Additional Event of Default definition
Additional Event of Default means Transactional Cross Default or Indebtedness Cross Default, each as and if selected by the parties pursuant to the Base Contract.
Additional Event of Default. Not Applicable. Applicable specified in Part 1(h) (Acceleration of Notes)
Additional Event of Default means an additional Event of Default specified in Section 8.1(i) of the Cover Sheet (if any).
Examples of Additional Event of Default in a sentence
SECTION 5.1 Limitation on Liens 11 SECTION 5.2 Restriction on Sale-Leasebacks 11 SECTION 6.1 Additional Event of Default 12 SECTION 7.1 Ratification of Base Indenture 12 SECTION 7.2 Trustee Not Responsible for Recitals 12 SECTION 7.3 Table of Contents, Headings, etc.
Additional Event of Default......................................................................
Borrower, Lenders and Loan Agent acknowledge that the Forbearance Agreement (to which Lenders and Loan Agent have consented) restricts the payment by Borrower and receipt by Lenders and Loan Agent of certain interest payments upon the occurrence of an Additional Event of Default (as defined in the Forbearance Agreement).
Section 501 Additional Event of Default; Acceleration of Maturity.
DEFAULT SECTION 4.1 General 19 SECTION 4.2 Additional Event of Default 19 ARTICLE V.
More Definitions of Additional Event of Default
Additional Event of Default means either (i) the Borrower’s failure to comply with any term or condition of this Agreement or (ii) the occurrence of an Event of Default other than the Specified Defaults, whether the same occurred before, on, or after the Fifth Amendment Date.
Additional Event of Default with respect to either party (in such case, the “Defaulting Party”): (a)any representation or warranty made by such party herein is false in any material respect when made (or when deemed to have been made) and, if such falsity is capable of being remedied, is not remedied within forty-five (45) days after the Defaulting Party’s receipt of written notice from the Non-Defaulting Party; (b)the failure to perform any material covenant or obligation set forth in this Contract if such failure is not reasonably remedied within forty-five (45) days after the Defaulting Party’s receipt of written notice from the Non-Defaulting Party, which time period will be extended if the Defaulting Party is making diligent efforts to cure such failure to perform, provided that such extended period will not exceed an additional forty-five (45) days unless otherwise agreed; (c)such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all of its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer, the resulting, surviving or transferee entity fails to assume all the obligations of such party under this Contract to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the other party. with respect to Seller as the Defaulting Party, the occurrence of any of the following: (d)if at any time during the Delivery Period, Seller delivers or attempts to deliver to the Delivery Point for sale under this Contract Gas that was not produced by the Facility; (e)Seller fails to deliver [one hundred and sixty percent (160%)]14 of the total Annual Contract Quantity over a rolling twenty-four (24) month period; provided, and notwithstanding anything to the contrary in this Contract, it shall not be an Additional Event of Default by Seller for a failure to perform a Firm obligation to deliver Gas so long as Seller delivers such amount during such period; (f)Seller fails to satisfy the COD Delivery Requirement.
Additional Event of Default. Not Applicable. Applicable specified in Part 1(h) (Acceleration of Group I Notes)
Additional Event of Default means an additional Event of Default specified in the Cover Sheet (if any).
Additional Event of Default means Transactional Cross Default or Indebtedness Cross Default, each as and if selected by the parties pursuant to the Base Contract.2
Additional Event of Default means: [specify if applicable]
Additional Event of Default. The Company has not completed each Private Convertible Note Exchange by June 30, 2016 (other than by reason of a material breach of the relevant Transaction Support Agreement by the relevant Supporting Convertible Noteholder). Registration Rights All shares of Company Common Stock issued in connection with the Secured Note Exchange Offer will have customary shelf registration rights pursuant to a customary registration rights agreement (the “Registration Rights Agreement”). The Registration Rights Agreement will permit all legal means of monetizing the Company Common Stock by the selling stockholders. Pursuant to the Registration Rights Agreement, the Company shall file a registration statement (the “Registration Statement”) on Form S-3 (or another appropriate form, if Form S-3 is unavailable) to register the resale of such Company Common Stock not later than the fifth business day after the date it files its Annual Report on Form 10-K for the year ended December 31, 2015 and seek to have it declared effective by the SEC as soon as practicable thereafter. The New Secured Notes will not have registration rights.