Default definition

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.

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

Examples of Default in a sentence

• Any Transaction to which this Module applies shall, subject as follows, be deemed included in the definition of "Netting Transaction" for the purposes of this Agreement and subject to termination and liquidation under the clause headed "Netting" (the "Netting Clause") following an Event of Default.

• A default by any subgrantee shall be deemed to be an Event of Default hereunder.

• Any Grant Funds withheld pursuant to this Section and subsequently disbursed to Grantee after cure of applicable Events of Default, if granted by the City in its sole discretion, shall be disbursed without interest.

• Waiver of Default or Breach....................................................................................................

• There shall exist no condition, event or act which would constitute an Event of Default (as hereinafter defined) hereunder or which, upon the giving of notice or the passage of time, or both, would constitute an Event of Default.

More Definitions 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 event or condition which upon notice, lapse of time or both would constitute 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 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 any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default.

Default means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series.

Default means any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default.