Default on Drawdown Sample Clauses

Default on Drawdown. (a) If a Partner fails to make any portion of a Capital Contribution (a “Default Amount”) required to be made by such Partner in accordance with this Agreement, such Partner shall be deemed to be a “Defaulting Partner” until such time as the Partnership receives such Default Amount and any interest owing to the Partnership in respect of such Default Amount.
Sample 1
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Related to Default on Drawdown

  • DEFAULT ON DELIVERY Failure to supply timely written notification of delay may be cause for default proceedings.

  • X0 Xxxxxxxxxxx on Default H2.1 The Authority may terminate the Contract by written notice to the Contractor with immediate effect if the Contractor commits a Default and if:

  • Default and Consequences of Default 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Supplier’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Drawdown Subject to the terms and conditions of this Agreement, each Advance shall be made to the Borrowers following receipt by the Agent from the Borrowers of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the date, which shall be a Banking Day falling within the Drawdown Period for such Advance, on which the Borrowers propose such Advance is made. A Drawdown Notice shall be effective on actual receipt by the Agent and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

  • Termination of Default An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • Notification of Default (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

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