Defaulted Transaction definition

Defaulted Transaction means any Defaulted Lease Transaction, Defaulted Lease Finance Transaction, Defaulted Loan Transaction or Defaulted Re-lease Transaction.
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Defaulted Transaction means a Transaction in which an Obligor is in default.
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Defaulted Transaction means a Purchased Transaction purchased by Purchaser hereunder concerning which a default or material breach by the Obligor has occurred under one or more of the Transaction Documents applicable thereto and such default or material breach has remained uncured by the Obligor for a period of not less than thirty (30) days after the occurrence of such default or breach.
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Examples of Defaulted Transaction in a sentence

  • Notwithstanding such assignment, Seller shall exert its best efforts on a non-discriminatory basis to remarket any Vehicle that is the subject of any Defaulted Transaction or which is not purchased by the Obligor under a true lease Transaction at the end of the term thereof, and shall be responsible for all efforts, cost and expenses in connection with the remarketing of any Vehicle sold to Purchaser hereunder.

  • An Event of Default with respect to one Transaction shall not, in and of itself, constitute an Event of Default with respect to another Transaction or give the Non-Defaulting Party the right to terminate any Transaction other than the Defaulted Transaction.

  • In the event that an Obligor defaults on its Transaction prior to the Transaction’s expiration (a “Defaulted Transaction”), Servicer shall (A) promptly notify Element of such default, and (B) inform Element, in writing, of Servicer’s planned course of action, under this Section 2(c) of the Third Amended Agreement, with respect to the Vehicle associated with such Defaulted Transaction (the “Defaulted Vehicle”).

  • NMHG or its delegate shall, at NMHG’s sole cost and expense (unless otherwise agreed to between NMHG and NFS for situations where the Customer returns more than 20 units of Equipment at once to a single location), store any Equipment that is returned to NFS following the expiration or termination of the related Lease Transaction, Lease Finance Transaction or Re-lease Transaction, (including any Defaulted Transaction where NFS has made the Equipment Legally Available).

  • With respect to any Defaulted Transaction, Servicer shall first determine the then current market value of the Defaulted Vehicle (the “Current Vehicle Value”), as well as the then current Net Book Value of the Defaulted Transaction (the “Current NBV”).

  • With respect to any Defaulted Transaction, Servicer shall first determine the then current market value of the Defaulted Vehicle (the “Current Vehicle Value”), as well as the then Current NBV of the Defaulted Transaction.

  • Except as otherwise provided below, for all Equipment (other than Equipment subject to a Syndicated Transaction) leased or otherwise financed by NFS under any Lease Transaction, Re-lease Transaction, Loan Transaction or Lease Finance Transaction (including any Defaulted Transaction), NFS hereby appoints NMHG as its remarketing supplier to provide, and NMHG hereby agrees to provide, Remarketing Services (as defined below) to NFS in connection with such Equipment.

Related to Defaulted Transaction

  • Termination Transaction has the meaning set forth in Section 11.2.B hereof.

  • Designated Transaction means a Transaction which fulfils the following requirements:

  • Bundled transaction means the purchase of 2 or more distinct and identifiable products, except real property and services to real property, where the products are sold for a single nonitemized price. A bundled transaction does not include the sale of any products in which the sales price varies, or is negotiable, based on the selection by the purchaser of the products included in the transaction. As used in this subdivision:

  • Distribution Transaction means any distribution of equity securities of a Subsidiary of the Company to holders of Common Stock, whether by means of a spin-off, split-off, redemption, reclassification, exchange, stock dividend, share distribution, rights offering or similar transaction.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.