Senior Debt Default definition

Senior Debt Default has the meaning set forth in Section 10.3(a).

Senior Debt Default means any default or event of default by the Company or any of its subsidiaries under any Senior Debt Agreement.

Senior Debt Default means a “Default” or an “Event of Default” under the Senior Loan Agreement.

Examples of Senior Debt Default in a sentence

• The Company shall give prompt written notice to the Trustee and any Paying Agent of (i) any Proceeding, (ii) any Default or Event of Default, (iii) any cure or waiver of any Default or Event of Default, (iv) any Senior Debt Payment Default or Senior Debt Default Notice, and (v) if and when the Debentures are listed on any stock exchange.

• Unless the Senior Debt in respect of which the Senior Debt Default Notice has been given has been declared due and payable in its entirety within the Payment Blockage Period, at the end of the Payment Blockage Period, the Company shall pay all sums not paid to the Holders during the Payment Blockage Period and resume all other payments on the Securities as and when due.

• The flow of funds (World Bank, NOPWASD, HCWW/PMU, WSCs/RSU, contractors) and corresponding flow of documentation from WSCs back through the same channels resulted in high transaction costs.

• Unless the Senior Debt in respect of which the Senior Debt Default Notice has been given has been declared due and payable in its entirety within the Payment Blockage Period, at the end of the Payment Blockage Period, the Company shall pay all sums not paid to the Holders during the Payment Blockage Period and resume all other payments on the Debentures as and when due.

• If the guess of the adversary is incorrect (that is, the password is the wrong one), then the smoothness of the hash functions leads to random independent session keys.

More Definitions of Senior Debt Default

Senior Debt Default shall have the meaning given such term in Section 5.2 hereof. 4.16 "Subordinated Distributions" shall have the meaning given such term in Section 5.1 hereof. 4.17 "Subordinated Payments" shall have the meaning given such term in Section 5 hereof. 5.

Senior Debt Default shall have the meaning given such term in Section 5.2 hereof.

Senior Debt Default shall have the meaning set forth in Section 18(b).

Senior Debt Default means the failure to make any payment of any Senior Debt when due or the happening of an event of default with respect to any Senior Debt, as defined therein or in the instrument under which the same is outstanding which, by its terms, if occurring prior to the stated maturity of such Senior Debt, permits or with the giving of notice or lapse of time (or both) would permit any holder thereof, any group of such holders or any trustee or representative for such holders thereupon to accelerate the maturity thereof or results in such acceleration, including, without limitation, a "Default" under the Bank Agreement, whether or not such Senior Debt or instrument has been avoided, disallowed or subordinated. In the event that, notwithstanding the foregoing, any payment or distribution of cash, property or securities shall be received or collected by a Holder in contravention of this Section 13.3 or if and as long as payment with respect to the Securities is prohibited under this Article, and except as otherwise expressly provided in Section 13.9, such payment or distribution shall be held for the benefit of and shall be paid over to the holders of Senior Debt or their representative or representatives or to the trustee or trustees under any indenture under which any instrument evidencing Senior Debt may have been issued, as their respective interests may appear, to the extent necessary to pay in full all Senior Debt then due, after giving effect to any concurrent payment to the holders of Senior Debt.

Senior Debt Default means and include

Senior Debt Default means and include any event of default under any Senior Debt and any event or circumstance which, with the passage of time or the giving of notice, or both, would constitute an event of default under Senior Debt;

Senior Debt Default means an event of default that occurs and is continuing with respect to Senior Debt that permits the holder(s) thereof to accelerate the maturity of such Senior Debt.