Financial Statement Delay Default means a default under (i) Sections 4.03(a) and 4.04 of the Existing Senior Secured Notes, or (ii) Sections 4.03(a) and 4.04 of the New Senior Secured Notes.
Financial Statement Date means December 31, 1999.
Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.
Reporting Default means a Default described in Section 6.01(d).
Financial Statements Date shall have the meaning ascribed to it in Section 3.7.
Financial Statement has the meaning set forth in Section 4(g) below.
Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);
Financial Covenant Event of Default has the meaning specified in Section 8.01(b).
Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).
Statement Date means each date designated as such in the Series Term Sheet.
Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;
Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).
Audited financial statement means a financial statement audited by an outside accounting firm.
Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.
Quarterly Financial Statements is defined in Section 6.2(a).
MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);
Monthly Financial Statements is defined in Section 6.2(c).
Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.
Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.
Year-End Financial Statements has the meaning set forth in Section 3.06.
Unaudited Financial Statements has the meaning set forth in Section 3.4(a).
Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.
Annual Financial Statement is defined in Section 10.1(a).
Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.
Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.
Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.
Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement: