Specified Default Event means any of the events set forth in Clause 9;
Specified Default Event means (a) any Event of Default (under and as defined in the Bank of America Facility, referred to hereinafter as a “Bank of America Facility Event of Default”) occurs (other than any Specified Default (solely for this purpose, as defined in the Bank of America Forbearance)) pursuant to Section 11.1.5 of the Bank of America Facility, (b) any other Bank of America Facility Event of Default occurs (other than any Specified Default (solely for this purpose, as defined in the Bank of America Forbearance)), and continues unremedied and unwaived (it being understood that any waiver that is conditioned on or that requires the payment of additional consideration to any financing source shall be deemed not to be a waiver for purposes of this clause) for a period in excess of five business days, (c) any Event of Default (under and as defined in the KKR Facility, referred to hereinafter as a “KKR Facility Event of Default”) occurs (other than any Specified Default (solely for this purpose, as defined in the KKR Forbearance)) pursuant to
Examples of Specified Default Event in a sentence
Where any Specified Default Event occurs in relation to any Shareholder (the “Defaulting Shareholder”), any other Shareholder (each, a “Non-Defaulting Shareholder” and collectively, the “Non-Defaulting Shareholders”) may at any time thereafter give written notice thereof to the Defaulting Shareholder and the Company specifying in such notice the Specified Default Event (the “Default Notice”).
Where any Specified Default Event stated in the JVSA occurs in relation to any Party (“ Defaulting Shareholder”), any other Party (“Non-Defaulting Shareholder”) may at any time thereafter give written notice thereof to the Defaulting Shareholder and the JV Company specifying in such notice the Specified Default Event (“Default Notice”).
More Definitions of Specified Default Event
Specified Default Event means (a) any Event of Default (under and as defined in the Bank of America Facility, referred to hereinafter as a “Bank of America Facility Event of Default”) occurs (other than any Specified Default (solely for this purpose, as defined in the Bank of America Forbearance)) pursuant to Section 11.1.5 of the Bank of America Facility, (b) any other Bank of America Facility Event of Default occurs (other than any Specified Default (solely for this purpose, as defined in the Bank of America Forbearance)), and continues unremedied and unwaived (it being understood that any waiver that is conditioned on or that requires the payment of additional consideration to any financing source shall be deemed not to be a waiver for purposes of this clause) for a period in excess of five business days, (c) any Event of Default (under and as defined in the KKR Facility, referred to hereinafter as a “KKR Facility Event of Default”) occurs (other than any Specified Default (solely for this purpose, as defined in the KKR Forbearance)) pursuant to Section 7.01(e) of the KKR Facility, (d) any other KKR Facility Event of Default occurs (other than any Specified Default (solely for this purpose, as defined in the KKR Forbearance)), and continues unremedied and unwaived (it being understood that any waiver that is conditioned on or that requires the payment of additional consideration to any financing source shall be deemed not to be a waiver for purposes of this clause) for a period in excess of five business days, (e) any forbearance set forth in the Bank of America Forbearance ceases to be effective, the Bank of America Forbearance is terminated or the relevant forbearance period set forth therein ends or (f) any forbearance set forth in the KKR Forbearance ceases to be effective, the KKR Forbearance is terminated or the relevant forbearance period set forth therein ends.
Specified Default Event means any of the events set forth in Client Agreement;
Specified Default Event means any of the following:
Specified Default Event shall have the meaning ascribed to it in Clause 9.2;