Default Termination Notice definition

Default Termination Notice has the meaning specified in Section 2.01(b).
Default Termination Notice has the meaning specified in Section 2.01(e).
Default Termination Notice has the meaning given to that term in Condition 51.6;

Examples of Default Termination Notice in a sentence

  • Each Standby Letter of Credit shall contain a provision authorizing the Issuing Bank that issued such Letter of Credit to deliver to the beneficiary of such Letter of Credit, upon the occurrence and during the continuance of an Event of Default, a notice (a "Default Termination Notice") terminating such Letter of Credit and giving such beneficiary 15 days to draw such Letter of Credit.

  • During the period after the Lease Termination Date or the effective date of a Default Termination Notice or the effective date of a Termination Notice for Extensive Damage or Destruction of Improvements, as applicable, until the date on which Lessee satisfies its obligations under Section 10.1, all obligations set forth in Articles XI, XIII, and XV, and Sections 16.2.2, 16.3.3 and 16.4 shall remain in full force and effect.

  • If the CfD Counterparty gives a Default Termination Notice to the Generator, this Agreement shall terminate on the Designated Termination Date even if the Termination Event is no longer continuing on the Designated Termination Date.

  • Each Letter of Credit shall contain a provision authorizing the Issuing Bank that issued such Letter of Credit to deliver to the beneficiary of such Letter of Credit, upon the occurrence and during the continuance of an Event of Default, a notice (a "Default Termination Notice") terminating such Letter of Credit and giving such beneficiary 15 days to draw such Letter of Credit.

  • The termination shall be effective thirty (30) days after the date of the Default Termination Notice, provided such notice is properly delivered by certified mail or by overnight mail (the “Default Termination Effective Date”).


More Definitions of Default Termination Notice

Default Termination Notice has the meaning given in Clause 23.12.1;
Default Termination Notice has the meaning given to that term in Condition 51.6; “Deficient Collateral Amount” has the meaning given to that term in Condition 56.5(B);
Default Termination Notice means a written notice:
Default Termination Notice means the written notice sent by AFRH to Lessee notifying Lessee that an Event of Default has occurred and providing for termination of the Lease.
Default Termination Notice shall have the meaning given to such term in Section 16.6(d)(iii).
Default Termination Notice set forth in Section 1.01 of the Credit Agreement is hereby deleted in its entirety.
Default Termination Notice is defined in Paragraph 23(a)(i).