Owner's Default definition

Owner's Default if Owner shall:
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Owner's Default shall have the meaning set forth in Section 6.3.
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Owner's Default has the meaning set forth in Section 24.3.1.
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Examples of Owner's Default in a sentence

  • If any Utility Default or Owner's Default creates an imminent risk of damage or injury to any Person or any Person's property, then in any such case, in addition to any other right or remedy that the non-defaulting Party may have, the non-defaulting Party may (but shall not be obligated to) take such action as the non-defaulting Party deems appropriate which may include disconnecting and removing all or a portion of the System, or suspending the supply or receipt of Energy from the System, as applicable.

  • PrefaceThe purpose of this document is to provide a reference guide for Project Managers engaged in projects with the Office of the Chief Information Officer.

  • Collateral A security interest as defined in section 16 of the Personal Property Securities Xxx 0000, securing payment of all the money secured and performance of all the borrower’s obligations under the agreement in: Motor Vehicles Regn No Description Vin/Chassis No Owner/s Collateral Other Description Owner/s Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges.

  • Legal name of the Disclosing Party submitting the EDS: Open Kitchens, Inc.

  • This option shall be exercised by the City giving the Owner notice, no later than ninety (90) days following City's receipt of the Option Notice or Owner's Default, of the City's intent to purchase the Restricted Unit (the "Exercise Notice").

  • In addition, upon Owner's Default for failure to achieve the Commercial Operation Date within the applicable System Delivery Period, Owner shall forfeit any deposit previously paid by Owner to Utility.

  • A security interest as defined in section 16 of the Personal Property Securities Xxx 0000, securing payment of all the money secured and performance of all the borrower’s obligations under the agreement in: Motor Vehicles Regn No Description Vin/Chassis No Owner/s Collateral Other Description Owner/s Default interest charges and default fees In the event of a default in payment and while the default continues you must pay the default interest charges.

  • The frequency range is normally from 20 to 2,000 l’he number of temperature cycles is based on experi- ence.

  • Filing Requirements for Applicants To Be Determined Appropriate— Proposed Amendments to § 49.17(h) In this proposed rulemaking, the Commission has added proposed § 49.17(h) to describe the application process for persons seeking an appropriateness determination.

  • Notwithstanding any contrary provision of this Agreement, Operator shall be excused from its obligation to operate the Club in conformity with the Minimum Standard whenever, but only to the extent that, Operator shall be prevented from compliance with such standard by Owner's Default or a Force Majeure Event.

Related to Owner's Default

  • Seller Default has the meaning set forth in Section 11.2.

  • Buyer Default refers to nonpayment of the Xxxxxxx Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the Xxxxxxx Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:

  • Landlord Default shall have the meaning given such term in Article 14.

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Customer Default shall have the meaning set forth in Section 11.1.

  • Purchaser Default has the meaning set forth in Section 12.2 (a).

  • Minor Default means any Event of Default that is not a Major Default.

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

  • Default means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Lender Default means (i) the refusal (which may be given verbally or in writing and has not been retracted) or failure of any Lender to make available its portion of any incurrence of revolving loans or reimbursement obligations required to be made by it, which refusal or failure is not cured within two Business Days after the date of such refusal or failure; (ii) the failure of any Lender to pay over to the Administrative Agent, any L/C Issuer or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, unless subject to a good faith dispute; (iii) a Lender has notified the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations, or has made a public statement to that effect with respect to its funding obligations, under the Revolving Credit Facility or under other agreements generally in which it commits to extend credit; (iv) a Lender has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with its funding obligations under the Revolving Credit Facility; or (v) a Lender has admitted in writing that it is insolvent or such Lender becomes subject to a Lender-Related Distress Event or a Bail-In Action. Any determination by the Administrative Agent that a Lender Default has occurred under any one or more of clauses (i) through (v) above shall be conclusive and binding absent manifest error, and the applicable Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice of such determination to the Borrower, each L/C Issuer, each Swing Line Lender and each Lender.

  • in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for thirty (30) days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Event of Default has the meaning specified in Section 8.01.

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

  • Events of Default has the meaning specified in Section 6.01.

  • Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of Default.

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Administrative Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):