Default Base definition

Default Base means, in relation to any Monthly Collection Period (the Relevant Collection Period), the total Outstanding Amount of Relevant Receivables which had a Due Date falling during the Monthly Collection Period which was 3 Monthly Collection Periods prior to the Relevant Collection Period;
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Default Base means, in relation to any Collection Period (the "Relevant Collection Period"), the total amount of the Relevant Receivables which had a Maturity Date during the Collection Period which was two Collection Periods prior to the Relevant Collection Period.
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Examples of Default Base in a sentence

  • For Base Rate Loans, at a rate per annum equal at all times to the Applicable Margin plus the Base Rate in effect from time to time, payable in arrears monthly on the first day of each month and on the Termination Date; provided, however, that during the continuance of an Event of Default, Base Rate Loans shall bear interest, payable on demand, at a rate per annum equal at all times to 2% per annum above the Base Rate in effect from time to time plus the Applicable Margin.

  • All amounts paid by the Lenders pursuant to this Section 2.2(f) shall be deemed to be (i) so long as there exists no Default or Event of Default, Base Rate Advances made pursuant to this Agreement and (ii) if there then exists a Default or Event of Default, a purchase by each Lender of a participation in the Letter of Credit Obligations in respect of such Letter of Credit.

  • Should Borrower fail to make any payments required to be made under clause (c) above, Required Lenders may, but shall not be obligated to, determine that Lenders shall make advances under the Line of Credit Notes (which advances shall, in Required Lenders' discretion bear interest at either the Line of Credit Default Base Rate or the Default Rate) and deposit such advances into an escrow account established for such purpose, to apply to amounts drawn under the Letters of Credit.

  • If an Event of Default is declared under this Lease, (A) all portions of the Base Rent Abatement credited to Lessee prior to the occurrence of the Event of Default shall become due and payable to Lessor upon demand; and (B) from and after the occurrence of such Event of Default, Base Rent shall be payable by Lessee as if no Base Rent Abatement had been contemplated in this Lease.

  • Custom Delivery Period See clause 13.8 Default Base Product Delivery Point For a Base Product, the delivery point designated as such in the applicable Product Specification.

  • In the case of an Event of Default, Base Rent abated pursuant to this Section shall immediately become due and payable in full.

  • Notwithstanding anything herein to the contrary, so long as Tenant is not in Default, Base Rent shall not be due or payable until August 1, 2000; provided, however, that if the Premises are not available for Delivery (whether or not this Lease has then been executed) on May 1, 2000, Base Rent shall not be due until August 1, 2000, plus the number of days from May 1, 2000, until the date the Premises are ready for Delivery to Tenant.

  • If there is an error, please contact the Credit Union promptly as provided in Section 5 of this Agreement.

  • Notwithstanding the foregoing, provided that Tenant is not then in Default, Base Rent payable for the Expansion Premises shall be deemed abated for the first 5 full calendar months after the Expansion Premises Commencement Date (“Expansion Premises Base Rent Abatement”).

  • For Base Rate Loans, at a rate per annum equal at all times to the Applicable Margin PLUS the Base Rate in effect from time to time, payable in arrears monthly on the first day of each month and on the Termination Date; PROVIDED, HOWEVER, that during the continuance of an Event of Default, Base Rate Loans shall bear interest, payable on demand, at a rate per annum equal at all times to 2% per annum above the Base Rate in effect from time to time plus the Applicable Margin.