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 a First-Lien Agent to the Second-Lien Agent pursuant to which the Second-Lien Claimholders are notified of the existence of a Senior Covenant Default or Senior Payment Default, as the case may be, which notice shall reference this Agreement and which incorporates a reasonably detailed description of such Senior Covenant Default or Senior Payment Default.
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 delivered by Agent to Subordinated Lender and EGP that an Event of Default has occurred and is continuing under the Senior Debt Documents.
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 Administrative Agent to Term Agent pursuant to which Term 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 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 Senior Agent or any Senior Creditor to Subordinated Agent and the Company pursuant to which the Subordinated Agent is notified of the existence of a Senior Covenant Default. Senior Indebtedness shall mean all Indebtedness, liabilities and other obligations of any and every kind and nature now existing or hereafter arising, contingent or otherwise, of any Obligor or any other Person under, in connection with, or evidenced or secured by the Senior Purchase Agreement or any of the other Basic Documents, including, without limitation, all such Obligations to pay (i) principal, (ii) interest or premium (including interest accruing after the commencement of any Proceeding, whether or not constituting an allowed claim in such Proceeding), (iii) fees, (iv) costs, expenses and other amounts related to any indemnity against loss, damage or liability, (v) any other monetary obligation, and all such Indebtedness, obligations and liabilities incurred with respect to Permitted Refinancings, together with any amendments, restatements, modifications, renewals or extensions of any thereof permitted hereunder; provided, that, in no event shall the principal amount of the Senior Indebtedness exceed the sum of (a) $30,000,000, reduced by the amount of any principal repayments and permanent commitment reductions under the Senior Purchase Agreement or any Permitted Refinancing Debt Documents, to the extent that such repayments and reductions may not be reborrowed (specifically excluding, however, any such repayments and commitment reductions occurring in connection with any Permitted Refinancing), plus (b) costs and expenses incurred following the occurrence of a Senior Payment Default or Senior Covenant Default, as the case may be, by or for the account of the holders of Senior Indebtedness (or any representatives thereof) to preserve or protect any Senior Creditor Collateral, plus (c) the amount of interest that is capitalized and added to the principal amount of the Senior Notes in accordance with the terms thereof.