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).

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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).

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).

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.

• If Crest shall have delivered a Crest Default Remedy Instruction to the Collateral Trustee, the Collateral Trustee for the benefit of Crest shall have all of the rights and remedies with respect to the Pledge Agreement Collateral of a secured party under the Uniform Commercial Code.

• 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).

• 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.

• The provisions of sections 9 (Non-competition), 10 (Confidentiality), 11 (Default Remedy and Indemnity), 12 (Notice), 13 (Governing Law and Dispute Resolution) and 14 (Miscellaneous) shall remain in full force and effect following the termination of this Agreement.

• 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 Crest shall have delivered a Crest Default Remedy Instruction to the Collateral Trustee, the Collateral Trustee for the benefit of Crest shall have all of the rights and remedies with respect to the Collateral of a secured party under the Uniform Commercial Code.

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

• 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.

• Other than as may be agreed, in exchange for making an Event of Default Remedy Capital Contribution, such Member or Members' Capital Percentage Interest shall increase in proportion to its or their Event of Default Remedy Capital Contribution and the Company shall amend Exhibit A to reflect the Members' updated Capital Percentage Interest.

More Definitions of Default Remedy

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.

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.