Common use of Default means Clause in Contracts

Default means. 1.1.18.1. an Event of Default; or 1.1.18.2. any event or circumstance specified in Clause 21 (Events of Default) which (with the expiry of any applicable grace period, the giving of notice, the making of any determination under the Finance Documents or any combination of any of the foregoing) would be an Event of Default;

Default means. 1.1.18.11.1.19.1. an Event of Default; or 1.1.18.21.1.19.2. any event or circumstance specified in Clause 21 (Events of Default) which (with the expiry of any applicable grace period, the giving of notice, the making of any determination under the Finance Documents or any combination of any of the foregoing) would be an Event of Default;