FILO Event of Default definition

FILO Event of Default means (i) an Event of Default under Section 8.01(a) with respect to the FILO Loans or any other FILO Obligations, (ii) an Event of Default under Section 8.01(a) with respect to the Obligations (other than the FILO Obligations) as a result of failure of the Borrowers to pay all such Obligations then due and owing due on the earlier of the Maturity Date or the date on which the maturity of such Obligations is accelerated pursuant to Section 8.02(a)(ii), and (iii) an Event of Default under Section 8.01(b) or Section 8.01(c), as applicable, but only to the extent such Event of Default arises from the Loan Parties’ failure to comply with the provisions of Section 6.02(c) or Section 7.11. Each determination of whether a FILO Event of Default has occurred and is continuing shall be made without giving effect to any waiver or modification of any such provision effected pursuant to the terms hereof without the consent of the FILO Agent.
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FILO Event of Default means (i) an Event of Default under Section 10.1(a) with respect to the FILO Loan, (ii) an Event of Default under Section 10.1(a) with respect to the Obligations (other than the FILO Liabilities) then due and owing on the Revolving Credit Termination Date, (iii) an Event of Default under Section 10.1(b)(iii), but only to the extent such Event of Default arises from the Loan Parties’ failure to comply with the provisions of Sections 7.4(a) or 7.4(b), and (iv) an Event of Default under Section 10.1(b)(i), but only to the extent such Event of Default arises from the Loan Parties’ failure to comply with the provisions of Sections 6.1 or 9.14.
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FILO Event of Default means (a) an Event of Default under Section 8.01(a) with respect to the FILO Loans or any other FILO Obligations, (b) an Event of Default under Section 8.01(a) with respect to the Obligations (other than the FILO Obligations) as a result of failure of the Borrowers to pay all such Obligations then due and owing due on the Termination Date for the Revolving Facility and (c) an Event of Default under Section 8.01(b) or Section 8.01(c), as applicable, but only to the extent such Event of Default arises from the Loan Parties’ failure to comply with the provisions of Section 6.02(b), Section 6.20 or Section 7.15. Each determination of whether a FILO Event of Default has occurred and is continuing shall be made without giving effect to any waiver or modification of any such provision effected pursuant to the terms hereof without the consent of the FILO Agent.
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Examples of FILO Event of Default in a sentence

  • If at any time at any time a FILO Event of Default has occurred and is continuing or Availability is less than 25.0% of the Combined Loan Cap, the Administrative Agent shall fail to maintain Availability Reserves in respect of any Secured Bank Product Agreement or Secured Hedge Agreement as and to the extent required by this Section 9.15, the FILO Agent may include such Reserve against the FILO Borrowing Base.

  • Any Availability Reserve established pursuant to this Section 9.15(a) shall automatically be released and no longer required from and including the date of which such FILO Event of Default is no longer continuing or, if such Availability Reserve has been imposed pursuant to clause (ii) above, the date of which the Borrower have delivered a Borrowing Base Certificate evidencing Availability equal to or in excess of the level indicated in this Section 9.15(a).


More Definitions of FILO Event of Default

FILO Event of Default. “FILO Facility”, “FILO Fee Letter”, “FILO Lender”, “FILO Liabilities”, “FILO Loan”, “FILO Maturity Date”, “FILO Note”, “FILO Prepayment Premium”, “FILO Reserve”, “FILO Standstill Period”, “Fixed Charge Coverage Ratio”, “Net Cash Proceeds”, “Payment Conditions”, “Pro Rata Share”, “Protective Advances”, “Ratable Portion”, “Requisite FILO Lenders”, “Term/Notes Refinancing Date” or “Weekly Monitoring Event” (and any component definition of any of the foregoing terms to the extent used therein); provided that, subject to Section 11.14, the foregoing shall not limit the discretion of the Administrative Agent to change, establish or eliminate any Reserves without the consent of any Lenders;
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Related to FILO Event of Default

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Event of Default has the meaning specified in Section 8.01.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

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

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • 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)).

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

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

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.