Default definition

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.

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

• Until so paid, any fees payable hereunder shall be added to the principal amount of the Note and shall bear interest at the Default Rate.

• Without limiting the generality of the foregoing, after the occurrence and during the continuance of an Event of Default, Secured Party is specifically authorized to execute and file any applications for or instruments of transfer and assignment of any patents, trademarks, copyrights or other Intellectual Property with the United States Patent and Trademark Office and the United States Copyright Office and any other global intellectual property office.

• Without limiting the generality of the foregoing, (a) the Secured Party does not (i) have any duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral or to preserve any rights relating to the Collateral, or (ii) have any obligation to clean-up or otherwise prepare the Collateral for sale, and (b) Debtor shall remain obligated and liable under each contract or agreement included in the Collateral to be observed or performed by Debtor thereunder.

• In addition, each Debtor waives any and all rights that it may have to a judicial hearing in advance of the enforcement of any of the Secured Party’s rights and remedies hereunder, including, without limitation, its right following an Event of Default to take immediate possession of the Collateral and to exercise its rights and remedies with respect thereto.

• If, upon designation of a Termination Settlement Date by Dealer pursuant to the preceding sentence, Counterparty fails to deliver the Settlement Shares relating to such Termination Settlement Date when due or otherwise fails to perform obligations within its control in respect of the Transaction, it shall be an Event of Default with respect to Counterparty and Section 6 of the Agreement shall apply.

More Definitions 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 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 an event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

Default means any condition or event that, with the giving of notice or the 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 any occurrence that is, or with notice or the lapse of time or both would become, 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.