Initial Default definition

Initial Default has the meaning specified in Section 1.02(9).

Initial Default has the meaning specified in Section 8.01.

Initial Default as defined in Subsection 1.2(c).

Examples of Initial Default in a sentence

• If a Default is deemed to occur solely because a Default (the “Initial Default”) already existed, and such Initial Default is subsequently cured and is not continuing, the Default or Event of Default resulting solely because the Initial Default existed shall be deemed cured, and shall be deemed annulled, waived and rescinded without any further action required.

• If a Default is deemed to occur solely as a consequence of the existence of another Default (the “Initial Default”), then, at the time such Initial Default is cured, the Default that resulted solely because of that Initial Default will also be cured without any further action.

• If a Default is deemed to occur solely as a consequence of the existence of another Default (the “Initial Default”), then, at the time such Initial Default is cured (including the payment of default interest, if any), the Default that resulted solely because that Initial Default will also be cured without any further action.

• Score Per Major Concern Per Minor Concern Initial Default Score Per Minor Benefit / Plus Per Major Benefit / Plus Max.

• If a Default for a failure to report or failure to deliver a required certificate in connection with another default (the “Initial Default”) occurs, then at the time such Initial Default is cured, such Default for a failure to report or failure to deliver a required certificate in connection with another default that resulted solely because of that Initial Default will also be cured without any further action.

More Definitions of Initial Default

Initial Default has the meaning specified in Section 5.02.

Initial Default has the meaning assigned to such term in Section 7.01.

Initial Default means any of the events specified in Section 9, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition has been satisfied.

Initial Default as defined in Section 1.2(b).

Initial Default has the meaning specified in Section 502(c).

Initial Default has the meaning set forth in Section 4.04(b).

Initial Default has the meaning specified Section 1.02(d).