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144 Default definition

144 Default has the meaning assigned to it in Section 6.15 hereof.
Sample 1

Examples of 144 Default in a sentence

  • If the Company fails to satisfy its covenants and obligations under this Section 3.20, then it shall be in breach of this Agreement (such a breach being a "Rule 144 Default").

  • For the avoidance of doubt, in the event Rule 144 Default Additional Interest is also triggered pursuant to Section 7.08, the interest rate applicable to the Securities under such Section 7.08 shall apply to the Securities pursuant to this Section 9.02(b) and shall constitute the exclusive rate of additional interest applicable to the Securities under such circumstances.

  • Any reference herein to interest accrued or payable as of any date shall include any Rule 144 Default Additional Interest and any Reporting Default Additional Interest accrued or payable on such date as provided in the Indenture.

  • Notwithstanding the foregoing, so long as the Company is in a Registration Statement Default, the exercise price of the Preferred Warrants and the number of Warrant Shares shall not be adjusted due to a Rule 144 Default.

  • If the Company fails to satisfy its covenants and obligations under this Section 3.19, then it ------------ shall be in breach of this Agreement (such a breach being a "Rule 144 Default").

  • Notwithstanding the foregoing, the Company shall have 30 days to cure a Rule 144 Default after the date of its occurrence and to deliver a written statement to the holders of Registrable Securities that such Rule 144 Default has been so cured; and if such cure is timely effected and such statement is timely delivered, the Company shall not be subject to the remedies for a Rule 144 Default.

  • If such amounts are not paid within three days of the Agent’s demand, then they shall bear at the highest rate of interest provided for in Clause 14.4 (Default Interest).

  • The occurrence of a 144 Default as described in Section 4.4 of the Note Purchase Agreement.

  • As partial relief for any Rule 144 Default and for damages to any Holder by reason of any delay or inability to sell the underlying shares of Common Stock, the remedy shall be as provided for by the Preferred Warrants and the Certificate of Designation (which remedy shall not be exclusive of any other remedies available at law or in equity).

  • Such liquidated damages shall not be payable in connection with a 144 Default on any of the foregoing Common Stock which may be sold by Longview pursuant to an effective Registration Statement (as described in Section 10).

Related to 144 Default

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

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

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any incurrence of Loans (including pursuant to a Mandatory Borrowing) or to fund its portion of any unreimbursed payment under Section 2.05(c) or (ii) a Bank having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its obligations under Section 1.01 or under Section 2.05(c).

  • Indenture Default means, with respect to any Indenture, any Event of Default (as such term is defined in such Indenture) thereunder.

  • Reporting Default means a Default described in Section 6.01(d).

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Default Event means the occurrence of any of the following events:

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

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

  • Issuer Event of Default means the occurrence of any of the following events:

  • 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.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Senior Default means any Default or Event of Default under the Senior Credit Agreement or any document referred to therein.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p) of this Note.

Most Referenced Clauses

Most Referenced Definitions