Default order definition

Default order means an order that accompanies an old forfeiture order and that takes effect if payment is not made as required;
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Default order means a court order entered due to a party's
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Default order means a court order entered due to a party's failure to answer a complaint or motion or to appear at a court proceeding as required, after being properly served with notice.
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Examples of Default order in a sentence

  • There shall not exist at the time of any Advance a condition which would constitute an Event of Default order this Agreement or under any Related Document.

  • The post-Event of Default order of priority herein is set forth solely to determine the rights and priorities of the Banks as among themselves and may at any time or from time to time be changed by the Banks as they may elect, in writing in accordance with Section 12.01, without necessity of notice to or consent of or approval by the Company, any Multicurrency Borrower or any other Person.


More Definitions of Default order

Default order means the same as in section 3(3)(b).
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Default order means a proposed order issued by the Board upon the failure of a licensee to respond to a notice of Board action or to appear at a hearing.
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Default order means an order establishing paternity and a child support obligation or an order establishing or modifying a child support obligation with which a party has not expressed agreement but the party has also failed to respond with a timely and proper objection.
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Default order means an order issued by the Presiding Officer after a well driller fails to attend a hearing in a well driller adjudicative proceeding. A Default Order constitutes a Final Judgment and Order.
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Related to Default order

  • Potential Default means any event or condition which with notice or passage of time, or both, would constitute an Event of Default.

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a ▇▇▇▇▇▇▇ ▇▇▇▇▇ period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.