DEFAULT shall definition

DEFAULT shall mean any event specified in Section 10.1 of Article 10 hereof, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act, has been satisfied.
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DEFAULT shall mean "Default" as defined in the Credit Agreement and "L/C Default" shall mean any default under the Citicasters L/C Documents.
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DEFAULT shall mean the occurrence of any event hereunder or under any other Loan Document which, but for the giving of notice or passage of time, or both, would be an Event of Default.
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Examples of DEFAULT shall in a sentence

  • Without limiting the generality of the foregoing, BANK’s waiver of an EVENT OF DEFAULT shall not constitute a waiver of acceleration in connection with any future EVENT OF DEFAULT.

  • DEFAULT shall mean a Default (i) that can be cured with the payment of money or (ii) arising pursuant to Section 17.1(a)(vi) or (vii).

  • PROMOTER’S DEFAULT shall mean the rights mentioned in the Part II of the Tenth Schedule hereto to which the purchasers shall be entitled in case of any default or breach by the Developer/Promoter.

  • An "EVENT OF DEFAULT" shall be deemed to have occurred under this Agreement upon an Event of Default under the Convertible Debentures.

  • THE TERM "EVENT OF DEFAULT" shall mean an Event of Default under the Loan Agreement beyond any applicable grace and cure period.

  • Both parties acknowledge and agree that the obligations set forth herein, which by their nature are intended to survive, including but not limited to the Articles entitled: DELIVERABLES, USE OF INFORMATION, WARRANTY, INDEMNIFICATION, COMPLIANCE WITH LAWS, and INSURANCE AND LIABILITY, CONTROLLING LAW, GENERAL, RELEASES VOID, ESCROW AGREEMENT and TERM, TERMINATION AND DEFAULT shall survive expiration or termination of this Agreement.

  • An "EVENT OF DEFAULT" shall be deemed to have occurred under this Agreement upon an Event of Default under and as defined in the Convertible Debentures.

  • The term "FINANCIAL COVENANT DEFAULT" shall mean an Event of Default which results solely from the violation of any now existing or hereafter arising financial covenant contained in the Loan Agreement, including, by way of illustration, those specific financial covenants set forth in Sections 6.16, 6.17, 6.18, 6.19, and 6.20 of the Loan Agreement and any supplement, addition, modification or amendment to those specific financial covenants.

  • THE TERM "FINANCIAL COVENANT DEFAULT" shall mean an Event of Default which results solely from the violation of any now existing or hereafter arising financial covenant contained in the Loan Agreement, including, by way of illustration, those specific financial covenants set forth in Sections 6.16, 6.17, 6.18, 6.19, and 6.20 of the Loan Agreement and any supplement, addition, modification or amendment to those specific financial covenants.

  • The BORROWER agrees to reimburse the ADMINISTRATIVE AGENT for the reasonable audit fees and other expenses incurred by the ADMINISTRATIVE AGENT in connection with such inspections; provided, however, that unless a DEFAULT or an EVENT OF DEFAULT shall have occurred and be continuing, the BORROWER shall have no obligation to pay for more than one audit or inspection in any single twelve-month period.


More Definitions of DEFAULT shall

DEFAULT shall have the meaning given in Section 14.1.
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DEFAULT shall means those events set forth in Section 13 of this Agreement Determination Date shall mean the date of any Collateral Report, inspection or any other date on which a paydown is otherwise required under this Agreement Equity Issuance shall mean any issuance by the Dealer or any subsidiary to any Person which is not a Credit Party of (i) shares of its Capital Stock, (ii) any shares of its Capital Stock pursuant to the exercise of options or warrants or (iii) any shares of its Capital Stock pursuant to the conversion of any debt securities to equity. The term ‘Equity Issuance’ shall not include any Asset Disposition, any Debt Issuance or the issuance of common stock of the Dealer and its subsidiaries to its officers, directors or employees in connection with stock offering plans and other benefit plans of the Dealer or its subsidiaries. ESP Reserve shall mean, as of any date of termination, the sum of the current and long term portions of deferred revenue from the sale by the Dealer of extended service plans and extended warranties.
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DEFAULT shall mean with respect to a party that (i) any representation or warranty of such party shall have been untrue in any material respect when made or (ii) such party shall have failed to perform any material obligation set forth herein within 60 days following written notice of such failure and demand for performance from the other party. [ * ] [ * ] LICENSE AGREEMENTS shall mean the License Agreement between [ * ] and Guilford dated [ * ], and the [ * ] License Agreement between [ * ] and Guilford [ * ]. MULTIPLE SCLEROSIS shall mean [*] NET SALES shall mean [*] NEUROPATHY shall mean [*] [ * ] PARK▇▇▇▇▇'▇ ▇▇▇EASE shall mean [*] PATENTED PRODUCT shall mean a Licensed Product the sale of which would infringe one or more claims of a valid, issued patent included in the Collaboration Technology in the * Confidential Portions Omitted and Supplied Separately to the Securities and Exchange Commission.
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DEFAULT shall mean any event specified in Section 10 hereof, which with the passage of time or giving of notice or both would constitute an Event of Default.
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Related to DEFAULT shall

  • Default Supplier means a Retailer appointed by EDTI pursuant to section 3 of the RRR Regulation;

  • 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.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • 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.

  • 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.