Non-Monetary Default definition
Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).
Non-Monetary Default shall have the meaning assigned to such term in Section 32(d).
Non-Monetary Default means any default which is not a Monetary Default or an Incurable Default. As used herein, the term "Incurable Default" shall mean (i) any voluntary or involuntary sale, assignment, encumbering or transfer in violation of the covenants of Section 30 the Security Deed or (ii) if Maker or its general partner should make an assignment for the benefit of creditors, become insolvent, or file a petition in bankruptcy (including but not limited to, a petition seeking a rearrangement or reorganization).
Examples of Non-Monetary Default in a sentence
The Non-Monetary Default Notice shall contain a statement that the Controlling Noteholder’s or the Controlling Noteholder Representative’s failure to cure such Non-Monetary Default within the applicable Non-Monetary Default Cure Period after receiving such notice will result in the termination of the right to cure such Non-Monetary Default.
More Definitions of Non-Monetary Default
Non-Monetary Default means an Event of Default other than a Monetary Default.
Non-Monetary Default means the occurrence of any default, other than the failure to pay principal, premium or interest, on the Bonds or any document or instrument related to the Bonds.
Non-Monetary Default means the Operator’s: (a) failure to comply with any affirmative or negative covenant or obligation in this Agreement, except a Monetary Default; or
Non-Monetary Default means any default under Section 8 of this Agreement other than a Monetary Default.
Non-Monetary Default shall have the meaning set forth in Section 8.1(b) below.
Non-Monetary Default shall have the meaning ascribed thereto in Section 8(d). 15
Non-Monetary Default means any failure by Tenant to comply with any terms or provisions of, or perform as required by, this Restated Lease, other than a Material Monetary Default or a Non-Material Monetary Default. A Bankruptcy Default shall be considered a Non-Monetary Default.