Act or Default definition

Act or Default means any act, omission or other conduct however occurring, whether as a result of negligence, breach of contract, breach of statutory duty or as a result of wilful or reckless conduct or fundamental breach.
View Source
Act or Default means act default negligence or omission
View Source

Related to Act or Default

  • Default means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Event of Default has the meaning specified in Section 8.01.