Covenant Default definition

Covenant Default means an Event of Default described in clause (c) and (d) of the section “SUMMARY OF CERTAIN PROVISIONS OF THE INDENTURE – Events of Default.”

Covenant Default has the meaning specified in Section 5.15.

Covenant Default has the meaning provided in Section 20(a)(vi).

Examples of Covenant Default in a sentence

• Notwithstanding the foregoing, throughout the period of time during which the Guarantor is a Public Filer, notice of any Debt Covenant Default by Guarantor shall be deemed given to Landlord in satisfaction of Guarantor’s obligations hereunder if such Debt Covenant Default is disclosed in a form 8-K filed by Guarantor or in any other publicly available information filed with, at the direction of, or pursuant to the requirements of, the Securities and Exchange Commission.

• Subject to the conditions contained herein and performance by Borrower of all of the terms of the Loan and Security Agreement after the date hereof, Bank waives the Covenant Default.

• Xxxxx prompt notice of any Event of Default or Financial Covenant Default under the Loan Agreement or any of the other Loan Documents of which the Bank becomes aware but the failure of the Bank to promptly deliver any such notice will not affect any of the rights or obligations of the parties under this Agreement.

• In the event that the Company shall fail to comply with any of the covenants or other agreements contained in any agreement or instrument relating to Senior Debt or an event of default shall occur with respect to Senior Debt other than a Payment Default, which default or event of default shall not have been cured or waived (a "Covenant Default"), the Company shall give prompt written notice of such Covenant Default to the Holder.

• The term "NON-COVENANT DEFAULT" means an Event of Default other than a Financial Covenant Default.

More Definitions of Covenant Default

Covenant Default means, with respect to any Guarantor, that either (i) such Guarantor fails to perform or observe any term, covenant or agreement contained in Section 10(b) of this Guaranty Agreement or (ii) such Guarantor fails to perform or observe any agreement or covenant contained in Section 10(a) of this Guaranty Agreement, and, in the case of this clause (ii), such failure shall not be remedied within 30 days after any Responsible Officer of such Guarantor obtains actual knowledge thereof.

Covenant Default means (i) a material breach or violation by the ---------------- Corporation of any of the terms or provisions set forth in this Article IV(B) (other than any such breach or violation of Sections 8(b) or 8(c) hereof, or constituting either a Financial Default or a Dividend Default), which breach or violation remains uncured 30 days after written notice thereof is given to the Corporation or (ii) any breach or violation of Sections 8(b) or 8(c) hereof.

Covenant Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

Covenant Default shall have the meaning specified in section 1.4. -------- -------

Covenant Default means a default in the performance, or breach, of any covenant or warranty of the Company in the Indenture (other than a covenant or warranty that has been included solely for the benefit of Securities of another series), and a continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee, or to the Company and the Trustee by the Holders of a majority in principal amount of the Outstanding Securities of such series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default.”

Covenant Default means the failure of the Company to comply with Sections 8(a) or 8(b) if such failure continues unremedied for 120 days and commencing at the end of such 120-day period.

Covenant Default means any Event of Default (other than a Payment Default) with respect to any Sanwa Debt which is described in the definition of "Event of Default" in the Sanwa Loan Agreement (excluding clauses (f), (g),(h) and (j) thereof).