Default Notification definition

Default Notification means the written notice that a Participating Financial Institution must submit to the Authority upon the default of an enrolled loan.
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Default Notification means a notification declaring event of default under this agreement sent by pledgor.
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Default Notification means the delivery of a written notice by a Holder to each of the Issuer, the Principal Security Agent, the Collateral Agent, the Swap Counterparty (if any) and the Repo Counterparty (if any) specifying that an Event of Default has occurred in accordance with Collateral Security Condition 6.1;
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Examples of Default Notification in a sentence

  • Sole Paragraph - If, within ninety (90) days from the receipt of the Default Notification, the Defaulting Party(ies) shall not remedy the verified default as provided in the referred notification, the right to vote and to the Shares at the Preliminary Meetings held by the Defaulting Party(ies) shall be suspended, and Parties which are not Defaulting Parties (“Compliant Party(ies)”) shall convene a Preliminary Meeting in order to suspend the voting rights of the Defaulting Party(ies).

  • If the Alleging Party accepts the CRE Explanation (or fails to timely respond), then the related CRE Default Notification will be deemed revoked and the Alleged Party will have no further obligation in respect thereof.

  • For any Default arising from a failure to make an undisputed payment set forth in this Agreement, the allegedly defaulting Party will have [*] from the receipt of the applicable Default Notification to cure such payment Default.

  • If the Party receiving notice of Default fails to cure that Default within the applicable period set forth above, then the Party originally delivering the Default Notification may terminate this Agreement effective upon written notice of termination to the other Party.

  • The allegedly Defaulting Shareholder shall have 30 days from the receipt of the applicable Default Notification to cure such Default.


More Definitions of Default Notification

Default Notification means the delivery of a written notice by a Holder, or if applicable, the Distributor acting on behalf of a Holder to each of the Issuer, the Principal Security Agent and theCollateral Agent specifying that an Event of Default has occurred in accordance with Collateral Security Condition 6.1;
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Default Notification has the meaning set forth in Section 13.2.2 (Termination for Cause).
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Default Notification means the delivery of a written notice by a Holder, or if applicable, the Distributor acting on behalf of a Holder to each of the Issuer, the Principal Security Agent and the
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Default Notification has the meaning set forth in the Intercreditor Agreement.
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Related to Default Notification

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

  • 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.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • 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.