Rights Upon Default definition

Rights Upon Default means the relevant BofA Entities’ rights (i) to terminate, liquidate and accelerate any and all Contracts, (ii) to exercise any right under any security relating to any Contract, (iii) to net or set off payments which may arise under any Contract or other agreement or under Applicable Law. (iv) to cancel any outstanding orders for the purchase or sale or borrowing or lending of any securities or other property, (v) to sell any or all of the Collateral (either individually or jointly with others), (vi) to buy in any securities, commodities or other property of which any Account of Customer may be short, and (vii) to exercise any rights and remedies available to a secured creditor under any Applicable Law or under the NYUCC (whether or not the NYUCC is otherwise applicable in the relevant jurisdiction).
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Rights Upon Default means the relevant BofA Entities’ rights (i) to terminate, liquidate and accelerate any and all Contracts, (ii) to exercise any right under any security relating to any Contract, (iii) to net or set off payments which may arise under any Contract or other agreement or under Applicable Law, (iv) to cancel any outstanding orders for the purchase or sale or borrowing or lending of any securities or other property, (v) to sell any or all of the Collateral (either individually or jointly with others), (vi) to buy in any securities, commodities or other property of which any Account of Customer may be short, and (vii) to exercise any rights and remedies available to a secured creditor under any Applicable Law or under the NYUCC (whether or not the NYUCC is otherwise applicable in the relevant jurisdiction).
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Rights Upon Default means the relevant BofA Entities’ rights (i) to terminate, liquidate and accelerate any and all Contracts,
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Examples of Rights Upon Default in a sentence

  • Upon the happening of an Event of Default, bank will be entitled to all of Bank's Rights Upon Default as specified herein and in the Agreement.

  • Without limiting the rights of a Non-Defaulting Member under Article 8 (Dissolution and Other Rights Upon Default), a Member will not cease to be a Member of the Company upon the happening of any of the events set forth in DLLCA § 18–304.

  • Default under Indenture 39 ARTICLE IX CERTAIN RIGHTS OF LENDER 39 Section 9.1. Rights Upon Default 39 Section 9.2. Offset 40 Section 9.3. Performance by Lender 41 Section 9.4. Use or Operation by Lender 41 Section 9.5. Diminution in Collateral Value 41 Section 9.6. Lender Not in Control 41 Section 9.7. Waivers 41 Section 9.8. Cumulative Rights 42 Section 9.9. Indemnification of Lender 42 Section 9.10.

  • Except as set forth in Section 8.3(b) (Other Remedies), the fact that a party has an indemnification right under this Article 14 will not preclude the exercise of rights under Article 8 (Dissolution and Other Rights Upon Default).

  • Section 5.01 Events of Default by Seller, Dollar or Master Servicer Section 5.02 Events of Default by Purchaser Section 5.03 Rights Upon Default.

  • Rights Upon Default by Tenant....................................13 15.03.

  • The rights provided to each Member under Section 2.11 to bring actions in the name of the Company to enforce its rights under the joint venture agreement are in addition to those rights provided to the Members under Article 8 (Dissolution and Other Rights Upon Default) upon the occurrence of a Default Event with respect to a Member.

Related to Rights Upon Default

  • 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.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Registration Default Damages shall have the meaning set forth in Section 8 hereof.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.