Term Loan Default definition

Term Loan Default means any “Event of Default”, as such term is defined in any Term Loan Document.

Term Loan Default means an “Event of Default” (as defined in the Term Loan Agreement).

Term Loan Default means an “Event of Default” as such term is defined in the First Lien Term Loan Credit Agreement and in the Second Lien Term Loan Credit Agreement, as applicable.

Examples of Term Loan Default in a sentence

• Any principal payment with respect to the Term Loan not paid when due, whether on a Term Loan Payment Date or by acceleration, shall bear interest thereafter at a rate per annum of two percent (2.0%) over the Term Loan Applicable Rate in effect with respect to such payment at the time of such default (the "Term Loan Default Rate").

• If a 2016 Term Loan Advance is accelerated following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued and unpaid interest, (ii) the 2016 Prepayment Premium, (iii) the 2016 Final Payment, plus (iv) all other sums, if any, that shall have become due and payable hereunder, including interest at the 2016 Term Loan Default Rate with respect to any past due amounts.

• Upon and after the occurrence of an Event of Default, the Second Term Loan shall bear interest on its principal amount outstanding from time to time at a rate per annum (the "Second Term Loan Default Rate") equal to eleven and one-quarter percent (11.25%) per annum.

• Upon and after the occurrence of an Event of Default, the Fourth Term Loan shall bear interest on its principal amount outstanding from time to time at a rate per annum (the "Fourth Term Loan Default Rate") equal to five percent (5%) per annum over the Bank's Prime Rate, which shall be adjusted daily when and as the Bank's Prime Rate changes.

• Notwithstanding anything to the contrary contained in any of the Documents, after the occurrence of a Term Loan Default or Revolving Credit Default, as the case may be, or an Insolvency or Liquidation Proceeding, only the Agent with the senior Lien in the Collateral shall have the right to restrict or permit, or approve or disapprove, the sale, transfer or other disposition of such Collateral.

More Definitions of Term Loan Default

Term Loan Default means any “Event of Default” or similar term, as such term is defined under the Term Loan Documents.

Term Loan Default means an Event of Default under the Term Loan Financing Agreement.

Term Loan Default means any event, act or condition which with notice or lapse of time, or both, would constitute a Term Loan Event of Default.

Term Loan Default means Borrower's failure to pay the scheduled mandatory prepayment due June 25, 2001 in the amount of $468,750.00 with respect to the Term Loan (the "JUNE TERM LOAN PAYMENT") pursuant to Section 2.4(e) of the Credit Agreement.

Term Loan Default any “Event of Default”, as such term is defined in any Term Loan Document. Term Loan Documents: the Term Loan Collateral Documents, the Term Loan Agreement, the Term Loan Guaranty, and each of the other Loan Documents (as defined in the Term Loan Agreement), this Agreement, and each of the other documents entered into in connection with the Term Loan Agreement.

Term Loan Default means an “Event of Default” as defined in the Term Loan Agreement. “Term Loan Documents” means the Term Loan Agreement, the Collateral Documents and the “Other Documents” (as defined in the Term Loan Agreement) and each of the other agreements, documents, and instruments providing for or evidencing any Term Loan Obligation, and any other document or instrument executed or delivered at any time in connection with any Term Loan Obligations, as each may be amended, restated, supplemented, modified, renewed, Refinanced or extended from time to time in whole or in part in accordance with the provisions of this Agreement (whether with the Collateral Agent, the Term Loan Secured Parties or other agents and lenders or otherwise). “Term Loan Exclusive Mortgaged Property” means (a) the real property listed on Schedule 2 attached hereto and (b) any NY Real Property that, from time to time, may become subject to a Lien in favor of the Collateral Agent for the benefit of the Term Loan Secured Parties and (c) including improvements thereon, fixtures thereto, dedicated processing equipment used thereat (other than Rolling Stock), minerals contained therein before extraction, and substitutions, replacement products, insurance proceeds with respect to and after proceeds of the foregoing. “Term Loan Lenders” means, at any relevant time, the lenders party to the Term Loan Agreement at such time, any other “Term Loan Secured Parties” (as such term is defined in the Term Loan Agreement) and any other holder (if any) of the Term Loan Obligations; provided that the “Term Loan Lenders” shall not include the Term Loan Agent.. “Term Loan Obligations” means all “Obligations” as defined in the Term Loan Agreement. “Term Loan Obligations” shall include, without limitation (a) all interest accrued or accruing (or which would, absent commencement of an Insolvency Proceeding, accrue) after commencement of an Insolvency Proceeding in accordance with the rate specified in the relevant Term Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency Proceeding and (b) all other Indebtedness arising under or in connection with the Term Loan Documents that is purported to be secured under the Collateral Documents. 10 “Term Loan Priority Collateral” means all Collateral, other than the Revolver Priority Collateral, including, without limitation, the Term Loan Priority Mortgaged Property and the Term Loan Exclusive Mortgaged Property. “Term Loan Priority Co...

Term Loan Default means an “Event of Default” (as defined in any of the Term Loan Documents), which is no longer subject to any applicable cure or notice period.