Senior Payment Default

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.