Examples of DEFAULT BY RESIDENT in a sentence
IN THE EVENT OF DEFAULT BY RESIDENT, RESIDENT IS LIABLE FOR TOTAL UNPAID BALANCE OF THE LEASE IF THE APARTMENT IS NOT RELET BEFORE THE LEASE EXPIRES.
IN THE EVENT OF DEFAULT BY RESIDENT, RESIDENT IS LIABLE FOR TOTAL UNPAID BALANCE OF THE LEASE IF THE APARTMENT IS NOT RELET BEFORE THE LEASE EXPIRES.
Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.
Default Under the Trust Indenture With respect to any MBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any requisite notice, would be an “Event of Default” under the Trust Indenture pursuant to which such MBS was issued.
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.
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.
Minor Default means any Event of Default that is not a Major Default.
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:
Event of Default has the meaning specified in Section 8.01.
Senior Default means any Senior Payment Default or Senior Covenant Default.
Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.
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).
Events of Default has the meaning specified in Section 6.01.
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.
Declaration Event of Default means an “Event of Default” as defined in the Declaration.
Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is not in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obligations under the repayment agreement.
Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).
MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);
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.
Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.
Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.
Default means any event which is, or after notice or passage of time or both would be, 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)).
Event of Noncompliance has the meaning set forth in the Certificate of Designation.
Monetary Default shall have the meaning assigned to such term in Section 11(a).
Financial Covenant Event of Default has the meaning specified in Section 8.01(b).
Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).
Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).