Examples of Security Default in a sentence
Notwithstanding the foregoing, in the event that a Financial Security Default shall have occurred and be continuing, the Trustee shall be the Controlling Party with respect to such Series until the applicable Trustee Termination Date.
If the individual subsequent RFQ is greater than $200,000, please refer to The School Board of Miami-Dade County Bylaws & Policies, 6320 – PURCHASING, Performance and Payment Security, Default and Bonding Company Qualifications for bonding requirement.
There is a Performance Security Default relating to the Pre-COD Amount.
In the event that (i) an Underlying Security Default occurs with respect to any Underlying Security or (ii) any Underlying Security held by the Trust becomes a Disqualified Underlying Security, then the Trust shall sell such Underlying Security and, if necessary, shall sell other Trust Property to the extent necessary to pay any Swap Termination Payment.
If there is a Security Default on the Underlying Securities, then all obligations of both parties hereunder shall be reinstated subject to the other provisions of this Agreement.