Enumerated Defaults definition

Enumerated Defaults means (a) any failure to meet any of Milestones 1(a), 2(a) (unless the Consenting Lenders have notified the Company Parties of the reasons why any proposed plan is not an acceptable plan and the Company Parties have failed to cure such defects within a reasonable amount of time), 2(b)–(d), 3(b)(ii)–(v), (4)(b), and 4(c), provided that no court of competent jurisdiction has determined by final, non-appealable order that the actions or omissions of the Company Parties or the Consenting Sponsor, as applicable, materially contributed to the failure to meet the applicable Milestone; (b) failure to meet any of the Budget Covenants (as defined in the Cash Collateral Orders) if such failure is the result of events that are outside of the control of the Company Parties and the Consenting Sponsor, including, but not limited to, unplanned outages (for the avoidance of doubt, solely to the extent resulting from events that are outside the control of the Company Parties and the Consenting Sponsor), any orders or rulings in connection with the PJM Litigation, and any increase in Total Professional Fee Disbursements (as defined in the Cash Collateral Orders) due to actions taken at the request of, or with the consent of, Consenting Lenders; (c) any action or omission giving rise to the following Events of Default (as defined in the Cash Collateral Orders) enumerated in paragraph 8 of the Cash Collateral Orders:
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Enumerated Defaults means the failure of any Loan Party to comply with the terms of SECTION 2.18(c)(ii), SECTION 2.18(d), SECTION 2.18(e), SECTION 2.18(f), or SECTION 2.18(h) or the occurrence of any Event of Default specified in SECTION 7.01(a), SECTION 7.01(b), SECTION 7.01(h), or SECTION 7.01(i).
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Enumerated Defaults has the meaning set forth in Section 9.3(a)."
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Examples of Enumerated Defaults in a sentence

  • The Borrower and each of the Guarantors waives notice of intent to accelerate, opportunity to cure, and notice of acceleration with respect to the Enumerated Defaults and any future Events of Default.

  • The occurrence of any Default or Event of Default under any one or more of the Loan Documents other than the Enumerated Defaults.

  • Each Obligor confirms that no existing purchase money Debt will be paid or prepaid while an Event of Default (other than the Enumerated Defaults during the Forbearance Period) exists or would, after giving effect to such payment or pre-payment, exist and the Borrower will not amend or modify the existing terms of such Debt without the Lender’s prior written consent.

  • The Borrower acknowledges, confirms and agrees that (i) since February 28, 2009, a Default Period exists and (ii) the Borrower has failed to comply with at least the Enumerated Defaults, each of which presently constitutes an Event of Default and entitles the Lender to exercise its rights and remedies under the Credit Agreement and the other Loan Documents and other rights and remedies available under applicable law.

  • The Specifically Enumerated Defaults and the Current Defaults are, collectively, the "Existing Defaults".

  • Other than with respect to the Enumerated Defaults, no condition is present which presently does or, with the lapse of time or the giving of notice, or both, would constitute an Event of Default.


More Definitions of Enumerated Defaults

Enumerated Defaults means the commencement of the Chapter 11 Case and the other events described in Schedule 8 hereto.
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Enumerated Defaults means the commencement of the Case and the other events described in Schedule 8.01 hereto.
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