Senior Default Notice means a written notice from the Trustee to the Junior Creditors or any Junior Trustee on their behalf pursuant to which the Junior Creditors or Junior Trustee is notified of the occurrence of a Senior Default, which notice incorporates a reasonably detailed description of such Senior Default.
Senior Default Notice means a written notice sent by the Senior Creditor Representative to the Subordinated Creditor Representative pursuant to which the Subordinated Creditors are notified of the existence of a Senior Covenant Default.
Senior Default Notice means a written notice from Senior Agent to Subordinated Agent, with a copy sent to the Loan Parties in accordance with the Senior Credit Agreement, pursuant to which Subordinated Agent is notified of the occurrence of a Senior Default, which notice incorporates a reasonably detailed description of such Senior Default and states that it is a “Senior Default Notice” within the meaning of this Agreement that is intended to commence a payment blockage period under this Agreement.
Examples of Senior Default Notice in a sentence
Likewise, Lender, Owner and Borrower each shall provide Junior Creditor with a Senior Default Notice upon the occurrence of each Event of Default under the Senior Loan Documents, and Lender shall notify Junior Creditor in the event such Event of Default is cured or waived.
Borrowers shall, and Senior Agent shall use reasonable efforts to, provide Junior Agent with a Senior Default Notice upon knowledge of the occurrence of each Senior Default, and Senior Agent shall notify Junior Agent in the event that it has knowledge that such Senior Default has been cured or waived.
More Definitions of Senior Default Notice
Senior Default Notice means a written notice from Agent to Collateral Agent pursuant to which Collateral Agent is notified of the occurrence of a Senior Default, which notice incorporates a reasonably detailed description of such Senior Default and states that such notice is a "Senior Default Notice" for purposes of this Agreement.
Senior Default Notice means a written notice from Agent to Subordinated Creditors pursuant to which Subordinated Creditors are notified of the occurrence of a Senior Default, which notice incorporates a reasonably detailed description of such Senior Default.
Senior Default Notice means a written notice from Senior Lender to Administrative Agent and Borrower pursuant to which Administrative Agent and Borrower are notified of the occurrence of a Senior Default.
Senior Default Notice means a Senior Default Notice as referred to in Section 11.4 of the Company's Senior Subordinated Note Agreements dated as of December 1, 1989 and May 15, 1990, respectively.
Senior Default Notice means a written notice from Senior Creditor to the Junior Creditor pursuant to which Junior Creditor is notified of the occurrence of a Senior Covenant Default, which notice incorporates a reasonably detailed description of such Senior Covenant Default.
Senior Default Notice see Section 2.3(b).
Senior Default Notice means a written notice from Agent to Collateral Agent pursuant to which Collateral Agent is notified of the occurrence of a Senior Default, which notice incorporates a reasonably detailed description of such Senior Default and states that such notice is a “Senior Default Notice” for purposes of this Agreement.