Default Amounts Sample Clauses

Default Amounts. The Retrocessionaire shall bear the risk of any Default Amount under any and all Inuring AXA RE Retrocession Agreements, provided that upon the receipt by Retrocessionaire of a payment pursuant to the Reserve Agreement reflecting all or part of any Default Amount, the Retrocessionaire shall immediately relinquish, and the Retrocedant shall immediately succeed to, any and all rights with regard to any such Default Amount, whether by novation or assignment, subrogation or otherwise. Any future steps to enforce or otherwise act with regard to such rights shall be at the cost of the Retrocedant, provided, that the Retrocessionaire shall at its own cost take all necessary and reasonable steps to give full effect to the subrogation, assignment, novation or other arrangement.

Default Amounts. In the case of any past-due amounts of the principal of, or (to the fullest extent permitted by law) interest on, any Advance, from the date such amount becomes due until paid in full, payable on demand, a rate per annum equal at all times to (i) 2% above the Eurodollar Rate in the case of any outstanding Eurodollar Rate Advances until the end of their respective Interest Periods, (ii) 2% above the US Alternate Base Rate in the case of amounts payable with respect to a US Advance other than a Eurodollar Rate Advance, or (iii) 2% above the Canadian Prime Rate in the case of amounts payable with respect to a Canadian Advance other than a Eurodollar Rate Advance, in effect from time to time.

Default Amounts. In the case of any past-due amounts of the principal of, or (to the fullest extent permitted by law) interest on, any Advance, from the date such amount becomes due until paid in full, payable on demand, a rate per annum equal at all times to 2% above the Alternate Base Rate (or the Eurodollar Rate in the case of any outstanding Eurodollar Rate Advances until the end of their respective Interest Periods) in effect from time to time.

Default Amounts. (a) Guarantor shall cause ALM to deliver to PARIS RE and Guarantor a written notice of each Default Amount that becomes the liability of PARIS RE pursuant to the applicable provision of the Quota Share Retrocession Agreement and/or the Canadian Quota Share Retrocession Agreement (each, a “Default Amount Notice”). Any Default Amount Notice shall describe in reasonable detail the basis for the relevant Default Amount. (b) Guarantor shall reimburse PARIS RE for any Default Amount notified to it pursuant to Section 2.5(a) within 30 days of the receipt of the relevant Default Amount Notice. Each such reimbursement shall be referred to as a “Default Amount Payment”. Notwithstanding the foregoing, PARIS RE shall reimburse Guarantor for any portion of a Default Amount which shall cease to be a Default Amount within 30 days of the determination that the relevant portion was not due from the Inuring AXA RE Reinsurer (as defined in the Quota Share Retrocession Agreement or the Canadian Quota Share Retrocession Agreement, as applicable) in accordance with the terms of the applicable agreement or to the extent a lower settlement is reached with the relevant Inuring AXA RE Reinsurer.

Default Amounts. All past-due amounts of the principal of, and (to the fullest extent permitted by law) interest on, any Advance or the Face Amount of any Bankers' Acceptance not reimbursed in full on the maturity date of such Bankers' Acceptance shall bear interest from the date such amount becomes due until paid in full, payable on demand, at a rate per annum equal at all times to the lesser of: (i) the Maximum Rate; and (ii) in the case of (A) Canadian Dollar Base Rate Advances and the unreimbursed Face Amount of any Bankers' Acceptance, the sum of the Canadian Dollar Base Rate in effect from time to time plus one percent (1%), (B) Pounds Sterling Eurocurrency Rate Advances, the sum of the Applicable Rate plus one percent (1%), and (C) all other Advances, the sum of the Alternate Base Rate in effect from time to time plus one percent (1%).

Default Amounts. 21 (c) Payment of Interest on Advances....................... 22 2.9 Limitation on Eurocurrency Rate Advances.................... 22 (a) Inadequacy............................................ 22 (b) Basis Unavailable..................................

Default Amounts. If (i) the Merger Agreement is terminated by the Company pursuant to Section 8.1(i) of the Merger Agreement and the Company is entitled to receive the Parent Termination Fee in accordance with Section 8.3(c) of the Merger Agreement or the Merger Agreement is otherwise terminated and Parent thereafter is liable for the payment of damages as contemplated by Section 8.3(f)(i)(2) of the Merger Agreement and (ii) Parent’s obligation to pay the Parent Termination Fee or such damages is primarily a result of any actions or inactions of, or state of facts concerning, an Investor, then, such Investor shall (a) bear (and to the extent applicable, reimburse the other Investor) 100% of the Parent Termination Fee plus any Reimbursement Obligations or such damages (and any related costs, fees and expenses), as applicable, and (b) reimburse the other Investor for all of its Shared Costs and Individual Costs (as defined in the Governance Letter Agreement).

Default Amounts. “Default Amounts” shall mean all amounts paid by Tenant or otherwise realized by Landlord as a result of the exercise of Landlord’s remedies during the continuance of an Event of Default under the Lease.

Default Amounts. (a) The Aggregate Default Amount for the related Monthly Period........................ $ ---------------- (b) The Class A Default Amount for the related Transfer Date............................. $ ---------------- (c) The Class B Default Amount for the related Transfer Date............................. $ ---------------- (d) The Class C Default Amount for the related Transfer Date............................. $ ----------------