in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for thirty (30) days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

in default means, with respect to a State or national

in default means in breach of any provision of this Act or of any condition of a licence or of any provision of a petroleum agreement;

Examples of in default in a sentence

In default, the Bank shall be entitled (without being bound to do so) to effect or renew such insurance, and any premium paid by the Bank and any costs, charges and expenses incurred by the Bank for preservation of the mortgaged Property/properties shall be reimbursed by the Borrower(s) on demand forthwith and shall be debited to the said account and until repayment thereof with interest at the rate aforesaid be a charge on the mortgaged property/ properties.
In default of such nomination, the final Day of the Final Window shall be the Commencement Date.
In default, the Allottee shall be responsible and liable for all losses and damages that the Promoter/Owners may suffer.
DEFAULT In default of fulfillment of the contract by either party, the other party at his discretion shall after giving notice, have the right either to cancel the contract or the right to sell or purchase, as the case may be, against the defaulter who shall on demand make good the loss, if any, on such sale or purchase.
In default, the generator is liable to pay the penalty as may be specified from time to time through regulation by TSERC or CERC.

More Definitions of in default

in default. Any occurrence, circumstance, or state of facts with respect to the Borrower which (a) is an Event of Default; or (b) would become an Event of Default if any requisite notice were given and/or any requisite period of time were to run and such occurrence, circumstance, or state of facts were not absolutely cured within any applicable grace period.

in default means in breach of the provisions of this Act or the regulations or any condition of a Mineral Right;

in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for 30 days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

in default means in breach of any provision of this Act or of any condition of a licence, any provision of a mining agreement or any direction given by the Minister;

in default means a failure to pay in full an invoiced amount by [the end of] the payment due date;

in default means in breach of any provision of this Act or of any condition of a Mineral Right, a non-exclusive prospecting licence or a claim;

in default means a failure to pay in full an invoiced amount by the payment due date;