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.
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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.
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Default means any event which is, or after notice or passage of time or both would be, an Event of Default.
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Examples of Default in a sentence

  • In the event that the Sales Agent that is a Covered Entity or a BHC Act Affiliate of such Sales Agent becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Sales Agent are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States.

  • To the extent that a legal opinion is not provided (either timely or at all), then, in addition to being an Event of Default hereunder, the Company agrees to reimburse the Holder for all reasonable costs incurred by the Holder in connection with any legal opinions paid for by the Holder in connection with the sale or transfer of the Underlying Common Shares.

  • Interest shall accrue on the outstanding Principal balance hereof at an annual rate equal to 10% (“Interest Rate”), which Interest Rate shall increase to an annual rate of 18% upon the occurrence of an Event of Default (for so long as such event remains uncured).

  • No such rescission shall affect any subsequent Default or impair any right consequent thereon.

  • Failure of the Company to comply with this Section 3.5 shall constitute an Event of Default.


More Definitions 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.
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Default means any event or condition which upon notice, lapse of time or both would constitute an Event of Default.
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Default means any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default.
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Default means any event, act or condition which with notice or lapse of time, or both, would constitute an Event of Default.
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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.
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Default means an event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.
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Default means any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default.
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