Default Declaration definition

Default Declaration means a declaration of default as defined in Section 8.5.
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Default Declaration means a declaration made by LCI under paragraph 13(1); “defaulter” means a participant in respect of which LCI has made a default declaration;
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Default Declaration means any notice from the Majority Banks to the Borrowers declaring that an Event of Default has occurred and is continuing (as contemplated in Section 9.08(b) hereof), which may be given by the Administrative Agent if so directed by the Majority Banks.
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Examples of Default Declaration in a sentence

  • It shall notify the Defaulting Member, DFSA and other Members of the Declared Default and Default Declaration Date and time in writing.

  • Notice of any Default Declaration shall promptly be given to all Noteholders by the Issuer in accordance with Condition 15.

  • NASDAQ Dubai shall, in its absolute discretion, determine whether it will treat an Event of Default as a Declared Default and shall determine the Default Declaration Date and time.

  • It must act in coordination with AIX, give Notice to the Defaulting Participant and may notify other Participants and the public of the Declared Default and Default Declaration Date.

  • Nasdaq Dubai shall, in its absolute discretion, determine whether it will treat an Event of Default as a Declared Default and shall determine the Default Declaration Date and time.

  • Notarial fees shall be borne by the Company, in the case of General Approval or the Creditor which proposes the Default Declaration Approval, in the case of Default Declaration Approval.

  • Upon delivery of the Default Declaration, the Party in Default under this Decommissioning Agreement will lose all its rights but retain its obligations under this Decommissioning Agreement, the Mine Reclamation Agreement and the Restructuring Agreement so long as the Default is in effect.

  • The pendency of a Protest will not prevent the Reclamation Trust Funds Operating Agent from making a Default Declaration.

  • The Reclamation Trust Funds Operating Agent will serve a copy of the Notification of Intent and of the Default Declaration on: (i) the representatives on the Reclamation Oversight Committee; (ii) all persons entitled to receive notices under Section 28.1; and (iii) the Trustee of the defaulting Party’s Reclamation Trust.

  • The pendency of a Protest will not prevent the Decommissioning Agent from making a Default Declaration.


More Definitions of Default Declaration

Default Declaration. ’ means a declaration made by the Council under paragraph 15(1);
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Related to Default Declaration

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

  • 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.

  • 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.

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

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Owner Event of Default has the meaning specified in Section 16.2.

  • 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.

  • 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).

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

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

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

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • 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.

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

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Servicer Event of Default wherever used herein, means any one of the following events:

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

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).