Specified Financial Reporting Default definition

Specified Financial Reporting Default means the failure by Holdings to deliver its quarterly financial reports on Form 10-Q for the fiscal quarter ended on or about June 28, 2013, within the time periods prescribed therefor under Section 5.02 of the Convertible Senior Note Indenture, Section 4.18 of the Senior Unsecured Note Indenture or Section 5.02 of the Subordinated Convertible Note Indenture, which failure results in a “Default” or “Event of Default” (each as defined in the applicable indenture) under Section 7.01(5) of the Convertible Senior Notes Indenture, Section 6.01(4) of the Senior Unsecured Note Indenture or Section 7.01(5) of the Subordinated Convertible Note Indenture.
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Specified Financial Reporting Default means the failure (i) by Holdings to deliver its quarterly financial reports on Form 10-Q for the fiscal quarters ended on or about June 28, 2013 or September 27, 2013, within the time periods prescribed therefor under Section 4.18 of the Senior Unsecured Note Indenture or Section 5.02 of the Subordinated Convertible Note Indenture or (ii) by Holdings to deliver any related notice of default to the trustee under any of the Senior Unsecured Note Indenture or the Subordinated Convertible Note Indenture, which failure results in a “Default” or “Event of Default” (each as defined in the applicable indenture) under Section 6.01(4) of the Senior Unsecured Note Indenture or Section 7.01(5) of the Subordinated Convertible Note Indenture.
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Examples of Specified Financial Reporting Default in a sentence

  • By execution and delivery of this Agreement, each of the Lenders hereby temporarily waives any Default or Event of Default arising under clause (g) of Article VII to the extent, and solely to the extent, such Default or Event of Default is caused by a Specified Financial Reporting Default.

  • Promptly following Holdings’s exercise of the Additional Interest Election, Holdings shall deliver a certificate to the Administrative Agent, certifying that (a) Holdings has duly exercised the Additional Interest Election pursuant to the terms of the Subordinated Convertible Note Indenture, and (b) Holdings has not received notice of a Specified Financial Reporting Default under the Senior Unsecured Note Indenture.

Related to Specified Financial Reporting Default

  • Reporting Default means a Default described in Section 6.01(d).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Existing Defaults means, collectively, the Events of Default identified on Exhibit A hereto.

  • Reporting Date means the 7th day of each Month following the Month to which the relevant Management Information relates, or such other date as may be agreed between the Parties;

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Financial Statement Date means December 31, 1999.

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events:

  • Funding Default as defined in Section 2.22.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Accounting Event has the meaning set forth in the Supplemental Indenture.

  • Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.