Triggering Default has the meaning specified in Section 6.01.
Triggering Default means an Event of Default under Sections 10.1(a), (b), (f), (g), (h), (i), (j), (m), or (q).
Triggering Default means (i) a “Default” as such term is defined in the Georgia Agreements (other than a Default that results from the failure of the TW Parties to perform their obligations with respect to an Accelerated Put as described in Section 4.3 hereof), (ii) a “Default” as such term is defined in the Texas Agreements (other than a Default that results from the failure of the TW Parties to perform their obligations with respect to an Accelerated Put as described in Section 4.3 hereof), (iii) [reserved], (iv) a default by any of the Holdco Parties of their covenants, agreements or obligations hereunder (other than an immaterial default that can be cured upon notice), (v) a failure by the Holdco Parties to pay any amounts owed to the TW Parties hereunder or to otherwise reimburse the TW Parties for any amounts paid by either of such parties under the Georgia Guarantees or the Texas Guarantees, (vi) a default by any of the Holdco Parties (or their successors in interest) in the observance or performance of any covenant, agreement or obligation on its part to be performed or observed under that certain Acquisition Company Liquidity Agreement, dated as of December 8, 2006, by and among the Holdco Parties (or their successors in interest), the TW Parties and the Acquisition Companies, (vii) if Holdco, SFEC, SFTP or any Subsidiary of SFEC that owns or operates a park (each, a “Specified Holdco Party”) becomes subject to a chapter 7 bankruptcy case or any other proceeding providing for its liquidation, dissolution or winding up, (viii) the appointment of a trustee, examiner, liquidator or the like with respect to any Specified Holdco Party or all or any substantial part of a Specified Holdco Party’s property, (ix) an “Event of Default” as such term is defined in the Acquisition Company Credit Agreement, or (x) a default by any of the Holdco Escrow Parties in the observance or performance of any covenant, agreement or obligation to be performed or observed by them under that certain Escrow Waiver Agreement, dated as of April 30, 2010, by and among the parties hereto and the Acquisition Subsidiaries (as the same may be amended, amended and restated, modified or otherwise supplemented from time to time); provided, however, that (A) for purposes of the definition of “Triggering Default” and notwithstanding any provision to the contrary, a Triggering Default (other than due to a Specified Default), shall be deemed to continue in perpetuity from the date of its occurrence and the H...
Examples of Triggering Default in a sentence
While a Triggering Default exists or during such time that Lender is exercising remedies pursuant to S ection 10.2. (a) hereof, (i) Agent may, at its option, apply sums in the Lockbox Account to pay directly to the ultimate payee thereof some or all of the payments described in S ection 8.21.
More Definitions of Triggering Default
Triggering Default has the meaning set forth in the Subordinated Indemnity Agreement.
Triggering Default means (i) a "Default" as such term is defined in the Georgia Agreements (other than a Default that results from the failure of the TW Parties to perform their obligations with respect to an Accelerated Put as described in Section 4.3 hereof), (ii) a "Default" as such term is defined in the
Triggering Default means the occurrence or existence of any event of default in respect of the Junior Debt under the Junior Creditor Agreements, which remains uncured and unwaived or otherwise continues beyond the expiration of the Standstill Period hereunder with respect to such event of default.
Triggering Default means the intentional and systematic breach by a holder of Class B Common Stock or any of its Affiliates (a "BREACHING PARTY") of any obligation under Sections 2.1(a) or 2.1(b) of the Charter Associate Agreement, if such breach is not cured within forty-five (45) days following written notice by the Board of Directors to such holder at its address specified in the Corporation's stock ledger, identifying such breach, and following such 45th day (but in no event more than thirty (30) days after such 45th day), the Board of Directors determines that such breach has not been cured. For purposes of this definition, "cured" shall mean the discontinuation by the breaching party of the actions or practice resulting in the noticed breach of its obligations under Sections 2.1(a) and 2.1(b) of the Charter Associate Agreement within forty-five (45) days of notice thereof, and shall not require remedy of the historic breach.
Triggering Default has the meaning set forth in Section 9 hereof.
Triggering Default means the intentional and systematic breach by a holder of Class B Common Stock or any of its Affiliates (a "BREACHING PARTY") of any obligation under (i)
Triggering Default means any Event of Default as to which the Agent has given the Borrowing Agent written notice of such Event of Default; provided, however, an Event of Default pursuant to Section 12(g) shall be considered a Triggering Default without the requirement that written notice thereof be provided to the Borrowing Agent.