Senior Covenant Default definition

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

Examples of Senior Covenant Default in a sentence

• 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.

• Senior Default shall mean any Senior Payment Default or Senior Covenant Default.

• Senior Covenant Default shall mean any default or event of default with respect to the financial covenants or the negative covenants in the Senior Credit Facility, which default or event of default entitles the holders of Senior Debt to accelerate the maturity of the Senior Debt.

• 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.

• Notwithstanding the foregoing, in the case of a Blockage Notice that relates to a Senior Covenant Default, the foregoing restrictions shall commence upon Borrower’s receipt of such Blockage Notice and shall expire 270 days thereafter.

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 “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 default (other than a Senior Payment Default) with respect to any Senior Indebtedness which then permits the acceleration of all Senior Indebtedness;

Senior Covenant Default means 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.

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” under the Credit Agreement or Permitted Refinancing Loan Documents, other than a Senior Payment Default. Senior Debt Limit shall have the meaning ascribed to such term in the definition of “Senior Indebtedness”.

Senior Covenant Default means any default under any Senior Indebtedness (other than a Senior Payment Default) that permits the Senior Lenders or the Senior Agent to accelerate the maturity of the Senior Indebtedness or that has been the basis for the acceleration of the maturity of the Senior Indebtedness.