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

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

  • 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.


More Definitions of Default Direction

Default Direction. ‎6.1(a) “Defaulted Interest” ‎2.15 “Directing Holder” ‎6.1(a) “equity incentives” Clause (6) in definition of “Consolidated Net Income” “Euroclear” ‎2.1(b)
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Default Direction means a Securityholder direction relating to a notice of default.
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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).

  • 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 default fund held by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012;

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

  • 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).

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

  • 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 any condition, circumstance, act or event that, with the giving of notice, the lapse of time or both, would constitute an Indenture Event of Default.

  • 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 by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

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

  • 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.

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

  • Potential Default means an event which but for the lapse of time or the giving of notice, or both, would constitute an Event of Default.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).