Standstill Notice definition

Standstill Notice means a written notice from Second Lien Trustee to First Lien Agent stating that a Second Lien Default has occurred and is continuing and that, as a consequence thereof, Second Lien Trustee has accelerated the Second Lien Obligations.

Standstill Notice means a written notice from Term Loan Agent to ABL Agent identified by its terms as a “Standstill Notice” for purposes of this Agreement and stating that an Term Loan Default has occurred and is continuing and that, as a consequence thereof, Term Loan Agent has declared all of the Term Loan Priority Debt to be immediately due and payable.

Standstill Notice means a written notice from First Lien Agent or First Lien Co-Agent to Second Lien Agent stating that a First Lien Default has occurred and is continuing and stating that it is a "Standstill Notice".

Examples of Standstill Notice in a sentence

• Subject to clause (ii) in the last paragraph of Section 2.b, in no event shall a Standstill Period extend beyond 270 days from the date of receipt by Second Lien Agent from First Lien Agent or First Lien Co-Agent of a Standstill Notice initiating such Standstill Period.

• In the Senate, if a point of order under this Act against a bill or resolution is sustained, the Presiding Officer shall then recommit the bill or resolution to the committee of appropriate ju- risdiction for further consideration.(Pub.

• ABL Agent shall provide reasonable prior notice to Term Loan Agent of its initial material Enforcement Action taken after the delivery of each Standstill Notice that commences a Standstill Period.

• In addition, a Blockage Notice shall be deemed given to, and received by, the General Administrative Agent and Collateral Monitoring Agent and the Borrowers on the same day as a Standstill Notice is received by the Congress Parties.

• Contracting authorities need to provide significantly more information up front in the Mandatory Standstill Notice (MSN) than previously.

More Definitions of Standstill Notice

Standstill Notice means a notice delivered by the Trustee pursuant to clause (b) of Section 6.02 (Payment Blockage Provisions) hereof, to the Security Trustee (with a copy to the Issuer, the Junior Note Trustee and the New Bonding Facility Security Trustee) notifying the Security Trustee of a Standstill Event.

Standstill Notice means a written notice from or on behalf of the Agent to the Trustee stating that an Event of Default has occurred and stating that such written notice is a “Standstill Notice”.

Standstill Notice means a written notice from Senior Agent to Junior Agent stating that a Senior Default has occurred and is continuing and stating that it is a “Standstill Notice”.

Standstill Notice means a written notice from any Second Lien Creditor to First Lien Creditor identified by its terms as a “Standstill Notice” for purposes of this Agreement stating one or more of the following: (a) a Second Lien Default has occurred and is continuing and that, as a consequence thereof, such Second Lien Creditor has accelerated the Second Lien Obligations, (b) a Second Lien Default resulting from the failure to pay (i) regularly scheduled interest or (ii) any mandatory prepayment, in either case, that is required to be paid pursuant to the terms of any Second Lien Credit Agreement (as in effect on the date hereof or as amended as permitted hereby) has occurred and is continuing, or (c) a Second Lien Default resulting from the breach by the Debtor of any other covenant of any Second Lien Credit Agreement (as in effect on the date hereof or as amended as permitted hereby) or any other Second Lien Document.

Standstill Notice shall have the meaning set forth in paragraph 8.04(d) below.

Standstill Notice has the meaning set forth in Section 2(e).

Standstill Notice shall have the meaning set forth in Section 6.4.