Default definition

Default means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.
Default means any event which is, or after notice or passage of time or both would be, an Event of 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.

Examples of Default in a sentence

  • Reference is hereby made to the Contract and the Indenture for a description of the rights, duties and obligations of the County, the Corporation, the Trustee and the Owners, the terms on which the Bonds are secured, the terms and conditions on which the Bonds will be deemed to be paid at or before maturity or prepayment of the Bonds on the making of provision for the full or partial payment thereof, and the rights of the Owners on the occurrence of an Event of Default.

  • Anything in the Indenture to the contrary notwithstanding, if an Event of Default occurs and is continuing, there will be no prepayment of less than all of the Bonds Outstanding.

  • Upon the occurrence of an Event of Default, CJC may pursue any remedies available under this Agreement, at law or in equity.

  • Acts or omissions of subgrantees shall not constitute an Event of Default unless ratified or knowingly induced by Recipient.

  • If the Contract is terminated by reason of an Event of Default (as defined in the Contract), the principal amount of this 2014B Bond and the interest hereon will be payable from such moneys, if any, as may be available for such purpose, including any moneys received by the Trustee from the sale, lease, sublease or other disposition of the portion of the Projects subject to the Deed of Trust.


More Definitions of Default

Default means any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default.
Default means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.
Default means any condition or event which constitutes an Event of Default or which with the giving of notice or lapse of time or both would, unless cured or waived, become an Event of Default.
Default means an event or condition the occurrence or existence of which would, with the lapse of time or the giving of notice or both, become an Event of Default.
Default means an event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.
Default means any event, act or condition which with notice or lapse of time, or both, would constitute an Event of Default.
Default any of the events specified in Section 8, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied.