Payment Event of Default definition

Payment Event of Default means an Event of Default specified in Section 7.1(a).

Payment Event of Default means any Event of Default specified in Section 11.1(a) or (b).

Payment Event of Default any default in the payment of the Senior Obligations (whether upon maturity, mandatory prepayment, acceleration or otherwise) beyond any applicable grace period with respect thereto.

Examples of Payment Event of Default in a sentence

Beginning with the third Payment Event of Default and continuing with each Payment Event of Default thereafter, the applicable Minimum Interest multiple will increase by 0.015 on the Payoff Date upon the occurrence of each such Payment Event of Default regardless of whether or not such Payment Event of Default is subsequently cured.
So long as any Senior Payment Event of Default shall be continuing, any number of Payment Blockage Notices identifying Senior Payment Events of Default may be given and any number of Payment Blockage Periods may be commenced by the Administrative Agent pursuant to this paragraph (b).
The applicable Minimum Interest multiple will be increased regardless of whether Lender notifies Company of any Payment Event of Default.
If the Borrower shall fail to reimburse the Issuing Lender as provided herein, the unreimbursed amount of such drawing shall constitute a Payment Event of Default and automatically bear interest at a per annum rate equal to the Default Rate subject to Section 2.8(b).
If any Payment Event of Default or Acceleration Event has occurred and is continuing, the Administrative Agent may (and shall, at the direction of the Required Lenders), from time to time, apply the collected balances in such cash collateral account to the payment of the Secured Obligations whether or not the Secured Obligations shall then be due.

Payment Event of Default means any default in the payment or required prepayment of principal of (or premium, if any, on) or interest on any Specified Senior Indebtedness when due (whether at final maturity, upon scheduled installment, upon acceleration or otherwise).

Payment Event of Default means any default in the payment of principal of (or premium, if any) or interest on any Senior Indebtedness beyond any applicable grace period with respect thereto.

Payment Event of Default means any default in the payment of Designated Senior Indebtedness.

Payment Event of Default means an Event of Default specified in Section 7.1(a). “PBGC” shall mean the Pension Benefit Guaranty Corporation or any successor agency. “Permitted Liens” shall have the meaning set forth in Section 5.10(g).

Payment Event of Default. See §6.10.

Payment Event of Default means any Event of Default specified in Section 11.1(a) or (b). “PBGC” means the Pension Benefit Guaranty Corporation or any successor agency.

Payment Event of Default means an Event of Default under subsections (a) or (b) of Section 801 of the Mortgage Indenture, or, with respect to failures to make payment only, Section 4.01(d).