Term Loan Default definition

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

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

Term Loan Default means an “Event of Default” as such term is defined in the First Lien Term Loan Credit Agreement or in the Second Lien Term Loan Credit Agreement, as applicable.

Examples of Term Loan Default in a sentence

• WHEREAS, the Obligors acknowledge that they have not made a scheduled payment of interest due and payable under the Term Loan Facility on January 31, 2018, and as a result of such nonpayment, an event of default has occurred under the Term Loan Facility (the “First Term Loan Default”), and the First Term Loan Default constitutes an Event of Default under the ABL Loan Agreement.

• Credit Default or Term Loan Default, as the case may be, has occurred and is continuing, to repossess, or exercise any remedies with respect to, any material amount of Collateral or commence the judicial enforcement of any of the rights and remedies under the Revolving Credit Loan Documents, the Term Loan Documents or under any applicable law, but in all cases excluding the imposition of a default rate or late fee.

• WHEREAS, the Obligors acknowledge that they have not made a scheduled payment of interest due and payable under the Term Loan Facility on February 28, 2018, and as a result of such nonpayment, an event of default has occurred under the Term Loan Facility (the “Second Term Loan Default”, and together with the First Term Loan Default, collectively, the “Term Loan Defaults”), and the Second Term Loan Default will constitute an Event of Default under the ABL Loan Agreement.

More Definitions of Term Loan Default

Term Loan Default means any “Event of Default” or similar term, as such term is defined under the Term Loan Documents.

Term Loan Default means an Event of Default under (and as defined in) the Term Loan Agreement.

Term Loan Default means any event or circumstance which, with the giving of notice, the lapse of time, or both, would (if not cured or otherwise remedied during such time) constitute a Term Loan Event of Default.

Term Loan Default means an “Event of Default” as defined in the Term Loan Agreement. “Term Loan Documents” means the Term Loan Agreement, the Collateral Documents and the “Other Documents” (as defined in the Term Loan Agreement) and each of the other agreements, documents, and instruments providing for or evidencing any Term Loan Obligation, and any other document or instrument executed or delivered at any time in connection with any Term Loan Obligations, as each may be amended, restated, supplemented, modified, renewed, Refinanced or extended from time to time in whole or in part in accordance with the provisions of this Agreement (whether with the Collateral Agent, the Term Loan Secured Parties or other agents and lenders or otherwise). “Term Loan Exclusive Mortgaged Property” means (a) the real property listed on Schedule 2 attached hereto and (b) any NY Real Property that, from time to time, may become subject to a Lien in favor of the Collateral Agent for the benefit of the Term Loan Secured Parties and (c) including improvements thereon, fixtures thereto, dedicated processing equipment used thereat (other than Rolling Stock), minerals contained therein before extraction, and substitutions, replacement products, insurance proceeds with respect to and after proceeds of the foregoing. “Term Loan Lenders” means, at any relevant time, the lenders party to the Term Loan Agreement at such time, any other “Term Loan Secured Parties” (as such term is defined in the Term Loan Agreement) and any other holder (if any) of the Term Loan Obligations; provided that the “Term Loan Lenders” shall not include the Term Loan Agent.. “Term Loan Obligations” means all “Obligations” as defined in the Term Loan Agreement. “Term Loan Obligations” shall include, without limitation (a) all interest accrued or accruing (or which would, absent commencement of an Insolvency Proceeding, accrue) after commencement of an Insolvency Proceeding in accordance with the rate specified in the relevant Term Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency Proceeding and (b) all other Indebtedness arising under or in connection with the Term Loan Documents that is purported to be secured under the Collateral Documents. 10 “Term Loan Priority Collateral” means all Collateral, other than the Revolver Priority Collateral, including, without limitation, the Term Loan Priority Mortgaged Property and the Term Loan Exclusive Mortgaged Property. “Term Loan Priority Co...

Term Loan Default means Borrower's failure to pay the scheduled mandatory prepayment due June 25, 2001 in the amount of $468,750.00 with respect to the Term Loan (the "JUNE TERM LOAN PAYMENT") pursuant to Section 2.4(e) of the Credit Agreement.

Term Loan Default any “Event of Default”, as such term is defined in any Term Loan Document. Term Loan Documents: the Term Loan Collateral Documents, the Term Loan Agreement, the Term Loan Guaranty, and each of the other Loan Documents (as defined in the Term Loan Agreement), this Agreement, and each of the other documents entered into in connection with the Term Loan Agreement.

Term Loan Default means an “Event of Default” (as defined in any of the Term Loan Documents), which is no longer subject to any applicable cure or notice period.