Date of Default definition

Date of Default means the earliest date upon which an installment or payment was due which was not paid by the Borrower according to the terms of the Note.

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Date of Default has the meaning specified in Section 9.2(a).

Date of Default means the date on which a provider fails to pay to the Commission a sum which is payable to it under this Order;

Examples of Date of Default in a sentence

• On the Date of Default, there shall immediately be due and payable to Lender the amount of the Loan outstanding, plus accrued interest and all other amounts owed by the Company pursuant to this Agreement.

• From and after the Date of Default, interest on the Loan shall accrue at the Default Rate and shall be payable on demand.

• An Original Principal or Clar▇ ▇▇▇ fails to make Required Capital Contribution prior to the expiration of seven (7) days after such notice (the "Date of Default") shall be a "Defaulting Member." The obligation of a Defaulting Member to make a Required Capital Contribution shall bear interest from and after the Date of Default at a rate equal to the Prime Rate plus five percent (5%) per annum, which interest shall compound quarterly.

• If a default occurs (and the same is not cured), then a Relevant Lender may, by a written request to the Lead Lender, make a reference of the respective Borrower for resolution in accordance with this Agreement within 30 (thirty) days of the Date of Default.

• Upon the Date of Default and upon notice from the Lender of an Event of Default specified in Section 10.1 (other than Section 10.1(f)), the Loan, together with all interest thereon and all other amounts owed by the Borrower hereunder to the Lender, shall be accelerated and become immediately due and payable in full.

More Definitions of Date of Default

Date of Default means the date when the first Default occurs under the Property Loan Mortgage and if no such Default has occurred prior to the Date of Disposal then the Date of Disposal shall be deemed to be the Date of Default.

Date of Default shall have the meaning specified in Section 4.3(c) hereof.

Date of Default means the first calendar day after the borrower has failed to meet the borrower’s obligations under the terms of the debt instrument where the debt instrument characterizes that failure as a default.

Date of Default means the date when the LDM or CSD Member has been declared to be in default pursuant to these Rules;

Date of Default means the date of the occurrence of an Event of Default.

Date of Default means the date on which a Covered Loan initially Defaults. For example, if a Borrower fails to pay the monthly installments due on January 1, February 1, March 1, and April 1, and all such installments remain unpaid as of the close of business on April 1, the Date of Default is January 1.

Date of Default means the date that either (A) there is any material default by the Company under the terms of the Securities Purchase Agreement or the Cancellation Agreement that is not cured within thirty (30) days after receipt by the Company of written notice from OFI that provides in reasonable detail a description of the breach, or (B) any failure of the 20% Proposal to be approved by the stockholders of the Company on or prior to March 31, 2018; and (2) “Requisite Percentage” means the percentage of voting power of a Securityholder that is equal to the quotient of (A) the number of shares into which the Series B Stock is convertible without giving effect to any restrictions on conversion thereof, divided by (B) the sum of (i) the number of shares of the Common Stock of the Company outstanding plus (ii) the number of shares of Common Stock underlying the outstanding Series B Stock.”