Subordinated Debt Default means a default in the payment of the Subordinated Debt or in the performance of any term, covenant or condition contained in the Subordinated Debt Documents or any other occurrence permitting Subordinated Creditor to accelerate the payment of, put or cause the redemption of all or any portion of the Subordinated Debt or any Subordinated Debt Document.
Subordinated Debt Default means a default in the payment of the Subordinated Debt or in the performance of any term, covenant or condition contained in the Subordinated Debt Documents or any other occurrence permitting Subordinated Creditor to accelerate the payment of all or any portion of the Subordinated Debt.
Subordinated Debt Default means any “Event of Default” under the Subordinated Loan Documents.
Examples of Subordinated Debt Default in a sentence
Subordinated Creditor hereby agrees to deliver a Subordinated Debt Default Notice to Senior Agent promptly following the occurrence of any Subordinated Debt Default.
All amounts received by Borrower after the date of a Travmed Subordinated Debt Default and (i) from an Account Debtor of Travmed USA, Inc.
In the event of a Subordinated Debt Default that Debtor does not cure within the time periods allowed under the Subordinated Debt Instrument, Subordinated Creditor shall notify the Senior Creditors but shall not take further action the Debtor.
Notwithstanding anything in Section 15(d) to the contrary, the occurrence of a Travmed Subordinated Debt Default.
Nothing herein set forth shall alter or restrict the rights of Subordinated Creditor to declare that a default has occurred as defined within or as permitted under the Subordinated Debt Instrument (a "Subordinated Debt Default).
More Definitions of Subordinated Debt Default
Subordinated Debt Default means a default in the payment of the Subordinated Debt or in the performance of any term, covenant or condition contained in the Subordinated Debt Documents or any other occurrence permitting any Subordinated Creditor to accelerate the payment of, put or cause the redemption of all or any portion of the Subordinated Debt or any Subordinated Debt Document.
Subordinated Debt Default means any of the following (or any combination of the following): (i) a default or breach of or under any of the Subordinated Debt Documents, (ii) any event or circumstance that would become a default or breach on the Subordinated Creditor’s election or would become a default or breach after notice, the lapse of time, or on the satisfaction of any other condition, or all of the foregoing, (iii) the acceleration of any or all of the Subordinated Debt, or (iv) the maturity of the Subordinated Debt having a maturity date earlier than six months past the then Termination Date with respect to the Line of Credit.
Subordinated Debt Default means the occurrence of any of the following (or any combination of the following) other than as a result of the operation of the applicable subordination agreement or subordination provisions: (i) a default or breach of or under any of the Subordinated Debt Documents, (ii) any event or circumstance that would become a default or breach on a Subordinated Creditor’s election or would become a default or breach after notice, the lapse of time, or on the satisfaction of any other condition, or all of the foregoing, or (iii) the maturity of the Subordinated Debt without the Subordinated Debt being fully paid, performed and satisfied.
Subordinated Debt Default means any “Event of Default” as that term is defined the Subordinated Loan Documents, or any condition or event that, after notice or lapse of time or both, would constitute such an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period set forth therein.
Subordinated Debt Default means any of the following (or any combination of the following): (a) a default or event of default by any Loan Party or any other obligor with respect to the Subordinated Debt Documents, after the lapse of any applicable notice and cure periods or (b) any acceleration of the Subordinated Debt in accordance with its terms.
Subordinated Debt Default means any default or event of default under or breach of any term contained in any Subordinated Debt Document, or any other occurrence permitting Subordinated Creditor to accelerate the payment of, put or cause the redemption of all or any portion of the Subordinated Debt.
Subordinated Debt Default as defined in subparagraph 5(b) of this Agreement.