Existing Defaults definition

Existing Defaults means (i) all Existing Defaults (as that term is defined in the Forbearance Agreements) and defaults with respect to other matters stated in the Forbearance Agreements, and (ii) the 2005 Tax Default.

Existing Defaults means, collectively, the Events of Default identified on Exhibit A hereto.

Existing Defaults means the Events of Default more particularly identified on Exhibit A hereto.

Examples of Existing Defaults in a sentence

• It is understood and agreed that this Letter Agreement does not waive or evidence consent to any default or Event of Default (including the Existing Defaults) under the Notes or the Loan Documents.

• Upon the terms and subject to the conditions set forth in this Amendment, the Lender hereby waives the Existing Defaults.

• During the Forbearance Period, the Outstanding Amount shall bear interest at the interest rate set forth under the Notes (8%); it being understood that the default rate shall apply upon the occurrence of any Event of Default (other than Existing Defaults) thereunder or upon termination of the Forbearance Period.

• Each Loan Party represents and warrants that as of the date hereof, no Events of Default exist other than the Existing Defaults.

• The Bank Group makes no representations as to what actions, if any, the Bank Group will take after the Standstill Period or upon the occurrence of any Standstill Termination, an Event of Default, or an event which with notice or lapse of time, or both, would constitute an Event of Default, and the Bank Group must and does hereby specifically reserve any and all rights and remedies it has (after giving effect hereto) with respect to the Existing Defaults and each other Event of Default that may occur.

More Definitions of Existing Defaults

Existing Defaults means:

Existing Defaults means, collectively, the Events of Default identified as Existing Defaults on Exhibit A hereto.

Existing Defaults has the meaning specified in the Recitals to this Agreement.

Existing Defaults has the meaning as defined in the Forbearance Agreement.

Existing Defaults means, collectively, the Events of Default identified on Exhibit B hereto.

Existing Defaults means the Events of Default that have occurred and are continuing through the date hereof and that are particularly identified on Exhibit A hereto.

Existing Defaults means collectively the Leverage Default, the Notice Default, and any Default or Event of Default caused by the Leverage Default and the Notice Default.