Manufacturer Default definition

Manufacturer Default means a default by a Dealer pursuant to a CNHi Dealer Agreement.
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Manufacturer Default means any of the events described in Section 15.1 where the Manufacturer is the defaulting party, or in Section 15.2.1 or 15.2.4.
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Manufacturer Default means, with respect to (a) (i) a Manufacturer whose Repurchase Program is a Guaranteed Depreciation Program, the failure by such Manufacturer or any related auction dealers to pay any amount due under such Manufacturer's Repurchase Program with respect to a Vehicle turned in to such Manufacturer and such failure continues for more than 90 days after such amount shall have been due and payable and (ii) any other Manufacturer, the failure by such Manufacturer to pay any amount due under its Repurchase Program with respect to a Vehicle turned in to such Manufacturer and such failure continues for more than 90 days following the Turnback Date for such Vehicle (in either case, a "Past Due Amount") and the aggregate Past Due Amounts relating to such Manufacturer are in excess of $25 million under its Repurchase Program in respect of Vehicles that are subject to the Lease, in each case net of Past Due Amounts, aggregating no more than $50 million, that are the subject of a good faith dispute as evidenced by a writing by National or NFLP, as applicable, or the Manufacturer questioning the accuracy of amounts paid or payable in respect of certain Vehicles tendered for repurchase under a Repurchase Program (as distinguished from any dispute relating to the repudiation by such Manufacturer generally of its obligations under such Repurchase Program or the assertion by such Manufacturer of the invalidity or unenforceability as against it of such Repurchase Program) or (b) the occurrence of an Event of Bankruptcy with respect to such Manufacturer.
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Examples of Manufacturer Default in a sentence

  • CNHi America shall also provide CNHi Capital with oral and written notice of the occurrence of a Manufacturer Default.

  • CNHi Canada shall also provide CNHi Capital with oral and written notice of the occurrence of a Manufacturer Default.

  • CNH Canada shall also provide CNH Capital with oral and written notice of the occurrence of a Manufacturer Default.

  • CMOS setting (No. 25 referring to 5-2 table) Manufacturer Default Setting :Monitor brightness setting (No. 26 referring to 5-2 table) Manufacturer Default Setting :SATA2 power setting (No. 27 referring to 5-2 table) Manufacturer Default Setting :Cash drawer VCC select (No. 28 referring to 5-2 table) Manufacturer Default Setting :5-4.

  • Manufacturer hereby acknowledges that Customer and its Affiliates will suffer irreparable and continuing harm upon the occurrence of an Event of Manufacturer Default and that legal remedies would be inadequate in the event of such occurrence.

  • Special Provisions Concerning Remedies and Sale If Manufacturer Default or Inability to Turn Back under Repurchase Program........................

  • Accordingly, Manufacturer agrees that, upon the occurrence of an Event of Manufacturer Default, Customer and its Affiliates shall, in addition to any other rights and remedies available under law and in equity, have the right and remedy to obtain injunctive relief and to have the provisions of this Agreement specifically enforced by any court having equity jurisdiction so as to prevent such irreparable and continuing harm.

  • No Manufacturer Default or Manufacturer Ineligibility Event has occurred and is continuing.

  • CNH America shall also provide CNH Capital with oral and written notice of the occurrence of a Manufacturer Default.

  • Accordingly, Manufacturer agrees that, upon the occurrence of an Event of Manufacturer Default, Customer and its Affiliates shall, in addition to any other rights and remedies available under law and in equity, have the right and remedy to obtain an injunction and to have the provisions of this Agreement specifically enforced by any court having equity jurisdiction.

Related to Manufacturer Default

  • Insurer Default means the occurrence and continuance of any of the following events:

  • NIMs Insurer Default As defined in Section 10.13.

  • Note Insurer Default The existence and continuance of any of the following:

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

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Servicer Default means an event specified in Section 8.01.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • 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.

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

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

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

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

  • 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.

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

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

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

  • 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.

  • 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);

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

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

  • Certificate Insurer Default The existence and continuance of any of the following:

  • 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:

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

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

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

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