DEFAULT AND ACCELERATION definition

DEFAULT AND ACCELERATION. My Liabilities shall become immediately due and payable notwithstanding any inconsistent provision in any other document upon the happening of any of the following:
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DEFAULT AND ACCELERATION. Upon the occurrence of an Event of Default, Lender may, at its option, declare the entire unpaid balance of principal of and interest on this Note, as well as the unpaid principal of and interest on any other indebtedness or liability of Borrowers to Lender, immediately due and payable without notice or demand. In addition to Lender's right of set-off as provided above, Lender shall have, upon the occurrence of any Event of Default, and at any time thereafter, the remedies provided for in the Credit Agreement and any other document, agreement or instrument evidencing or otherwise relating to this Note.
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DEFAULT AND ACCELERATION. No cross-default or cross-acceleration rights to the Agreement. 157 ATTACHMENT III TO CREDIT AGREEMENT TERMS OF NEW NOTES CAPITALIZED TERMS USED HEREIN WITHOUT DEFINITION SHALL HAVE THE MEANINGS GIVEN TO SUCH TERMS IN THE CREDIT AGREEMENT TO WHICH THIS ATTACHMENT III IS ATTACHED (THE "AGREEMENT").
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Examples of DEFAULT AND ACCELERATION in a sentence

  • On enforcement of the Security in accordance with Conditions 10 (Events of Default and Acceleration), 17 (Enforcement) and the Security Trust Deed, the Security Trustee is required to apply monies available for distribution in accordance with the Enforcement Order of Priority.

  • No other RedemptionThe Issuer shall not be entitled to redeem the Notes otherwise than as provided in this Condition 6 ( Redemption) or as provided in Condition 10 (Events of Default and Acceleration).

  • All payments by the Issuer relating to the Bonds and the Finance Documents following an acceleration of the Bonds in accordance with Clause 15 (Events of Default and Acceleration of the Bonds) and any proceeds received from an enforcement of the Transaction Security or Guarantees shall be distributed in accordance with the terms of the Intercreditor Agreement.

  • The Issuer shall not be entitled to redeem the Notes otherwise than as provided in this Condition 6 (Redemption) or as provided in Condition 10 (Events of Default and Acceleration).

  • Events of Default and Acceleration Events of default are defined in the senior indenture.

  • Events of Default and Acceleration In case an Event of Default with respect to any Notes has occurred and is continuing, the amount payable to a holder of a Note upon any acceleration permitted by the Notes, with respect to each $1,000 principal amount, will be equal to the payment at maturity, calculated as though the date of acceleration were the stated maturity date of the Notes.

  • Events of Default and Acceleration of the BondsEach of the events or circumstances set out in this Clause 14 (other than Clause 14.10(Acceleration of the Bonds)) is an Event of Default.

  • All payments by the Issuer relating to the Bonds and the Finance Documents following an acceleration of the Bonds in accordance with Clause 16 (Events of Default and Acceleration of the Bonds) and any proceeds received from an enforcement of the Transaction Security or Guarantees shall be distributed in accordance with the terms of the Intercreditor Agreement.

  • The evaluation also criticised parts of the aid man- agement model.

  • A Bondholder may not take any steps whatsoever against the Issuer to enforce or recover any amount due or owing to it pursuant to these Conditions (save for in accordance with Condition 15 (Events of Default and Acceleration of the Bonds)).


More Definitions of DEFAULT AND ACCELERATION

DEFAULT AND ACCELERATION. Unless otherwise specified in the Election Sheet,
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DEFAULT AND ACCELERATION. At the option of Applied Research of Maryland, Inc. the unpaid balance of this Note shall become immediately due and payable after ten (10) days written notice and failure to cure (a) if any payment required by this Note is not made when due; or (b) upon the occurrence of a default or noncompliance of any of the terms or conditions contained in the Intercompany Settlement Agreement and Security Agreement of even date herewith by and between ARInternet, Inc. and ARSoftware, Inc. and Applied Research of Maryland, Inc. WAIVER OF NOTICE AND PRESENTMENT: The Maker and any guarantors or endorsers hereof, jointly and severally, waive presentment, notice of dishonor and protest, and assent to any extension of time with respect to any payment due under this Note, to any substitution or release of collateral and to the addition or release of any party. Any waiver of any payment or any right under this Note shall not operate as a waiver of any other payment or right.
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DEFAULT AND ACCELERATION. Borrower will be in default under this Note if:
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DEFAULT AND ACCELERATION. No cross-default or cross-acceleration rights to the Agreement. 159 ATTACHMENT IV TO CREDIT AGREEMENT TERMS OF TRADE LIEN CAPITALIZED TERMS USED HEREIN WITHOUT DEFINITION SHALL HAVE THE MEANINGS GIVEN TO SUCH TERMS IN THE CREDIT AGREEMENT TO WHICH THIS ATTACHMENT IV IS ATTACHED (THE "AGREEMENT").
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DEFAULT AND ACCELERATION. No cross-default or cross-acceleration rights to the Agreement. 120 Attachment II to Credit Agreement ---------------- TERMS OF CURE NOTES ------------------- Capitalized terms used herein without definition shall have the meanings given to such terms in the Credit Agreement to which this Attachment II is attached (the "Agreement"). --------- Issuer: The Borrower. Holders: Non-Debtor parties to executory contracts that are to be, or have been, assumed pursuant to the Confirmed Plan for the purpose of paying "cure amounts" as required by Section 365 of the Bankruptcy Code. Maximum Aggregate Principal Amount: $3,500,000.00. Maximum Interest Rate: 9% per annum. Minimum Term: Three years. Principal Repayment: Principal to be repaid in 12 equal quarterly installments commencing 3 months after the Plan Effective Date. Interest Payments: Accrued interest to be paid on each principal payment date. Collateral: None. Default and Acceleration: No cross-default or cross-acceleration rights to the Agreement. 121 Attachment III to Credit Agreement ---------------- TERMS OF NEW NOTES ------------------ Capitalized terms used herein without definition shall have the meanings given to such terms in the Credit Agreement to which this Attachment III is attached (the "Agreement"). ---------
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DEFAULT AND ACCELERATION. The Borrower shall be in Default upon the occurrence of any one or more of any of the following events:(1) the Borrower shall fail to pay, when due, any amount required hereunder or any other indebtedness of the Borrower to the Lender or any third parties; (2) any warranty or representation made by the Borrower shall prove to be false or misleading in any respect; (3) the Borrower or any guarantor of this Promissory Note shall liquidate, merge, dissolve, terminate its existence, suspend business operations, die (if an individual), have a receiver appointed for all or any part of its property make an assignment for the benefit of its creditors, or file or have filed against it any petition under any existing or future bankruptcy or insolvency law; (4) any change occurs in the condition or affairs financial or otherwise) of the Borrower or any guarantor of this Promissory Note which, in the opinion of the Lender, impairs the Lender's security or increases its risk with respect to this Promissory Note; (5) Borrower fails to keep any promise under any agreements intended to secure the repayment of this Promissory Note; or (6) Lender reasonably deems itself insecure. Unless prohibited by law, the Lender may, at its option, declare the entire unpaid balance of principal and interest immediately due and payable without notice or demand at any time after Default, as such term is defined in this paragraph.
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Related to DEFAULT AND ACCELERATION

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Term Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

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

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Acceleration means, with respect to the amounts payable in respect of the Equipment Notes issued under any Indenture, such amounts becoming immediately due and payable by declaration or otherwise. “Accelerate”, “Accelerated” and “Accelerating” have meanings correlative to the foregoing.

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Specified Default means a Default under Section 8.01(a), (f) or (g).

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.