Waiting for space in the log buffer because the session is writing data into the log buffer faster than LGWR can write it out. Consider making the log buffer bigger if it is small, or moving the log files to faster disks such as striped disks.
Wait Time: Usually 1 second, but 5 seconds if it is waiting for a Switch Logfile to complete
Parameters: None
See Also:
Oracle Database Performance Tuning Guide for more information about this wait event
Oracle Database Performance Tuning Guide for more information about potential causes of this wait event