Default in Other Agreements definition

Default in Other Agreements means any Diversified Party or any Affiliate of a Diversified Party shall fail to pay when due any principal or interest on any Indebtedness (other than the Indebtedness under the Basic Documents); if such failure to pay, breach or default entitles the holder to cause such Indebtedness having an individual principal amount in excess of $5,000,000 or having an aggregate principal amount in excess of $10,000,000 to become or be declared due prior to its stated maturity.
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Default in Other Agreements means (1) any Diversified Party or any Affiliate of a Diversified Party shall fail to pay when due any principal or interest on any Indebtedness (other than the Indebtedness under the Basic Documents) or (2) breach or default of any Diversified Party, DABS or DABS II with respect to any Indebtedness (other than the Indebtedness under the Basic Documents); if such failure to pay, breach or default entitles the holder to cause such Indebtedness having an individual principal amount in excess of $250,000 or having an aggregate principal amount in excess of $500,000 to become or be declared due prior to its stated maturity.
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Default in Other Agreements means (1) any Diversified Party or any Affiliate of a Diversified Party shall fail to pay when due any principal or interest on any Indebtedness (other than the Indebtedness under the Basic Documents) or (2) breach or default of any Diversified Party, DABS, DABS II, DABS III or DABS IV with respect to any Indebtedness (other than the Indebtedness under the Basic Documents); if such failure to pay, breach or default entitles the holder to cause such Indebtedness having an individual principal amount in excess of $250,000 or having an aggregate principal amount in excess of $500,000 to become or be declared due prior to its stated maturity.
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Examples of Default in Other Agreements in a sentence

  • EVENTS OF DEFAULT 112 8.1 Failure to Make Payments When Due 112 8.2 Default in Other Agreements 112 8.3 Breach of Certain Covenants 112 8.4 Breach of Warranty 113 8.5 Other Defaults Under Loan Documents 113 8.6 Involuntary Bankruptcy; Appointment of Receiver, etc.

  • Page 26 (B) Default in Other Agreements................................................................

  • Default in Other Agreements.........................................................

  • Notice of Default in Other Agreements..................- 26 - SECTION 6.09.

  • EVENTS OF DEFAULT 106 8.1 Failure to Make Payments When Due 106 8.2 Default in Other Agreements 106 8.3 Breach of Certain Covenants 107 8.4 Breach of Warranty 107 8.5 Other Defaults Under Loan Documents 107 8.6Involuntary Bankruptcy; Appointment of Receiver, etc.107 8.7Voluntary Bankruptcy; Appointment of Receiver, etc.

  • Failure by Company to pay (i) when due any installment of principal of any Loan, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; (ii) when due any amount payable to an Issuing Bank in reimbursement of any drawing under a Letter of Credit; or (iii) any interest on any Loan or any fee or any other amount due hereunder within five (5) Business Days after the date due; or (b) Default in Other Agreements.

  • Notice of Default in Other Agreements...................................

  • Failure by any Credit Party to pay (i) the principal(a) of any Loan or any amount payable to the Issuing Bank in reimbursement of any drawing under a Letter of Credit, in either case when due, whether at stated maturity, by acceleration or otherwise or (ii) within three Business Days of when due any interest on any Loan or any fee or any other amount due hereunder; or Default in Other Agreements.

  • EVENTS OF DEFAULT 127 8.1 Failure to Make Payments When Due 127 8.2 Default in Other Agreements 127 8.3 Breach of Certain Covenants 127 8.4 Breach of Warranty 128 8.5 Other Defaults Under Loan Documents 128 8.6 Involuntary Bankruptcy; Appointment of Receiver, etc.

Related to Default in Other Agreements

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Event of Default has the meaning specified in Section 8.01.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • 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).

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

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

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

  • 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).

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

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • Contractual Obligation means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound.

  • Note Default Interest Spread means a rate per annum equal to three percent (3.0%); provided, however, that if the weighted average of the Senior Note Default Rate and the Note B Default Rate would exceed the maximum rate permitted by applicable law, the note default interest spread shall equal (i) the rate at which the weighted average of the Senior Note Default Rate and the Note B Default Rate equals the maximum rate permitted by applicable law minus (ii) the Mortgage Loan Rate.

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

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

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

  • Default means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

  • Extra Contractual Obligations shall be defined as those liabilities not covered under any other provision of this Contract and that arise from the handling of any claim on business covered hereunder, such liabilities arising because of, but not limited to, the following: failure by the Company to settle within the Policy limit, or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • Material Agreements shall have the meaning assigned to such term in Section 4.16 hereof.

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

  • Recourse Indebtedness means Indebtedness that is not Non-Recourse Indebtedness; provided that personal recourse for Customary Recourse Exceptions shall not, by itself, cause such Indebtedness to be characterized as Recourse Indebtedness.

  • 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.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.