No Payment Default Sample Clauses

No Payment Default. Except for payment delinquencies that have been continuing for a period of not more than 29 days, no payment default under the terms of any Receivable exists as of the Cutoff Date.
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No Payment Default. Except for payment delinquencies that have been continuing for a period of not more than 29 days, no payment default under the terms of any Receivable exists as of the Cutoff Date. Test 11-1: Delinquency Observe TMCC’s Data Tape and confirm the Receivable was not more than 29 days delinquent as of the Cutoff Date.
No Payment Default. Except for a payment that is not more than 30 days Delinquent as of the Cutoff Date, no payment default exists on the Lease.
No Payment Default. No Event of Default or Potential Event of ------------------ Default (whether matured or not) shall have occurred under Section 7.1.
No Payment Default. 54 D. No Acceleration of New PRIMESTAR Senior Credit Facility or Existing Notes........................................................................... 54 E.
No Payment Default. The Issuer is not in payment default under debt for borrowed money in excess of U.S.$50,000,000.

Related to No Payment Default

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Event of Default Any of the following shall constitute an "Event of Default":

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