Examples of Default Event in a sentence
The provisions of this Section 11.16 are for the sole and exclusive benefit of the Trustee and no failure by the Issuer to comply with, or any breach of, this Section 11.16 shall constitute a Default, Event of Default or other default with respect to the Notes or under this Indenture, nor shall any person other than the Issuer and the Trustee have any rights under this Section 11.16.
If the Lending Agent determines that a Buy-In is commercially impracticable (for any reason other than price), the Lending Agent shall, in lieu of effecting a Buy-In, pay to the affected Client an amount equal to the market value of the loaned securities determined at the close of business on the date of the Default Event to be reduced by any shortfall diminution in the value of the Collateral due to reinvestment risk that is borne by the Client pursuant to Section 5.
Default Event Viewing Filter Dialog Box3 Select or deselect the Critical, Warning , or Informational entries to control which kinds of messages appear in the Global Current Event Log and the Server Historic Event Log.
The obligation to provide an Additional Contribution shall apply for each Default Event occurring before the date of termination of a clearing license according to section 2.1.8.(7) Within a period of oOne Business Day after the Request request for Additional Contribution, ECC shall also furnish a further contribution to the Dedicated Own Pre-Funded Financial Re- sources according to section 3.7.2 (“ECC’s Additional Contribution”).
The Lending Agent shall purchase an amount of replacement securities having a value equal to the value of the securities on loan for which a Default Event has been declared.