DEFAULT shall definition

DEFAULT shall mean any event specified in Section 10.1 of Article 10 hereof, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act, has been satisfied.
DEFAULT shall mean "Default" as defined in the Credit Agreement and "L/C Default" shall mean any default under the Citicasters L/C Documents.
DEFAULT shall mean the occurrence of any event hereunder or under any other Loan Document which, but for the giving of notice or passage of time, or both, would be an Event of Default.

Examples of DEFAULT shall in a sentence

  • Without limiting the generality of the foregoing, BANK’s waiver of an EVENT OF DEFAULT shall not constitute a waiver of acceleration in connection with any future EVENT OF DEFAULT.

  • For this to work, the doctor needs to value, and be aware of the, social activities available in the local area and to link people up with them.

  • PROMOTER’S DEFAULT shall mean the rights mentioned in the Part II of the Tenth Schedule hereto to which the purchasers shall be entitled in case of any default or breach by the Developer/Promoter.

  • For purposes of this Note, the term "MONETARY DEFAULT" means a failure by Maker to make any payment required pursuant to this Note or any other Loan Document, and the term "NONMONETARY DEFAULT" shall mean a failure by Maker to perform any obligation contained in this Note or any other Loan Document, other than the obligation to make the payments provided for in this Note or any other Loan Document.

  • Although the principles and other parts of this DSOP refer to the closed book, measurement of a closed book reflects run-off assumptions if, and only if, this is a reasonable and supportable estimate of what will occur.

  • EVENT OF DEFAULT OR DEFAULT shall mean the occurrence of any of the following events: 1.

  • THE TERM "EVENT OF DEFAULT" shall mean an Event of Default under the Loan Agreement beyond any applicable grace and cure period.

  • The term "FINANCIAL COVENANT DEFAULT" shall mean an Event of Default which results solely from the violation of any now existing or hereafter arising financial covenant contained in the Loan Agreement, including, by way of illustration, those specific financial covenants set forth in Sections 6.16, 6.17, 6.18, 6.19, and 6.20 of the Loan Agreement and any supplement, addition, modification or amendment to those specific financial covenants.

  • LPS DEFAULT shall maintain all direct contact with the loan servicing customer and work with the customer on processing appropriate information requested by the mortgagor.

  • Both parties acknowledge and agree that the obligations set forth herein, which by their nature are intended to survive, including but not limited to the Articles entitled: DELIVERABLES, USE OF INFORMATION, WARRANTY, INDEMNIFICATION, COMPLIANCE WITH LAWS, and INSURANCE AND LIABILITY, CONTROLLING LAW, GENERAL, RELEASES VOID, ESCROW AGREEMENT and TERM, TERMINATION AND DEFAULT shall survive expiration or termination of this Agreement.

More Definitions of DEFAULT shall

DEFAULT shall mean with respect to a party that (i) any representation or warranty of such party shall have been untrue in any material respect when made or (ii) such party shall have failed to perform any material obligation set forth herein within 60 days following written notice of such failure and demand for performance from the other party. [ * ] [ * ] LICENSE AGREEMENTS shall mean the License Agreement between [ * ] and Guilford dated [ * ], and the [ * ] License Agreement between [ * ] and Guilford [ * ]. MULTIPLE SCLEROSIS shall mean [*] NET SALES shall mean [*] NEUROPATHY shall mean [*] [ * ] PARKXXXXX'X XXXEASE shall mean [*] PATENTED PRODUCT shall mean a Licensed Product the sale of which would infringe one or more claims of a valid, issued patent included in the Collaboration Technology in the * Confidential Portions Omitted and Supplied Separately to the Securities and Exchange Commission.
DEFAULT shall means those events set forth in Section 13 of this Agreement Determination Date shall mean the date of any Collateral Report, inspection or any other date on which a paydown is otherwise required under this Agreement Equity Issuance shall mean any issuance by the Dealer or any subsidiary to any Person which is not a Credit Party of (i) shares of its Capital Stock, (ii) any shares of its Capital Stock pursuant to the exercise of options or warrants or (iii) any shares of its Capital Stock pursuant to the conversion of any debt securities to equity. The term ‘Equity Issuance’ shall not include any Asset Disposition, any Debt Issuance or the issuance of common stock of the Dealer and its subsidiaries to its officers, directors or employees in connection with stock offering plans and other benefit plans of the Dealer or its subsidiaries. ESP Reserve shall mean, as of any date of termination, the sum of the current and long term portions of deferred revenue from the sale by the Dealer of extended service plans and extended warranties.
DEFAULT shall have the meaning given in Section 14.1.

Related to DEFAULT shall

  • Default Supplier means a Retailer appointed by EDTI pursuant to section 3 of the RRR Regulation;

  • Lender Default means (i) the refusal or failure of any Lender to make available its portion of any incurrence of Loans, which refusal or failure is not cured within one Business Day after the date of such refusal or failure, unless such Lender notifies the Administrative Agent in writing that such refusal or failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in writing) has not been satisfied, (ii) the failure of any Lender to pay over to the Administrative Agent, any Swingline Lender, any Letter of Credit Issuer or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, (iii) a Lender has notified, in writing, the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, or a Lender has publicly announced that it does not intend to comply with its funding obligations under other loan agreements, credit agreements or similar facilities generally, (iv) a Lender has failed to confirm in a manner reasonably satisfactory to the Administrative Agent that it will comply with its funding obligations under this Agreement, (v) a Distressed Person has admitted in writing that it is insolvent or such Distressed Person becomes subject to a Lender-Related Distress Event or (vi) a Lender has become the subject of a Bail-in Action.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Default Date has the meaning set forth in Section 3.3(a).

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • Default Effect means multiplying the Outstanding Balance as of the date the applicable Event of Default occurred by (a) 15% for each occurrence of any Major Default, or (b) 5% for each occurrence of any Minor Default, and then adding the resulting product to the Outstanding Balance as of the date the applicable Event of Default occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Event of Default occurred; provided that the Default Effect may only be applied three (3) times hereunder with respect to Major Defaults and three (3) times hereunder with respect to Minor Defaults; and provided further that the Default Effect shall not apply to any Event of Default pursuant to Section 4.1(b) hereof.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.

  • default fund means a default fund held by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012;

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

  • 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.

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Default Loan shall have the meaning provided in Section 5.2(b)(1).

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Purchaser Default has the meaning set forth in Section 12.2 (a).

  • Servicer Default means an event specified in Section 8.01.

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

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Mandatory Prepayment Event has the meaning specified in Section 2.03(b)(i).