Senior Event of Default definition

Senior Event of Default means an Event of Default under a Senior Financing Agreement.
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Senior Event of Default means an “Event of Default” or similar term under and as defined in the Senior Loan Documents.
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Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.
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Examples of Senior Event of Default in a sentence

  • Nothing contained herein shall prohibit Mezzanine Lender from making Protective Advances (and adding the amount thereof to the principal balance of the Mezzanine Loan) notwithstanding the existence of a Senior Event of Default.

  • Any collection, sale, or other disposition of any Collateral by Senior Lender after a Senior Event of Default shall be conclusively presumed to be commercially reasonable if Senior Lender conducts such collection, sale, or other disposition in a manner consistent with its normal and customary business practices.

  • If a Senior Event of Default or such monetary Senior Default occurs and is continuing, Prime shall not be entitled and shall not accept any payment or prepayments (whether by acceleration, set-off or otherwise) on the Junior Indebtedness, such payments to be held and distributed, if received, in accordance with Section 4.

  • Senior Lender shall, within three Business Days after its knowledge of such occurrence, (i) provide a copy to Subordinated Lender of any Payment Blockage Notice, (ii) give written notice of the occurrence of a Senior Event of Default and (iii) give written notice to Subordinated Lender of the expiration of any payment blockage effected pursuant to Section 7.

  • So long as the Senior Loan is outstanding, provided no Senior Event of Default has occurred and is continuing, Borrower shall use its best efforts to enforce the cash distribution priorities and procedures set forth in Section 3.3 and Article IV of the Senior Cash Management Agreement.


More Definitions of Senior Event of Default

Senior Event of Default means any event of default (howsoever described) under any Senior Document.
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Senior Event of Default means the occurrence and continuation of any Event of Default pursuant to the terms of the Senior Loan Agreement or other Senior Debt Documents.
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Senior Event of Default means an event of default, other than a Senior Payment Default, that occurs and is continuing with respect to Senior Indebtedness that permits the holders thereof to accelerate the maturity of such Senior Indebtedness.
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Senior Event of Default means any "Event of Default" as defined by the Senior Credit Agreement (which definition is incorporated herein by reference) or any event or condition, howsoever defined, under any replacement or refinancing facility that would give any holder of the Senior Debt, or the Agent or any other agent on behalf of any such holder, the right to accelerate the Senior Debt or any portion thereof.
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Senior Event of Default means any event of default (howsoever described) under any Senior Document. “Senior Event of Review” means any event of review (howsoever described) under any Senior Document.
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Senior Event of Default shall have the meaning assigned to the term "Event of Default" in the Senior Credit Agreement.
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Senior Event of Default has the meaning specified in Section 1301.
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