Club Default definition

Club Default has the meaning set forth in Section 12.1.1.
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Club Default is defined in Section 19.1.
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Examples of Club Default in a sentence

  • In the event City suspends this Agreement due to a Club Default and cannot contract with another MiLB team to fulfill Club’s obligations under the Venue License Agreement within one (1) year after such termination, the City, upon BSD request made within thirty (30) days after notice from City to BSD that City could not contract with another MiLB team, convey the Real Property back to BSD for an amount equal to all costs incurred by City in connection with the Venue and Venue Improvements.

  • Mr. Marbury and the other applicants filed a mandamus action, requesting that theSupreme Court order Secretary Madison to carry out his duty and deliver the commissions.The Supreme Court issued the mandamus, and ordered Secretary Madison to deliver the commissions.

  • Any amounts which constitute a Club Default arising under Section 19.1(b) shall bear interest at the Applicable Rate compounded monthly from the date such amount became due and payable until such Club Default is cured.

  • NSF 2 – Abandon Systematic Bias to Faster Predictions in Club Default Data Calculations It is inevitable that default and estimated measurement values will have a spread of error about a mean.

  • The law does not provide a specific mention of medical countermeasures or approving products specifically for use during health emergencies, however under Article 79 MALMED may issue an authorization for import of medicinal products, for which marketing authorization has not been issued, in exceptional cases that include the interest of protecting public health.

  • If the Club disputes whether a Club Default has occurred, the nature of any work performed or the costs and expenses incurred by the PFD in performing the Club’s Ballpark Obligations, it may submit such dispute to the procedures set forth in Article 22.

  • For any Club Default other than a Club Default pursuant to Section 19.1(a), the PFD shall have all of the rights and remedies set forth in Section 19.2(b)(ii) and (iii); provided, however, that in the event of a Club Default resulting from a breach by the Club of Section 18.1.6, the PFD shall avail itself of all the rights and remedies set forth in the Team Non-Relocation Agreement.

  • If a Club Default occurs during the Term and is not cured upon the termination of this Agreement, no amount of the Club Creditable Contribution shall be distributed to the Club until the Club Default is cured or otherwise resolved, and may be used by the PFD, in its reasonable discretion, to pay Club obligations that have accrued and are owing hereunder to the PFD as of such date.

Related to Club Default

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

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • 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.

  • in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for thirty (30) days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

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

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

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • 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:

  • 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.

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • 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.

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

  • Minor Default means any Event of Default that is not a Major Default.

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

  • Default means any event which is, or after notice or passage of time or both would be, an Event of Default.

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

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • 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.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

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

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

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

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).