in default definition

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. 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.

Examples of in default in a sentence

  • In default of the Contractor insuring as provided above, the Employer on his behalf, may so insure the works and may deduct the premia paid from any moneys due or which may become due to the Contractor without prejudice to the other rights of the Employer in respect of such default.

  • In default configuration those services uses local file system to keep data and exchange with each other, but for multiple nodes they must be configured to use shared client-server database, cache server and network filesystem (for multiple workers).

  • In default whereof the claim will be heard and determined in your absence.

  • In default of payment of fine simple imprisonment for one month to such convict; (j) for the offence under Section 412 IPC I award the punishment of ten years to each of the convict person and fine of Rs.5000/- to each of them.

  • In default, the hotel manager or any other authorised person may ask the Client to leave the hotel without any compensation being due or any refund being made.


More Definitions of in default

in default means breach of any provision of this Act, or of any condition of a licence, or of any provision of a relevant agreement of a kind referred to in section 47;
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 a failure to pay in full an invoiced amount by [the end of] the payment due date;
in default means in breach of the provisions of this Act or the regulations or any condition of a Mineral Right;
in default means a failure to pay in full an invoiced amount by the payment due date;
in default means that (a) there shall have occurred (or shall exist) in respect of the indebtedness in question (either as in effect at the date of this Agreement or as in effect at the time in question) any event, condition or other thing which constitutes, or which with the giving of notice or the lapse of any applicable grace period or both would constitute, a default which would permit any creditor or creditors or representative or creditors to accelerate the maturity of any such indebtedness; or (b) any such indebtedness (other than any payable on demand) shall not have been paid in full at its stated maturity; or (c) any such indebtedness payable on demand shall not have been paid in full within ten (10) Banking Days after any actual demand for payment; or