Defualt definition

Defualt means the occurrence of one or more of the following events:
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Examples of Defualt in a sentence

  • To save the file to a differrent name, un-check the Use Defualt File Name and enter a file name in the Save to File Name box.

  • In the event of any monetary Defualt hereunder that remains uncured after the passage of any applicable cure period, as set forth herein, Tenant hereby irrevocably assigns to Landlord the right to collect all Rent and additional charges due Tenant as Sublandlord from any subtenant.

  • In addition and without prejudice to the obligations of the Pledgor pursuant to Clauses 5.3 and 5.4 above, the Pledgor shall notify the Pledgee promptly of any event or circumstance which could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or otherwise cause an Event of Defualt.

  • The purchase price paid for a First Payment Defualt Mortgage Loan which is required to be repurchased by a Transferor pursuant to the Commitment Letter.

  • Concurrently with the execution and delivery of this Agreement, the Depositor does hereby assign to the Trustee all of its rights and interest under the Mortgage Loan Sale Agreement, including all rights of the Seller under the Servicing Agreement and the Transfer Agreement (including the right to enforce the Transferor’s obligation with respect to First Payment Defualt Mortgage Loans pursuant to the Commitment Letter) but only to the extent assigned under the Mortgage Loan Sale Agreement.

  • In addtion, if, prior to the Optional Prepayment Date, the Loan has been accelerated based on an Event of Defualt, there shall also be due and payable to Payee on the accelerated maturity date an amount equal to the excess, if any, of (a) the amount of a Defeasance Deposit for the purchase of Federal Obligations necessary to meet the Scheduled Defeasance Payments described in clause (a) of the definition of "Scheduled Defeasance Payments" over (b) the Principal Amount.

  • Use Defualt File Name – When this option is checked, the file name will be saved using that days date.

  • Upon the occurrence of an Event of Defualt, the entire Principal Amount, accrued inte▇▇▇▇ ▇nd all other sums due and payable hereunder, under the Morgages or other Loan Documents shall become immediately due and payable at the option of Payee and immediately, and without notice to Maker, interest on the Principal Amount shall accrue at the Default Rate.