Designated Defaults
Designated Defaults. As Events of Default; provided, however, nothing contained herein shall constitute a waiver by the Lenders of any other Event of Default, whether or not they have any knowledge thereof, nor shall anything contained herein constitute a waiver of any future Event of Default whatsoever.
Found in
MTM Technologies, Inc. contract
Designated Defaults. Shall mean the Events of Default occurring as a result of (i) Guarantor's failure to maintain the required Net Worth pursuant to Section 9.18 of the Loan Agreement, (ii) Guarantor's failure to maintain the required Liquidity pursuant to Section 9.19 of the Loan Agreement, (iii) Borrower's failure to pay in cash interest as set forth in the Loan Agreement pursuant to Section 11.01(a) of the Loan Agreement, (iv) Borrower's failure to make any Swap Payment pursuant to Section 11.01(s) of the Loan...
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