Examples of Standstill Event in a sentence
After giving effect to the Amendment, no Standstill Event shall have occurred and be continuing, and the representations and warranties contained in the Standstill Agreement shall be correct in all material respects as though made on and as of the Effective Date.
Prior to a Standstill Event, the Parent may make, and the holders of Second Units may receive, payments in accordance with Section 2.2 of this Agreement.
After giving effect to this Waiver and Consent, no Standstill Event and no default under the Intercreditor Agreement shall have occurred and be continuing, and the representations and warranties contained in the Standstill Agreement shall be correct in all material respects as though made on and as of the Effective Date.
If the relevant Standstill Event is a Payment Stop Event the Standstill Notice delivered to the Security Trustee shall state that to be the case.
Prior to a Standstill Event, the Parent may make, and the holders of First Units may receive, payments in accordance with Section 2.2 of this Agreement.