Specified Defaults definition
Specified Defaults means the failure of the ------------------ Borrower to comply with Sections 6.04(a), (b), (c) and (d) of the Credit Agreement. At the end of the Waiver Period, the waiver of the Specified Defaults will automatically terminate.
Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.
Specified Defaults means the Events of Default listed on Annex I hereto. During the Forbearance Period, any condition to the making of an Advance under the Loan Agreement that would not be met solely because of the occurrence and continuance of any Specified Default or any Event of Default resulting solely from the Company’s failure to make the scheduled interest payment due under the Notes on July 15, 2007 is hereby waived.
Examples of Specified Defaults in a sentence
Except for the Specified Defaults, to the knowledge of the Issuer, no other Default or Event of Default has occurred and is continuing as of the date hereof.
Except as expressly set forth in this Agreement, the agreements of the Holders hereunder to forbear in the exercise of their respective rights, remedies, powers, privileges and defenses under the Notes Documents in respect of the Specified Defaults during the Forbearance Period do not in any manner whatsoever limit any right of any of the Holders to insist upon strict compliance with this Agreement or any Notes Document during the Forbearance Period.
No Default or Event of Default other than the Specified Defaults shall have occurred and be continuing.
More Definitions of Specified Defaults
Specified Defaults means the following, collectively, and the term “Specified Default” shall mean any of the following:
Specified Defaults means any events of default and any defaults (after giving effect to any applicable grace period) in the observance or performance of any covenant under the Specified Agreements solely as a result of the occurrence of the Merger Transactions.
Specified Defaults has the meaning specified in the recitals of this Agreement.
Specified Defaults means Events of Default arising under Sections 7.01(a), (b), (d) (with respect to Article VI), (e) (with respect to Sections 5.01 and 5.10), (f), (g), (h), (i), (j) and (m).
Specified Defaults means, collectively, Specified Defaults, as defined in the Existing Forbearance Agreement, and the failure by Borrower to make any payments due solely as a result of the occurrence of the Maturity Date as it existed prior to giving effect to this Amendment.
Specified Defaults. (as defined in Section 1 of the Original Forbearance Agreement).
Specified Defaults any (i) Event of Default under Section 10.1.1 or 10.1.5, (ii) any Event of Default arising from the failure of any Loan Party to deliver a Borrowing Base Certificate required to be delivered hereunder or any material inaccuracy contained in any Borrowing Base Certificate, (iii) any Event of Default arising from the failure of any Loan Party to comply with its obligations under this Agreement and the Security Agreements to make or direct payments into Deposit Accounts over which Agent has a first priority perfected Lien and dominion and control (or, in the case of a Deposit Account of a UK Loan Party, a floating charge), or to maintain such Lien and dominion and control (or, in the case of a Deposit Account of a UK Loan Party, a floating charge), over Deposit Accounts (other than Excluded Deposit Accounts and Deposit Accounts to the extent such Deposit Accounts are not yet required to be subject to a Deposit Account Control Agreement pursuant to Section 7.3.2 or 9.1.12(c)(iii)) and (iv) any Event of Default arising from the failure of the Loan Parties to comply with the covenant contained in Section 9.3 at any time that such covenant is applicable pursuant to the terms hereof.