Default definition

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 which is, or after notice or passage of time or both would be, 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.

Examples of Default in a sentence

• Create, incur, assume, guarantee, suffer, permit to exist or otherwise become liable for any Debt, other than Permitted Debt, provided that at the time of any incurrence of Permitted Debt, no Default or Event of Default (i) exists under this Agreement or any other Loan Documents or (ii) will occur as a result of the issuance of such Permitted Debt.

• If such voluntary prepayment is made prior to the Initial Project Completion Date, the Borrower shall certify, as confirmed by the Technical Advisor, that it has Available Funding for the remaining Project Costs to achieve the Initial Project Completion Date by no later than the Initial Outside Date and that no Default or Event of Default would occur as a result thereof.

• If an Event of Default has occurred and is continuing, the Borrower will pay all reasonable expenses incurred by such representatives in order to visit the Borrower’s premises or attend at its and each other Obligor’s principal office, as applicable, for such purposes.

• The occurrence of an Event of Default that has not been waived by the Lender will relieve the Lender of all obligations to provide any further Advances hereunder.

• For certainty, such prepayment shall not cure any Event of Default caused by the issuance of any Equity Interests.

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 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 event that is, or after notice or passage of time, or both, would be, 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 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 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.