Subordinated Creditor Enforcement Event definition

Subordinated Creditor Enforcement Event means the occurrence and continuance of an "Event of Default" under Section 6.01 of the Subordinated Creditor Indenture.
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Subordinated Creditor Enforcement Event means the occurrence and continuance of an “Event of Default’ under Section 6.01 of the Subordinated Creditor Indenture.
Sample 1
Subordinated Creditor Enforcement Event means an "Event of Default" under Section 6.01(1) of the Subordinated Creditor Indenture, or any event or condition which does not materially affect the Lenders or their interests in the Collateral, but which the Subordinated Creditor reasonably determines does materially affect repayment of the Subordinated Liabilities or the Subordinated Creditor's interests in the Collateral.
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Examples of Subordinated Creditor Enforcement Event in a sentence

  • If a Subordinated Creditor Enforcement Event has occurred and is continuing, the Subordinated Creditor may give the Lender written notice thereof, specifying the nature of the Subordinated Creditor Enforcement Event in reasonable detail.

  • The Lender and the Subordinated Creditor each agree that it will notify the other if it receives actual notice of the occurrence of a Trigger Event or Subordinated Creditor Enforcement Event, respectively, not later than 30 days after the date of any such occurrence, in accordance with Section 5.06.

  • If a Subordinated Creditor Enforcement Event has occurred and is continuing and the Subordinated Creditor has accelerated or demanded payment of the Subordinated Indenture Indebtedness in accordance with the terms of the Subordinated Creditor Indenture, the Subordinated Creditor may give the Lender and Lender Collateral Agent written notice thereof, specifying the nature of the Subordinated Creditor Enforcement Event in reasonable detail.

  • If a Subordinated Creditor Enforcement Event has occurred and is continuing, the Subordinated Creditor may give the Senior Creditor written notice thereof, specifying the nature of the Subordinated Creditor Enforcement Event in reasonable detail.

  • The Subordinated Creditor agrees that it will notify the other Parties hereto if it receives actual notice of the occurrence of a Subordinated Creditor Enforcement Event not later than 30 days after the date of any such occurrence, in accordance with Section 8.06.

  • The Senior Creditor and the Subordinated Creditor each agree that it will notify the other if it receives actual notice of the occurrence of a Trigger Event or Subordinated Creditor Enforcement Event, respectively, not later than 30 days after the date of any such occurrence, in accordance with Section 5.06.

  • The Lender and the Subordinated Creditor each agree that it will notify the other if it receives actual notice of the occurrence of a Trigger Event or Subordinated Creditor Enforcement Event, respectively, not later than 30 days after the date of any such occurrence, such notices to be sent in accordance with Section 5.06.

Related to Subordinated Creditor Enforcement Event

  • Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Enforcement Event means an Event of Default.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

  • Indenture Default With respect to any Indenture, means any Event of Default (as such term is defined in such Indenture).

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

  • Subordination Event means any one of the following events:

  • Enforcement Action means any action of any kind to:

  • Enforcement Notice means a written notice delivered by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

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

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

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

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

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Discharge of First Lien Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.

  • Enforcement Date means the first date (if any) on which a Super Senior Creditor takes enforcement action of the type described in paragraphs (a)(i), (a)(iii), (a)(iv) or (c) of the definition of “Enforcement Action” in accordance with the terms of this Agreement.

  • Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.

  • Discharge of ABL Obligations has the meaning specified in the Intercreditor Agreement.

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

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.