Junior Default

Example Definitions of "Junior Default"
Junior Default. Shall mean a default in the payment of the Junior Debt or in the performance of any term, covenant or condition contained in the Junior Debt Documents or any other occurrence resulting in the maturity of the Junior Debt prior to Payment in Full of the Senior Debt, or permitting Junior Creditor to accelerate the payment of, put or cause the redemption of all or any portion of the Junior Debt.
Found in Sunworks, Inc. contract
Junior Default. Shall mean a default in the payment of the Junior Debt or in the performance of any term, covenant or condition contained in the Junior Debt Documents or any other occurrence resulting in the maturity of the Junior Debt prior to Payment in Full of the Senior Debt, Documents, permitting any one or permitting Junior Creditor more Sellers to accelerate the payment of, or put or cause the redemption of of, all or any portion of the Junior Debt. Debt or any of the Junior Debt Documents.
Found in LIVE VENTURES Inc contract
Junior Default. Shall mean a A default in the payment of the Junior Debt or in the performance of any term, covenant or condition contained in the Junior Debt Documents or any other occurrence resulting in the maturity of the Junior Debt prior to Payment in Full of the Senior Debt, or permitting Junior Creditor to accelerate the payment of, put or cause the redemption of all or any portion of the Junior Debt.
Found in MENDOCINO BREWING CO INC contract
Junior Default. Shall mean (i) a default in the payment of the Junior Debt or in the performance of any term, covenant or condition contained in the Junior Debt Documents or any other occurrence resulting in the maturity of the Junior Debt prior to Payment in Full of Documents, or (ii) any other occurrence permitting the Senior Debt, or permitting Junior Creditor Creditors to accelerate the payment of, or put or cause the redemption of of, all or any portion of the Junior Debt. Debt or any of the Junior Debt... Documents. View More Arrow
Found in EVOLVING SYSTEMS INC contract
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Junior Default. Means any default or event of default (however defined) under any of the Junior Debt Documents or any other occurrence, event or condition which, in and of itself or with notice or the passage of time, or both, would permit Junior Creditor to take action to accelerate the payment of all or any portion of the Junior Debt.
Found in EQUIFIN INC contract
Junior Default. Shall mean any occurrence constituting a default under the Junior Note or Junior Security Agreement, including a default in the payment of the Junior Debt or performance of any term, covenant or condition contained in the Junior Note or Junior Security Agreement.
Found in GLOBAL EPOINT INC contract
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