Default Option definition

Default Option means the option of each County set forth in Section 21(h) of this Agreement.
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Default Option means the option to either pay or return Exception Checks selected by Company in the Application.
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Default Option means the option of Lessor to purchase the Residential Unit for a purchase price equal to the Maximum Resale Price as a Default Remedy as further described in Section 11.2(a)(1).
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Examples of Default Option in a sentence

  • The interest rate margin and index described in the "VARIABLE INTEREST RATE" paragraph above (the "Default Option").

  • If no selection is made, funds are invested in the Default Option provided.

  • In the absence of any such designation the interest rate option shall be the Default Option.

  • If the Agreement is terminated by either County, within ninety (90) days of receiving actual notice of the termination by any other County, any other County may, in its sole discretion also terminate this Agreement due to the Default and/or exercise all other remedies available to it under this Agreement, at law or in equity, including but not limited to the Default Option set forth in Section 21(h).

  • In the event the Company commits such a Default (for which there is no other specific remedy provision herein), and does not cure such Default within thirty (30) days after a Default notice is delivered to the Company, then each County shall be entitled to exercise its rights to terminate this Agreement due to the Default and/or exercise all other remedies available to it under this Agreement, at law or in equity, including the Default Option set forth in Section 21(h).


More Definitions of Default Option

Default Option means an option designated by you on the Set-Up Form for paying or returning Suspect Checks, in the absence of a timely Pay Request or Return Request. The Default Option may be either the “Return Default Option” or the “Pay Default Option.”
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Default Option means the Plan Option selected automatically for a policyholder who fails to make a valid election by the required date.
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Default Option means the Plan-level Default Option or the Participant-level Default Option.
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Default Option means the option described in Clause 4.6;
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Default Option has the meaning set out in Clause 11.3(b);
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Default Option means any of the following:
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Default Option means an option selected by Customer on the Positive Pay Schedule instructing Bank to either pay or return all Exception Items in absence of timely instructions from Customer in accordance with Section 4(a) below.
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