Agreement Default definition

Agreement Default. With respect to any Asset that is issued or guaranteed by Xxxxxxx Mac and included in a Trust Fund, an “Event of Default” as defined in the PC Agreement, in the Pass-Through Agreement or in this Agreement (or any predecessor hereto), as the case may be, and relating to such Asset.

Agreement Default. With respect to any Asset that is issued or guaranteed by Freddie Mac and included in a Pass-Through Pool, an “Event of Default” as defined in the PC Agreement, in the Multiclass Certificate Agreement or in this Agreement (or any predecessor hereto), as the case may be, and relating to such Asset. ARM: An adjustable rate Mortgage. ARM Giant PC: A Giant PC backed directly or indirectly by ARM PCs. ARM Pass-Through PC: A Pass-Through PC backed directly or indirectly by ARM PCs.

Agreement Default. An ""Event of Default'' as deÑned in the agreement governing any Asset between Xxxxxxx Mac and the holders of such Asset. ARM: An adjustable rate Mortgage. ARM Giant PC: A Giant PC backed directly or indirectly by ARM PCs. ARM Pass-Through PC: A Pass-Through PC backed directly or indirectly by ARM PCs. ARM PC: A PC representing an undivided interest in an ARM PC Pool.

Examples of Agreement Default in a sentence

• An Event of Default hereunder shall not in and of itself constitute a Borrower Loan Agreement Default.

• Notwithstanding the occurrence and continuation of an Event of Default, it is understood that neither the Fiscal Agent nor the Funding Lender shall pursue any remedies against the Borrower or the Project if no Borrower Loan Agreement Default has occurred and is continuing.

• A fourth and final treatment pond for on-site process water, the Holding Lagoon, is located outside of the quarry wall and discharges to Foster Pond (Outfall 001).

• Xxxxxxx Mac hereby irrevocably authorizes the Holders to exercise all such rights in respect of any Agreement Default to the extent set forth in this Section.

• The Governmental Lender will promptly notify or cause to be notified the Borrower, the Fiscal Agent, the Servicer, if any, and the Funding Lender in writing of the occurrence of any Borrower Loan Agreement Default, provided that the Governmental Lender has received written notice or otherwise has knowledge of such event.

More Definitions of Agreement Default

Agreement Default means any misrepresentation or breach of warranty made by a Party, or the failure by a Party to perform or observe any of the covenants or agreements to be performed by such Party under this Agreement, except for the covenants contained in Section 7.1 of this Agreement, or any other agreement delivered in connection herewith.

Agreement Default. With respect to any Eligible PC or Eligible Giant PC that is issued or guaranteed by Xxxxxxx Mac and included in a Mirror Pass-Through Pool, an “Event of Default” as defined in the PC Agreement, in the Giant Agreement or in this Agreement, as the case may be, and relating to such Eligible Security.

Agreement Default means any misrepresentation or breach of warranty made by a Party hereunder or by a Company Securityholder under the Subscription Share Transfer Agreements, the Warrant Surrender Agreements or the Option Surrender Agreements or the failure of any such person to perform or observe in any respect any of the covenants or agreements to be performed by such person under this Agreement or such agreements. For greater certainty, any misrepresentation or breach of the Company Warranties and any failure of the Company to perform or observe in any respect any of the covenants or agreements to be performed by the Company hereunder shall be deemed to be and shall constitute an Agreement Default by the Company Securityholders;

Agreement Default means any material misrepresentation or breach of a material warranty made by a Party, or the failure of a Party to perform or observe in any material respect any of the covenants or agreements to be performed by such Party under this Agreement or any agreement or other certificate or instrument delivered in connection herewith.

Agreement Default shall have the meaning provided in clause (b) of the final paragraph of Section 10.

Agreement Default. With respect to any Asset that is issued or guaranteed by Xxxxxxx Mac and included in a Pass-Through Pool, an “Event of Default” as defined in the applicable Underlying Trust Agreement of Xxxxxxx Mac or in this Agreement, and with respect to any Asset that is issued or guaranteed by Xxxxxx Mae and included in a Pass-Through Pool, an “Event of Default” or comparable event as defined in the applicable Underlying Trust Agreement of Xxxxxx Xxx, as the case may be, and relating to such Asset.

Agreement Default means: (a) the Employer fails to pay any Employer Scheduled Premium required to be paid under the provisions of Section 5 within sixty (60) days of the beginning of a Policy Year; or (b) the Termination of the Plan by the Employer pursuant to Section 10.02.