Senior Covenant Default definition

Senior Covenant Default means any event of default as defined under any agreement pertaining to Senior Indebtedness, other than a Senior Payment Default.

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Senior Covenant Default means any “Event of Default” under the Senior Debt Documents (other than a Senior Payment Default), or any condition or event that, after notice or lapse of time or both, would constitute such an Event of Default (other than a Senior Payment Default) if that condition or event were not cured or removed within any applicable grace or cure period set forth therein.

Senior Covenant Default means any "Event of Default" under the Senior Debt Documents (other than a Senior Payment Default), or any condition or event that, after notice or lapse of time or both, would constitute such an Event of Default (other than a Senior Payment Default) if that condition or event were not cured or removed within any applicable grace or cure period set forth therein.

Examples of Senior Covenant Default in a sentence

The Company shall provide Subordinated Agent and the Subordinated Creditor with prompt written notice of the occurrence of a Senior Payment Default or Senior Covenant Default, as the case may be (which notice shall incorporate a reasonably detailed description of such Senior Payment Default or Senior Covenant Default), and of any cure or waiver thereof.
The Company shall deliver a notice to the Trustee promptly after the date on which any Senior Covenant Default is cured or waived or ceases to exist or on which the Designated Senior Indebtedness related thereto is discharged or paid in full in cash or Cash Equivalents.
Only one Blockage Notice may be given in any 360-day period, and no Senior Covenant Default that previously served as the basis for a Blockage Notice or that was in existence (and as to which the applicable Senior Payee had actual notice) during a prior Blockage Period may serve as the basis for a Blockage Notice unless such Senior Covenant Default was subsequently cured or waived for a period of at least 90 consecutive days.
Notwithstanding the foregoing, in the case of a Blockage Notice that relates to a Senior Covenant Default, the foregoing restrictions shall commence upon ▇▇▇▇▇▇'▇ receipt of such Blockage Notice and shall expire 270 days thereafter.
The term "Senior Covenant Default" shall mean the occurrence and continuance of any Event of Default (as defined in the Senior Loan Agreement) (after the expiration of any applicable grace periods), other than an Event of Default set forth in Sections 8.1(m) or (n) of the Senior Loan Agreement.

More Definitions of Senior Covenant Default

Senior Covenant Default means any “Event of Default” under the First-Lien Purchase Agreement, other than a Senior Payment Default.

Senior Covenant Default means any “Default” or “Event of Default” under the Senior Loan Agreement, other than a Senior Payment Default.

Senior Covenant Default means any “Event of Default” under the Senior Debt Documents (other than a Senior Payment Default).

Senior Covenant Default means any default under any Senior Indebtedness (other than a Senior Payment Default) which continues uncured for the period of grace, if any, with respect thereto.

Senior Covenant Default means any "Event of Default" that has occurred and is continuing under the Senior Creditor Indebtedness Documents (other than a Senior Payment Default) beyond any applicable grace or cure period.

Senior Covenant Default means any event of default as defined under any agreement pertaining to Senior Indebtedness, other than a Senior Payment Default;

Senior Covenant Default means any Event of Default that is not a Senior Payment Default.