A Default definition

A Default. Any action or inaction or omission by You or any guest or visitor or occupant that causes a "strike" to be placed on any property owned or managed by Us shall be a default of the Lease.

A Default under the Note or Borrower's failure to perform its obligations under this Agreement shall constitute a default under this Agreement. EXHIBIT 10.5-B

A Default has occurred and is continuing under the Loan Agreement by reason of the Borrower's failure to maintain a minimum consolidated Fixed Charge Coverage Ratio of at least 1.10 to 1 for the Fiscal Quarter ending on September 30, 1997, as required under Section 10.1(a) of the Loan Agreement (the "Existing Default"), as a result of which the Lenders are entitled to exercise the rights and remedies provided for in the Loan Agreement. The Borrower has requested that the Lenders waive the Existing Default, modify certain financial covenants and amend certain other provisions of the Loan Agreement, and the Lenders have agreed, upon and subject to the terms, conditions and provisions of this Amendment.

Examples of A Default in a sentence

• A Default or Event of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the case of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has been waived in writing by the Required Lenders.

• A "Default" by Lessee is defined as a failure by Lessee to observe, comply with or perform any of the terms, covenants, conditions or rules applicable to Lessee under this Lease.

• A Default or breach of this Agreement by a Party shall not relieve either Party of the obligation to comply with the ERCOT Protocols.

• A "Default" is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or rules under this Lease.

• A Default or an Event of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the case of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has been waived in writing by Required Lenders.

More Definitions of A Default

A Default. (as defined in the Lease) has occurred by Inflow, Inc. under that certain Office Lease Agreement (the "Lease") between Inflow, Inc. ("Tenant") and 938 Bannock, LLC (the "Landlord") and Tenant has failed to cure its default after the expiration of any applicable cure period, and therefore, the undersigned is entitled to the amount set forth In the draft. It is a condition of this Letter of Credit that it will be deemed automatically renewed without an amendment for a period of one (1) year from the present or each future expiration date unless at least thirty (30) days prior to such expiry date we notify you in writing sent by overnight mail that we elect not to renew this Letter of Credit for such additional period. In no event shall this Letter of Credit be automatically extended beyond _________________. This Letter of Credit is transferrable by the issuing bank in whole but not in part and only once upon our receipt of the attached Exhibit "A" (Transfer Form) duly completed and executed by the beneficiary together with this original Letter of Credit and all amendments if any accompanying our transfer charges (i.e., 1/4 of 1 percent minimum USD 250.00). The amount of this Letter of Credit shall be decreased on the following dates, provided that the available amount exceeds the following aggregate amount(s): Effective Date: Aggregate Amount(s) All documents including the draft(s) must indicate the number and date of this credit. Each draft presented hereunder must be accompanied by this original Letter of Credit for our endorsement thereon of the amount of such draft(s). Documents must be sent to use via overnight courier (i.e., Federal Express, UPS, DHL or other express courier) at our address: ________________________________. We hereby engage with drawers and/or bona fide holders that draft(s) drawn under and negotiated in conformance with the terms and conditions of the subject credit will be duly honored on presentation. EXHIBIT G Depiction of Parking Area

A Default means the occurrence of any of the following:

A Default. (as defined in the Master Netting, Setoff, and Security Agreement dated as of ________ among ______________, as the same may be amended (the "Master Agreement")) has occurred and is continuing with respect to the Account Group or any member of the Account Group under the Master Agreement and no Default has occurred and is continuing with respect to the beneficiary of this Letter of Credit or any other member of its Group (as defined in the Master Agreement). Wherefore, the undersigned does hereby demand payment of $_________________"; or

A Default. (as defined in the Lease) has occurred by Inflow, Inc. under that certain Office Lease Agreement between Inflow, Inc. and Miami North LLC (the "Lease") and Tenant has failed to cure its default after the expiration of any applicable cure period, and therefore the undersigned is entitled to the amount set forth in the draft. It is a condition of this Letter of Credit that it will be deemed automatically renewed without an amendment for a period of one (1) one year from the present or each future expiration date unless at least thirty 30) days prior to such expiry date we notify you in writing sent by overnight mail that we elect not to renew this Letter of Credit for such additional period. In no event shall this letter of credit be automatically extended beyond December 31, 2001.

A Default means:

A Default. (as defined in the Credit Agreement) shall exist under the Credit Agreement, or the credit facilities evidenced by the Credit Agreement shall cease to exist for any reason whatsoever, whether through prepayment, refinancing, expiration, termination or otherwise."

A Default. (as defined in the Lease) has occurred by Inflow, Inc. under that certain Lease Agreement between Inflow, Inc. and (the "Lease") and Tenant has failed to cure its default after the expiration of any applicable cure period and therefore the EXHIBIT "A" ----------- EXHIBIT A Land ---- [DIAGRAM] EXHIBIT "B" ----------- Premises, including parking area and equipment area EXHIBIT B Premises -------- [DIAGRAM] EXHIBIT "C" ----------- Landlord and Tenant agree to attach the Plans and Specifications of the Premises for the tenant improvements to be constructed by Tenant prior to the Commencement Date. Tenant shall submit its Plans and Specifications for the initial improvements on or before February 1, 2000. Landlord's review of such Plans and Specifications shall be performed in accordance with the provisions of the Addendum attached to this Lease.