Notes Default definition

Notes Default means any “Event of Default,” as such term is defined in the Notes Documents.
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Notes Default means an “Event of Default” as such term is defined in the Indenture.
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Notes Default means an “Event of Default” as defined in the Indenture or any similar event or condition set forth in any other Indenture Pari Passu Lien Document which causes, or permits holders of the applicable Notes Pari Passu Lien Obligations outstanding thereunder to cause, the Notes Pari Passu Lien Obligations outstanding thereunder to become immediately due and payable.
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Examples of Notes Default in a sentence

  • Result Points Possible Points Earned 50 10 0 0 Measure 1d Default Notes Default Meets Standard: School is not in default of financial obligations.

  • The Borrower has informed the Administrative Agent of the existence of the Kanas Notes Default and now seeks a waiver by the Lenders of the Event of Default which exists as a result thereof under Section 8.01(h) of the Credit Agreement (the "Kanas Default").

  • An Event of Default is defined in the Indenture generally as: Default for 30 days in payment of interest on the Promissory Notes or the Promissory Notes; Default in payment of Principal on them; failure by the Company for 30 days after notice to it to comply with any of its other agreements in the Indenture or the Promissory Notes or the Promissory Notes; certain events of bankruptcy or insolvency of the Company or any of its Subsidiaries; and certain Defaults on other indebtedness.

  • An Event of Default is defined in the Indenture generally as: Default for 30 days in payment of interest on the Notes; Default in payment of Principal on them; failure by the Company for 30 days after notice to it to comply with any of its other agreements in the Indenture or the Notes; certain events of bankruptcy or insolvency of the Company or any of its Subsidiaries; and certain Defaults on other indebtedness.

  • All amounts payable by Pledgor under this Section 11 shall be due upon immediate demand, shall bear interest from the date advanced to the date of repayment thereof at a rate of 2% in excess of the highest rate payable uncle the Notes ("Default Rate"), and shall be part of the Secured Obligations.

  • If the Series A Notes (including all accrued and unpaid interest and fees thereon) are not paid in full on or prior to December 31, 1998, then commencing on December 31, 1998 and on the last day of each calendar month thereafter until such time as the Series A Notes shall have been so paid in full, the Company will deliver to the holders of the Series A Notes Default Warrants for 70,000 Common Shares.

  • Under the terms of the Senior Loan Documents, a Bridge Notes Default constitutes a cross default or event of default under the Senior Loan Documents (the "Specified Default").

  • Security Documents enforcement) in relation to a Relevant High Yield Notes Default even if, at the end of any relevant High Yield Notes Standstill Period or at any later time, a further High Yield Notes Standstill Period has begun as a result of any other High Yield Notes Default.

  • The Administrative Agent shall not be deemed to have knowledge of any Servicer Termination Event, Mandatory Redemption Event relating to the Series 2007-2 Notes, Trigger Reserve Event relating to the Series 2007-2 Notes, Default or Event of Default unless the Administrative Agent has received notice from the Co-Issuers, any Conduit Investor, any Committed Note Purchaser or any Funding Agent.

  • Promptly upon becoming aware of a HY Notes Default, any HY Noteholders Trustee may by notice (a "HY Notes Default Notice") in writing notify the Applicable Representative of the existence of such HY Notes Default.


More Definitions of Notes Default

Notes Default means an “Event of Default” or equivalent term under any Third Lien Notes Documents governing any obligations under the Third Lien Notes Documents.
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Notes Default means an event of default (however described) under any Notes Indenture.
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Notes Default any Event of Default" (as defined in the Amended and Restated Note Purchase Agreement) under the Amended and Restated Note Purchase Agreement regardless of any waiver thereunder, or
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Notes Default means an Event of Default under any Notes Indenture other than any such Event of Default arising solely by reason of a cross default (other than a cross default which is a payment default) to any Senior Finance Document.
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Related to Notes Default

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Indenture Default means any occurrence that is, or with notice or the lapse of time or both would become, an Indenture Event of Default.

  • cross-default obligation means a term of any agreement or arrangement whereby the Appointee's liability to pay or repay any debt or other sum arises or is increased or accelerated by reason of a default of any person other than the Appointee.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.