Default Rights and Remedies definition

Default Rights and Remedies means any and all rights and remedies granted in, arising from, or relating to any agreement, instruction, or document and any and all rights and remedies now or hereafter existing by statute, at law, or in equity, which may be exercised only upon the occurrence of a breach or event of default.

Examples of Default Rights and Remedies in a sentence

  • The agreement of the Agent and the Lenders under Section 2 of this Agreement conditionally to forbear from exercising their Default Rights and Remedies throughout the Forbearance Period shall not constitute a waiver of any of their Default Rights and Remedies, and the Agent and the Lenders hereby expressly reserve all such Default Rights and Remedies.

  • Creditor agrees that it will not exercise any Default Rights and Remedies concerning the Creditor Indebtedness, so long as any amount is outstanding and unpaid on the Lender Indebtedness, without the prior written consent of Lender, except that, in the event that a Borrower files for bankruptcy relief, Creditor may file a proof of claim in the bankruptcy.

  • The agreement of the Agent and the Lenders under Section 2 of this Amendment conditionally to forbear from exercising their Default Rights and Remedies throughout the Forbearance Period as extended hereby shall not constitute a waiver of either of the Existing Events of Default, and the Agent and the Lenders hereby expressly reserve all their Default Rights and Remedies in connection with the Existing Events of Default.

  • In consideration of the agreement of the Agent and the Lenders to enter into this Agreement and hereby conditionally forbear from exercising their available Default Rights and Remedies throughout the Forbearance Period, the Borrower shall pay to the Agent, for the ratable benefit of the Lenders, a one-time forbearance fee in the amount of $25,000 (the “Forbearance Fee”).

  • The agreement of the Agent and the Lenders under Section 2 of this Agreement conditionally to forbear from exercising their Default Rights and Remedies throughout the Forbearance Period shall not constitute a waiver of either of the Existing Events of Default, and the Agent and the Lenders hereby expressly reserve all their Default Rights and Remedies in connection with the Existing Events of Default.

  • Events of Default; Rights and Remedies 177175 9.1 Events of Default 177175 9.2 Remedies ____________________________________________________ 201 9.3 Waivers by Credit Parties ______________________________________ 201 9.4 Cure Right __________________________________________________ 202 10.

  • The Bank and the Borrower are parties to a Forbearance Agreement, dated as of November 12, 2009 (the “Original Forbearance Agreement”), pursuant to which the Bank agreed to forbear from exercising its available Default Rights and Remedies in response to the Anticipated Event of Default through January 31, 2010.

  • Any moneys recovered by DBS or ATD in the exercise of any Default Rights and Remedies (which Default Rights and Remedies are exercised after receipt of the Subordination Notice) shall be received for Lender and shall be immediately tendered to Lender to be applied toward payment of the Lender Indebtedness until the Lender Indebtedness is paid in full.

  • DBS and ATD each covenants that it will not exercise any Default Rights and Remedies (other than a demand for payment (which may be made at any time) or any action necessary to file a proof of debt upon the occurrence of an Insolvency Event) for a period of twelve (12) months after receipt of the Subordination Notice (the "Standstill Period") unless (i) an Insolvency Event occurs or (ii) the prior written consent of Lender is obtained.

  • The foregoing shall not limit or otherwise restrict FGI from exercising any Default Rights and Remedies under the FGI Financing against UK Client, the FGI Collateral or against any collateral other than the Summit Collateral that secures the obligations owing under or otherwise related to the FGI Financing.

Related to Default Rights and Remedies

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Remedies means actions designed to restore or preserve the complainant’s equal access to education after a respondent is found responsible. Remedies may include the same individualized services that constitute supportive measures, but need not be non-punitive or non-disciplinary, nor must they avoid burdening the respondent.

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition: