Senior Acceleration Event definition

Senior Acceleration Event means a Senior Facilities Acceleration Event, a Senior Notes Acceleration Event and/or a Permitted Senior Financing Acceleration Event, as the context requires.
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Senior Acceleration Event as the meaning set forth in Section 2.2(a) hereof.
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Senior Acceleration Event means (i) the acceleration of at least $1,000,000 of principal amount of Senior Indebtedness in advance of the stated maturity therefor, whether such acceleration is involuntary, by declaration or otherwise or the failure to pay such Indebtedness upon the stated maturity therefor or (ii) a material breach by the Issuer of any of its obligations to the Holder under the Subordination Agreement.
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Examples of Senior Acceleration Event in a sentence

  • Cash Management Liabilities Unless a Senior Acceleration Event, a Senior Secured Notes Acceleration Event or an Insolvency Event has occurred, the Debtors and Third Party Security Providers may make Payments to any Cash Management Provider in respect of the Cash Management Liabilities then due to that Cash Management Provider under any Cash Management Agreement in accordance with the terms of the applicable Cash Management Agreement.

  • If a Senior Acceleration Event occurs the Senior Agent shall notify the Shared Security Agent and the Shared Security Agent shall, upon receiving that notification, notify each other Party.


More Definitions of Senior Acceleration Event

Senior Acceleration Event has the meaning assigned to such term in the definition of “Acceleration Event.”
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Senior Acceleration Event means the Senior Agent or Collateral Agent exercising any rights under section 9.02 (
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Senior Acceleration Event means the Senior Facility Agent exercising any of its rights under clause 29.20 (Acceleration - all Lenders) or 29.21 (Acceleration - IFC and the Banks) of the CTA.
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Senior Acceleration Event means the Required Senior Lenders exercising any of their rights under Section 9 of the Senior Loan Agreement or any similar provision of any New Financing Equivalent.
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Senior Acceleration Event means a Senior Agent exercising any of its rights, as a result of a Senior Event of Default, to declare that all of the Senior Liabilities, or all of the Senior Facilities Liabilities, be immediately due and payable.
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Senior Acceleration Event means the acceleration of at least $1,000,000 of principal amount of Senior Indebtedness in advance of the stated maturity therefor, whether such acceleration is voluntary, involuntary, by declaration or otherwise or the failure to pay such Indebtedness upon the stated maturity therefor.
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Related to Senior Acceleration Event

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Term Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

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

  • Acceleration Date on any Security means the date on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

  • Amortization Event has the meaning specified in Article IX.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Subordination Event means any one of the following events:

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap 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.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

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

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Early Amortization Event means any Early Amortization Event specified in Section 5.01 of the Indenture.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Unmatured Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(ii) of the Agreement.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.