event of Default as such term is defined in any of the Second Lien Loan Documents.

Second Lien Event of Default means an Event of Default under the FWA4 Promissory Note.