Examples of Second Lien Default in a sentence

The Second Lien Secured Creditors may take Enforcement Action under Clause 5.8 (Permitted Second Lien enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Second Lien Event of Default.
The Permitted Second Lien Financing Creditors may take Enforcement Action under Clause 5.8 (Permitted Second Lien enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Permitted Second Lien Financing Event of Default.

More Definitions of Second Lien Default

Second Lien Default any “Event of Default” or similar term, as such term is defined under the Second Lien Documents.

Second Lien Default means a Default under the Indenture or any Pari Passu Payment Lien Document.

Second Lien Default means any “Default” under and as defined in the Second Lien Documents.

Second Lien Default means a Default (as defined in the Second Lien Credit Agreement).

Second Lien Default means an “Event of Default” as defined in the MDFA Loan Agreement.

Second Lien Default means a default in the payment of the Second Lien Obligations or in the performance of any term, covenant or condition contained in the Second Lien Loan Documents or any other occurrence permitting the Second Lien Administrative Agent or any Second Lien Lender to accelerate the payment of, or put or cause the redemption of, all or any portion of the Second Lien Obligations or any Second Lien Loan Document.

Second Lien Default means any “Event of Default”, as such term is defined in any Second Lien Document. “Second Lien Deficiency Claim” means any portion of the Second Lien Debt consisting of an allowed unsecured claim under