Senior Secured Payment Default definition

Senior Secured Payment Default means an Event of Default arising by reason of non- payment under any Senior Secured Finance Document.
Sample 1
Senior Secured Payment Default means (a) (on or prior to the RCF Discharge Date) a Default under clause 24.1 (Non-payment) of the Original Revolving Facility Agreement or after the RCF Discharge Date a payment default under any equivalent provision in any other Revolving Facility Agreement and (b) a payment default under a Senior Secured Notes Document in relation to non-payment of (i) principal, interest or fees or (ii) otherwise in an amount exceeding EUR100,000.
Sample 1
Senior Secured Payment Default means (a) any Senior Secured Facilities Payment Default, (b) any payment default under the Hedge Obligations, (c) any payment default under the Cash Management Obligations or (d) any Pari Passu Debt Default arising by reason of any non-payment under a Pari Passu Debt Document, in each case after giving effect to any applicable grace period and other than an amount not constituting principal, interest or fees, not in excess of $25,000,000 (or its equivalent in any other currency).
Sample 1

Examples of Senior Secured Payment Default in a sentence

  • Second Lien Liabilities) to 7.4 (Effect of Second Lien Payment Stop Event or Common Senior Secured Payment Default) inclusive even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.

  • Where the decision is not in English or French, the RADO-Member Signatory or its Delegate Organization shall provide a short English or French summary of the decision and the supporting reasons.

Related to Senior Secured Payment Default

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.