Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

Special Default means the occurrence of any Default referred to in Section 6.01(i), (ii), (ix) and (x) of the Indenture.

Examples of Special Default in a sentence

There shall be remitted to the Company any gain (including interest received) realized as the result of any such investment (net of any fees, commissions, other expenses or losses, if any, incurred in connection with such investment) unless a Special Default or an Event of Default shall have occurred and be continuing.
Whether or not a Special Default or an Event of Default shall be continuing, subject to Annex C hereto, Company may at any time cause such Aircraft to be re-registered under the laws of the United States.
So long as no Special Default or Event of Default shall have occurred and be continuing, the Company may at any time, subject to Annex C hereto, cause such Aircraft to be re-registered under the laws of a country other than the United States.
In particular, where one party attempts to send a notice to the other party (by means other than a registered mail to the address given by the other party) but is unable to serve the notice, the notice would not have been duly delivered to the other party under Thai law by the mere execution of the Special Default Notice.
So long as no Special Default or Event of Default shall have occurred and be continuing, the Owner may, by written notice to the Indenture Trustee, request to change the country of registration of the Aircraft.

More Definitions of Special Default

Special Default has the meaning given in clause 16.2.

Special Default means a Default under any of Sections 13(a), 13(b), 13(f) and 13(g) of the Lease.

Special Default means a Default under any of Section 8.01, 8.02, 8.06 or 8.07 of the Mortgage.

Special Default means an Event of Default or a Default under any of Section 8.01, 8.02, 8.06 or 8.07.

Special Default means any Event of Default pursuant to Section 7.1(a), and/or (b) or any event or condition that with the lapse of time or giving of notice, or both, would constitute an Event of Default under Section 7.1(a) and/or (b).

Special Default means the occurrence of (i) a Default under clause (i) or (ii) of Section 7.01(b) of the Credit Agreement or (ii) a Bankruptcy Event.