Limited Remedy Default definition

Limited Remedy Default means an Event of Default specified in the following clauses of Paragraph 22
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Limited Remedy Default means Limited Remedy Default as defined in Paragraph 23(k).
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Limited Remedy Default shall have the meaning set forth in Paragraph 22(c) hereof.
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Examples of Limited Remedy Default in a sentence

  • Nothing contained in this paragraph 23(d) shall limit any amounts payable by Tenant with respect to Basic Rent or Additional Rent if any Event of Default that is not a Limited Remedy Default has occurred.

  • This section provides an overview of related work and concepts included in the model described in Section 4.

  • Nothing contained in this Paragraph 23(c) shall limit any amounts payable by Tenant with respect to Basic Rent or Additional Rent or indemnification obligation if any Event of Default that is not a Limited Remedy Default has occurred.

  • Nothing contained in this Section shall limit any amounts payable by Tenant with respect to Base Rent or Additional Rent or any other amounts if any Default that is not a Limited Remedy Default has occurred.

  • The foregoing waiver and agreement by Fannie Mae relates solely to a Limited Remedy Default and nothing contained herein shall limit, impair or be deemed a waiver by Fannie Mae of any of its rights or remedies in connection with any other Event of Default under this Agreement, the Shallow Creek Regulatory Agreement or any other Transaction Document.

  • Furthermore, additional reimbursement for any unpaid damages caused solely by a Limited Remedy Default may not be claimed by Landlord under any other provision of this Lease or the Office Lease.

  • It is also not expected to have material effect on the net assets per share, earnings per share and gearing of the Company for this financial year ending 31st December 2011.


More Definitions of Limited Remedy Default

Limited Remedy Default means an Event of Default under Section 24.A(xi) of the Lease.
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Limited Remedy Default means an Event of Default specified in the following clauses of Paragraph 22(a): clause (iii) if the misrepresentation is with respect to the penultimate sentence of Sections 2, 3, 4, 7 and 24 of the Lessee's Certificate, the first sentence of Section 3 or the first or last sentence of Section 7 of the Lessee's Certificate, clause (iv), clause (v)(B), clause (vi)(E), clause (ix) (B),clause (xi), clause (xiii) (if such Event of Default is with respect to or arises as a result of a default under Paragraphs 6 or 9 of the Guarantor's Certificate, Sections 3.03(ii), 3.04(iv), 4.01(c) or 4.0l(d) of the Guaranty), or clause (xiv).
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Limited Remedy Default means an Event of Default specified in the following clauses of Paragraph 22(a): clause (ii) unless such default is a Control Event, clause (iii) if the misrepresentation is with respect to a Limited Remedy Representation, clause (vii), clause (ix), clause (xi), clause (xii), clause (xiii) if such default is a default under Sections 2.01, 2.03, 2.05, 3.01(e) or 3.01(j) of the Guaranty, or clause (xiv).
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Limited Remedy Default means an Event of Default specified in the following clauses of Paragraph 22(a): clause (ii) unless such default is a Control Event, clause (iii) if the misrepresentation is with respect to a Limited Remedy Representation, clause (vii), clause (ix), clause (xi), clause (xii), clause (xiii) if such default is a default under Sections 2.01, 2.03, 2.05, 3.01(e) or 3.01(j) of the Guaranty, or clause (xiv). “Limited Remedy Representation” shall mean a misrepresentation under: (a) The last sentence of Section A.2 of the Lessee Certificate; (b) Section A.3 of the Lessee Certificate; (c) The first and penultimate sentences of Section A.7 of the Lessee Certificate; or (d) Section A.26 of the Lessee Certificate. “Loan” shall mean any loan made by one or more Lenders to Landlord, which loan is secured by a Mortgage and an Assignment and evidenced by a Note. “LOI” shall mean LOI as defined in Paragraph 35(a).
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Related to Limited Remedy Default

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • Forbearance Default means any of: (A) the occurrence of any Default or Event of Default other than the Specified Defaults, (B) the failure of Borrower or any other Designated Company to timely and strictly comply with any term, condition, covenant, agreement or other obligation set forth in this Agreement, (C) the failure of any representation or warranty made by Borrower or any other Designated Company under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other material breach of any such representation or warranty, (D) the taking of any action by Borrower or any other Designated Company to in any way repudiate or assert a defense to any Obligation under the Credit Agreement, this Agreement or any of the other Loan Documents or the assertion of any claim or cause of action against Administrative Agent, Co-Administrative Agent or any Lender relating in any way thereto, (E) the date on which Administrative Agent, in its sole discretion or at the direction of the Required Lenders, delivers to Borrower a written notice terminating the Forbearance Period, which notice may be delivered at any time upon or after the delivery of any Proposed Vendor Payment Schedule Rejection Notice (as defined below) by the Administrative Agent in accordance with Section 3(c)(ii) hereof, or (F) Borrower fails to receive Inventory purchased with a CIA Payment (as defined below) within six (6) Business Days of the making of such CIA Payment. The occurrence of any Forbearance Default shall constitute an immediate Event of Default under the Credit Agreement and other Loan Documents. Upon the termination or expiration of the Forbearance Period, the agreement of Administrative Agent, Co-Administrative Agent and each Lender hereunder to forbear from exercising its default-related rights and remedies shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which Borrower and each other Designated Company hereby waives. Borrower and each other Designated Company further agrees that any of Administrative Agent (upon direction of the Required Lenders to the extent provided in the Credit Agreement) and each Lender may at any time after the expiration or termination of the Forbearance Period proceed to exercise any and all of its rights and remedies under any or all of the Credit Agreement, any other Loan Document and/or applicable law, all of which rights and remedies are hereby fully reserved by Administrative Agent and each Lender. Any agreement by Administrative Agent and the Lenders to extend the Forbearance Period, if any, must be set forth in writing and signed by Administrative Agent and the Lenders. Borrower and each other Designated Company acknowledges that none of Administrative Agent or any Lender has made any assurances concerning any possibility of any extension of the Forbearance Period. Borrower and each other Designated Company acknowledges and agrees that any Loan or other financial accommodation which Administrative Agent, Co-Administrative Agent or any Lender makes to or for the benefit of Borrower or any other Designated Company on or after the Forbearance Effective Date has been made by such party in reliance upon, and is consideration for, among other things, the general releases and indemnities contained in Section 5 hereof and the other covenants, agreements, representations and warranties of Borrower and each other Designated Company hereunder.

  • Minor Default means any Event of Default that is not a Major Default.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • Non-Monetary Default Notice shall have the meaning assigned to such term in Section 11(d).

  • Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional 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).

  • Funding Default as defined in Section 2.22.

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Landlord Default shall have the meaning given such term in Article 14.

  • 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.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

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

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

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

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.