Monetary Default definition

Monetary Default shall have the meaning assigned to such term in Section 11(a).

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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

Notwithstanding the foregoing, upon the occurrence and during the continuance of a Monetary Default or any other Event of Default, the Borrower shall not have the right to request a Term SOFR Borrowing or an Daily Simple SOFR Borrowing, select a new Interest Period for an existing Term SOFR Borrowing or convert any Borrowing to a Term SOFR Borrowing or an Daily Simple SOFR Borrowing.
Provided there is no declared Monetary Default then existing and provided there is not an Event of Default relating to a breach of the financial covenants contained in Section 9.7 below, the Borrower may make distributions to the General Partner and the General Partner may make distributions to its shareholders.
Notwithstanding the foregoing, upon the occurrence and during the continuance of a Monetary Default or any other Event of Default, the Borrower shall not have the right to request a Term SOFR Borrowing or an Adjusted Daily Simple SOFR Borrowing, select a new Interest Period for an existing Term SOFR Borrowing or convert any Borrowing to a Term SOFR Borrowing or an Adjusted Daily Simple SOFR Borrowing.

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.

Monetary Default means the failure to pay when due any amounts payable under this Agreement.

Monetary Default means a default in the payment of principal or interest when due following the expiration of any cure period.

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.