Senior Debt Event of Default definition

Senior Debt Event of Default means any event, the occurrence of which permits the termination or acceleration of the Senior Debt.
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Senior Debt Event of Default means and includes each "event of default" under, or within the meaning of, the terms of any Senior Debt (whenever incurred). Any Senior Debt Event of Default agreed to or otherwise coming into effect after the Original Issue Date or the date hereof shall, automatically and simultaneously with its effectiveness, become a "Senior Debt Event of Default" for purposes hereof. Any amendment, waiver or other modification of the Senior Debt Events of Default as in effect under the terms of any relevant Senior Debt shall have no force and effect with respect to the Senior Debt Events of Default as in effect under the Subordinated Notes, unless and to the extent approved by the Majority Holders.
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Senior Debt Event of Default means any “Event of Default” under and as defined in the Senior Loan Agreement.
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Examples of Senior Debt Event of Default in a sentence

  • In the event the Senior Debt Event of Default has been waived by Senior Creditors or cured to Senior Creditors’ satisfaction, Senior Creditors shall so notify Junior Creditor and Borrower in writing and the suspended payments of interest may resume.

  • Subject to the provisions of Section 3.3, Borrower may not make and Creditor may not receive any payment due with respect to this Note prior to the indefeasible payment in full of the Senior Debt unless (a) no Senior Debt Event of Default has occurred and is continuing at the time, or would result from the making, of such payment, and (b) all conditions under all Senior Debt Loan Documents for the making of any payments under this Note (“Relevant Payment Conditions”) are satisfied in full.

  • Additionally, Subordinated Creditor shall disgorge any payments (other than any Permitted Payments) received during the time commencing upon the occurrence of a Senior Debt Event of Default until the date of receipt by Subordinated Creditor of the related Blockage Notice; provided, that Subordinated Creditor may accept and retain any distribution to Borrower’s unsecured creditors constituting the proceeds of Borrower’s assets that are not otherwise subject to Senior Agent’s or any Senior Creditor’s Lien.


More Definitions of Senior Debt Event of Default

Senior Debt Event of Default shall have the meaning assigned to such term in clause (f) of the definition of “Event of Default”.
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Senior Debt Event of Default means (i) any default under the Senior Debt Loan Documents, including any “Event of Default”, as that term or a term with a similar meaning is defined in any Senior Debt Loan Document, or (ii) any occurrence, condition, act or omission which, with the passage of time or the giving of notice or both, is reasonably likely to result in any default under the Senior Debt Loan Documents.
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Senior Debt Event of Default shall have the meaning given to the term "Event of Default" in the Senior Debt Indenture.
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Senior Debt Event of Default is defined in Section 4(a).
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Senior Debt Event of Default means any "Event of Default" under and as defined in the Congress Credit Agreements.
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Related to Senior Debt Event of Default

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

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Issuer Event of Default means the occurrence of any of the following events:

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

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

  • 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.

  • Event of Default has the meaning specified in Section 8.01.

  • Subordination Event means any one of the following events:

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • 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)).

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

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

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).