Monetary Default definition
Monetary Default shall have the meaning assigned to such term in Section 11(a).
Monetary Default means any Default involving the Borrower’s failure to pay any of the Obligations when due.
Monetary Default means a Default (i) that can be cured with the payment of money or (ii) arising pursuant to Section 17.1(a)(vi) or (vii).
Examples of Monetary Default in a sentence
The Junior Noteholder (while it is the Controlling Noteholder) shall have the right, but not the obligation, to cure such Monetary Default after receiving the first Monetary Default Notice and until the period ending seven (7) Business Days after receiving the second Monetary Default Notice (the “Cure Period”) and at no other times.
If the amount of a cure payment tendered by the Junior Noteholder is less than the amount necessary to effect a cure of a Monetary Default, such payment shall not effect a cure, but Junior Noteholder may effect a cure if it pays any deficiency within the Cure Period.
More Definitions of Monetary Default
Monetary Default means any Default involving Borrower's failure to pay any of the Obligations when due.
Monetary Default shall have the meaning assigned to such term in Section 32(a).
Monetary Default means Tenant’s failure to pay any Rent or other money (including Real Estate Taxes and insurance premiums) when and as this Lease requires.
Monetary Default means a default by a party in the payment of money (other than ordinary course expense reimbursements) when due under a contractual arrangement (determined without regard to any grace period otherwise specified), or a default by such party in the performance or observance of any other obligation thereunder (determined without regard to any grace period otherwise specified) that by its terms can be cured solely by the payment of money, that with the giving of notice or lapse of time or both, would become an event of default with respect to such party.
Monetary Default means the failure to pay when due any amounts payable under this Agreement.
Monetary Default means Lessee’s failure to pay any Rent or other money (including Real Estate Taxes and insurance premiums) when and as this Lease or the Development Contract requires.
Monetary Default means a default in the payment of principal or interest when due following the expiration of any cure period.