Credit Default definition

Credit Default means “Event of Default” under and as defined in the Current Credit Agreement (as in effect on the First Amendment Effective Date).

Credit Default has the meaning given such term in Clause 24(c).

Credit Default means any Default which is (or may be) the subject of measures provided for in the Credit Policy, and Credit Defaults shall be construed accordingly;

Examples of Credit Default in a sentence

• Credit Default Swap entered into according to International Swap Dealers Association ("ISDA") standards, if premiums not paid in advance, will be counted as a liability for purpose of the Preferred Shares Basic Maintenance Amount; the Corporation is not the seller of credit protection.

• The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of high yield securities.

• Total unrealized depreciation on Credit Default Swaps on Indexes amounted to $0.

• The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of investment grade securities.

• The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of emerging markets sovereign issuers.

More Definitions of Credit Default

Credit Default means Level 1 Credit Default or Level 2 Credit Default;

Credit Default has the meaning set forth in the Disbursement Agreement.

Credit Default means any condition or event which with the giving of notice or lapse of time or both would, unless cured or waived, become a Credit Event of Default.

Credit Default shall occur (i) if Customer fails to make full and timely payment for all amounts due (subject to Section 5 herein governing billing disputes). In the event of a Credit Default, Atron Solutions may, in addition to its rights available to it at law or in equity: (i) suspend any or all Services to Customer upon written notice;

Credit Default means an “Event of Default” under and as defined in the Current Credit Agreement (as in effect on the Amendment and Restatement Effective Date).

Credit Default with respect to any particular Contract or the Customer -------------- thereunder means any payment default by such Customer which continues for a period of 90 days, default by the Customer under the terms of the Contract (but not including any default arising solely from the Customer's failure to make Payments), the filing of a voluntary or involuntary bankruptcy petition naming such Customer as debtor thereunder, the commencement of any other insolvency 25 of 30 proceedings by or against such Customer, the failure by such Customer to continue its business or legal existence, the meeting by such Customer with a committee of its creditors, the making of any assignment or the appointment of any receiver for any such Creditor or its property, or any other similar event evidencing an insolvency of or imposing upon or seeking any insolvency relief for such Customer.

Credit Default means an event which, with the passage of time or the giving of notice, or both, would constitute an Event of Default under Section 16(i) of the Equipment Operating Lease or Section 16(i) of the Foundation Operating Lease.