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

Financial Covenant Default has the meaning specified in Section 7.02.

Financial Covenant Default means an Event of Default under Section 11(c) for failure to comply with Section 10.7(a) or Section 10.7(b).

Examples of Financial Covenant Default in a sentence

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.
The term "NON-COVENANT DEFAULT" means an Event of Default other than a Financial Covenant Default.
Notwithstanding any provision contained herein or in any other Loan Document to the contrary, Bank shall have the absolute right to refuse to make, and shall be under no obligation to make, any further Advances upon the occurrence and during the continuance of any Payment Default, any Financial Covenant Default or any Incurable Default.
The limited waiver contained in this Section 1 is a one-time waiver applicable solely to the Subject Financial Covenant Default, but to no other Default and no Event of Default.
Repayment of the Indebtedness shall be secured by the Collateral upon the occurrence of a Financial Covenant Default as described in Section 4 of the Loan Agreement.

More Definitions of Financial Covenant Default

Financial Covenant Default as defined in Section 8.1.

Financial Covenant Default has the meaning specified in Section 9.04.

Financial Covenant Default means a Default arising out of any breach of any covenant provided under Section 7.3 of this Agreement.

Financial Covenant Default means (i) a failure to comply with any of the Financial Covenants or (ii) the taking of any action by the Borrower or any Restricted Subsidiary if such action was prohibited hereunder solely due to the existence of a Financial Covenant Default of the type described in clause (i) of this definition.

Financial Covenant Default means (i) a failure to comply with any financial covenant set forth in Section 8.11 or (ii) the taking of any action by any Loan Party or its Subsidiaries if such action was prohibited hereunder solely due to the existence of a Financial Covenant Default of the type described in clause (i) of this definition. It is understood and agreed that this definition may not be amended without the written consent of the Required Covenant Lenders.

Financial Covenant Default means an Event of Default which results solely from the violation of any now existing or hereafter arising financial covenant contained in the Loan Agreement, including, by way of illustration, those specific financial covenants set forth in Sections 6.16, 6.17, 6.18, 6.19, and 6.20 of the Loan Agreement and any supplement, addition, modification or amendment to those specific financial covenants.

Financial Covenant Default means a failure to comply with the covenants set forth in Section 6.1. It is understood and agreed that this definition may not be amended without the written consent of the Requisite Revolving Lenders.