Non-Payment Event of Default definition

Non-Payment Event of Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

Non-Payment Event of Default means any default (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Debt.

Non-Payment Event of Default any event (other than a Payment Event of Default) the occurrence of which entitles the Senior Lender to accelerate the maturity of any of the Senior Obligations.

Examples of Non-Payment Event of Default in a sentence

• The Company at any time may require a Paying Agent to pay all money held by it to the Trustee, and the Trustee may at any time during the continuance of any Payment Default or Non-Payment Event of Default, upon written request to a Paying Agent, require such Paying Agent to forthwith pay to the Trustee all sums so held in trust by such Paying Agent together with a complete accounting of such sums.

• For the avoidance of doubt, the declaration of a Non-Payment Event of Default in relation to the Affected Tranche will not constitute an Event of Default in relation to other tranches of the Subordinated Notes.

• Notwithstanding any other provisions of this Indenture, no Non-Payment Event of Default with respect to Designated Senior Debt which existed or was continuing on the date of the commencement of any Blockage Period initiated by the Representative shall be, or be made, 102 -94- the basis for the commencement of a second Payment Blockage Period initiated by the Representative unless such event of default shall have been cured or waived for a period of not less than 90 consecutive days.

• For all purposes of this paragraph, no Non-Payment Event of Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period by a trustee or representative for, or holders of, Designated Senior Indebtedness unless such Payment Event of Default or Non-Payment Event of Default shall have been cured for a period of not less than 90 consecutive days.

• If the Nationwide Non-Payment Event of Default is of a nature which cannot reasonably be cured within a 30-day period, then such 30- day period shall be extended to 60 days if the cure to such Nationwide Non- Payment Event of Default has been commenced and is being diligently pursued.

More Definitions of Non-Payment Event of Default

Non-Payment Event of Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons (whether or not dependent upon the giving of notice, the lapse of time or both or any other condition) to accelerate the maturity of any Senior Debt.

Non-Payment Event of Default means a default on Senior Indebtedness of which the Company has received notice (other than a Payment Event of Default) that occurs and is continuing and that permits the holders of the Senior Indebtedness to accelerate the maturity of such Senior Indebtedness.

Non-Payment Event of Default means the occurrence of any event of default (other than Payment Default) under the Credit Agreement, as such event of default is defined therein, permitting the Lenders to accelerate the maturity of the obligations under the Credit Agreement.

Non-Payment Event of Default means an Event of Default under Section 9.1(a) of the Credit Agreement.

Non-Payment Event of Default any Event of Default other than a Payment Event of Default.

Non-Payment Event of Default means any Senior Debt Event of Default (other than a Payment Event of Default).

Non-Payment Event of Default means any event (other than a Payment Event of Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Senior Indebtedness.