Defaulted Agreement definition
Defaulted Agreement shall have the meaning assigned thereto in SECTION 6.1(f).
Defaulted Agreement shall have the meaning specified in the definition of "Liquidation Event" herein.
Defaulted Agreement means an Agreement in respect of which the Receivables are Defaulted Receivables.
Examples of Defaulted Agreement in a sentence
Upon the occurrence and during the continuance of an Actionable Default, any amounts on deposit in the Collateral Account shall, at the written request of a Defaulted Agreement Party (with a copy to USI), and with the written consent of the Required Representatives, be distributed as provided in this Article V.
Upon the occurrence and during the continuance of an Actionable Default, any amounts on deposit in the Collateral Account shall, at the written request of a Defaulted Agreement Party (with a copy to the Grantor), and with the written consent of the Required Representatives, be distributed as provided in this Article V.
More Definitions of Defaulted Agreement
Defaulted Agreement means any lease, license or other agreement between a Former Occupant and a Property Owner in which Former Occupant has defaulted under its obligation to pay the applicable Property Owner a sum of money, and such amounts remain unpaid as of the Effective Date or as of the Closing Date (and collectively, “Defaulted Agreements”). Buyer and Seller agree that Seller may update Schedule 5.1(a)-1, 5.1(a)-2 and/or 5.1(a)-3 with respect to any defaults involving Pre-Closing Rents that may exist as of the Closing Date.