Defaulting Investor definition

Defaulting Investor is defined in the definition of “Exclusion Event” herein.

Defaulting Investor means any Investor that has (a) failed to make a payment required to be made by it under the terms of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder, (b) notified the Administrative Agent in writing that it does not intend to make any payment required to be made by it under the terms of this Agreement within one (1) Business Day of the day such payment is required to be made by such Investor thereunder or (c) become the subject of an Event of Bankruptcy.

Defaulting Investor is any Investor that has not funded any portion of a Capital Call made by the applicable Borrower when due in accordance with such Capital Call and has not cured such failure in accordance with the applicable Subscription Agreement, unless Administrative Agent elects in writing, in its sole discretion, to waive any such failure.

Examples of Defaulting Investor in a sentence

• Each Borrower Party shall promptly notify Administrative Agent in writing upon becoming aware: (a) that any Investor has violated or breached any material term of the Operating Agreement or has become a Defaulting Investor; or (b) of the existence of any condition or event which, with the lapse of time or giving of notice or both, would cause an Investor to become a Defaulting Investor.

• If at that time there are insufficient Partnership Assets available to pay the foregoing amount, the Defaulting Investor shall have no further rights in respect of the shortfall.

• Any interest paid under clause 6.12 shall be: (a) in addition to the Defaulting Investor's Commitment, shall not reduce the Undrawn Commitment of the Defaulting Investor and shall not be reflected in any Partner accounts; and (b) paid to the Partnership for the account of the non-Defaulting Investors pro rata to their Commitments.

• If the Investor has not remedied such default by paying the full amount of the Default Amount and any accrued interest at the expiry of 30 days from the date of such notice, the Manager shall, unless each of the Investors (other than the potential Defaulting Investor) otherwise agree, deem such Investor to be a "Defaulting Investor".

More Definitions of Defaulting Investor

Defaulting Investor is defined in Section 2.01(c) hereof.

Defaulting Investor shall have the meaning set forth in Section 5.5(b).

Defaulting Investor has the meaning given in Clause 7.3;

Defaulting Investor means any Investor that has (a) failed to make a payment required to be made by it under the terms of the Series 2014-1 Class A-1 Note Purchase Agreement within one Business Day of the day such payment is required to be made by such Investor thereunder, (b) notified the Administrative Agent in writing that it does not intend to make any payment required to be made by it under the terms of the Series 2014-1 Class A-1 Note Purchase Agreement within one Business Day of the day such payment is required to be made by such Investor thereunder or (c) become the subject of an Event of Bankruptcy.

Defaulting Investor has the meaning assigned to it in Section 8.15 hereof.

Defaulting Investor is any Investor:

Defaulting Investor has the meaning specified in Section 2.3(a).