Specified Defaults. For purposes of this Agreement, the term “Specified Defaults” shall mean the following, collectively, and the term “Specified Default” shall mean any of the following:
Specified Defaults. The occurrence of any event expressly stated to constitute an Event of Default under this Sublease.
Specified Defaults. Borrowers have requested that Administrative Agent and the Lenders waive the Specified Defaults. Subject to the terms and conditions of this Amendment, Administrative Agent and the Lenders hereby waive the Specified Defaults.
Specified Defaults. It is understood and agreed by the Parent, the Borrower and TDC Energy LLC, a Louisiana limited liability company (“Guarantor”), that, notwithstanding Section 1(a) above, the Specified Defaults constitute one or more Defaults and Events of Default for all purposes of the Loan Documents.
Specified Defaults. Failure of Borrower to comply with any of the Financial Covenants and the expiration of 30 Business Days after written notice from Lender.
Specified Defaults. Each of the Specified Defaults shall be deemed to be an Event of Default (other than the events described in items 2 and 3 on Exhibit A, until the holders of the Senior Subordinated Notes (or the trustee on behalf of such holders) shall have the right to accelerate the Senior Subordinated Notes), from and after the Second Forbearance Termination Date.
Specified Defaults. Agent and Lender have notified, or hereby notify, the Company, that Company has failed to comply with following covenants:
Specified Defaults. Each Obligor acknowledges that Borrower is in default under the following sections of the Loan Agreement:
Specified Defaults. Failure of Borrower to comply with the requirements set forth in the following Sections: (i) Section 6.4 (financial reporting requirements), (ii) Article 7 (financial covenants); or (iii) and the negative covenants of Article 8; provided, however, in the event Lender determines that any default by Borrower of the foregoing sections is curable by Borrower, then Borrower shall have fifteen days after written notice from Lender thereof to cure such default.
Specified Defaults. The definition of “Specified Defaults” contained in the recitals to the Forbearance Agreement is hereby amended to include any Default or Event of Default which occurs under Section 5(a)(ii)(1), 5(a)(iii)(1) or 5(a)(vi) of the Master Agreement due to the failure of the Loan Parties (as defined in the Credit Agreement) to pay the installment of principal due under the Credit Agreement on December 31, 2010.
