SPD Default definition

SPD Default has the meaning set forth in Section 12.1 (a);
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SPD Default has the meaning set forth in Section 12.1 (a). "SPD Indemnified” has the meaning set forth in Section 16.2.
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Examples of SPD Default in a sentence

  • The following events shall be defaults with respect to the SPD (each, a "SPD Default").

  • Upon the occurrence and continuation of SPD Default and the failure by the SPD to cure such default within the applicable cure period specified in this Article, the Lender, upon receipt of a written advice from the Buying Entity confirming such failure, shall be entitled to notify the Parties of the intention of the Lender to substitute the SPD by the Selectee for the residual period of this Agreement (the “Substitution Notice”).

  • If the SPD Default is not cured within a period of sixty (60) days of the issue of Buying Entity Preliminary Default Notice or any other such period mutually agreed upon by the Parties, the Buying Entity shall have the right to terminate this Agreement by issuing a Buying Entity Termination Notice.

Related to SPD Default

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Specified Default means a Default under Section 8.01(a), (f) or (g).