Standstill Event definition

Standstill Event means the occurrence of any one or more of the Events of Default under the Acquisition Note.

Standstill Event means the occurrence of a Default under the Senior Notes except as provided in clause (d) of Section 6.02 (Payment Blockage Provisions).

Standstill Event means the occurrence of a Default (as such term is defined in the Senior Note Indenture) under the Senior Notes except as provided in clause (d) of Section 6.02 of the Senior Note Indenture.

Examples of Standstill Event in a sentence

• After giving effect to the Amendment, no Standstill Event shall have occurred and be continuing, and the representations and warranties contained in the Standstill Agreement shall be correct in all material respects as though made on and as of the Effective Date.

• Prior to a Standstill Event, the Parent may make, and the holders of Second Units may receive, payments in accordance with Section 2.2 of this Agreement.

• This new field of application would leave a high impact not only at a consumer level but in the industry as a whole.

• Prior to a Standstill Event, the Credit Parties may make, and the Tranche B Lenders may receive, scheduled payments of principal and interest owing by the Borrower to the Tranche B Lenders in accordance with the Tranche B Credit Agreement, and any Mandatory Prepayments to which the Tranche B Lenders are entitled in accordance with Section 2.2 of this Agreement, and any fee, expense reimbursement, indemnification claim or other claim provided for in the Tranche B Credit Agreement.

• After a Standstill Event, the Parent may not make, and the holders of Second Units may not receive, any payment on account of the Second Units unless all Tranche A Obligations, Tranche B Obligations, Tranche C Obligations and First Units are indefeasibly paid in full.

More Definitions of Standstill Event

Standstill Event means (a) at any time when the Tranche A Exit Facility Agreement remains in effect, the provision by the Administrative Agent under the Tranche A Exit Facility Agreement to the Borrower, the Administrative Agent under the Tranche B Credit Agreement, and the Administrative Agent under the Tranche C Credit Agreement, of a notice that a Default has occurred and is continuing under the Tranche A Exit Facility Agreement, or (b) at any time when the Tranche A Exit Facility Agreement no longer remains in effect but amounts remain outstanding under the Tranche B Credit Agreement, the provision by the Administrative Agent under the Tranche B Credit Agreement to the Borrower and the Administrative Agent under the Tranche C Credit Agreement, of a notice that a Default has occurred and is continuing under the Tranche B Credit Agreement.

Standstill Event means the occurrence of any one or more of the Events of Default under the Acquisition Note. "Standstill Event Notice" shall mean the date the Subordinated Creditor shall have provided written notice of such Standstill Event to the Senior Creditor and Borrower.

Standstill Event means the commencement of any: (a) Enforcement Action by Lender; or (b) any Reorganization relative to the Borrower, any Obligor, or their respective properties.

Standstill Event means an event giving rise to a Standstill in accordance with the STID;

Standstill Event means any of the following events (a) the acceleration of the Senior ABL Obligations and the Senior Term Loan Obligations, (b) the acceleration of all of the Junior Lien Obligations evidenced by the Junior Notes, (c) the acceleration of other Junior Lien Obligations (other than Junior Lien Obligations evidenced by the Junior Notes issued on the date of the Junior Debt Agreement (and any registered exchange notes issued in exchange therefor)) in an aggregate principal amount of at least $100,000,000, or (d) the commencement of one or more Insolvency Proceedings with respect to any Significant Grantor.

Standstill Event shall have the meaning set forth in the Standstill Agreement.

Standstill Event means the occurrence of any one or more of the EVENTS OF DEFAULT under the Acquisition Note.