Defaulted Payment definition

Defaulted Payment has the meaning specified in the definition ofDefaulting Lender”.
Defaulted Payment means, as of any date and in respect of any Eligible Note, any Interest Amount and/or Prin- cipal Amount not paid when due.
Defaulted Payment means, as of any date,

Examples of Defaulted Payment in a sentence

  • The Contributor’s purchase of the Purchased Interests following a Defaulted Payment in respect of Equity Contributions shall satisfy the Contributor’s obligation pursuant to Section 2.1 to make Equity Contributions to the extent of the Purchased Interests so purchased by the Contributor.

  • Defaulted Payment means, as of any date and in respect of any Eligible Note, any Interest Amount and/or Principal Amount not paid when due.

  • Any payment on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Payment Date (herein called “Defaulted Payment”) shall forthwith cease to be payable to the Holder on the relevant Record Date, and such Defaulted Payment may be paid by the Company to the Holder of the Security on a record date chosen by the Company and in any lawful and practicable manner.

  • If at any time after: (a) either of the Companies have defaulted in making any payment constituting Guaranteed Obligations (a “Defaulted Payment”) and (b) Guarantor has paid such Defaulted Payment pursuant to Section 3.1 of this Guaranty, Beneficiary receives all or a portion of the Defaulted Payment from either of the Companies, Beneficiary hereby agrees to immediately reimburse Guarantor in an amount equal to all or whatever portion of the Defaulted Payment it has received from such Company.

  • If an Event of Default with respect to this Note occurs and is continuing, the Holder may pursue any available remedy by proceeding at law or in equity to collect the Defaulted Payment or to enforce the performance of any provision of this Note in compliance with the terms and conditions of the Security Agreement.


More Definitions of Defaulted Payment

Defaulted Payment has the meaning specified in Section 4.1(b).
Defaulted Payment has the meaning specified in Section 10.14.
Defaulted Payment shall have the meaning assigned to such term in Section 5.1.
Defaulted Payment shall have the meaning ascribed thereto in Section 2.10.
Defaulted Payment has the meaning set forth in Section 8 hereof.
Defaulted Payment has the meaning given in Section 4.01.
Defaulted Payment has the meaning specified in Section 2.01(d).