Default Notification definition

Default Notification means the written notice that a Participating Financial Institution must submit to the Authority upon the default of an enrolled loan.
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Default Notification means a notification declaring event of default under this agreement sent by pledgor.
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Default Notification means the delivery of a written notice by a Holder to each of the Issuer, the Principal Security Agent, the Collateral Agent, the Swap Counterparty (if any) and the Repo Counterparty (if any) specifying that an Event of Default has occurred in accordance with Collateral Security Condition 6.1;
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Examples of Default Notification in a sentence

  • For any Default arising from a failure to make a payment set forth in this Agreement, the allegedly Defaulting Party will have [*] from the receipt of the applicable Default Notification to cure such Default.

  • With respect to a Minimum Sales Default, Kaken will have the one-time right, to cure (i.e., to reset to zero) a Minimum Sales Default by paying to KalVista the amount calculated by multiplying the difference between the Minimum Sales Targets for each of [*] and the quantity of the Licensed Product actually sold by Seller during each of [*] by the then-current Supply Price per a Licensed Product within [*] after the receipt of the invoice issued by KalVista on or after the date of the Default Notification.

  • If the Party receiving notice of Default fails to cure that Default within the applicable period set forth above, then the Party originally delivering the Default Notification may terminate this Agreement effective upon written notice of termination to the other Party.


More Definitions of Default Notification

Default Notification means the delivery of a written notice by a Holder, or if applicable, the Distributor acting on behalf of a Holder to each of the Issuer, the Principal Security Agent and the
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Default Notification has the meaning set forth in Section 13.2.2 (Termination for Cause).
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Default Notification has the meaning set forth in the Intercreditor Agreement.
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Related to Default Notification