Existing Events of Default definition

Existing Events of Default has the meaning set forth in the second preliminary statement.
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Existing Events of Default means those events of default set forth on Schedule 2 attached to the Forbearance Agreement.
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Existing Events of Default means, in relation to a Facility, the provision(s) identified as such in Schedule 9 (The Facilities).
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Examples of Existing Events of Default in a sentence

  • Certain Events of Default occurred under the Credit Agreement and, as a result thereof, Lender and Borrowers entered into that certain Forbearance Agreement dated as of March 29, 2009 (as amended modified, supplemented or restated from time to time, the “Forbearance Agreement”), whereby Lender agreed to forbear from exercising certain of its rights and remedies available under the Loan Documents as a result of the Existing Events of Default.

  • Each Loan Party acknowledges and agrees that the Existing Events of Default have occurred and are continuing.

  • The occurrence of any Event of Default under the Financing Agreement or any other Loan Document, other than the Existing Events of Default.

  • Each Loan Party acknowledges and agrees that the Agents and the Lenders have not waived the Existing Events of Default or any other Event of Default.

  • Subject to the other terms and conditions of this Agreement, the Lenders hereby waive the Existing Events of Default.


More Definitions of Existing Events of Default

Existing Events of Default means the following:
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Existing Events of Default means, collectively, the Third Forbearance Events of Default under and as defined in the Third Forbearance Agreement.
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Existing Events of Default means the Events of Default (as defined in the Existing Credit Agreement) that to the knowledge of the DIP Lender existed as of the date of Filing Date, with
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Existing Events of Default means and include (i) the Borrower's failure to comply in all respects with Section 5.42 in respect of the Mortgaged Real Property, (ii) Borrower's failure to comply in all respects with the Financial Covenants, and (iii) the Borrower's failure to comply in all respects with one or more of the conditions to the Waivers.
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Existing Events of Default. The Borrower has had actual knowledge of all of the Existing Events of Default, and acknowledges that it is unable to cure all of the Existing Events of Default as required under the Bond Documents. Therefore, the Borrower has waived (and waives hereunder) any right under the Bond Documents, including without limitation under Section 10.01(c) of the Loan Agreement, both to separate written notice from the Trustee of the Existing Events of Default and to a cure period, whether of thirty or ninety days, prior to any of the Existing Events of Default constituting Events of Default under the Loan Agreement and other Bond Documents.
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Existing Events of Default. (as defined in the Forbearance Agreement) shall also include the following Defaults and Events of Default under the Credit Agreement: (i) the failure to make the amortization payments due prior to the expiration of the Forbearance Period, and (ii) the failure to meet the financial covenants set forth in Sections 8.09, 8.10, 8.11, 8.12 and 8.13 of the Credit Agreement for any fiscal quarter ending prior to the expiration of the Forbearance Period.
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Existing Events of Default shall have the meaning ascribed to such term in the recitals of the Forbearance Agreement.
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