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.
in default means, with respect to a State or national
in default means in breach of any provision of this Act or of any condition of a licence or of any provision of a petroleum agreement;
More Definitions of in default
in default. Any occurrence, circumstance, or state of facts with respect to the Borrower which (a) is an Event of Default; or (b) would become an Event of Default if any requisite notice were given and/or any requisite period of time were to run and such occurrence, circumstance, or state of facts were not absolutely cured within any applicable grace period.
in default means in breach of any provision of this Act or of any condition of a licence, any provision of a mining agreement or any direction given by the Minister;
in default means in breach of the provisions of this Act or the regulations or any condition of a Mineral Right;
in default means in breach of any provision of this Act or of any condition of a Mineral Right, a non-exclusive prospecting licence or a claim;
in default means in relation to a Debtor, past due in any payment obligations to you by more than the Maximum Extension Period, unless the total aggregate amount of such past due payment obligations does not exceed ten percent (10%) of the Protected Debtor Limit (Payment obligations that are disputed by the Debtor in writing will not be considered past due for the purposes of this definition unless the total amount disputed exceeds ten percent (10%) of the Protected Debtor Limit);