Default Event definition

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 Event means an event where:

Default Event means the service of a Close-Out Notice with respect to any of the events set out in

Examples of Default Event in a sentence

• Performance not meeting the specified criteria for a period of three (3) months over the term of this Maintenance Contract shall be deemed to be a Contractor Default Event, provided that performance by the Contractor for the three (3) months immediately following the date of Provisional Acceptance of the specified segment shall not be included in making this calculation.

• The Securities confer Securityholders with limited rights upon the occurrence of a Breach of Covenant Event or a Relevant Indebtedness Default Event.

• If the Issuer elects not to redeem the Securities upon the occurrence of such events, the Distribution Rate will increase by a certain percentage per annum pursuant to Securities Condition 5.3. However, the occurrence of a Breach of Covenant Event or a Relevant Indebtedness Default Event may result in certain of the Issuer’s other capital markets indebtedness becoming immediately due and payable upon certain steps being taken by the relevant holders and/or their representatives.

• Customer must properly utilize the Event-Type assignment (including Default Event Type) and overrides to ensure customer desired outcome of automated data deletion/purging with full knowledge that once deleted/purged from the system there is no possible recovery from the system of deleted/purged data.

More Definitions of Default Event

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

Default Event means any material breach by the Corporation of its obligations under this Certificate of Designations, other than a Non-Payment Event, which, if curable, is not cured on or prior to the 30th day after receipt of written notice from Ares after such default.

Default Event means those events listed in clause 18.2.

Default Event means a General Default or a Project Default;

Default Event means any of the following events: (1) any time when the Company fails to make a mandatory redemption of the Senior Preferred Stock when required (whether or not any contractual or other restrictions apply to such redemption) pursuant to paragraph (e)(ii) hereof; or (2) any time when the Company fails to make an offer to repurchase all of the outstanding shares of Senior Preferred Stock following a Change of Control, if such offer to repurchase is required to be made pursuant to paragraph (g)(i) hereof (whether or not any contractual or other restrictions apply to such redemption).

Default Event means any of the circumstances set forth in Article 7 hereof.

Default Event means a scenario in which the CCP has declared in default: