Note Default definition

Note Default means an “Event of Default” as defined in the Indenture.

Note Default means an “Event of Default” as defined in the Indenture or in any Additional Pari Passu Notes Agreement.

Note Default means, with respect to the DCC Notes, any default or event of default, or any event or condition that with the passage of time or the giving of notice or both would constitute a default or event of default, now in existence or hereafter occurring under or in respect of the DCC Notes and the other Existing DCC Note Documents, including, but not limited, any default or event of default that may have occurred as a result of the Bankruptcy Cases.

Examples of Note Default in a sentence

• Upon maturity or following the occurrence of any event which entitles Lender to accelerate the indebtedness evidenced hereby, all payments received on account of the indebtedness evidenced hereby shall be applied, in whatever order, combination and amounts as Lender, in its sole and absolute discretion, decides, to all costs, expenses and other indebtedness, if any, owing to Lender by reason of this Note; Default Interest, Interest; and principal.

• In the event that an Enforcement Date occurs, the Notes shall (unless already accelerated pursuant to the delivery of a Note Default Notice or otherwise) become immediately due and payable in accordance with Condition 6.2 (Redemption on or after the Notes Termination Date) without any further notice or other action on the part of the Security Trustee, the Note Trustee or the Noteholders.

• If no Default, Event of Default or Exchange Note Default has occurred and is continuing, the Servicer may instruct the Indenture Trustee to invest any funds in the Bank Accounts in Permitted Investments and, if investment instructions are received, the Indenture Trustee will direct the Qualified Institution maintaining the Bank Accounts to invest the funds in the Bank Accounts in those Permitted Investments.

• Any Permitted Investments with a maturity date will be held to their maturity, except that such Permitted Investments may be sold or disposed of before their maturity (i) if they relate to funds in the Reserve Account required to satisfy the Reserve Account Draw Amount on a Payment Date or (ii) in connection with the sale or liquidation of the Leases and Leased Vehicles following an Exchange Note Default under Section 6.6(a) of the Credit and Security Agreement.

• The Notes will become immediately due and payable in accordance with Condition 6.2 ( Redemption on or after the Notes Termination Date) without any further notice or other action on the part of the Note Trustee or the Noteholders on the date a Note Default Notice is delivered by the Note Trustee to the Issuer pursuant to the Note Trust Deed (the "Note Default Notice Delivery Date").

• BY THE COURT REGISTRAR Note: Default judgment after assessment of damages is to be in Form 35.

• When the Administrative Agent or the Collateral Agent incurs expenses after the occurrence of a Lending Facility Default or an Exchange Note Default the expenses are intended to constitute expenses of administration under the Bankruptcy Code or any other applicable federal or State bankruptcy, insolvency or similar law.

• No delay or omission of the Lender or any Exchange Noteholder of any Exchange Note to exercise any right or remedy accruing upon any Lending Facility Default or Exchange Note Default shall impair any such right or remedy or constitute a waiver of any such Lending Facility Default or Exchange Note Default or an acquiescence therein.

• The " Enforcement Date" shall be the date which is the earliest of (1) the Note Default Notice Delivery Date, (2) the date that an Enforcement Notice is delivered to the Issuer pursuant to the Security Trust Deed and(3) the date upon which a Swap Acceleration Event occurs (without the need for any further notice or other action on the part of the Security Trustee).

• The Issuer shall procure that the Noteholders are notified (in accordance with Condition 20 ( Notices)) of the receipt by the Issuer of a Note Default Notice and/or an Enforcement Notice as soon as is practicable thereafter.

More Definitions of Note Default

Note Default means an “Event of Default” as defined in the Note Indenture, Additional Notes Collateral Debt Agreement or any similar event or condition set forth in any other Note Document which causes, or permits holders of the applicable Note Obligations outstanding thereunder to cause, the Note Obligations outstanding thereunder to become immediately due and payable.

Note Default hereunder is defined as Core3's failure to cure within seven (7) days of written notice of breach received by Core3 (7 days being defined as the "cure period"). Upon a Note Default, the Debt, together with all accrued and unpaid interest, shall, at the option of Flexi, become immediately due and payable upon written notice by the Flexi. Each and every payment due to Flexi on the Debt shall be made in lawful money of the United States of America and in immediately available funds, and when made shall be first applied to interest due, and then to the reduction of the principal amount of the Debt.

Note Default or "Note Event of Default" means a Default or Event of Default under the Senior Subordinated Note Indenture.

Note Default has the meaning given to it in Section 11.01.

Note Default means a Default, as such term is defined in the Indenture.