Freight Customer Event of Default definition

Freight Customer Event of Default has the meaning ascribed to it in paragraph 1.1 of Schedule 6;
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Freight Customer Event of Default has the meaning ascribed to it in paragraph 1.1 of Schedule 6; "Freight Customer Specified Equipment" has the meaning ascribed to it in paragraph 4.1 of Schedule 6;
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Examples of Freight Customer Event of Default in a sentence

  • The Freight Customer shall notify Network Rail promptly on becoming aware of the occurrence of a Freight Customer Event of Default.

  • Network Rail may serve a Suspension Notice where a Freight Customer Event of Default has occurred and is continuing.

  • A Suspension Notice served under paragraph 2.3 in respect of any of the Freight Customer Events of Default specified in paragraphs (a) and (c) to (f) (inclusive) of paragraph 1.1 shall, so far as reasonably practicable, apply only to the: railway vehicles; Services; and categories of train movements or railway vehicles, or parts or part of them, to which the relevant Freight Customer Event of Default relates.

  • Network Rail may serve a Termination Notice on the Freight Customer where: the Freight Customer fails to comply with any material restriction in a Suspension Notice; the Freight Customer fails to comply with its obligations under paragraph 2.5.3; [Not used]; or the Freight Customer Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.

Related to Freight Customer Event of Default

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Customer Default has the meaning set out in clause 8.3.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Event of Default has the meaning specified in Section 8.01.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.