Examples of Default Notice in a sentence

Subordinate Lender may have up to 30 days from the date of the Default Notice to cure any monetary default under the First Mortgage Loan Documents; provided, however, that the Senior Lender shall be entitled during such 30-day period to continue to pursue its remedies with respect to the Property.
Subordinate Lender may have up to 60 days from the date of the Default Notice to cure a non- monetary default if during such 60-day period Subordinate Lender keeps current all payments required by the First Mortgage Loan Documents.
Upon the occurrence and continuation of any EDG Event of Default specified in Article 13.2, the SPG shall have the right to deliver to EDG, a SPG Preliminary Default Notice, which notice shall specify in reasonable detail the circumstances giving rise to its issue.
The Senior Lender shall deliver to the Subordinate Lender a Default Notice within five Business Days in each case where the Senior Lender has given a Default Notice to the Borrower.
Until the Subordinate Xxxxxx receives a Default Notice of a First Mortgage Loan Default from the Senior Lender, the Subordinate Lender shall be entitled to retain for its own account all payments made under or pursuant to the Subordinate Loan Documents.

More Definitions of Default Notice

Default Notice has the meaning set forth in Section 13.2.1.

Default Notice has the meaning set forth in Section 6.1(a).

Default Notice has the meaning given to that term in clause 22(a).

Default Notice means the notice issued by the Pledgee to declare the Default Event hereunder.

Default Notice a written notice served by the non-Defaulting Party on the Defaulting Party under paragraph 10 stating that an event shall be treated as an Event of Default for the purposes of this Agreement;

Default Notice has the meaning set forth in Section 10.2.