Default Transaction definition

Default Transaction means a transaction of any kind engaged in by a Settlement Class Member up to and including April 30, 2009 with Money Mart, the Former Franchisees and/or the Current Franchisees which resulted in a default by that Settlement Class Member in respect of which there is still an amount owing by the Settlement Class Member on December 31, 2009;
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Examples of Default Transaction in a sentence

  • In the absence of receipt of such notice or actual knowledge, the Indenture Trustee may conclusively assume that there is no such default, Default, Event of Default, Transaction Manager Termination Event or event.

  • The format and type of Transactions which the Authority may enter into shall include, as a minimum: Market Transactions; Market Instruction Transactions; Index Transactions; Third Party Transactions; Default Transaction; and Balance of Month Transactions.

  • The Master Manager has no knowledge of any Master Manager Default, Transaction Manager Default or Indenture Event of Default or any event which the Master Manager reasonably believes will result in the occurrence of an Indenture Event of Default, Transaction Manager Default or Master Manager Default.

  • Seller shall be unconditionally and irrevocably obligated to repurchase each such First Payment Default Transaction within ten (10) Business Days after Seller receives each such First Payment Default Transaction Demand Notice.