Default Call definition

Default Call means a Call in respect of which:
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Default Call means a Call in respect of which the Provider breaches clause 4.1 or that is deemed to be a Default Call under clause 9.5.
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Default Call has the meaning set forth in Section 4.3(d)(i).
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Examples of Default Call in a sentence

  • The provisions of Section 9.4 above shall apply, mutatis mutandis, to the exercise of the Default Call Option and the Default Put Option, provided that the [*] period contemplated thereunder shall be reduced to [*].

  • Said written notice shall include the computation by the Non-Defaulting Shareholder of the Default Call Option Price, which shall be deemed accepted unless disputed by the Defaulting Shareholder within three (3) Business Days from its receipt of said written notice.

  • The Default Call Option may be exercised by the non-defaulting Party (“Transferee”) giving notice in writing to the defaulting Party (“Transferor”) at any time within thirty (30) days of Transferee becoming aware of the occurrence of an Event of Default (the Default Call Option Notice) in respect of all (but not some only) of the Transferor’s Shares.

  • Failure by the Non-Defaulting Shareholder to exercise its Default Call Option or Default Put Option shall not prejudice its right to make subsequent FMV Determination Requests or Net Book Value Determination Requests or subsequently exercise its Default Call Option or Default Put Option so long as an Event of Default has occurred and is continuing.

  • We hereby give you notice that we require you to sell to us in accordance with the terms and conditions of the Default Call Option, all the Shares for the time being held by you, such sale to be completed on the date specified in Clause 21 of the Joint Venture Agreement.

  • The purchase price for such shares in respect of this Default Call Option shall be Fair Market Value.

  • To the extent applicable, the Non-Defaulting Shareholder may require a concurrent determination of Fair Market Value and Net Book Value for purposes of both the Default Call Option and Default Put Option.

  • In particular, the Parties acknowledge and agree that the economic terms agreed in sections 7 (Vesting), 8 (Admission of Additional Partners, Transfer of Partnership Interests, Default Call Option), 14 (Compulsory Transfer of Limited Partnership Interests, Call Options), 15 (Restrictive Covenants) and 16 (Compensation) of the Partnership Agreement shall apply mutatis mutandis to the Managers’ direct or indirect investment in the Group even if they do not hold their participation via Management KG.

  • The effects on each Ancillary Agreement of the exercise of a Default Call Option or Default Put Option hereunder shall be as specifically set forth in such Ancillary Agreement.

  • Subject to paragraph 3, a Default Call Option Notice shall be irrevocable.


More Definitions of Default Call

Default Call shall have the meaning provided in Section 8.7.
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Related to Default Call

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • default fund means a fund established by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012 and used in accordance with Article 45 of that Regulation;