Senior Debt Default means any default or event of default by the Company or any of its subsidiaries under any Senior Debt Agreement.
Senior Debt Default has the meaning set forth in Section 10.3(a).
Senior Debt Default means a “Default” or an “Event of Default” under the Senior Loan Agreement.
Examples of Senior Debt Default in a sentence
Nothing in this paragraph will preclude or prohibit the Lender from receiving and retaining any payment hereunder unless and until the Lender has received a Senior Debt Default Notice (which will be effective until waived in writing by the Senior Creditors).
Senior Lender agrees to provide each Junior Lender with written notice of any Senior Debt Default promptly after sending Borrower notice of such default.
More Definitions of Senior Debt Default
Senior Debt Default shall have the meaning given such term in Section 5.2 hereof. 4.16 "Subordinated Distributions" shall have the meaning given such term in Section 5.1 hereof. 4.17 "Subordinated Payments" shall have the meaning given such term in Section 5 hereof. 5.
Senior Debt Default shall have the meaning given such term in Section 5.2 hereof.
Senior Debt Default means and include
Senior Debt Default means and include any event of default under any Senior Debt and any event or circumstance which, with the passage of time or the giving of notice, or both, would constitute an event of default under Senior Debt;
Senior Debt Default shall have the meaning set forth in Section 18(b).
Senior Debt Default means the failure to make any payment of any Senior Debt when due or the happening of an event of default with respect to any Senior Debt, as defined therein or in the instrument under which the same is outstanding which, by its terms, if occurring prior to the stated maturity of such Senior Debt, permits or with the giving of notice or lapse of time (or both) would permit any holder thereof, any group of such holders or any trustee or representative for such holders thereupon to accelerate the maturity thereof or results in such acceleration, including, without limitation, a "Default" under the Bank Agreement, whether or not such Senior Debt or instrument has been avoided, disallowed or subordinated. In the event that, notwithstanding the foregoing, any payment or distribution of cash, property or securities shall be received or collected by a Holder in contravention of this Section 13.3 or if and as long as payment with respect to the Securities is prohibited under this Article, and except as otherwise expressly provided in Section 13.9, such payment or distribution shall be held for the benefit of and shall be paid over to the holders of Senior Debt or their representative or representatives or to the trustee or trustees under any indenture under which any instrument evidencing Senior Debt may have been issued, as their respective interests may appear, to the extent necessary to pay in full all Senior Debt then due, after giving effect to any concurrent payment to the holders of Senior Debt.
Senior Debt Default means any Senior Payment Default or Senior Non-Payment Default.