Specified ABL Event of Default means an Event of Default under clause (a), (b) (as it pertains to Section 6.02(a) or 6.19(d)), (d) (as it pertains to Section 5.25), (f) or (g) of Section 8.01.
Specified ABL Event of Default means an Event of Default pursuant to Section 9.01(a), Section 9.01(b)(i)(A), Section 9.01(b)(ii), Section 9.01(b)(iii), Section 9.01(d) (solely with respect to the representation and warranty made in Section 5.20) and Section 9.01(f).
Specified ABL Event of Default means a Specified Event of Default or an Event of Default occurring under Section 7.01(c) (solely with respect to a material misrepresentation in any Borrowing Base Certificate that resulted in a material overstatement of the Aggregate Borrowing Base), 7.01(d)(i), 7.01(d)(ii) (solely during a Liquidity Period), or 7.01(d)(iii) (solely as it relates to the Financial Maintenance Covenant but only to the extent that the Financial Maintenance Covenant is then in effect and the Lead Borrower has not and is not entitled to exercise a Cure Right).
Examples of Specified ABL Event of Default in a sentence
The Collateral Agent agrees with such Grantor that the Collateral Agent shall not give any such instructions unless a Specified ABL Event of Default has occurred and is continuing.
Whenever a Specified ABL Event of Default exists, the Administrative Agent shall have the right at any time, in the name of the Administrative Agent, any designee of the Administrative Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of any Borrower by mail, telephone or otherwise.
More Definitions of Specified ABL Event of Default
Specified ABL Event of Default means (i) any Specified Event of Default and (ii) any Event of Default under clauses (b)(i), (b)(ii), (b)
Specified ABL Event of Default means an Event of Default under Sections 8.01(a), 8.01(b) (solely with respect to a failure to comply with Section 7.09), 8.01(c) (solely with respect to (i) failure to comply with the cash management system in accordance with Section 6.19 or (ii) failure to deliver a Borrowing Base Certificate in accordance with Section 6.18), 8.01(d) (solely with respect to a material misrepresentation with respect to the Borrowing Base Certificate) or 8.01(f) (with respect to a Loan Party).
Specified ABL Event of Default means any Event of Default described in Section 8.1(a), Section 8.1(c) (to the extent such Event of Default arises from a failure to perform or comply with any term or condition in Section 5.13, Section 5.16, Section 5.17 or Section 6.5), Section 8.1(d) (to the extent such Event of Default arises from any representation, warranty, certification or other statement made or deemed made by any Credit Party in any Borrowing Base Certificate (or supporting documentation under Section 5.17) being false in any material respect as of the date made or deemed made), Section 8.1(f) or Section 8.1(g).