Default Judgment Sample Clauses

Default Judgment. A copy of the default judgment, dated December 14, 2006, entered in favor of the Issuer in connection with County of Orange v. All Persons Interested, etc., Case No. 06CC11581 filed in the Superior Court of California, County of Orange;
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Default Judgment. Liability under or arising from a judgment entered against You by reason of Your failure to defend the claim, unless We gave You prior written consent to this course of action.
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Default Judgment. The classic default judgment may be entered if an answer is not timely filed. If the accrued rent is not timely deposited into registry of the court, LL may also be entitled to default judgment and writ of possession to issue without notice or hearing. However, if an answer filed and rent posted, then case should be set for trial. Pursuant to Chapter 2013-136 of the Laws of Florida, effective July 1, 2013, subsection (5)(b) of section 83.56, Florida Statutes, is amended to read:
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Default Judgment. In the event that NAS files for bankruptcy protection during the Release Stay Period, the Trafalgar Parties shall be entitled to the immediate entry of a default final judgment in their favor and against NAS for the liquidated amount of $2.7 Million, less any payments received from any of the NAS Parties from and after the Settlement Date. In conjunction with the execution of this Agreement, NAS shall execute and deliver to the Trafalgar Parties a Consent to the Entry of Final Judgment in the form attached hereto as Exhibit “K” for entry of a Final Consent Judgment Against NAs in the form attached hereto as Exhibit “L.”
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Default Judgment. Transtech will move as soon as practical after the execution of this Agreement to vacate the default judgment which it obtained in connection with the Kin-Buc, Inc. vs. Inmar Associates litigation pending in the Superior Court of Mxxxxx County and proceed with the filing of the appropriate Stipulation of Settlement or Warrant to Satisfy Judgment to properly memorialize the vacation of the default judgment noted above and the resolution of the litigation.
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Default Judgment. Mxxxxxx’x agreement to settle and compromise the Claims is expressly conditioned, as a condition precedent to Mxxxxxx’x obligations, on the timely receipt of all payments due under the Notes. If the JetPay Entities fail to make any payment when due under the Notes (hereinafter a “Payment Default”), Merrick is entitled to the entry of a default judgment in the amount agreed upon herein (the “Default Judgment”). To expedite the Default Judgment process, concurrently with execution of this Agreement, each of the JetPay Entities, other than WLES, shall execute and deliver to Merrick Stipulated and Confessed Judgments to enforce this settlement, jointly and severally, in the forms attached as Exhibit C hereto, and which may be filed and entered by the Federal District Court for Utah without notice to any of the JetPay Entities upon a Payment Default. The JetPay Entities represent and agree that the Stipulated and Confessed Judgments (Exhibit C) are enforceable in all respects, and that the JetPay Entities hereby additionally waive any objection, claim or right that they may otherwise have to the enforceability and validity of the Stipulated and Confessed Judgments. Further, the JetPay Entities understand, represent and agree that Merrick can seek to obtain and/or enforce the Default Judgment in any court of competent jurisdiction, and that upon a Payment Default, the JetPay Entities waive any objection, claim or right that they may otherwise have to the entry or enforceability of the Default Judgment, and the JetPay Entities will cooperate with Merrick to file any papers necessary to assist in obtaining a Default Judgment. The amounts of the Default Judgments are as follows:
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Default Judgment. (In the event that no Notice of Intention to Defend is received from the Defendant within 10 Business days of service of the Summons on the Defendant)
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Related to Default Judgment

  • Notice of Default; Litigation Promptly after an Authorized Officer of the Borrower or any of the Restricted Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (ii) any litigation or governmental proceeding pending against the Borrower or any of the Subsidiaries that would reasonably be expected to be determined adversely and, if so determined, to result in a Material Adverse Effect.

  • Repayment on Event of Default When there is an Event of Default, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances. The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, and any other Obligations.

  • Event of Default; Waiver The Holders of a Majority in Liquidation Amount of the Preferred Securities may, on behalf of the Holders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.

  • Event of Default Remedies 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Default or Event of Default No Default or Event of Default hereunder has occurred or is continuing or will occur as a result of the giving effect hereto.

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

  • Notice of Default or Litigation Promptly after an Authorized Officer of the Borrower or any of the Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (ii) any litigation or governmental proceeding pending against the Borrower or any of the Subsidiaries that could reasonably be expected to be determined adversely and, if so determined, to result in a Material Adverse Effect.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

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