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 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. 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 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.

Examples of Agreement Default in a sentence

• Each of the following shall constitute an Event of Default under this Agreement: Default on Indebtedness.

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

• Without relieving the Governmental Lender from the responsibility for performance and observance of the agreements and covenants required to be performed and observed by it hereunder, the Borrower, on behalf of the Governmental Lender, may perform any such agreement or covenant if no Borrower Loan Agreement Default or Potential Default under the Borrower Loan Agreement exists.

• Without relieving the Governmental Lender from the responsibility for performance and observance of the agreements and covenants required to be performed and observed by it hereunder, the Borrower, on behalf of the Governmental Lender, may (but is under no obligation to) perform any such agreement or covenant if no Borrower Loan Agreement Default or Potential Default under (and as such term is defined in) the Borrower Loan Agreement exists.

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

More Definitions of Agreement Default

Agreement Default. An ""Event of Default'' as defined 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.

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 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 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.

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 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 Freddie Mac and included in a Pass-Through Pool, an “Event of Default” as defined in the applicable Underlying Trust Agreement of Freddie Mac or in this Agreement, and with respect to any Asset that is issued or guaranteed by Xxxxxx Xxx 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.