Defaulted Note definition

Defaulted Note means the District Note to the extent any of the Principal Amount remains unpaid on the Maturity Date.
Sample 1Sample 2Sample 3
Defaulted Note means a Note any of the principal of or interest on which is not paid on the Maturity Date.
Sample 1Sample 2Sample 3
Defaulted Note means any Note, the principal of or interest on which is not paid when due.
Sample 1Sample 2Sample 3

Examples of Defaulted Note in a sentence

  • If on the Issue Date, the relevant Dealer does not pay the full purchase price due from it in respect of any Note (the “Defaulted Note”) and, as a result, the Defaulted Note remains in the Principal Paying Agent’s distribution account with the relevant Clearing System after the Issue Date, the Principal Paying Agent shall notify the relevant Issuer as soon as reasonably practicable of the failure of the Dealer to pay the full purchase price due from it in respect of any Defaulted Note.

  • If, by the third Business Day following the Issue Date, the Dealer has not paid the full purchase price due from it in respect of a Defaulted Note, the Issuer shall provide instructions to the Principal Paying Agent for the immediate transfer of such Defaulted Note to another account.

  • If by the close of business on the third Business Day following the Issue Date, the Issuer does not provide an instruction to the Principal Paying Agent to deliver the Defaulted Note from the Principal Paying Agent’s distribution account to another account, the Principal Paying Agent shall arrange for the cancellation of the Defaulted Note and the Principal Paying Agent shall notify the relevant Issuer promptly thereafter.

  • If by the close of business on the third business day following the Issue Date, the relevant Issuer does not provide an instruction to the Fiscal Agent to deliver the Defaulted Note from the Fiscal Agent’s distribution account to another account, the Fiscal Agent shall arrange for the cancellation of the Defaulted Note and the Fiscal Agent shall notify the relevant Issuer promptly thereafter.

  • The Fiscal Agent shall notify the relevant Issuer forthwith of the failure of the Dealer to pay the full purchase price due from it in respect of any Defaulted Note and shall subsequently notify the relevant Issuer forthwith upon receipt from the Dealer of the full purchase price in respect of such Defaulted Note.

  • All amounts received in respect of the principal of or interest on a Defaulted Note shall be applied pro rata to the Owners of the Note Participations, and in accordance with the provisions hereof.

  • The Fiscal Agent shall notify the Issuer immediately of the failure of the Dealer to pay the full purchase price due from it in respect of any Defaulted Note and, subsequently, shall (a) notify the Issuer immediately on receipt from the Dealer of the full purchase price in respect of any Defaulted Note and (b) pay to the Issuer the amount so received.

  • If by the close of business on the third Business Day following the Issue Date, the Issuer does not provide an instruction to the Fiscal Agent to deliver the Defaulted Note from the Fiscal Agent’s distribution account to another account, the Fiscal Agent shall arrange for the cancellation of the Defaulted Note and the Fiscal Agent shall notify Issuer promptly thereafter.


More Definitions of Defaulted Note

Defaulted Note shall have the meaning ascribed thereto in Section 12(d) of this Agreement;
Sample 1Sample 2Sample 3
Defaulted Note means a Note the principal of or interest on which is not paid when due.
Sample 1Sample 2
Defaulted Note has the meaning assigned thereto in Clause 2.1.9 (Execution, Authentication, Delivery and Exchange).
Sample 1Sample 2
Defaulted Note as defined in Section 2.20.
Sample 1
Defaulted Note has the meaning set forth in Section 3(e).
Sample 1

Related to Defaulted Note

  • Defaulted Advance means, with respect to any Lender Party at any time, the portion of any Advance required to be made by such Lender Party to the Borrower pursuant to Section 2.01 or 2.02 at or prior to such time that has not been made by such Lender Party or by the Administrative Agent for the account of such Lender Party pursuant to Section 2.02(e) as of such time. In the event that a portion of a Defaulted Advance shall be deemed made pursuant to Section 2.15(a), the remaining portion of such Defaulted Advance shall be considered a Defaulted Advance originally required to be made pursuant to Section 2.01 on the same date as the Defaulted Advance so deemed made in part.

  • Defaulted Amounts means any amounts on any Note (including, without limitation, the Redemption Price, the Fundamental Change Repurchase Price, principal and interest) that are payable but are not punctually paid or duly provided for.

  • Defaulted Interest has the meaning specified in Section 307.

  • Defaulted Payment has the meaning specified in the definition of “Defaulting Lender”.

  • Defaulted Receivable means a Receivable:

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.