Date of Default definition

Date of Default means the earliest date upon which an installment or payment was due which was not paid by the Borrower according to the terms of the Note.

Date of Default has the meaning specified in Section 9.2(a).

Date of Default means the date when the first Default occurs under the Property Loan Mortgage and if no such Default has occurred prior to the Date of Disposal then the Date of Disposal shall be deemed to be the Date of Default.

Examples of Date of Default in a sentence

• On the Date of Default, there shall immediately be due and payable to Lender the amount of the Loan outstanding, plus accrued interest and all other amounts owed by the Company pursuant to this Agreement.

• If a default occurs (and the same is not cured), then a Relevant Lender may, by a written request to the Lead Lender, make a reference of the respective Borrower for resolution in accordance with this Agreement within 30 (thirty) days of the Date of Default.

• If the default is not cured within thirty (30) calendars after the Date of Default (defined herein), or any extension approved in writing by City, City may enforce its rights and remedies under Section 6.3 below.

• From and after the Date of Default, interest on the Loan shall accrue at the Default Rate and shall be payable on demand.

• At least 90 days time gap is needed after the Date of Default to make the account liable to be classified as NPA as per the Prudential RBI Norms and Guidelines which means the Date of Default has to be at least 90 days prior to 30th September, 2013.

More Definitions of Date of Default

Date of Default shall have the meaning specified in Section 4.3(c) hereof.

Date of Default means the date when the LDM or CSD Member has been declared to be in default pursuant to these Rules;

Date of Default means the first calendar day after the borrower has failed to meet the borrower’s obligations under the terms of the debt instrument where the debt instrument characterizes that failure as a default.

Date of Default means the day after the borrower’s obligation to make a loan payment or perform an obligation under the terms of the loan, loss mitigation plan, or any other agreement with the lender was due.

Date of Default means the date of the occurrence of an Event of Default.

Date of Default means the date on which a Covered Loan initially Defaults. For example, if a Borrower fails to pay the monthly installments due on January 1, February 1, March 1, and April 1, and all such installments remain unpaid as of the close of business on April 1, the Date of Default is January 1.

Date of Default means the due date of the earliest unpaid installment. '