Extension Default definition

Extension Default means any one of the events or circumstances described in Section 10.
Extension Default occurs if:
Extension Default means the occurrence of any Event of Default under any of clauses (7) or (8) of Part IV (Events of Default and Remedies) of Schedule 9 (Restrictive Covenants and Events of Default) and Clause 22.2 (Non-Payment) in relation to an Obligor or the Parent Guarantor that remains unremedied and unwaived.

Examples of Extension Default in a sentence

  • If no password is set, then the Extension Default Password is used if set (see Default Extension Password ).

  • Cardholder InformationCardholder’s Name: Employee ID: Cardholder’s Cell Phone1: Cardholder’s Extension: Default Project Number: Dept.


More Definitions of Extension Default

Extension Default is amended in its entirety so that, as amended, it provides as follows:
Extension Default means (i) all "Defaults" as defined in the Credit Agreement, (ii) all "Defaults" as defined in the Note Purchase Agreement, (iii) National's failure to comply with any term or provision of this Limited Term Extension, or (iv) the payment by National of any portion of the principal obligations owed to Browx Brothers Harrxxxx & Xo.
Extension Default means the occurrence of any Event of Default or any event that with the giving of notice or the lapse of time could become an Event of Default other than the failure to pay the principal balance of the Bridge Loans or the Conversion Notes on the Initial Maturity Date.
Extension Default means (i) all "Defaults" as defined in the Credit Agreement, (ii) all "Defaults" as defined in the Note Purchase Agreement, (iii) any reconstitution, suspension or disbandment of the Special Committee which precedes issuance of the Special Committee Report, (iv) any abandonment, interruption or disruption in the conduct of the Special Committee Investigation or in the preparation of the Special Committee Report, (v) National's failure to comply with any term or provision of this Limited Term Extension, or (vi) any demand upon National for payment or attempt to collect outstanding indebtedness by Browx Xxxthers Harrxxxx & Xo.
Extension Default means the occurrence of any one or more of the following: (i) any Payment Default, (ii) any acceleration of any of the Credit Facilities, or (iii) any Default or Event of Default under Section 7.1(h).

Related to Extension Default

  • Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of Default.

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for thirty (30) days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

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

  • Non-Defaulting Bank means each Bank other than a Defaulting Bank.

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

  • Non-Defaulting Member means a Member who is not a Defaulting Member.

  • Registration Default As defined in Section 5 hereof.

  • Registration Default Period shall have the meaning assigned thereto in Section 2(c).

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p) of this Note.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Funding Default as defined in Section 2.22.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Existing Defaults means, collectively, the Events of Default identified on Exhibit A hereto.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Grace Period Extension Date means, if:

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Lender Default means (i) the refusal or failure of any Lender to make available its portion of any incurrence of Loans, which refusal or failure is not cured within one Business Day after the date of such refusal or failure, unless such Lender notifies the Administrative Agent in writing that such refusal or failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in writing) has not been satisfied, (ii) the failure of any Lender to pay over to the Administrative Agent, any Swingline Lender, any Letter of Credit Issuer or any other Lender 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, (iii) a Lender has notified, in writing, the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, or a Lender has publicly announced that it does not intend to comply with its funding obligations under other loan agreements, credit agreements or similar facilities generally, (iv) a Lender has failed to confirm in a manner reasonably satisfactory to the Administrative Agent that it will comply with its funding obligations under this Agreement, (v) a Distressed Person has admitted in writing that it is insolvent or such Distressed Person becomes subject to a Lender-Related Distress Event or (vi) a Lender has become the subject of a Bail-in Action.

  • Extension Deadline means, with respect to a letter of credit, the Cutoff Time on the Business Day preceding the day on which the letter of credit expires.