Default definition

Default means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

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

Default means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

Examples of Default in a sentence

• Failure to comply with this provision shall be considered a Default by the Subconsultant.

• Termination or Default of this Agreement for any reason by the Developer shall not constitute a waiver of the Developer’s legal rights to obtain Capacity Resource Interconnection Service and Energy Resource Interconnection Service from the NYISO and Connecting Transmission Owner in accordance with the provisions of the ISO OATT.

• All costs required to effectuate such disconnection shall be borne by the terminating Party, unless such termination resulted from the non-terminating Party’s Default of this Agreement or such non-terminating Party otherwise is responsible for these costs under this Agreement.

• Each Party may request proof of insurance from the other Party and failure to provide such proof shall be a Default hereunder.

• Upon the occurrence of an Event of Default and within five (5) business days of demand therefore by the Lender, the Borrower will furnish to the Lender in writing a statement of the principal amount remaining due in this Mortgage together with a statement of any defenses which may exist as to any liability of the Borrower on the Mortgage Loan or otherwise hereunder.

More Definitions of Default

Default means any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default.

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

Default means an event or condition the occurrence or existence of which would, with the lapse of time or the giving of notice or both, become an Event of Default.

Default means any event, act or condition which with notice or lapse of time, or both, would constitute an Event of Default.

Default means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series.

Default means any event that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

Default means (a) an Event of Default or (b) any event or condition which with notice or lapse of time or both would, unless cured or waived, become an Event of Default.