Default Payment has the meaning ascribed to it in Clause 8.3;
Default Payment means moneys received, realized or recovered through proceedings taken by the Corporation in the event of default in respect of any Education Loan or in respect of any insurance on or guarantee with respect to any Education Loan, including moneys received pursuant to a contract of insurance in respect of any Education Loan.
Default Payment shall have the meaning assigned to such term in section 10.1.
Examples of Default Payment in a sentence
No delay or omission of the Subordinated Trustee for the Securities of any series or of any Holder of any Security of such series to exercise any right or remedy accruing upon any Event of Default, Payment Default, Perpetual Security Default or Payment Event with respect to the Securities of such series shall impair any such right or remedy or constitute a waiver of any such Event of Default, Payment Default, Perpetual Security Default or Payment Event or an acquiescence therein.
More Definitions of Default Payment
Default Payment means, with respect to the Series 2019 Notes, an amount equal to three percent (3%) of the regularly scheduled principal and interest payments due on the Series 2019 Notes on the subject payment date.
Default Payment means the amount of money, if any, paid by Company to the Local Governmental Entities in the event of a Default as provided in Article VI.
Default Payment shall have the meaning set forth in Section 2(b)(i).
Default Payment means the amount of money, if any, paid by Company and/or Bopot to the Local Governmental Entities in the event of a Default as provided in Article VI. “Effective Date” is the date of execution of this Agreement by the Secretary.
Default Payment has the meaning ascribed thereto in the paragraph headed “Risk” under the section “The Master Sale and Leaseback Agreement and the Sale and Purchase Agreement” in this announcement “Deposit” has the meaning ascribed thereto in the paragraph headed “Deposit” under the section “The Master Sale and Leaseback Agreement and the Sale and Purchase Agreement” in this announcement “Directors” the directors of the Company “Finance Lease Arrangement” the finance lease arrangement contemplated under the Master Sale and Leaseback Agreement, the Sale and Purchase Agreement and the Guarantee Letters “First Guarantee Letter” a guarantee letter dated 2 November 2017 and executed by the First Guarantor in favour of the Lessor, pursuant to which, the First Guarantor shall provide guarantee in favour of the Lessor for, including but not limited to, the due and punctual performance by the Lessee of its payment obligations under the Finance Lease Arrangement
Default Payment means moneys received, realized or recovered through proceedings taken by the Corporation in the event of default in respect of any Financed Student Loan or in respect of any insurance on or guarantee with respect to any Financed Student Loan, including moneys received pursuant to a contract of insurance in respect of any Financed Student Loan.
Default Payment has the meaning set forth in Section 5.2(b).