Defaulting Person definition

Defaulting Person is defined in Section 8.01; “Destruction” is defined in Section 10.01;
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Defaulting Person means any Owner, Exchange User, Occupant or other person who violates any part of this Agreement and the Rules. A Defaulting Person includes anyone who:
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Defaulting Person shall have the meaning ascribed to it in section 5.1.5 of Part C (Secondment) of the Supplier Terms;
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Examples of Defaulting Person in a sentence

  • The Association may take all rents and other monies arising from the Use Period of a Defaulting Person.

  • A lawsuit may be commenced against the Defaulting Person for any remedy or relief generally given or allowed by law or specifically given or allowed by this Agreement and the Rules.

  • The Defaulting Person must pay back all advances as a Personal Charge.

  • The Defaulting Person would remain responsible for the Owner’s unpaid Charges in full, including interest and late charges, receiving no compensation for any such rents arising from the use of any forfeited assigned weeks.

  • To collect any money that is owed by a Defaulting Person, the Association can debit Proceeds held by the Association on behalf of the Defaulting Person.

  • The Defaulting Person would remain responsible for the Owner’s unpaid Charges in full, including interest and late charges, receiving no compensation for any such rents arising from the use of any forfeited A Defaulting Person also includes any Trespasser or Vandal and any Infringing Owner.


More Definitions of Defaulting Person

Defaulting Person means the person or entity who commits an Assessment Default.
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Defaulting Person has the meaning specified in Section 6.6(d).
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Defaulting Person has the meaning given in clause 10.5;
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Defaulting Person means any Person that (a) has failed to fund any portion of the Loans required to be funded by it hereunder when required to be funded by it hereunder, (b) has otherwise failed to pay over to the Administrative Agent or any Holder any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding.
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Related to Defaulting Person

  • Defaulting Shareholder has the meaning set out in clause 16.7;

  • Defaulting Participant means a Participant which the Project Committee has declared to be in substantial breach of this Consortium Agreement or the PPP Allowance Agreement in accordance with Sections 3.5 and 6.5 of this Consortium Agreement;

  • Defaulting Party has the meaning specified in Section 6(a).

  • Defaulting Entity shall have the meaning set forth for such term in Section 6.02(a) hereof. “Deficiency Amount” shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Non-Defaulting Party has the meaning specified in Section 6(a).

  • Defaulting Lender Rate means (a) for the first 3 days from and after the date the relevant payment is due, the Base Rate, and (b) thereafter, the interest rate then applicable to Advances that are Base Rate Loans (inclusive of the Base Rate Margin applicable thereto).

  • Non-Defaulting Lender means, at any time, each Lender that is not a Defaulting Lender at such time.

  • Ultimate controlling person means that person which is not controlled by any other person.

  • Subject Person has the meaning assigned to such term in the definition of “Consolidated Net Income”.

  • Exempted Person means the Sponsor, its members and its affiliates, any of their respective direct or indirect transferees of at least 15% of the Corporation’s outstanding common stock and any “group” of which any such person is a part under Rule 13d-5 of the Exchange Act.

  • young person means a person who falls within the definition of qualifying young person in section 142 of the SSCBA.

  • Proposing Person means (1) the Record Stockholder providing the notice of business proposed to be brought before an annual meeting or nomination of persons for election to the Board at a stockholder meeting, (2) the beneficial owner or beneficial owners, if different, on whose behalf the notice of business proposed to be brought before the annual meeting or nomination of persons for election to the Board at a stockholder meeting is made, and (3) any Associated Person on whose behalf the notice of business proposed to be brought before the annual meeting or nomination of persons for election to the Board at a stockholder meeting is made;

  • Permitted Holders means, at any time, each of (i) the Sponsors, (ii) the Management Group, (iii) any Person that has no material assets other than the Capital Stock of the Issuer and, directly or indirectly, holds or acquires 100% of the total voting power of the Voting Stock of the Issuer, and of which no other Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), other than any of the other Permitted Holders specified in clauses (i) and (ii) above, holds more than 50% of the total voting power of the Voting Stock thereof and (iv) any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) the members of which include any of the Permitted Holders specified in clauses (i) and (ii) above and that, directly or indirectly, hold or acquire beneficial ownership of the Voting Stock of the Issuer (a “Permitted Holder Group”), so long as (1) each member of the Permitted Holder Group has voting rights proportional to the percentage of ownership interests held or acquired by such member and (2) no Person or other “group” (other than the Permitted Holders specified in clauses (i) and (ii) above) beneficially owns more than 50% on a fully diluted basis of the Voting Stock held by the Permitted Holder Group. Any Person or group whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture will thereafter, together with its Affiliates, constitute an additional Permitted Holder.