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 a declaration made by the Council under paragraph 15(1);
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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.

  • 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.

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

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

  • The Reclamation Investment Committee will act promptly to develop and provide to the Opt-in Participants appropriate Make-up Funding Curves for the Make-up Reclamation Trust Funds, as provided for in Section 6.4. Upon receipt of a Make-up Funding Curve from the Reclamation Investment Committee, each Opt-in Participant will promptly fund its Make-up Reclamation Trust Fund to its share of the Make-up Funding Curve target amount for the calendar year in which the Default Declaration was issued.

  • 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.

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

  • 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.


More Definitions of Default Declaration

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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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).

  • Master Declaration means a written instrument, however named, (i) recorded on or after June 1, 1994, and (ii) complying with section 515B.2-121, subsection (e).

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

  • 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.

  • 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.

  • Hardship declaration means the following statement, or a substan-

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

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

  • 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.

  • 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) of this Note.

  • 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 Default or Event of Default under the Senior Credit Agreement or any document referred to therein.

  • 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 One or more of the events described in Section 7.01.

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

  • 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:

  • 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” under and 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).