Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.
Specified Defaults means the failure of the ------------------ Borrower to comply with Sections 6.04(a), (b), (c) and (d) of the Credit Agreement. At the end of the Waiver Period, the waiver of the Specified Defaults will automatically terminate.
Specified Defaults means the Events of Default listed on Annex I hereto. During the Forbearance Period, any condition to the making of an Advance under the Loan Agreement that would not be met solely because of the occurrence and continuance of any Specified Default or any Event of Default resulting solely from the Company’s failure to make the scheduled interest payment due under the Notes on July 15, 2007 is hereby waived.
Examples of Specified Defaults in a sentence
Except for the Specified Defaults, neither the Parent Borrower nor any Subsidiary is in default under, or with respect to, any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Except for the Specified Defaults, no Default has occurred and is continuing.
No Default or Event of Default other than the Specified Defaults (as defined in the Forbearance Agreement) shall exist on the Effective Date immediately after giving effect to this Amendment.
No Default or Event of Default has occurred and is continuing, and no Default or Event of Default (each as defined in the First Lien Credit Agreement) has occurred and is continuing, other than the Specified Defaults.
No Event of Default or Unmatured Event of Default shall have occurred and be continuing either before or immediately after giving effect to this Amendment or the transactions contemplated hereby, other than the Specified Defaults (as defined in the DZ Limited Waiver Agreement).
More Definitions of Specified Defaults
Specified Defaults means the following, collectively, and the term “Specified Default” shall mean any of the following:
Specified Defaults means Events of Default arising under Sections 7.01(a), (b), (d) (with respect to Article VI), (e) (with respect to Sections 5.01 and 5.10), (f), (g), (h), (i), (j) and (m).
Specified Defaults any (i) Event of Default under Section 10.1.1 or 10.1.5, (ii) any Event of Default arising from the failure of any Loan Party to deliver a Borrowing Base Certificate required to be delivered hereunder or any material inaccuracy contained in any Borrowing Base Certificate, (iii) any Event of Default arising from the failure of any Loan Party to comply with its obligations under this Agreement and the Security Agreements to make or direct payments into Deposit Accounts over which Agent has a first priority perfected Lien and dominion and control (or, in the case of a Deposit Account of a UK Loan Party, a floating charge), or to maintain such Lien and dominion and control (or, in the case of a Deposit Account of a UK Loan Party, a floating charge), over Deposit Accounts (other than Excluded Deposit Accounts and Deposit Accounts to the extent such Deposit Accounts are not yet required to be subject to a Deposit Account Control Agreement pursuant to Section 7.3.2 or 9.1.12(c)(iii)) and (iv) any Event of Default arising from the failure of the Loan Parties to comply with the covenant contained in Section 9.3 at any time that such covenant is applicable pursuant to the terms hereof.
Specified Defaults means any events of default and any defaults (after giving effect to any applicable grace period) in the observance or performance of any covenant under the Specified Agreements solely as a result of the occurrence of the Merger Transactions.
Specified Defaults means the failure on the part of the Credit Parties to comply with the following covenants during or as of the end of the periods described below: (i) the Restricted Payment covenant in Section 6.15 of the Credit Agreement during the Fiscal Months ended December 31, 1999, January 31, 2000, February 28, 2000, March 31, 2000, April 30, 2000 and May 31, 2000, (ii) the employee and officer loan covenant in Section 6.2(iii) of the Credit Agreement during the Fiscal Months ended December 31, 1999, January 31, 2000, February 28, 2000, March 31, 2000, April 30, 2000 and May 31, 2000, (iii) the minimum Tangible Net Worth covenant in part (b) of Schedule 6.11 to the Credit Agreement as of the end of the Fiscal Quarters ended December 31, 1999 and March 31, 2000, (iv) the minimum Fixed Charge Coverage Ratio in part (c) of Schedule 6.11 to the Credit Agreement for the Fiscal Months ended December 31, 1999, January 31, 2000, February 28, 2000, March 31, 2000, April 30, 2000 and May 31, 2000, (v) the maximum Capital Expenditure covenant in part (f) of Schedule 6.11 for the Credit Agreement for the Fiscal Year ended March 31, 2000, and (vi) the minimum Current Ratio in part (d) of Schedule 6.11 to the Credit Agreement for the Fiscal Quarter ended March 31, 2000.
Specified Defaults any (i) Event of Default under Section 11.1.1 or 11.1.5, (ii) any Event of Default arising from the failure of any Loan Party to deliver a Borrowing Base Certificate required to be delivered hereunder or any material inaccuracy contained in any Borrowing Base Certificate, (iii) any Event of Default arising from the failure of any Loan Party to comply with its obligations under this Agreement and the Security Agreement to make or direct payments into Deposit Accounts over which the Agent has a first priority perfected Lien and dominion and control or to maintain such Lien and dominion and control over Deposit Accounts (other than Excluded Deposit Accounts and Deposit Accounts of a New Loan Party to the extent such Deposit Accounts are not yet required to be subject to a Deposit Account Control Agreement pursuant to Section 10.1.12(e)(iii)) and (iv) any Event of Default arising from the failure of the Loan Parties to comply with either of the covenants contained in Section 10.3 at any time that such covenants are applicable pursuant to the terms hereof.