Term Default definition

Term Default means an “Event of Default” as defined in the Term Loan Credit Agreement.

Term Default means any “Event of Default” as such term is defined in the Term Credit Agreement.

Term Default means an “Event of Default” as defined in the Term Loan Agreement or in any Additional Pari Passu Term Agreement.

Examples of Term Default in a sentence

• A Relevant Fixed Term Default tariff that is cheaper than (or as cheap as) our cheapest Variable Rate Tariff with no exit fees, in each case calculated based on our estimate of your annual energy usage and as appropriate for your payment method, meter type and other relevant account arrangements.

• Long Term Default Fee: If the Borrower remains in Default (4 months or more) without making a prior arrangement with EdAid then the Lender through EdAid.

• Term Default and Balloon Risk Commercial mortgages have one of three possible outcomes at maturity: 1) Default, 2) Payoff, and 3) Extension.

• A Relevant Fixed Term Default tariff that is cheaper than (or as cheap as) our cheapest Variable Rate Tariff with no exit fees, in each case calculated based on our estimate of your annual energy usage and as appropriate for your payment method, meter type andother relevant account arrangements.

• To clarify that we expect suppliers to use the Estimated Annual Cost to determine whether the Relevant Fixed Term Default Tariff is cheaper than or as cheap as the Relevant Cheapest Evergreen Tariff for that particular Domestic Customer.

More Definitions of Term Default

Term Default means an “Event of Default” as defined in the Term Loan Agreement or any similar event or condition set forth in any other Term Loan Document which causes, or permits holders of the applicable Term Obligations outstanding thereunder to cause, the Term Obligations outstanding thereunder to become immediately due and payable.

Term Default means any “Event of Default”, as such term is defined in the Term Documents.

Term Default means an "Event of Default" (as defined in the DIP Term Loan Agreement or any substantially similar term in a Refinancing).

Term Default means any “Event of Default”, as such term is defined in any Term Document.

Term Default means any “Event of Default”, as that term is defined in any Term Credit Facility Agreement or any “Event of Default” or “Termination Event”, as those terms are defined in any Term Hedge Agreement. “Term Default Disposition” has the meaning set forth in Section 5.1(i). “Term Deficiency Claim” means any portion of the Term Debt consisting of an allowed unsecured claim under Section 506(a) of the Bankruptcy Code (or any similar provision under any other Bankruptcy Law). “Term DIP Financing” has the meaning set forth in Section 6.2(b). “Term DIP Financing Conditions” means that: (i) (A) the ABL Agent retains its Liens with respect to the Collateral that existed as of the date of the commencement of the applicable Insolvency Proceeding (including proceeds thereof arising after the commencement of such Insolvency Proceeding), (B) as to the ABL Priority Collateral that existed as of the date of the commencement of such Insolvency Proceeding (including proceeds thereof arising after the commencement of such Insolvency Proceeding), the ABL Agent’s Liens with respect to such ABL Priority Collateral remain senior and prior to the Liens (inclusive of any Liens securing the Term DIP Financing) of the Term Agent or any other provider of Term DIP Financing with respect to such ABL Priority Collateral, and (C) as to ABL Priority Collateral acquired by the applicable Grantor after the commencement of such Insolvency Proceeding (excluding proceeds of ABL Priority Collateral existing prior to the commencement of such Insolvency Proceeding), either (x) neither the ABL Claimholders nor the Term Claimholders obtain a Lien with respect to such ABL Priority Collateral or (y) if a Lien with respect to such ABL Priority Collateral is granted to secure the Term DIP Financing, then the ABL Agent obtains a Lien with respect to such ABL Priority Collateral and the Liens with respect to such ABL Priority Collateral securing the Term DIP Financing are junior and subordinate to the Liens of the ABL Agent with respect to such ABL Priority Collateral; (ii) all Liens on Term Priority Collateral securing any such Term DIP Financing shall be senior to or on a parity with the Liens of the Term Agent securing the Term Debt on the Term Priority Collateral; (iii) the proposed Term Cash Collateral use or Term DIP Financing does not compel any Grantor to seek confirmation of a specific plan of reorganization for which all or substantially all of the material terms are set forth in the Term Cash Col...

Term Default means any event that, with the passage of time or giving of notice or both, would unless cured or waived, become a Term Event of Default.

Term Default means a "Default," as defined in the Term Loan Agreement.