Senior Payment Default

Senior Payment Default. Shall mean any "Event of Default" under the Senior Debt Documents resulting from the failure of the Credit Parties to pay, on a timely basis, any principal, interest, fees or other obligations under the Senior Debt Documents including, without limitation, any default in payment of Senior Debt after acceleration thereof, or any condition or event that, after notice or lapse of time or both, would constitute such an Event of Default if that condition or event... were not cured or removed within any applicable grace or cure period set forth therein. View More

Senior Payment Default. Shall mean (a) any "Event of Default" under the Senior Debt Documents resulting from the failure of any Obligor to pay, on a timely basis, any principal, interest, fees or other obligations under the Senior Debt Documents including, without limitation, any default in payment of Senior Debt after acceleration thereof, or any condition or event that, after notice or lapse of time or both, would constitute such an Event of Default if that... condition or event were not cured or removed within any applicable grace or cure period set forth therein and (b) the existence or continuation of any "Overadvance" pursuant to the Senior Debt Documents as in effect from time to time, whether or not such "Overadvance" shall exist with the consent or approval of Senior Creditor or otherwise be the subject of an agreed forbearance or similar arrangement with Parent or any other Person. 4 View More

Senior Payment Default. Means an Event of Default that arises out of the failure to make any payment when due under any of the Senior Loan Documents.

Senior Payment Default. Means any default in payment (including by reason of acceleration due to default) of any Senior Indebtedness (after giving effect to any applicable grace periods).

Senior Payment Default. Any Event of Default under Subsection 10.1.1 of the Senior Credit Agreement.

Senior Payment Default. Means any "Event of Default" (as such term is defined in the Senior Loan Agreement) under the Senior Loan Documents resulting from the failure to pay, by the time required therefor, any principal, interest, fees or other obligations under the Senior Loan Documents including any default in payment of any Senior Indebtedness after acceleration thereof which is brought to the attention of Subordinated Lender by written notice from Senior ... Lender. View More

Senior Payment Default. Means any "Event of Default" under the Senior Debt Documents resulting from the failure of any Company to pay, on a timely basis, any principal, interest, fees or other obligations under the Senior Debt Documents, including, without limitation, any default in payment of Senior Debt after acceleration thereof.

Senior Payment Default. Shall mean any failure by any Obligor to make any required payment of interest or principal, or any fee (including, without limitation, any letter of credit fees) or other monetary payment, under the Senior Debt Documents, including, without limitation, any default in payment of Senior Debt after acceleration thereof and/or the filing of a Proceeding, or any failure to pay the amounts described in this definition regardless of any requirement of notice or lapse of time or both before such... failure to pay becomes an Event of Default under the Senior Debt Documents. View More

Senior Payment Default. Any Event of Default under the Note resulting from the failure of the Borrower to pay to any Senior Creditor, on a timely basis, any principal, interest, fees or other obligations under the Transaction Documents, including, without limitation, any default in payment of Senior Debt after acceleration thereof or the delivery of any Redemption Notice (as defined in the Senior Note) with respect thereto

Senior Payment Default. Shall mean any "Event of Default" described in Section 7.1 of the Loan Agreement, including, without limitation, any default in payment of Senior Debt after acceleration thereof.