Special Default definition
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).
Special Default means (i) the failure by Lessee to pay any amount of Interim Rent, Basic Rent, Renewal Rent, Stipulated Loss Value or Termination Value when due or (ii) the occurrence of any Lease Default or Lease Event of Default referred to in Section 14.5 of the Lease.
Special Default means the occurrence of any Default referred to in Section 6.01(i), (ii), (ix) and (x) of the Indenture.
Examples of Special Default in a sentence
Any amount described in this Section 4.06 that is payable or creditable to, or retainable by, the Owner shall not be paid or credited to, or retained by, the Owner if at the time such payment, credit or retention would otherwise occur a Special Default or Event of Default shall have occurred and be continuing, but shall instead be held by or paid over to the Mortgagee as security for the obligations of the Owner under this Trust Indenture and shall be invested pursuant to Section 6.06.
At such time as there shall not be continuing any Special Default or Event of Default, such amount and any gains thereon shall be paid to the Owner to the extent not previously applied in accordance with this Trust Indenture.
More Definitions of Special Default
Special Default means (i) the failure by the 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).
Special Default has the meaning given in clause 16.
Special Default means an Event of Default or a Default under any of Section 8.01, 8.02, 8.06 or 8.07.
Special Default means a Payment Default or a Continental Bankruptcy Event.
Special Default means a Default under any of Section 8.01, 8.02, 8.06 or 8.07 of the Mortgage.
Special Default means the occurrence of (i) a Default under clause (i) or (ii) of Section 7.01(b) of the Credit Agreement or (ii) a Bankruptcy Event.
Special Default means a Default or Lease Event of Default under any of Sections 13(a), 13(b), 13(f) and 13(g) of the Lease.