Senior Enforcement Event definition

Senior Enforcement Event has the meaning set forth in Section 2.08 hereof.

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Senior Enforcement Event shall occur (i) upon the occurrence of a Winding-Up Event, (ii) upon the occurrence of a Non-Payment Event or (iii) upon a breach by the Company of a Performance Obligation with respect to the Securities.

Senior Enforcement Event means the giving of a notice of acceleration by the Administrative Agent (as defined in the in the Senior Secured Term Loan Facility) pursuant to Article VII of the Senior Secured Term Loan Facility, and in relation to the Designated Senior Debt, the equivalent event under the Designated Senior Finance Documents.

Examples of Senior Enforcement Event in a sentence

• In case of a Senior Enforcement Event with respect to the Securities, the Trustee shall with respect to such Securities exercise such of the rights and powers vested in it by the Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

• In case of a Senior Enforcement Event with respect to a series of Securities, the Trustee shall with respect to such series exercise such of the rights and powers vested in it by the Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

• Any payment in respect of the Securities so made in U.S. dollars will not constitute an Event of Default or Senior Enforcement Event (if applicable) under the Indenture or the Securities.

• In case of a Senior Enforcement Event, the Trustee shall exercise such of the rights and powers vested in it by the Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

More Definitions of Senior Enforcement Event

Senior Enforcement Event means the occurrence of any of the events listed in subclauses 24.15(a), (b), (c) or (e) of the Senior Credit Agreement.

Senior Enforcement Event means a breach of the Senior Secured Obligations by the Chargor;