Default Condition means the occurrence of any event which, after satisfaction of any requirement for the giving of notice or the lapse of time, or both, would become an Event of Default.

Default Condition means the occurrence or existence of an event or condition which, upon the giving of notice or the passage of time, or both, would constitute an Event of Default;

Default Condition means the occurrence of any of the events specified in Section 8.04 hereof.

Examples of Default Condition in a sentence

Early Redemption Amount (upon redemption following an Event of Default)( Condition 11)Per Calculation Amount, an amount in GBP calculated by the Calculation Agent on the same basis as the Final Redemption Amount except that the definition of Share Valuefinal shall be the Preference Share Value on the day falling 2 (two) Business Days before the due date for early redemption of the Notes.
Early Redemption Amount (upon redemption following an Event of Default)( Condition 11)Per Calculation Amount, an amount in USD calculated by the Calculation Agent on the same basis as the Final Redemption Amount except that the definition of Share Valuefinal shall be the Preference Share Value on the day falling 2 (two) Business Days before the due date for early redemption of the Notes.
Early Redemption Amount (upon redemption following an Event of Default):( Condition 11)Fair Market Value.
Early Redemption Amount: (i) Early Redemption Amount(s) payable on an Event of Default (Condition 9) and/or the method of calculating the same (if required or if different from that set out in the Conditions):As set out in the Conditions.(ii) Unmatured Coupons to become void (Condition 7(f)):Not applicable.Additional General Provisions Applicable to the Notes25.
APR Energy Shareholders should take note of the terms of the Insolvency and Default Condition.

More Definitions of Default Condition

Default Condition means the occurrence of any event which, ----------------- after satisfaction of any requirement for the giving of notice or the lapse of time, or both, would become an Event of Default.

Default Condition means the occurrence of any event which, after satisfaction of any requirement for the giving of notice or the lapse of time, or both, would become an Event of Default. "Default Rate" means the annual percentage interest rate applied to the principal of the Loan not paid when due under the terms of the applicable Loan Documents, which rate shall equal the sum of Prime Rate plus an additional ______ percent (__%) per annum.

Default Condition means an event, condition, or thing which, with the lapse of any applicable permitted grace period or the giving of any required notice, or both, would constitute an Event of Default.

Default Condition in respect of any action or event, means that (a) an Event of Default or Potential Default exists immediately before, or will occur as a result of (or otherwise will exist immediately after), the occurrence of that action or event or (b) the occurrence of the event or action will cause any of the representations or warranties (unless they speak to a specific date or are based on facts which have changed by transactions contemplated or expressly permitted by this agreement) in the Credit Documents to be materially incorrect.

Default Condition means the occurrence of any of the events specified in Section 8.1 hereof, in the Note, the Mortgage, or in any of the Collateral Loan Documents which, with the giving of notice or passage of time (or both) would constitute a Default hereunder.

Default Condition means that either or both a Default and an Event of Default exist.

Default Condition means any condition or event which constitutes a Default or which, with the giving of notice or lapse of time or both would, unless cured or waived, become a Default. "Effective Date" means the date on which the Bank receives a fully completed and executed copy of this Agreement.