DEFAULT ON INDEBTEDNESS definition

DEFAULT ON INDEBTEDNESS. An event of default as defined in any Loan or Note or demand for full payment of any Loan or Note.
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DEFAULT ON INDEBTEDNESS means a default on payment of the Indebtedness, whether such payment is required under this Agreement or any other Related Document.
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Examples of DEFAULT ON INDEBTEDNESS in a sentence

  • Each of the following shall constitute an Event of Default under this Agreement: DEFAULT ON INDEBTEDNESS.

  • Each of the following, at the option of Lender, shall constitute an event of default ("Event of Default") under this Deed of Trust: DEFAULT ON INDEBTEDNESS.

  • Each of the following shall constitute an Event of Default ----------------- under this Agreement: DEFAULT ON INDEBTEDNESS.

  • Each of the following shall constitute an Event of Default under this Agreement: 3 04-05-1994 COMMERCIAL SECURITY AGREEMENT Page 3 Loan No. 17650-34733 (Continued) =============================================================================== DEFAULT ON INDEBTEDNESS.

  • Each of the following shall constitute an event of default (an "Event of Default") under this Lease: DEFAULT ON INDEBTEDNESS.

  • Each of the following shall constitute an Event of Default under this agreement: DEFAULT ON INDEBTEDNESS.

  • Each of the following, at the option of Lender, shall constitute an event of default ("Event of Default") under this Mortgage: DEFAULT ON INDEBTEDNESS.

Related to DEFAULT ON INDEBTEDNESS

  • cross-default obligation means a term of any agreement or arrangement whereby the Appointee's liability to pay or repay any debt or other sum arises or is increased or accelerated by reason of a default of any person other than the Appointee.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Recourse Indebtedness means Indebtedness that is not Non-Recourse Indebtedness; provided that personal recourse for Customary Recourse Exceptions shall not, by itself, cause such Indebtedness to be characterized as Recourse Indebtedness.

  • Net Indebtedness means, as of any date, (i) the amount of outstanding Indebtedness of the Company and its consolidated subsidiaries as of such date, minus (ii) the amount of cash and cash equivalents of the Company and its consolidated subsidiaries as of such date minus (iii) loans by the Company and its consolidated subsidiaries to its Partners or Affiliates thereof as of such date.