Default Day definition
Examples of Default Day in a sentence
The Closing Date stated in Section 2.6 shall be extended by one Trading Day for each Delivery Default Day during the Delivery Default Period.
In this agreement, the following terms have the following meaning: Default Day means the commencement date of the course or the day in which the course ceases to be provided, as the context requires.
The Adjustment Pricing Period shall be extended by one additional Trading Day for each Delivery Default Day occurring during the Delivery Default Period.
All references to payments of interest are deemed to include the additional interest payable in respect of a Registration Default or after a Default Day, as applicable.
In addition to any other remedies available to it, the Company shall be entitled to take the following actions following a Cover Default: Day 0 Date of default Day 0 + 1 Interest and administration fee start to apply.