{"component": "definition", "props": {"groups": [{"samples": [{"hash": "eQnrfgSOCBw", "uri": "/contracts/eQnrfgSOCBw#credit-default", "label": "Indemnification and Reimbursement Agreement (Honeywell International Inc)", "score": 31.559890486, "published": true}, {"hash": "fscoHOkyNHI", "uri": "/contracts/fscoHOkyNHI#credit-default", "label": "Indemnification and Reimbursement Agreement (Garrett Motion Inc.)", "score": 31.4449007529, "published": true}, {"hash": "7FpyDEXoAU6", "uri": "https://investor.honeywell.com/static-files/a8e2e445-d342-47f9-8f82-14b5f02c657f", "label": "investor.honeywell.com", "score": 19.5581772148, "published": false}], "snippet": "means \u201cEvent of Default\u201d under and as defined in the Current Credit Agreement (as in effect on the First Amendment Effective Date).", "size": 10, "snippet_links": [{"key": "event-of-default", "type": "definition", "offset": [7, 23]}, {"key": "current-credit-agreement", "type": "clause", "offset": [53, 77]}, {"key": "first-amendment-effective-date", "type": "definition", "offset": [99, 129]}], "hash": "b413451a5b079ed561aa4d14f53e139e", "id": 1}, {"samples": [{"hash": "bIBc4S04PQ0", "uri": "/contracts/bIBc4S04PQ0#credit-default", "label": "Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.)", "score": 21.3655030801, "published": true}, {"hash": "17LyB95LUwG", "uri": "/contracts/17LyB95LUwG#credit-default", "label": "Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.)", "score": 21.3655030801, "published": true}, {"hash": "hY6MNKgcAzn", "uri": "/contracts/hY6MNKgcAzn#credit-default", "label": "Crude Oil/Feedstock Supply/Delivery and Services Agreement (PBF Energy Inc.)", "score": 21.1409993155, "published": true}], "snippet": "has the meaning given such term in Clause 24(c).", "size": 6, "snippet_links": [{"key": "in-clause", "type": "clause", "offset": [32, 41]}], "hash": "12a34bc6219291af9c86870073ac0adb", "id": 2}, {"samples": [{"hash": "6vSu6P95L94", "uri": "/contracts/6vSu6P95L94#credit-default", "label": "DSC Terms and Conditions", "score": 32.4471361005, "published": true}, {"hash": "iJZeQNd3U4L", "uri": "/contracts/iJZeQNd3U4L#credit-default", "label": "DSC Terms and Conditions", "score": 26.2437137871, "published": true}, {"hash": "cGZ45nQW8HG", "uri": "/contracts/cGZ45nQW8HG#credit-default", "label": "DSC Terms and Conditions", "score": 25.6009582478, "published": true}], "snippet": "means any Default which is (or may be) the subject of measures provided for in the Credit Policy, and Credit Defaults shall be construed accordingly;", "size": 5, "snippet_links": [{"key": "subject-of", "type": "clause", "offset": [43, 53]}, {"key": "credit-policy", "type": "definition", "offset": [83, 96]}], "hash": "a1cec8aaa9a8e4a4402e64b1ace6bd2a", "id": 3}, {"samples": [{"hash": "lvFNpSFK7pD", "uri": "/contracts/lvFNpSFK7pD#credit-default", "label": "Master Services Agreement", "score": 30.3740265436, "published": true}, {"hash": "iDJ4zk8owc9", "uri": "/contracts/iDJ4zk8owc9#credit-default", "label": "Master Services Agreement", "score": 22.6413415469, "published": true}, {"hash": "9aytP8TUFwI", "uri": "/contracts/9aytP8TUFwI#credit-default", "label": "Master Services Agreement", "score": 22.1457905544, "published": true}], "snippet": "shall occur (i) if Customer fails to make full and timely payment for all amounts due (subject to Section 5 herein governing billing disputes). In the event of a Credit Default, Atron Solutions may, in addition to its rights available to it at law or in equity: (i) suspend any or all Services to Customer upon written notice;", "size": 3, "snippet_links": [{"key": "all-amounts-due", "type": "clause", "offset": [70, 85]}, {"key": "subject-to-section-5", "type": "clause", "offset": [87, 107]}, {"key": "billing-disputes", "type": "definition", "offset": [125, 141]}, {"key": "a-credit", "type": "definition", "offset": [160, 168]}, {"key": "in-addition-to", "type": "clause", "offset": [199, 213]}, {"key": "available-to", "type": "definition", "offset": [225, 237]}, {"key": "services-to-customer", "type": "clause", "offset": [285, 305]}, {"key": "upon-written-notice", "type": "clause", "offset": [306, 325]}], "hash": "67bf4223fb9b14443e2383ee3f01e648", "id": 4}, {"samples": [{"hash": "8lBVfQeTzQL", "uri": "https://www.elexon.co.uk/documents/change/future-changes-bsc/section-x-1-p383-p398/", "label": "www.elexon.co.uk", "score": 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"published": true}], "snippet": "has the meaning set forth in the Disbursement Agreement.", "size": 3, "snippet_links": [{"key": "disbursement-agreement", "type": "definition", "offset": [33, 55]}], "hash": "35f042c0b9e9546d7e19773a83131e45", "id": 6}, {"samples": [{"hash": "b5BdQ2wqdKW", "uri": "/contracts/b5BdQ2wqdKW#credit-default", "label": "Purchase Agreement (Viisage Technology Inc)", "score": 18.0, "published": true}, {"hash": "70SaaRfIQQp", "uri": "/contracts/70SaaRfIQQp#credit-default", "label": "Purchase Agreement (Viisage Technology Inc)", "score": 18.0, "published": true}], "snippet": "with respect to any particular Contract or the Customer -------------- thereunder means any payment default by such Customer which continues for a period of 90 days, default by the Customer under the terms of the Contract (but not including any default arising solely from the Customer's failure to make Payments), the filing of a voluntary or involuntary bankruptcy petition naming such Customer as debtor thereunder, the commencement of any other insolvency 25 of 30 proceedings by or against such Customer, the failure by such Customer to continue its business or legal existence, the meeting by such Customer with a committee of its creditors, the making of any assignment or the appointment of any receiver for any such Creditor or its property, or any other similar event evidencing an insolvency of or imposing upon or seeking any insolvency relief for such Customer.", "size": 2, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "payment-default", "type": "clause", "offset": [92, 107]}, {"key": "period-of", "type": "clause", "offset": [147, 156]}, {"key": "default-by-the-customer", "type": "clause", "offset": [166, 189]}, {"key": "the-terms-of-the-contract", "type": "clause", "offset": [196, 221]}, {"key": "failure-to-make-payments", "type": "clause", "offset": [288, 312]}, {"key": "bankruptcy-petition", "type": "clause", 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"6y76PV6HAW0", "uri": "https://www.smud.org/-/media/Documents/Corporate/About-Us/Board-Meetings-and-Agendas/2022/Feb/Finance--Audit-Info-Packet--Feb-15-2022.ashx", "label": "www.smud.org", "score": 11.0561259411, "published": false}], "snippet": "means any condition or event which with the giving of notice or lapse of time or both would, unless cured or waived, become a Credit Event of Default.", "size": 2, "snippet_links": [{"key": "giving-of-notice", "type": "clause", "offset": [44, 60]}, {"key": "lapse-of-time", "type": "clause", "offset": [64, 77]}, {"key": "credit-event-of-default", "type": "definition", "offset": [126, 149]}], "hash": "9ffa927fda7bcc81793ec2d850890bf1", "id": 8}, {"samples": [{"hash": "cEMBeso5UZU", "uri": "/contracts/cEMBeso5UZU#credit-default", "label": "Merger Agreement (SOC Telemed, Inc.)", "score": 33.0930869268, "published": true}], "snippet": "has the meaning set forth in Section 6.14(c).", "size": 1, "snippet_links": [], "hash": "356242705040a2a61a070b95a1382f5d", "id": 9}, {"samples": [{"hash": "2b5IXpIseuL", "uri": "/contracts/2b5IXpIseuL#credit-default", "label": "Wholesale Master Service Agreement (U S Wireless Data Inc)", "score": 20.0, "published": true}], "snippet": "shall occur (i) if Customer fails to make full and timely payment for all amounts due (subject to Section 5 herein governing billing disputes) and/or (ii) if Customer falls to comply with a request for assurance as provided in Section 6. In the event of a Credit Default, WilTel may, in addition to its rights available to it at law or in equity: (i) suspend any or all Services to Customer upon written notice; (ii) cease accepting or processing Service Orders; and/or (iii) terminate this WMSA upon written notice. If this WMSA is terminated because of a Credit Default, all Early Termination Charges (defined in Section 19 below) shall apply.", "size": 1, "snippet_links": [{"key": "all-amounts-due", "type": "clause", "offset": [70, 85]}, {"key": "subject-to-section-5", "type": "clause", "offset": [87, 107]}, {"key": "billing-disputes", "type": "definition", "offset": [125, 141]}, {"key": "comply-with", "type": "definition", "offset": [176, 187]}, {"key": "request-for", "type": "clause", "offset": [190, 201]}, {"key": "in-section-6", "type": "clause", "offset": [224, 236]}, {"key": "a-credit", "type": "definition", "offset": [254, 262]}, {"key": "in-addition-to", "type": "clause", "offset": [284, 298]}, {"key": "available-to", "type": "definition", "offset": [310, 322]}, {"key": "services-to-customer", "type": "clause", "offset": [370, 390]}, {"key": "upon-written-notice", "type": "clause", "offset": [391, 410]}, {"key": "service-orders", "type": "clause", "offset": [447, 461]}, {"key": "early-termination-charges", "type": "definition", "offset": [577, 602]}, {"key": "section-19", "type": "definition", "offset": [615, 625]}], "hash": "621544cf63335fb43d5614847c5afb10", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIXY3JlZGl0LWRlZmF1bHQjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Credit Default", "snippet": "means \u201cEvent of Default\u201d under and as defined in the Current Credit Agreement (as in effect on the First Amendment Effective Date).", "size": 39, "id": "credit-default", "examples": ["Upon the occurrence of a Letter of <strong>Credit Default</strong>, Seller agrees to Transfer to Buyer either a substitute Letter of Credit or Cash, in each case on or before the first Business Day after the occurrence thereof (or the third (3rd) Business Day after the occurrence thereof if only clause (a) under the definition of Letter of <strong>Credit Default</strong> applies).", "Upon the occurrence of a Letter of <strong>Credit Default</strong>, \u2587\u2587\u2587\u2587\u2587\u2587 agrees to Transfer to Buyer either a substitute Letter of Credit or Cash, in each case on or before the first (1st) Business Day after the occurrence thereof (or the fifth (5th) Business Day after the occurrence thereof if only clause (i) under the definition of Letter of <strong>Credit Default</strong> applies).", "If a Letter of <strong>Credit Default</strong> occurs with respect to an outstanding Letter of Credit, Seller shall within five (5) Business Days following receipt of Buyer\u2019s notice of the Letter of <strong>Credit Default</strong>, as applicable, transfer to Buyer substitute Credit Support.", "For purposes of this clause (ii), the aggregate value of substitute Credit Support that Seller is required to transfer to Buyer must be at least equal to the amount required to cause the total value of all outstanding Credit Support, calculated excluding the value of (x) the expiring Letter of Credit, or (y) the Letter of Credit to which the Letter of <strong>Credit Default</strong> applies, as applicable, to be at least equal to the Credit Support Amount then applicable to Seller.", "In the case of the occurrence of any <strong>Credit Default</strong>, Seller may notify Buyer that the PBF Line of Credit has been reduced to zero.", "A Contingent <strong>Credit Default</strong> Swap under which one of the Deliverable Obligations is a claim against the Reference Entity under an ISDA Master Agreement with respect to which an Early Termination Date (as defined therein) has occurred.", "A <strong>Credit Default</strong> Swap for which the Reference Obligation is a cash or synthetic asset-backed security.", "Credit derivatives (for example, <strong>Credit Default</strong> Swaps, iTraxx Index trades, among others) b.", "Upon the occurrence of a Letter of <strong>Credit Default</strong>, Seller agrees to Transfer to Buyer either a substitute Letter of Credit or Cash, in each case on or before the first (1st) Business Day after the occurrence thereof (or the third (3rd) Business Day after the occurrence thereof if only clause (a) under the definition of Letter of <strong>Credit Default</strong> applies).", "If a Letter of <strong>Credit Default</strong> occurs, then the Seller shall have ten (10) Business Days to cure the event(s) causing the Letter of <strong>Credit Default</strong>."], "related": [["credit-default-swap", "Credit Default Swap", "<strong>Credit Default</strong> Swap"], ["letter-of-credit-default", "Letter of Credit Default", "Letter of <strong>Credit Default</strong>"], ["mi-default", "MI Default", "MI Default"], ["swap-default", "Swap Default", "Swap Default"], ["bank-default", "Bank Default", "Bank Default"]], "related_snippets": [], "updated": "2025-07-06T21:58:35+00:00"}, "json": true, "cursor": ""}}