Restatement Defaults

Restatement Defaults. Means the Defaults arising as a result of the Error and Restatement and for the periods covered thereby, together with any preceding periods, (i) under Section 7.1 of the Agreement by reason of the breach of representations and warranties contained in Sections 5.4, 5.6, 5.9, and 5.12 of the Agreement on account of the submission of incorrect financial statements, (ii) arising under Section 7.3 of the Agreement arising by reason of the violation of Section 6.1 of the Agreement, which requires,... among other things, the submission of financial statements adhering to Agreement Accounting Principles no later than April 18, 2006 in respect of the most recent reporting period, (iii) arising under Sections 7.5 and 7.21 in connection with defaults arising under Debentures due by reason of the US-Borrower's failure to deliver timely financial statements and breaches of representations and warranties under the Debentures (the "Debenture Defaults"), and (iv) other Defaults caused solely by the occurrence of the Defaults described in the foregoing clauses (i) through (iii). View More