Default Direction definition

Default Direction means a Noteholder Direction relating to a notice of Default.
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Default Direction as defined in Subsection 11.1(k).
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Default Direction has the meaning set forth in Section 5.03(a) of this Supplemental Indenture.
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Examples of Default Direction in a sentence

  • Any Noteholder Direction provided by any one or more Directing Holders must be accompanied by a Position Representation, which representation, in the case of a Default Direction shall be deemed repeated at all times until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated.

  • Any Noteholder Direction provided by any Directing Holder must be accompanied by a Position Representation, which representation, in the case of a Default Direction, shall be deemed repeated at all times until the resulting Event of Default is cured or otherwise ceases to exist or the Securities are accelerated.

  • Any Noteholder Direction provided by any Directing Holder must be accompanied by a Position Representation, which representation, in the case of a Default Direction, shall be deemed repeated at all times until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated.

  • Notwithstanding the foregoing, a Default Direction does not apply to checks presented in person at Bank's branches for payment.

  • Effect of Delay or Omission; Waiver of Default; Direction of Remedial Proceedings by the Holders....................................................................................47 Section 12.08.

  • Any Noteholder Direction provided by any Directing Holder must be accompanied by a Position Representation, which representation, in the case of a Default Direction, shall be deemed repeated at all times until the resulting Event of Default is cured or otherwise ceases to exist or the notes are accelerated.

  • Waiver of Default; Direction of Remedial Proceedings by the Holders.


More Definitions of Default Direction

Default Direction means a Securityholder direction relating to a notice of default.
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Default Direction. 201 “Coverage Ratio Tested Committed Amount” 907 “Grower Tested Committed Amount” “Change of Control Payment” 407 407 “Incurrence Based Amounts” “Defaulted Interest” 128 307 “Initial Agreement” 410 415 “Initial Lien” “Defeasance” 413 “Custodian” 1202 “Initial Mandatory Principal Prepayment” 314 601 “LCT Election” “Defeased Notes” 121 1201 “LCT Test Date” 121 “Minimum Denomination” “Division” 302 “Debt Secured Leverage Ratio Tested Committed Amount” 122 “Net Available Cash Amount” “Company Listing” 411 407 “Note Register” and “Note Registrar” “Event of Default” 305 “Change of Control Offer” 601 “Notice of Default” 601 1411 “Offer” “Excess Collateral Proceeds” 411 “Declined Collateral Excess Proceeds” 411 “Parent Guarantee” Term 1401 411 “Parent Guaranteed Obligations” “Excess Other Proceeds” 1401 411 “Permanent Regulation S Global Notes” 201 415 “Permitted Payment” “Excess Proceeds” 409 “Declined Excess Proceeds” 411 “Physical Notes” “Covenant Defeasance” 201 411 “Predecessor Holdings” “Expiration Date” 1410 108 “Private Placement Legend” 203 1203 “Refinancing Agreement” “Financial Incurrence Tests” 410 “Declined Other Excess Proceeds” 121 67 1010271152v11010271152_5.doc 201 “Subsidiary Guaranteed Obligations” 1301 Defined in Section “Successor Company” “Reporting Date” 501 “Regulation S Global Notes” 405 “Successor Holding Company” 1410 201 “Suspended Covenants” “Restricted Payment” 416 409 “Suspension Date” 416 “Suspension Period” “Reversion Time” 416 “Regulation S Note Exchange Date” 416 “Temporary Regulation S Global Notes” “Refunding Capital Stock” 201 313 “Total Leverage Ratio Tested Committed Amount” “Rule 144A Global Notes” 407 Term 201 “Treasury Capital Stock” 409 409 “Trustee” “Rule 144A Physical Notes” 1205 “Regulation S Physical Notes” Section 103. Rules of Construction. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: (1) the terms defined in this Indenture have the meanings assigned to them in this Indenture; (2) “or” is not exclusive; (3) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP; (4) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; (5) all references to “$” or “dollars” shall refer to the lawful currency of the United States of America; (6) the words “include,” “included” and “incl...
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Related to Default Direction

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

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

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(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 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;

  • Minor Default means any Event of Default that is not a Major Default.

  • Non-Monetary Default Notice shall have the meaning assigned to such term in Section 11(d).

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

  • Contractor Default shall have the meaning set forth in Clause 23.1;

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

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

  • Default Management Charge has the meaning given to it in paragraph 6.2 of Framework Schedule 9 (Management Information);

  • 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).

  • 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.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • 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.

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

  • Indenture Default means, with respect to any Indenture, any Event of Default (as such term is defined in such Indenture) thereunder.

  • 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.

  • Enforcement Notice means a written notice delivered, at a time when an ABL Default or Note Default has occurred and is continuing, by either the ABL Agent or the Notes Agent to the other announcing that an Enforcement Period has commenced, specifying the relevant event of default, stating the current balance of the ABL Obligations or the Note Obligations, as applicable, and requesting the current balance of the ABL Obligations or Note Obligations, as applicable, owing to the noticed party.

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

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

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Default Under First Lien With respect to each Second Lien Loan, the related First Lien Loan related thereto is in full force and effect, and there is no default, breach, violation or event which would permit acceleration existing under such first Mortgage or Mortgage Note, and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event which would permit acceleration thereunder;

  • 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.

  • Potential Default means the occurrence of any event or condition which, with the giving of notice, the passage of time, or both, would constitute an Event of Default.