Minor Default definition
Minor Default means any Event of Default that is not a Major Default.
Minor Default means any Event of Default that is not a Major Default or an Unapproved Restricted Issuance Default.
Minor Default means any Event of Default that is not a Major Default. A15. “OID” means an original issue discount.
Examples of Minor Default in a sentence
Where the Supplier commits a Minor Default of the Contract, the Customer shall be entitled to issue the Supplier with an Improvement Notice.
Such Improvement Notice shall state the nature of the Minor Default and give the Supplier a minimum of ten (10) working days to remedy the Minor Default.
More Definitions of Minor Default
Minor Default shall have the meaning specified in Article 29.3.
Minor Default means any Event of Default that is not a Major Default or an Unapproved Variable Security Issuance Default.
Minor Default means any breach of the Call-Off Contract or the Order Form which may be either a partial breach or a breach not so severe as to warrant a Material Default
Minor Default means any breach of the Framework Agreement, the Call-Off Contract or the Order Form which may be either a partial breach or a breach not so severe as to warrant a Material Default
Minor Default means any breach of an obligation under this Lease for which the remedies of breach are expressly limited to either a Delay Fee or specific performance or both.
Minor Default means the occurrence of any one or more of the following events to the extent that it is not a Major Default: the failure of NPS to pay any monetary Obligations within five Business Days of the date on which such Obligations are due or payable; the failure of NPS to perform any non-monetary Obligation or covenant under the Security Agreement or the Purchase Agreement and such failure shall continue unremedied for a period of 60 days after written notice thereof; or any breach by NPS of any representation or warranty made by NPS in the Purchase Agreement (for certainty, including without limitation a breach of Section 4.1 (a) or 4.4 of the Purchase Agreement if such breach does not result in a Material Adverse Effect;
Minor Default means in relation to any Material Project Document, a default thereunder that (a) does not give the non-defaulting party the right to terminate such Material Project Document immediately, after the passing of time or upon the counterparty not satisfying any conditions to cure, (b) does not subject the Borrower to any liquidated damages, penalties, increased cost obligations or other remedial provisions thereunder, including in the case of a Lease, rent abatements, (c) could not reasonably be expected to result in the incurrence of any material Lien on the Project or (d) could not reasonably be likely to have a negative impact (other than de minimis impacts) on the Project Revenues or the ability of the Borrower (or any manager) and/or Tenant to use, maintain and/or operate the Project in any material manner