Examples of Payment Default in a sentence
Each of the following shall constitute an Event of Default under this Agreement: Payment Default.
Notwithstanding anything herein to the contrary, if the Event of Default does not relate to a Payment Default or Bankruptcy Event with respect to the Issuer, the Indenture Trustee may not sell or otherwise liquidate the Trust Estate unless the Holders of all Outstanding Notes consent to such sale or the proceeds of such sale are sufficient to pay in full the principal of and accrued interest on the Outstanding Notes.
Each of the following shall constitute an event of default ("Event of Default") under this Note: Payment Default.
Each of the following shall constitute an event of default (“Event of Default”) under this Note: Payment Default.
If a Payment Default occurs, the Non-Defaulting Party may suspend performance of its obligations under this Agreement.