Cross Defaults definition

Cross Defaults. Shall not contain any cross-default provisions or cross-acceleration provisions any more onerous to Fleetwood than the terms of the 2003 Subordinated Debentures or as may be reasonably acceptable to the Agent Closing Date: On or prior to December 31, 2008 Use of Proceeds: To repay in part or in full (or in partial or complete satisfaction of any put, redemption or prepayment obligation in respect of) the 2003 Subordinated Debentures. Issuer: Fleetwood Enterprises, Inc. Securities: 2008 Senior Secured Debentures.
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Cross Defaults means any event of default under Section 6.01(6) of the Indenture other than as a consequence of the termination of any Third Party Forbearance Agreement prior to March 31, 2016.
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Examples of Cross Defaults in a sentence

  • No Default or Event of Default exists under any of the Loan Documents other than the Cross Defaults.

  • Buyer's Initials /s/ DW Seller's Initials /s/ GKH 8.3 Cross Terminations and Cross Defaults.

  • During the Forbearance Period, the Holders shall not take any action to accelerate any Indebtedness under the Indenture nor take any enforcement action or exercise any remedies, or direct that the Trustee take any action to accelerate any Indebtedness under the Indenture or any enforcement action or exercise any remedies whatsoever with respect to the Payment Default or any Cross Defaults (such forbearance from any enforcement action or exercise of remedies, the "Forbearance").

  • The Cross Defaults and the Principal Default are hereinafter sometimes collectively referred to as the "Continuing Defaults".

  • PFG hereby waives the Events of Default arising out of the Cross Defaults.

  • The EBITDA Default, the Reserve Default, the Financial Information Defaults and the Cross Defaults constitute "Actionable Other Defaults" as such term is defined under the Intercreditor Agreement.

  • The Credit Agreement Cross Default and the Indenture Cross Default, together with such additional defaults as may have occurred or as may hereafter occur under the Credit Agreement or the Convertible Note Indenture, and together with such Defaults or Events of Default as may have occurred or as may hereafter occur under Section 10.1(f) of the Note Purchase Agreements, are hereinafter sometimes collectively referred to as the "Cross Defaults".

  • Buyer's Initials /s/ DW Seller's Initials /s/ GKH 8.3 Simultaneous Closings, Cross Terminations and Cross Defaults.

  • Borrower acknowledges that it is currently in default under the Loan Agreement due to the Specified Defaults and the Cross Defaults.

Related to Cross Defaults

  • Cross Default is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period);

  • 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.

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

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).