Senior Default definition

Senior Default means any Default or Event of Default under the Senior Credit Agreement or any document referred to therein.
Senior Default means any Senior Payment Default or Senior Covenant Default.
Senior Default means any “Event of Default” under the Senior Debt Documents.

Examples of Senior Default in a sentence

  • In the event that a Voided Payment is recovered from any Senior Secured Party, a Senior Default shall be deemed to have existed and to be continuing under the applicable Senior Documents from the date of such Senior Secured Party’s initial receipt of such Voided Payment until the full amount of such Voided Payment is restored to such Senior Secured Party.

  • During any continuance of any such Senior Default, this Agreement shall be in full force and effect with respect to the Subordinated Debt.


More Definitions of Senior Default

Senior Default means any “Event of Default” under the Senior Debt Documents, or any condition or event that, after notice or lapse of time or both, would constitute such an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period set forth therein.
Senior Default means a Payment Default or a Non-payment Default.
Senior Default means a Default under (and as defined in) the Senior Facilities Agreement.
Senior Default means (i) any default or event of default under any instrument creating any Senior Indebtedness, or (ii) any event which would, with giving of notice, lapse of time, or both, or subject to any other condition subsequent to such event, constitute such a default or event of default.
Senior Default means a Senior Payment Default or a Senior Covenant Default.
Senior Default means any “Default,” “Event of Default” or any condition or event that (with or without notice, lapse of time, or both) would permit Holders of Senior Debt to accelerate the maturity of such Senior Debt if that condition or event were not cured or removed within any applicable grace or cure period set forth therein.
Senior Default means a Senior Payment Default or a Senior Event of Default.