Defaulting Person definition

Defaulting Person means any Owner, Exchange User, Occupant or other person who violates any part of this Agreement and the Rules. A Defaulting Person includes anyone who:
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Defaulting Person is defined in Section 8.01; “Destruction” is defined in Section 10.01;
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Defaulting Person shall have the meaning ascribed to it in section 5.1.5 of Part C (Secondment) of the Supplier Terms;
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Examples of Defaulting Person in a sentence

  • The Association may take all rents and other monies arising from the Use Period of a Defaulting Person.

  • To collect any money that is owed by a Defaulting Person, the Association can debit Proceeds held by the Association on behalf of the Defaulting Person.

  • A lawsuit may be commenced against the Defaulting Person for any remedy or relief generally given or allowed by law or specifically given or allowed by this Agreement and the Rules.

  • Using the Dishwasher Door1The door must be closed to select aLOAD SELECTION or an ENHANCEMENT.2If the door is opened during a cycle and left open, the dishwasher will beep once every minute until the door is closed.

  • The Depository will serve on a Defaulting Person against whom the enforcement action is proposed to be taken, a written notice specifying the nature and particulars of the breach the Defaulting Person is alleged to have committed (“Requisite Notice”).

  • Rule 39.11 Procedures for expedited proceedings: (1) The Depository will notify the Defaulting Person in writing that the matter will be proceeded with by way of expedited proceedings.

  • Rule 39.10 Scope of expedited proceedings: The Depository may initiate expedited proceedings against a Defaulting Person against whom enforcement action is proposed to be taken instead of the proceedings under Rule39.09 in circumstances the Depository deems fit, such as in respect of a breach of the Rules which does not typically attract a penalty beyond: (1) a reprimand; or (2) a fine of RM10,000.00; or (3) both the above.

  • The Defaulting Person may submit to the Depository a written response to the Requisite Notice (“Response”) within the time stipulated in the Requisite Notice.

  • As he explained, the bill was “the culmination of years of serious negotiations between gaming tribes, States, the gaming industry, the administration, and the Congress, in an effort to provide a system for the regulation of gaming on Indian lands.” 133 Cong.

  • The Defaulting Person shall have ninety (90) Days after receiving any such notice to remedy the default specified and if, within the said period of ninety (90) Days, the Defaulting Person does remedy any such default to the satisfaction of the Non-Defaulting Person acting reasonably, then the notice given pursuant to Clause 15.1(a) shall be deemed to be withdrawn and the Service shall continue in full force and effect.


More Definitions of Defaulting Person

Defaulting Person has the meaning given in clause 10.5;
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Defaulting Person has the meaning specified in Section 6.6(d).
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Defaulting Person is defined in Section 8.01;
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Defaulting Person is defined in Section 8.01; “Destruction” is defined in Section 10.01; Proposed V2016.0 April 16, 2016 INASKI SHORES OWNERS AGREEMENT THIS AGREEMENT reaffirmed as of April 16, 2016, based upon the last duly approved version as of April 25, 2015, based upon its original AGREEMENT established as of July 27, 2005 with amendments herein contained. A M O N G: The persons who are original signing parties to this Agreement as an Owner and any other person who from time to time becomes bound by this Agreement as an Owner, (hereinafter each individually called the “Buyer” or an “Owner”), - and – INASKI SHORES RESORT OWNERS ASSOCIATION, a not-for-profit corporation incorporated under the laws of the Province of Ontario, (hereinafter called the “Association”), RECITALS: A. The Association is the registered owner of the Property; B. It is the intent that each Owner shall be entitled to reserve on a priority basis and then use a specified Cottage for an agreed Interval and shall not be entitled to possession or use of the Cottage or access to the Property at any other time except as a member of the travelling and vacationing public having first reserved such Cottage; C. To give effect to the foregoing arrangement it is necessary that all Owners be or become parties to this Agreement; WITNESSES that for good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto covenant and agree as follows: ARTICLE I -
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Defaulting Person means any Person that (a) has failed to fund any portion of the Loans required to be funded by it hereunder when required to be funded by it hereunder, (b) has otherwise failed to pay over to the Administrative Agent or any Holder any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding.
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Defaulting Person means the person or entity who commits an Assessment Default.
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Related to Defaulting Person

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Defaulting Lender Fronting Exposure means, at any time there is a Defaulting Lender, (a) with respect to the Issuing Bank, such Defaulting Lender’s Applicable Percentage of the outstanding Letter of Credit obligations other than Letter of Credit obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof.

  • Non-Defaulting Party has the meaning specified in Section 6(a).

  • Non-Defaulting Lender means, at any time, each Lender that is not a Defaulting Lender at such time.

  • Ultimate controlling person means that person which is not controlled by any other person.

  • Exempted Person means the Sponsor, its members and its affiliates, any of their respective direct or indirect transferees of at least 15% of the Corporation’s outstanding common stock and any “group” of which any such person is a part under Rule 13d-5 of the Exchange Act.

  • young person means a person who falls within the definition of qualifying young person in section 142 of the SSCBA.

  • Permitted Holders means Xxxxxx X. Xxxxxxxx (or in the event of his incompetence or death, his estate, heirs, executor, administrator, committee or other personal representative (collectively, “heirs”)) or any Person controlled, directly or indirectly, by Xxxxxx X. Xxxxxxxx or his heirs.

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.