Vendor Default definition

Vendor Default means any of the following:
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Vendor Default means a breach of a representation or warranty made by Vendor or a breach by Vendor of a covenant, agreement or other obligation set out in this Agreement resulting in a non-fulfillment of the conditions set out in Clause 12.2.
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Vendor Default means a breach of a representation or warranty made by Vendor in Section 6.1 of the Transaction Agreement, or a breach by Vendor of a covenant or agreement in the Transaction Agreement.Conventions Certain terms used herein are defined in the “Glossary of Terms”. Unless otherwise indicated, references herein to “$” or “dollars” are to Canadian dollars. All financial information herein has been presented in Canadian dollars in accordance with generally accepted accounting principles in Canada, except where otherwise stated. Abbreviations In this Information Circular and the appendices hereto, the abbreviations set forth below have the meanings indicated:
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Examples of Vendor Default in a sentence

  • If for any reason other than the default of the Vendor, the purchase is not completed on the Settlement Date, the Purchaser must pay to the Vendor Default Interest on the unpaid portion of the purchase price from the due date for payment until actual payment.

  • NetMRI will only check for default vendor community strings when the Vendor Default Credential Collection option is enabled in the Settings icon –> Setup –> Collection and Groups –> Global tab –> Config Management panel.

  • You will see all vendor default community strings that were able to return SNMP data for a device in the Default Credentials Report.Manually entered community strings are used first, in priority order, then the default community strings are tried in priority order if the Use Vendor Default Community Strings option is enabled in the Settings icon –> Setup section –> Collection and Groups –> Global tab –> Network Polling panel.

  • The provisions of subparagraphs (b) and (c) above shall not apply if this Purchase Order is terminated or cancelled by Atlantic pursuant to paragraph 11 (Termination for Vendor Default) or pursuant to paragraph 12 (Force Majeure).

  • If the Vendor Default Credential Collector option (Settings icon –> Setup –> Collection and Groups –> Global tab –> Config Management panel) is enabled and a vendor default username/password combination successfully logs into a device, an issue is generated.

  • Likewise, the table included would be better suited for an indirect KER than as evidence for the essentiality of KE5.

  • The two precedence rules, instead, are handled by ARNE by synchroniz- ing ask for updates before check medical history and predict risk.

  • In the event that any provision of the Purchase Order Documents is violated by the Vendor or by any Subcontractor, the Owner may serve written notice upon the Vendor of the Owner's intention to declare a Vendor Default and terminate the Contract.

  • In the event that this Agreement is pursuant to any of the provisions hereto, where there is no Purchaser Default and no Vendor Default, each Party shall be released from all obligations hereunder.

  • Vendor Default: The following shall be considered a vendor default under this Contract.


More Definitions of Vendor Default

Vendor Default means a breach of a representation or warranty made by Vendor in Section 5.1 or Section 5.2, or a breach by Vendor of a covenant or agreement in this Agreement.
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Vendor Default means any of the following events:
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Vendor Default shall have the meaning given in Section 9.2.
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Vendor Default with respect to a Vendor Product, shall mean that such Vendor Product failed to perform in accordance with Vendor's specifications with respect to such Vendor Product, Vendor's standard warranty with respect to such Vendor Product or any other written representations or written warranties given by Vendor to LSI or the Lessee of such Vendor Product.
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Vendor Default means: (I) the failure of any Vendor to perform any of its obligations hereunder or under the Contract after the Effective Date or any material breach of its obligations under any Related Agreement; or (II) an of Vendors' representations or warranties herein or in the Contract or any Related Agreement being false or misleading in any material respect.
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Related to Vendor Default

  • Minor Default means any Event of Default that is not a Major Default.

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

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Senior Default means any Default or Event of Default under the Senior Credit Agreement or any document referred to therein.

  • Customer Default shall have the meaning set forth in Section 11.1.

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

  • 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.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Potential Default means the occurrence of any event or condition which, with the giving of notice, the passage of time, or both, would constitute an Event of Default.

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

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Default means any event which is, or after notice or passage of time or both would be, an Event of Default.

  • 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:

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Event of Default has the meaning specified in Section 8.01.

  • Forbearance Default means (A) the occurrence of any Default (as defined in the GE Loan Agreement) or any Event of Default (as defined in the TCFC Loan Agreement) other than the Specified Defaults, (B) the failure of any Borrower or any other Loan Party to comply timely with any term, condition, or covenant set forth in this Agreement, (C) the failure of any representation or warranty made by any Borrower or any other Loan Party under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other breach of any such representation or warranty in any material respect, (D) any occurrence, event or change in facts or circumstances occurring on or after the Effective Date that would have a Material Adverse Change (as defined in either Loan Agreement) on any Borrower or any other Loan Party or any of their respective financial conditions, businesses, prospects or assets, (E) (I) any breach by Travis or any other Loan Party of any provision of the Merxxx Xgreement or any other agreement, instrument or document executed in connection therewith, (II) any failure by Travis or TRMC to satisfy any condition precedent to txx xxxectiveness of the Merger Agreement or any other agreement, instrument or document executed in connection therewith, (III) any termination or purported termination by any party thereto of the Merger Agreement, or (IV) any other failure of the Merger Agreement to remain in full force and effect at any time, (F) any breach by Tracker of any of the provisions of that certain letter agreement dated on or about the date hereof between Tracker and Lender (the "Tracker Letter Agreement"), including, without limitation, any failure by Tracker to fund any working capital shortfall of Travis pursuant to Section 7 of the Tracker Letter Agreement, ox (X) any determination made by Lender in its sole discretion at any time that Lender, Travis and Tracker (or its affiliate, TMRC) have failed or arx xxxble to reach agreement on the terms for restructuring the credit facilities under the Loan Documents or on any other matters referenced in Section 6.03(g) of the Merger Agreement. Any Forbearance Default shall constitute an immediate Default under the GE Loan Agreement and an immediate Event of Default under the TCFC Loan Agreement.

  • 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).

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

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

  • Seller Default has the meaning set forth in Section 11.2.

  • 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.