Designated Defaults

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... Agreement and (v) Borrower's failure to pay amounts due on the Maturity Date. View More