Examples of Rights on Default in a sentence
Default and Certain Rights on Default: The Indenture provides that the Trustee or the holders of 25% or more in aggregate principal amount of Indenture Securities of a series outstanding thereunder may declare the principal of all Indenture Securities of such series to be due and payable immediately, if any Event of Default with respect to such series of Indenture Securities shall occur and be continuing.
In pertinent part for the Motion sub judice, the lease agreement contains a jury trial waiver provision in Article XI Default by Tenant, Section 11.2 Landlord’s Rights on Default.
Direct Rights on Default The holder of a Global Note or a Global Certificate, unless otherwise specified in the applicable Pricing Supplement, may cause the Global Note or the Global Certificate, as the case may be, or a portion of it, to become due and repayable in circumstances described in Condition 9 under “Terms and Conditions of the Notes” by stating in a written notice to ADB the principal amount of Notes that is being declared due and repayable.
Accordingly, even though the jury trial waiver provision is located in an Article entitled Default by Tenant and a Section entitled Landlord’s Rights on Default, the Court finds that the headings provide no interpretive effect.Even so, Plaintiff is correct that contractual provisions are not read in isolation.
Rights on Default On the occurrence of an Event of Default, we may exercise our rights under this clause, except that in the case of the occurrence of any Event of Default specified in Clause 14.b or Clause 14.c of the definition of Events of Default (each a “Bankruptcy Default”), the automatic termination provision of this clause shall apply.
Any Mortgagee, through its designated representative, shall be entitled to attend any such meeting but except as provided in the Section of the Declaration entitled "Voting Rights on Default," shall not be entitled to vote at the meeting.
SUBLETTING AND ASSIGNMENT 7 4.1 Consent 7 4.2 Recapture of Premises 7 4.3 Excess Rent and Other Consideration 8 4.4 Tenant Liability 8 4.5 Reasonable Standards of Consent 8 4.6 Other Transfers 8 4.7 Rights on Default 8 5.
See "Description of Securities - - Default and Certain Rights on Default" in the accompanying Prospectus.
If an Event of Default occurs and Lessor terminates the leasing of the Aircraft under Clause 18.2 (Lessor’s Rights on Default), Lessor shall take all reasonable steps to mitigate its loss and Lessor may sell or re-lease or otherwise deal with the Aircraft at such time and in such manner and on such terms as Lessor as appropriate considers appropriate free and clear of any interest of Lessee, as if this Agreement had never been entered into.
Exclusion of competitor s The exclusion of competitors shall necessitate an express written agreement and shall only be possible, in principle, for the same or the opposite page.