Actionable Default means the occurrence of any of the following:
Actionable Default means an Event of Default described in clauses (a), (g) and (h) of Section 6.01.
Actionable Default means (i) an Event of Default under and as defined by the Credit Facility Agreement or (ii) an event of default under the Public Indenture.
Examples of Actionable Default in a sentence
The foregoing license is granted subject to the conditional limitation that no Actionable Default shall have occurred and be continuing.
The right of sale arising out of any Actionable Default shall not be exhausted by any one or more sales.
The patients choose which image correspondents most with their health problem to start the self- triage.
Subject to the terms of Section 5.2(g), the Collateral Agent shall take such action or refrain from taking such action as the Collateral Agent shall be directed pursuant to a Notice of Actionable Default.
Each Senior Creditor shall have the right to issue a Notice of Actionable Default.
More Definitions of Actionable Default
Actionable Default is defined in the Collateral Trust Agreement.
Actionable Default has the meaning specified in Section 4.01.
Actionable Default shall have the meaning assigned to such term in the Security Agreement.
Actionable Default has the meaning set forth in the Intercreditor Agreement.
Actionable Default means (1) the failure to pay any payment of principal of or interest on any Series of Secured Debt outstanding in the amount of $50.0 million or more resulting in an event of default under the applicable Series of Secured Debt after payment is due, including payments that are due (or if any required offer had been timely made would be due) in respect of any mandatory offer to purchase Parity Secured Debt resulting in an event of default under the applicable Series of Secured Debt, (2) the failure to pay in full, when due and payable in full (whether at maturity, upon acceleration or otherwise), either the Existing Notes, the Credit Agreement Debt or any other Series of Secured Debt (including the Xxxxxx Xxxx Guarantees and the 2014 Notes) outstanding in the amount of $50.0 million or more, (3) the exercise by the Collateral Trustee or any of its co-trustees or agents (including the Credit Agreement Agent) of any right or power that is exercisable by it only upon default to take sole and exclusive dominion or control over any deposits in a deposit account, commodity contract in a commodity account or financial asset in a securities account constituting any Shared Collateral or the delivery of any instructions to the Collateral Trustee directing it to foreclose or otherwise enforce, or to disburse the proceeds of enforcement of, any Lien upon any Collateral, or (4) the occurrence of any Event of Default under the Existing Indentures or the Credit Agreement arising from the commencement of any bankruptcy case, receivership or other insolvency or liquidation proceeding by or against the Company or any of its Subsidiaries or any similar default provision at any time in effect under any indenture or agreement governing any Series of Secured Debt.
Actionable Default means (i) any Event of Default or (ii) any event of default under and as defined in any agreement pursuant to which Additional Indebtedness is Incurred; provided that only those events which give the Holders or the holders of Additional Indebtedness, as the case may be, the right to accelerate Indebtedness or result in the automatic acceleration of Indebtedness, including after notice or passage of time or both, shall be an Actionable Default.
Actionable Default means (i) an “Event of Default” under and as defined by the Credit Agreement; (ii) an event of default under the Public Indenture; or (iii) an event of default under the Issuing and Paying Agency Agreement, or (iv) a default under the terms of the Collateral Trust Agreement; or (v) Mortgagor shall at any time deliver or cause to be delivered to Mortgagee or to Credit Facility Agent a notice pursuant to 42 Pa. C.S.A. § 8143 electing to limit the indebtedness secured by this Mortgage.