Payment Default

Payment Default. Shall mean any Event of Default resulting from the failure to pay, when due, any obligation with respect to the Senior Indebtedness (including non-payment following acceleration or maturity of the Senior Indebtedness).

Payment Default. Shall mean any failure by the Borrower or the Guarantor to make payment of principal of, or interest on, any Note (as defined in the Agreement), or any other charge provided hereunder or under the Agreement, when due and payable, whether at maturity or by acceleration.

Payment Default. If the Corporation fails to make interest or principal payments (A) under the Credit Agreement or (B) the Senior Secured Notes Indenture, in each case in accordance with the terms thereof (a "Payment Default"), on the date of such Payment Default the Corporation shall notify each Purchaser of the amount of funds necessary to cure such Payment Default (the "Payment Default Amount") and the number of shares of Series B Preferred Stock required to be issued by... the Corporation and purchased by the Purchasers on the date which is no later than five (5) Business Days following the date of delivery of such notification (the date of each such purchase a "Payment Default Settlement Date"; and the aggregate shares of Series B Preferred Stock to be purchased on such date, the "Payment Default Shares"). View More

Payment Default. Means the default in payment of any Senior Indebtedness when the same becomes due and payable, whether pursuant to the terms thereof, by acceleration or otherwise.

Payment Default. A "Payment Default"

Payment Default. Means the failure by the Company to make any payment required to be made by it pursuant to any Transaction Document to which it is a party at the time when same is due (after giving effect to any applicable grace period).

Payment Default. The definition of the defined term "Payment Default" used in the Indenture, which definition is set forth in the section that is eliminated by this Supplemental Indenture and which defined term is still used in the Indenture after giving effect to the amendment to the Indenture set forth in this Supplemental Indenture, hereby is deemed a part of, and is deemed to be defined in, Section 1.01 (Definitions) of the Indenture, and hereby is deemed to be in alphanumeric order within Section 1.01... (Definitions) of the Indenture. View More