Asset Default Requirement definition

Asset Default Requirement means zero in respect of the Principal Assets, and in respect of any other Asset Issuer Obligations means U.S.$10,000,000 or its equivalent in the currency or currencies in which such Asset Issuer Obligation is denominated as of the occurrence of the relevant Asset Trigger Event
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Related to Asset Default Requirement

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to four percent (4.0%) plus the Base Rate as in effect from time to time.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.