defaulted definition

defaulted. Program Loan is defined as a Program Loan where an event of default has occurred and remains uncured under the loan documents for such Program Loan.
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defaulted means failure to make a scheduled
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defaulted on the date which is the earlier of the mailing or recording of a notice of default to a loan debtor, or the date of filing (whether voluntarily or otherwise) of any petition under any provision of bankruptcy law in connection with such loan debtor.
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More Definitions of defaulted

defaulted means any Loan which has been charged-off, closed with a positive charge-off balance, or under which a vehicle has been repossessed.
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defaulted means failure to make a scheduled installment payment on a promissory note or failure to comply with other terms of a promissory note.
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defaulted means, when used with respect to any Securities, an --------- Event of Default shall have occurred and be continuing, but only if, in the case of an Event of Default referred to in Section 8.01(4), the written notice referred to in Section 8.01(4) has been given by the Trustee or by the Holders of at least 25% in Principal Amount of the Outstanding Securities.
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Related to defaulted

  • Defaulter means any person who owes arrears to the Municipality;

  • Defaulted Lease means any Lease that (a) by its terms, is delinquent more than 120 days, (b) by its terms is delinquent less than 120 days and the Servicer has (i) determined, in accordance with the Credit and Collection Policy, that eventual payment in full is unlikely or (ii) repossessed the related Leased Vehicle (including, but not limited to, as a result of the Lessee’s failure to maintain insurance coverage required by the Lease, the failure of the Lessee to timely or properly perform any obligation under the Lease, or any other act by the Lessee constituting a default under applicable law), or (c) the Servicer has received notification that the related Lessee is subject to bankruptcy proceedings under Chapter 13 under the Bankruptcy Code.

  • Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement

  • Defaulted Contract means a Contract with respect to which the Servicer commenced repossession or foreclosure procedures, made a sale of such Contract to a third party for repossession, foreclosure or other enforcement, or as to which there was a payment delinquent 180 or more days (excluding any Contract deemed delinquent solely because the Obligor's required monthly payment was reduced as a result of bankruptcy or similar proceedings).

  • Defaulted Advance means, with respect to any Lender Party at any time, the portion of any Advance required to be made by such Lender Party to the Borrower pursuant to Section 2.01 or 2.02 at or prior to such time that has not been made by such Lender Party or by the Administrative Agent for the account of such Lender Party pursuant to Section 2.02(e) as of such time. In the event that a portion of a Defaulted Advance shall be deemed made pursuant to Section 2.15(a), the remaining portion of such Defaulted Advance shall be considered a Defaulted Advance originally required to be made pursuant to Section 2.01 on the same date as the Defaulted Advance so deemed made in part.