Default Day definition

Default Day has the meaning given in Clause 13.2;
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Default Day shall have the meaning set forth in Section 2(d) hereof.
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Default Day has the meaning given in clause 15.2; “Default Price” means:
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Examples of Default Day in a sentence

  • Merely by way of guidance, it means (unless otherwise provided) the number of calendar days from the Default Day to the end of the Study Period(s) for which the Institute has received payment of Tuition Fees from or in relation to the Student, divided by 7, then rounded up to the nearest whole number.

  • The Adjustment Pricing Period shall be extended by one additional Trading Day for each Delivery Default Day occurring during the Delivery Default Period.

  • 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.

  • Fails to start a course on or before the agreed starting day; or• Withdraws from the course on or before the agreed starting day; then• Within four weeks of receiving a written claim from the student, Somerset will refund the totalamount of course fees received by Somerset before the student’s Default Day.

  • STP FrequencyCycle DateMinimum Amount* (in r)Minimum InstallmentDailyMonday To Friday1,000/-6 WeeklyMonday to Friday1,000/-6FortnightlyAlternate Wednesday1,000/-6Monthly1st 7th 10th 15th or 25th1,000/-6Quarterly1st 7th 10th 15th or 25th3,000/-2 In case Day of Transfer has not been indicated under Weekly frequencies, Wednesday shall be treated as Default Day.

  • 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.

  • 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.

  • 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.

  • No. CIV-F-03-6249 OWW ) Plaintiff, ) Plaintiff's Application for ) Judgment by Default, Day 4 vs.


More Definitions of Default Day

Default Day has the meaning specified in Section 202.
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Default Day has the meaning given in Clause 13.2; “Dispute” has the meaning given in Clause 24.1; "Due Date" has the meaning given in Clause 10.1;
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Default Day means the day after the last day of the period identified in the resolution as the period within which the amount of the instalment is payable.
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Default Day means any day or any part of which the defaulting party is in default;
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Default Day means the day that is 2 years and 9 months after the polling day for the preceding general election
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Default Day has the meaning specified in Section 3.2(b) hereof.
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Related to Default Day

  • Default Date the meaning set forth in Section 3.2(a).

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.

  • Registration Default Damages shall have the meaning set forth in Section 8 hereof.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Registration Default Period shall have the meaning assigned thereto in Section 2(c).

  • Default Period means any period of time beginning on the first day of any month during which a Default or Event of Default has occurred and ending on the date the Lender notifies the Borrower in writing that such Default or Event of Default has been cured or waived.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • default fund means a fund established by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012 and used in accordance with Article 45 of that Regulation;

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

  • 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.

  • 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.

  • Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • 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.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Registration Default As defined in Section 5 hereof.

  • 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.

  • Default Loan has the meaning set forth in Section 3.02(b).

  • Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

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

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

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

  • Default Effect means multiplying the Outstanding Balance as of the date the applicable Event of Default occurred by (a) 15% for each occurrence of any Major Default, or (b) 5% for each occurrence of any Minor Default, and then adding the resulting product to the Outstanding Balance as of the date the applicable Event of Default occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Event of Default occurred; provided that the Default Effect may only be applied three (3) times hereunder with respect to Major Defaults and three (3) times hereunder with respect to Minor Defaults; and provided further that the Default Effect shall not apply to any Event of Default pursuant to Section 4.1(b) hereof.

  • Note Default Interest Spread means, with respect to the outstanding principal balance of any Note, a rate per annum equal to the lesser of (i) the Maximum Legal Rate minus the Note A Rate or (ii) five percent (5%).