Default definition

Default means any event that is, or with the passage of time or the giving of notice 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 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.

Examples of Default in a sentence

  • If there has been an Event of Default on the Developer’s part, the District may, without prejudice to any other right or remedy, terminate the Site Lease and Facilities Lease.

  • No delay or omission to exercise any right or power accruing upon any Default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient.

  • If there has been an Event of Default on the District’s part, the Developer may exercise any and all remedies available pursuant to law or granted pursuant to this Facilities Lease; provided, however, there shall be no right under any circumstances to accelerate any of the payments required pursuant to the Guaranteed Maximum Price Provisions indicated in Exhibit C or otherwise declare those payments not then past due to be immediately due and payable.

  • Whenever a Default occurs, the City may immediately, without notice, suspend its performance under this Agreement.

  • No delay or omission to exercise any right or power accruing upon any Default shall impair any such right or power or shall be construed to be a waiver thereof but any such right and power may be exercised from time to time and as often as may be deemed expedient.


More Definitions 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.
Default means any event, act or condition which with notice or lapse of time, or both, would constitute an Event of Default.
Default means an event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.
Default means any event or condition which upon notice, lapse of time or both would constitute an Event 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 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 or condition that constitutes an Event of Default or that upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.