Defaulting Owner definition

Defaulting Owner has the meaning given in clause 9.1(a).
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Defaulting Owner shall have the meaning set forth in Section 7.1(c) of this Agreement
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Defaulting Owner has the meaning set forth in Section 2.1(b). “Director” means any member of the Board.
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Examples of Defaulting Owner in a sentence

  • The Defaulting Owner warrants to the Non-Defaulting Owner that it has good title to the assets to be transferred free from any Security Interest, pre-emptive rights, and other third party rights (other than a Cross Charge, a Permitted Security Interest and any Existing JV Arrangements).

  • The notice shall specify the default and the curative action to be taken by the Defaulting Owner.

  • However, the MACS Board or its delegates reserves the right to exercise administrative discretion in appropriate circumstances to suspend or terminate enrolment, where it is necessary to do so to avoid injury to the religious sensitivities of the Catholic school community.

  • The price of asymmetric trafficshould cover its pure long run marginal cost In general, economic theory affirms that it is efficient to price a product or service at its appropriate cost.

  • If the Non-Defaulting Owner contributes all or any portion of an amount required to be contributed by the Defaulting Owner (the “Default Contribution”), the Non-Defaulting Owner shall be entitled to enforce its common law rights as a co-tenant of the Property.


More Definitions of Defaulting Owner

Defaulting Owner has the meaning given to such term in Section 12.01.
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Defaulting Owner means a Co-Owner who has breached one or more of the terms and conditions contained in the Co- Owners Agreement and has failed to remedy the said breach within the time provided for herein;
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Defaulting Owner as defined in Article IV, Section 4.
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Defaulting Owner means the Owner who is in Default;
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Defaulting Owner means an Owner who fails to comply with the provisions of this Declaration.
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Defaulting Owner means an Owner that is in Default, including a Defaulting CPP Owner.
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Defaulting Owner means any Owner who is delinquent on its obligation to pay Assessments or other amounts due and payable pursuant to the terms of this Declaration or who has failed to perform other obligations required to be performed by this Declaration. For purposes of this Declaration, a Defaulting Owner may be the Condo-Hotel Association in the event it is requested by the Hotel Owner to collect and then it fails to collect Assessments from the Condo-Hotel Owners and/or remit to the Hotel Owner all amounts it is required to pay pursuant to this Declaration. The Hotel Owner may collect Assessments due pursuant to this Declaration directly from Condo-Hotel Owners.
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