Default Articles definition

Default Articles means the Default Articles of Agreement issued with the State Board Report.
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Default Articles means the Default Articles of Agreement issued
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Examples of Default Articles in a sentence

  • Minutes from the January 2, 2019 Act 46 Default Articles of Agreement Amendment Committee Meeting were distributed.A document titled ‘Proposed Amendments to Default Articles 2019-01-02’ was distributed.

  • A document titled ‘Draft Default Articles of Agreement – Concerns Raised and Responsive Draft Articles’ was distributed.

  • Ms. Ricks was advised that the deadline for changes to the Default Articles of Agreement is set in Statute and was not determined by the State Board of Education.

  • The BUUSD Transitional Board agreed that they are not interested in pursuing an extension on the vote date and do not want to risk the opportunity to hold a vote on amending the Default Articles of Agreement.

  • Additionally, the Transitional Board will prepare for and warn (as one or more special meetings) election of the Initial Board Members, and Amendments to Default Articles of Agreement.

  • A document titled ‘Draft Default Articles of Agreement for initial consideration by the State Board of Education’ was also distributed.

  • Dottye Ricks addressed the Board and requested that for numerous reasons, she would like the Board to contact the State Board of Education and request an extension of five days (to the deadline for holding a vote), to vote for changes to the Default Articles of Agreement.

  • The Draft Default Articles of Agreement would form a board consisting of 2 members from each town (2 Plainfield, 2 Marshfield, 2 Barre City, and 2 Barre Town).

  • The overview included discussion of the Barre Town re-vote and work to be completed under both merger scenarios (voluntary or forced), including; Boards (transitional and initial), current Boards (including seats that expire in March 2019), budgeting, Articles of Agreement (including amendments to Default Articles of Agreement), and the possible formation of a new 706 Study Committee to work on changes to Default Articles of Agreement (in the event the „no‟ vote stands).

  • The Committee also recommends replacing Default Articles of Agreement 3 and 4 with Articles of Agreement 13 and 14 drafted by the previous 706 Study Committee.

Related to Default Articles

  • Cross Default Amount means, for a Party, the cross default amount, if any, set forth in the Cover Sheet for that Party.

  • Investor Default Amount means, with respect to any Distribution Date, an amount equal to the product of (a) the Defaulted Amount for the related Monthly Period and (b) the Floating Allocation Percentage for such Monthly Period.

  • Mandatory Default Amount means the payment of 130% of the outstanding principal amount of this Note and accrued and unpaid interest hereon, in addition to the payment of all other amounts, costs, expenses and liquidated damages due in respect of this Note.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Minor Default means any Event of Default that is not a Major Default.

  • 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.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • 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;

  • 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).

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Default Amount means, on any day, an amount in U.S. dollars, as determined by the Calculation Agent in its sole discretion, equal to the cost of having a Qualified Financial Institution (selected as provided below) expressly assume the due and punctual payment of the principal of this Security, and the performance or observance of every covenant hereof and of the Indenture on the part of the Company to be performed or observed with respect to this Security (or to undertake other obligations providing substantially equivalent economic value to the Holder of this Security as the Company’s obligations hereunder). Such cost will equal (i) the lowest amount that a Qualified Financial Institution would charge to effect such assumption (or undertaking) plus (ii) the reasonable expenses (including reasonable attorneys’ fees) incurred by the Holder of this Security in preparing any documentation necessary for such assumption (or undertaking). During the Default Quotation Period, each Holder of this Security and the Company may request a Qualified Financial Institution to provide a quotation of the amount it would charge to effect such assumption (or undertaking). If either party obtains a quotation, it must notify the other party in writing of the quotation. The amount referred to in clause (i) of this paragraph will equal the lowest (or, if there is only one, the only) quotation so obtained, and as to which notice is so given, during the Default Quotation Period; provided that, with respect to any quotation, the party not obtaining the quotation may object, on reasonable and significant grounds, to the effectuation of such assumption (or undertaking) by the Qualified Financial Institution providing such quotation and notify the other party in writing of such grounds within two Business Days after the last day of the Default Quotation Period, in which case that quotation will be disregarded in determining the Default Amount. The “Default Quotation Period” shall be the period beginning on the day the Default Amount first becomes due and ending on the third Business Day after such due date, unless no such quotation is obtained, or unless every such quotation so obtained is objected to within five Business Days after such due date as provided above, in which case the Default Quotation Period will continue until the third Business Day after the first Business Day on which prompt notice of a quotation is given as provided above, unless such quotation is objected to as provided above within five Business Days after such first Business Day, in which case, the Default Quotation Period will continue as provided in this sentence. Notwithstanding the foregoing, if the Default Quotation Period (and the subsequent two Business Day objection period) has not ended prior to the Final Valuation Date, then the Default Amount will equal the Face Amount.

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

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

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • 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.

  • Class B Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class B Floating Percentage for such Monthly Period.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

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

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • 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 means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

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

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).