Default Remedy definition

Default Remedy. Limitations As set forth in Section 7.2(e)(ii). Defaulted Commitment As set forth in Section 7.2(e). Defaulting Members As set forth in Section 7.2(e). Delaware Act As set forth in Section 2.1(a). Director As set forth in Section 3.4(a).

Default Remedy. Limitations As set forth in Section 7.2(e)(ii). Delaware Act As set forth in Section 2.1(a). Disclosure Laws As set forth in Section 13.6(h)(iv). Drawdown As set forth in Section 7.2(a). Drawn Amounts As set forth in Section 7.2(a). Exchange Act The U.S. Securities Exchange Act of 1934, as amended. Existing Agreement As set forth in the introductory paragraph of this Agreement. Financing As set forth in Section 4.2(a). FOIA As set forth in Section 13.6(h)(vi). Fund As set forth in the introductory paragraph of this Agreement. Fund Expenses As set forth in Section 6.1. former Members As set forth in Section 3.2(a). GAAP As set forth in Section 13.1(a).

Default Remedy means the obligation of the Sellers to pay an amount equal to one hundred fifty percent (150%) of the projected monetary losses to the Buyer resulting from such breach calculated in accordance with the methodology set forth on Schedule 9(i). The parties hereby agree that the payment of the Default Remedy shall be the joint and several obligation of the Sellers; provided, that no Seller shall be liable for any amount greater than such Seller’s Default Cap.

Examples of Default Remedy in a sentence

• If Participating Lender does not respond to MHDC’s request to approve the Default Remedy within such ten (10) Business Day period, the Default Remedy shall be deemed approved by Participating Lender.

• Within ten (10) Business Days after Participating Lender has received from MHDC a request for approval of a Default Remedy, along with such other information as Participating Lender reasonably requires to evaluate the same, Participating Lender shall either: (a) confirm in writing to MHDC its approval of the Default Remedy, or (b) provide to MHDC a counterproposal for addressing the Mortgagor Default.

• In furtherance of the foregoing, the Noteholder hereby directs the Trustee not to exercise any Default Remedy at any time prior to the Cutoff Date solely as a result of the occurrence of any [Potential] Default.

• If a breach occurs then the breaching party will comply with the terms provided in Section 22, Default; Remedy.

• For the avoidance of doubt, in no event shall the exercise of the Buyer’s and the Company’s right to specific performance pursuant to this Section 9(i)(i) reduce, restrict or otherwise limit the Buyer’s right to pursue the Default Remedy (as defined below).

• These include dollar-based revolving funds which serve as lines of credit for governments that are unable to make advance payments for vaccines on a consistent basis.

• Contractual failures shall be subject to Liquidated Damages, and/or Default Remedy Costs.

• However the Default Remedy Mechanism to be used by power exchange has been stipulated to ensure that they do not induce any systemic risk in the market.

• Subject to section 5.02(g), if a Payment Default exists and is continuing, Borrower shall make no direct or indirect payment of the Xxx-Xxxxxxx Debt, and Xxx-Xxxxxxx further agrees that it will not accept such payment until expiration of the Payment Default Remedy Forbearance Period.

• Without prejudice to the provisions set out or incorporated by reference or otherwise in each of Schedules 7 (Engineering and Construction) and 8 (Term Service) relating to testing and defects, the Default Mechanism set out in Schedule 6 (Performance Default Remedy Mechanism) shall apply to this Contract.

More Definitions of Default Remedy

Default Remedy means the obligation of the G2 Partners to pay an amount equal to one hundred fifty percent (150%) of the projected monetary losses to the Buyer resulting from such breach calculated in accordance with the methodology set forth on Schedule 9(i). The parties hereby agree that the payment of the Default Remedy shall be the several and not joint obligation of the G2 Partners; provided, that no G2 Partner shall be liable for any amount greater than such G2 Partner’s Default Cap.

Default Remedy. Limitations As set forth in Section 7.2(e)(ii). Delaware Act As set forth in Section 2.1(a). Disclosure Laws As set forth in Section 13.5(h)(iv). Drawdown As set forth in Section 7.2(a). Drawdown Notice As set forth in Section 3.3(a). Drawn Amounts As set forth in Section 7.2(a). DRP The Company intends to adopt a dividend reinvestment program, pursuant to which each Member will receive dividends in the form of additional Shares unless they notify the Company that they instead desire to receive cash. For more information on the DRP, please refer to the Company's PPM. ERISA The Employee Retirement Income Security Act of 1974, as amended. Exchange Act The U.S. Securities Exchange Act of 1934, as amended. Financing As set forth in Section 4.1(a). FOIA As set forth in Section 13.5(h)(vi).