Default Termination Event definition

Default Termination Event has the meaning set forth in Section 31.3.1.
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Default Termination Event means each of the Design-Build Team Defaults listed in Article 19.3.1 of the Agreement.
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Default Termination Event means [Note to Tenderers: Refer to commentary at Part V] Defect means a defect, fault or omission including a failure to conform to the requirements of this Agreement. Deliverable means any services, information, Materials (including Document Deliverables), hardware or other thing which is required to be created, provided, delivered or updated by or on behalf of the Operator under this Agreement, including the Platform. Department means the Department of Home Affairs (ABN 33 380 054 835) and, as the context requires, its Personnel. Department Data means all:
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Examples of Default Termination Event in a sentence

  • In the event of any DB Team Default that is or becomes a Default Termination Event set forth in Article 19.3.1, GDOT may terminate this Agreement and GDOT thereupon may take control of the Work, which termination shall, among other things, automatically terminate all of DB Team’s rights under Article 2, whereupon DB Team shall take all action required to be taken by DB Team under Article 19.5.

  • If GDOT issues notice of termination of this Agreement due to a Default Termination Event, or if DB Team terminates this Agreement on grounds or in circumstances beyond DB Team’s termination rights specifically set forth in this Agreement, DB Team will be entitled to compensation to the extent, and only to the extent, provided in Exhibit 20.

  • If GDOT issues notice of termination of this Agreement due to a Default Termination Event, termination shall be effective and final immediately upon delivery of written notice as provided in Article 19.3.1 regardless of whether GDOT is correct in determining that GDOT has the right to terminate for DB Team Default.

  • Such assignment may be on any terms and subject to any conditions as may be agreed upon by Party A and TCX or such alternative Financial Institution, including, without limitation, a condition that such assignment will become effective upon the occurrence of any Event of Default, Termination Event or Additional Termination Event.

  • If IFA issues Notice of termination of this Agreement due to a Default Termination Event, or if Developer terminates this Agreement on grounds or in circumstances beyond Developer’s termination rights specifically set forth in this Agreement, Developer will be entitled to compensation to the extent (if any), and only to the extent, provided in Section 3 of Exhibit 21 (Early Termination Dates and Terms for Termination Compensation).

  • The Agent shall not be deemed to have knowledge of any Event of Default, Master Servicer Default, Termination Event, or Liquidity Trigger Event or any event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, Master Servicer Default, Termination Event or Liquidity Trigger Event, unless the Agent has received notice from the Borrower, the Master Servicer or a Secured Party.

  • Where this Agreement terminates as a result of a Clearing Default Termination Event, the compensation amount (Schadensersatz) under Clause 8 of this Agreement shall be the sum of (i) the Termination Currency Equivalent of the applicable LCH Valuation and (ii) the Net Clearing Default Adjustment.

  • Default Termination Event if Performance Failure persists for more than 4 weeks.

  • Subject to rights of Lenders pursuant to any Direct Agreement and Article 21 of this Agreement, if any Developer Default is or becomes a Default Termination Event set forth in Section 20.3.1, then IFA may terminate this Agreement as provided in Section 20.3. Such termination shall, among other things, automatically terminate all of Developer's rights under Article 2, whereupon Developer shall take all action required to be taken by Developer under Section 20.7.

  • No Servicer Default, Potential Servicer Default, Termination Event or Potential Termination Event exists and is continuing as of the date hereof.


More Definitions of Default Termination Event

Default Termination Event means a Performance Failure which is expressly stated to be a Default Termination Event in the Performance Table. Dispute has the meaning given in clause 23.1(a).
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Default Termination Event has the meaning set forth in Article 27.2;
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Related to Default Termination Event

  • Additional Termination Event has the meaning specified in Section 5(b).

  • ERISA Termination Event means (i) a Reportable Event described in Section 4043 of ERISA and the regulations issued thereunder (other than a Reportable Event not subject to the provision for 30-day notice to PBGC), or (ii) the withdrawal of the Borrower or any of its ERISA Affiliates from an ERISA Plan during a plan year in which the Borrower or any of its ERISA Affiliates was a “substantial employer” as defined in Section 4001(a)(2) of ERISA, or (iii) the filing of a notice of intent to terminate an ERISA Plan or the treatment of an ERISA Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate an ERISA Plan by the PBGC or to appoint a trustee to administer any ERISA Plan, or (v) any other event or condition that would constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any ERISA Plan.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • 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.

  • Reduction Event means any of the following: