Note Default definition

Note Default means an “Event of Default” as defined in the Indenture.
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Note Default means an “Event of Default” as defined in the Indenture or in any Additional Pari Passu Notes Agreement.
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Note Default means, with respect to the DCC Notes, any default or event of default, or any event or condition that with the passage of time or the giving of notice or both would constitute a default or event of default, now in existence or hereafter occurring under or in respect of the DCC Notes and the other Existing DCC Note Documents, including, but not limited, any default or event of default that may have occurred as a result of the Bankruptcy Cases.
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Examples of Note Default in a sentence

  • In the event that an Enforcement Date occurs, the Notes shall (unless already accelerated pursuant to the delivery of a Note Default Notice or otherwise) become immediately due and payable in accordance with Condition 6.2 (Redemption on or after the Notes Termination Date) without any further notice or other action on the part of the Security Trustee, the Note Trustee or the Noteholders.

  • The Notes will become immediately due and payable in accordance with Condition 6.2 ( Redemption on or after the Notes Termination Date) without any further notice or other action on the part of the Note Trustee or the Noteholders on the date a Note Default Notice is delivered by the Note Trustee to the Issuer pursuant to the Note Trust Deed (the "Note Default Notice Delivery Date").

  • The Issuer shall procure that the Noteholders are notified (in accordance with Condition 20 ( Notices)) of the receipt by the Issuer of a Note Default Notice and/or an Enforcement Notice as soon as is practicable thereafter.

  • The " Enforcement Date" shall be the date which is the earliest of (1) the Note Default Notice Delivery Date, (2) the date that an Enforcement Notice is delivered to the Issuer pursuant to the Security Trust Deed and(3) the date upon which a Swap Acceleration Event occurs (without the need for any further notice or other action on the part of the Security Trustee).

  • The Issuer shall procure that the Noteholders are notified (in accordance with Condition 20 ( Notices)) of the receipt by the Issuer of a Note Default Notice, an Enforcement Notice and/or the occurrence of a Swap Acceleration Event as soon as is practicable thereafter.

  • Verify the Address of Parent company and Signatory details Note: Default signatory is the designated contact of Parent company.

  • The " Enforcement Date" shall be the date which is the earliest of (1) the Note Default Notice Delivery Date, (2) the date that an Enforcement Notice is delivered to the Issuer pursuant to the Security Trust Deed or(3) the date upon which a Swap Acceleration Event occurs.

  • Any amounts disbursed by Xxxxxx pursuant to this paragraph 7, including any reasonable attorney’s fees and costs incurred by Xxxxxx, with interest thereon, at the Note Default Interest Rate, will become additional indebtedness of Borrower secured by this Mortgage.

  • Note: Default rates are by origination year, through the end of 2009.

  • SIP TOP UP (Optional) (Tick to avail this facility)SIP TOP UP Start Month / Year M M SIP TOP UP Frequency: Half Yearly Yearly TOP UP Amount*: (Minimum Rs. 500) Rs. Note: Default Frequency is Yearly.


More Definitions of Note Default

Note Default hereunder is defined as Core3's failure to cure within seven (7) days of written notice of breach received by Core3 (7 days being defined as the "cure period"). Upon a Note Default, the Debt, together with all accrued and unpaid interest, shall, at the option of Flexi, become immediately due and payable upon written notice by the Flexi. Each and every payment due to Flexi on the Debt shall be made in lawful money of the United States of America and in immediately available funds, and when made shall be first applied to interest due, and then to the reduction of the principal amount of the Debt.
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Note Default or "Note Event of Default" means a Default or Event of Default under the Senior Subordinated Note Indenture.
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Note Default means an “Event of Default” as defined in the Note Indenture, Additional Notes Collateral Debt Agreement or any similar event or condition set forth in any other Note Document which causes, or permits holders of the applicable Note Obligations outstanding thereunder to cause, the Note Obligations outstanding thereunder to become immediately due and payable.
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Note Default means a Default, as such term is defined in the Indenture.
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Note Default has the meaning given to it in Section 11.01.
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Related to Note Default

  • Indenture Default means any condition, circumstance, act or event that, with the giving of notice, the lapse of time or both, would constitute an Indenture Event of Default.

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

  • 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.

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

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

  • 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.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

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

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • 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.

  • 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).

  • Forbearance Default means: (A) the failure of the Company to provide the Noteholder Group and its financial advisors with reasonable access, as determined by the Noteholder Group in its reasonable discretion, to its Chief Executive Officer, other senior executives and outside advisors, including representatives of Xxxxx Xxxxx Xxxxxx that are working with the Company, and to provide the Noteholder Group and its legal and financial advisors with any and all due diligence information they may reasonably request, including, without limitation, the Company’s current 13-week cash flow schedule, and all updates thereto as soon as reasonably practicable after they are prepared, but in no event no later than two (2) business days thereafter; (B) the failure of the Company to engage in good faith negotiations with the Noteholder Group regarding a potential restructuring transaction, which determination shall be made by the Noteholder Group in its reasonable discretion; (C) the failure of the Company to promptly notify the Noteholder Group of the occurrence of a Forbearance Default (as defined in the DDJ Third Amended Forbearance Agreement) under the DDJ Third Amended Forbearance Agreement or any amendment or modification to the DDJ Third Amended Forbearance Agreement; (D) termination of the DDJ Third Amended Forbearance Agreement; (E) the execution of any amendment or modification to the DDJ Third Amended Forbearance Agreement, which amendment or modification has a material adverse effect on the Noteholder Group as determined by the Noteholder Group in its reasonable discretion; (F) termination by the Company of the Xxxxxx Engagement Letter or the failure of the Company to pay Xxxxxx’x fees, expenses and indemnity in accordance with the terms of the Xxxxxx Engagement Letter; (G) the occurrence of any Event of Default that is not a Specified Existing Default; (H) the failure of the Company to comply with any term, condition, covenant or agreement set forth in this Third Amended Forbearance Agreement; (I) the failure of any representation or warranty made by the Company under this Third Amended Forbearance Agreement to be true and correct in all material respects as of the date when made; (J) the commencement by or against the Company or any of the Subsidiaries of a case under title 11 of the United States Code; or (K) the commencement of any action or proceeding by any creditor of the Company or any of the Subsidiaries seeking to attach or take similar action against the assets of the Company or the Subsidiaries. Any Forbearance Default shall constitute an immediate Event of Default under the Indenture.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • 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).

  • 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.

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.

  • Note Default Interest Spread means a rate per annum equal to three percent (3.0%); provided, however, that if the weighted average of the Senior Note Default Rate and the Note B Default Rate would exceed the maximum rate permitted by applicable law, the note default interest spread shall equal (i) the rate at which the weighted average of the Senior Note Default Rate and the Note B Default Rate equals the maximum rate permitted by applicable law minus (ii) the Mortgage Loan Rate.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Guarantor Default means a default by the Guarantor under its obligations pursuant to Article IX of the Note Purchase Agreement which is existing and continuing.

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

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

  • 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.