Default Share definition

Default Share means any share in relation to which a default has occurred in accordance with Article 10.5.
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Default Share means, for purposes hereof, a fraction, the numerator of which shall be the original principal amount of the Loan, less the aggregate amount from the Borrower Principal Sub-Account applied to the principal payment or redemption of the Series 2009 Bonds, and the denominator of which shall be the outstanding principal amount of the Series 2009 Bonds on the date of determination.
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Default Share means, as to any Bank, that Bank's appropriate share of any payments, collections and proceeds received by an Agent after the occurrence of an Event of Default, as provided in SECTION 10.2.
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Examples of Default Share in a sentence

  • The Default shares are due within five (5) Business Days of the date that the Holder delivers a Default Exercise Notice to the Company with the original Warrant (if delivery of the original is required hereunder) (the "Default Share Delivery Deadline").

  • Upon a Default Exercise, the Company shall be required to deliver a number of Common Shares to the Holder equal to the applicable Default Share Amount (as described above).

  • The rights and remedies of Holder under this Note shall be cumulative and not alternative, including, without limitation, the Adjusted Interest Rate, the Daily Default Share Amount and any right to acceleration and collection of the amounts due hereunder, all of which shall be available cumulative rights and remedies of Holder hereunder and none of such rights and remedies shall be deemed to be in lieu of one another or any other right to collect the amounts owed hereunder or otherwise.

  • Upon a Default Exercise, the Company shall be required deliver a number of Common Shares to the Holder equal to the applicable Default Share Amount.

  • If the Company elects to assign its rights pursuant to this Section 5.02(b), the Company shall provide a Default Share Notice (as defined below) to each of the Company Call Assignees advising them of such election.

  • Upon a Default Exercise occurring after the Shareholder Issuance Approval Deadline (as defined in the Securities Purchase Agreement), the Company shall be required deliver a number of Common Shares to the Holder equal to the applicable Default Share Amount (as described above), up to any Exchange Cap Limitations (as defined below).

  • The Default Share Notice shall be delivered to LGB LLC (who shall forward such notice to each other member of the LGB Group).

  • Each Bank's interest under the Loan Documents shall be payable solely from payments, collections and proceeds actually received by the appropriate Agent under the Loan Documents; and each Agent's only liability to a Bank with respect to any such payments, collections and proceeds shall be to account for such Bank's Percentage (or Default Share, as the case may be) of such payments, collections and proceeds in accordance with this Agreement.

  • If the Agent is required for any reason to refund any such payments, collections or proceeds, each Bank will refund to the Agent, upon demand, its Percentage (or Default Share, as the case may be) of such payments, collections or proceeds, together with its Percentage (or Default Share, as the case may be) of interest or penalties, if any, payable by the Agent in connection with such refund.

  • Such Default Notice shall constitute an offer by the Company to sell to such Non-defaulting Purchaser a number of shares of Class A Common (the "New Shares") up to such Non-defaulting Purchaser's Pro Rata Share (as defined below) of such New Shares for a purchase price equal to the Default Share Purchase Price.


More Definitions of Default Share

Default Share means a redeemable non-participating share of a nominal value of US$0.01 in the capital of the Company having the rights and privileges and being subject to the restrictions contained in these articles, arising on the reclassification of Special Voting Loyalty Shares pursuant to articles 11(1)(e)(ii), 11(2)(c)(i), 11(5)(c) and 11(5)(d);
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Default Share has the meaning given in Section 9.5.
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Related to Default Share

  • 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;’;

  • 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.

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

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • 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.