Specified Default

Specified Default. The Event of Default due to the breach by the Borrower arising under Section 6.1(1)(d) of each of the 2024 Debentures that occurred on July 11, 2025 from the failure of the Borrower to comply with Section 2.5 of such 2024 Debenture and Section 5(d) of the Security Agreement entered into in connection with such 2024 Debenture

Specified Default. Any default (each a "Specified Default") (i) in the observance of the covenants contained in subsection 12.1(a) (with respect to the requirement that the financial statements furnished thereunder be reported on by independent certified public accountants without a "going concern" or like qualification or exception), 12.3 (due to the failure to pay principal or interest in respect of obligations to the DTI or interest on the Senior Subordinated Indebtedness) or 13.1 or (ii) pursuant to... subsection 14(e) due to the failure to pay principal or interest in respect of obligations to the DTI or interest on the Senior Subordinated Indebtedness (unless any remedial action is taken as a result of such failure to pay interest on the Senior Subordinated Indebtedness). View More

Specified Default. Or "Specified Defaults" shall mean, individually or collectively, the Defaults or Events of Default listed on Schedule 1 hereto.

Specified Default. As such term is defined in the Credit Agreement (a "Specified Default")

Specified Default. The Event of Default arising under Section 10.1(o) of the Loan Agreement due to the occurrence of an event of default under the Revolving Credit Facility.

Specified Default. Default under clause 8.1(j)(w) of the Agreement

Specified Default. Means the failure of the Loan Parties to comply with any of the terms and conditions of the Loan Documents described in Schedule 1 hereto, and any actual or prospective Defaults or Events of Default arising therefrom.