Bond Default Date

Bond Default Date. The date on which any of the holders or beneficiaries of the Senior Subordinated Notes shall have the right (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required, any of the Senior Subordinated Notes to become due prior to its stated maturity or to become subject to a mandatory offer to purchase by the Borrower (or any Guarantee Obligation in respect thereof to become payable)