Designated Defaults definition

Designated Defaults has the meaning set forth in the Recitals hereof.

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Designated Defaults means the Default or Event of Default arising directly from the failure of the Borrowers (as defined in the First Lien Credit Agreement) to make the interest payment that the First Lien Credit Agreement requires to be paid on February 28, 2020.

Designated Defaults means any default arising from failure to perform or comply with Sections 4.01, 4.04, 4.05, 4.06, 4.14, 4.15, 4.16, 4.17, 4.18, 4.20 and 5.01 of the Indenture, dated as of January 19, 2001, as supplemented by the Supplemental Indenture, dated as of November 18, 2004 and the Second Supplemental Indenture, dated as of January 27, 2005 and of the Indenture, dated as of November 14, 2001, as supplemented by the Supplemental Indenture, dated as of November 18, 2004 and the Supplemental Indenture, dated as of January 27, 2005.

Examples of Designated Defaults in a sentence

• The representations and warranties contained herein shall be true and correct in all material respects as of the date hereof, and no Default or Event of Default, other than the Designated Defaults, shall exist on the date hereof.

• Each Credit Party hereby acknowledges and agrees that the first to occur of the Designated Defaults occurred no later than January 1, 2015 and have continued to date.

• The Company acknowledges that, as a result of the Designated Defaults, the Bank is no longer obligated to make Revolving Loans under the Loan Agreement.

• Except in respect of the Designated Defaults, all representations and warranties contained in the Loan Documents are true and correct as of the date of this Agreement.

• Lender hereby waives the Designated Defaults in existence on the date hereof.

More Definitions of Designated Defaults

Designated Defaults means the Events of Default occurring as a result of (i) Guarantor’s failure to maintain the required Net Worth pursuant to Section 9.18 of the Loan Agreement, (ii) Guarantor’s failure to maintain the required Liquidity pursuant to Section 9.19 of the Loan Agreement, (iii) Borrower’s failure to pay in cash interest as set forth in the Loan Agreement pursuant to Section 11.01(a) of the Loan Agreement, (iv) Borrower’s failure to make any Swap Payment pursuant to Section 11.01(s) of the Loan Agreement and (v) Borrower’s failure to pay amounts due on the Maturity Date.”

Designated Defaults means the following Defaults or Events of Default that have occurred as of the date of this Agreement and are continuing under the Note Purchase Agreement:

Designated Defaults as used herein include:

Designated Defaults has the meaning set forth in Section 2.2(a) hereof.

Designated Defaults means the following Defaults and Events of Default of which the Company has notified the Administrative Agent and that exist on the date of this Amendment under the Credit Agreement or the ISDA Agreement (provided that the term "Designated Defaults" does not include any future Defaults or Events of Default that occur after the date of this Amendment, whether under the sections and subsections listed below or otherwise):

Designated Defaults means the existing Events of Default and the anticipated Events of Default more particularly identified on Exhibit A hereto.

Designated Defaults means the Events of Default occurring as a result of (i) Guarantor’s failure to maintain the required Net Worth pursuant to Section 9.18 of the Loan Agreement, (ii) Guarantor’s failure to maintain the required Liquidity pursuant to Section 9.19 of the Loan Agreement, (iii) Borrower’s failure to pay in cash interest as set forth in the Loan Agreement pursuant to Section 11.01(a) of the Loan Agreement, (iv) Borrower’s failure to make any Swap Payment pursuant to Section 11.01(s) of the Loan Agreement.