Senior Covenant Default definition

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

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 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.

• 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.

• 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 Borrower shall deliver a notice to the Administrative Agent and the Lenders promptly after the date on which any Senior Covenant Default is cured or waived or on which the Senior Debt related thereto is paid in full.

More Definitions of Senior Covenant 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” under the First-Lien Purchase Agreement, other than a Senior Payment Default.

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 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 or Event of Default under the Senior Debt Documents or any other occurrence permitting Senior Lender to accelerate the payment of all or any portion of the Senior Indebtedness (other than a Senior Payment Default).

Senior Covenant Default means any "Event of Default" described in Section 15 of the Loan Agreement, 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 if that condition or event were not cured or removed within any applicable grace or cure period set forth therein.