Transaction Default definition

Transaction Default means any event which, with the giving of notice, the passage of time, or both, would constitute a Transaction Event of Default.
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Transaction Default means any condition or event which constitutes a Transaction Event of Default or which with the giving of notice or lapse of time or both would, unless cured or waived, become a Transaction Event of Default.
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Examples of Transaction Default in a sentence

  • However, the Risk-sharing Guarantee will continue to be effective in relation to Covered Losses incurred following the occurrence of a credit event as set out in section B below (i.e. a Final Recipient Transaction Default, a Final Recipient Transaction Acceleration or a Final Recipient Transaction Restructuring) and in accordance with the mechanism described in section C below.

  • Losses mean any amounts due to be paid by the Financial Intermediary under the terms of the covered IntermediaryTransaction following the occurrence of a Transaction Default, a Transaction Acceleration or a Transaction Restructuring.

  • JSCC will hold the Basket Auction for Default Settlement based on the advice of the JGB OTC Transaction Default Management Committee and in accordance with the following procedures.

  • JSCC shall establish the JGB OTC Transaction Default Management Committee for the purpose of obtaining advice concerning the execution of Auctions for Default Settlement upon determination of the Default, Etc.

  • JSCC shall consult with the JGB OTC Transaction Default Management Committee about Matters for Consultation, and shall respect the advice of the Default Management Committee thereon.

  • JSCC shall appoint these Clearing Participants designated in the manner prescribed by JSCC in the Subordinate Rules as committee members of the JGB OTC Transaction Default Management Committee.

  • A breach of any of the Eligibility Criteria shall result in an exclusion of the relevant Intermediary Transaction(s) from the Portfolio save as specified in the “Exclusion Process” or in the context of curing a Transaction Default as further specified in section Transaction Default above.

  • Cash Account Balance has the meaning given to it in Clause 13.2. CDS Rating Multiplier has the meaning given to it in Clause 30.2. CDS Transaction has the meaning given to it in Clause 6.2.CDS Transaction Default Risk Multiplier has the meaning given to it in Clause 30.2. Charged Property has the meaning given to it in the Conditions.

  • The written examination has two parts: (i) A critical survey, of no more than 7500 words of the literature included on the student’s Bibliography; and (ii) An original paper, also of no more than 7500 words on a subject relevant to the literature included on the student’s Bibliography.

  • The “Specified Transaction Default Amount” applicable to one or both Parties shall be as follows:[ ] “Specified Transaction Default Amount” means in respect of Party A,, and[ ] “Specified Transaction Default Amount” means in respect of Party B,.

Related to Transaction Default

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of 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.

  • Registration Default As defined in Section 5 hereof.

  • Non-Defaulting Party has the meaning specified in Section 6(a).

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

  • Registration Default Period shall have the meaning assigned thereto in Section 2(c).

  • Non-Defaulting Member means a Member who is not a Defaulting Member.

  • 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.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Non-Defaulting Bank means, at any time, a Bank that is not a Defaulting Bank.

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Non-Defaulting Lender means, at any time, each Lender that is not a Defaulting Lender at such time.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Buyer Default refers to nonpayment of the Xxxxxxx Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the Xxxxxxx Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Purchaser Default has the meaning set forth in Section 12.2 (a).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Funding Default as defined in Section 2.21.

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.