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

  • For each of the parameters, the software displays the Existing Setting (First box from the left) and the Manufacturer Default Setting (Second box).In order to change the value of any parameter, users must type the new value into the “New Setting” text field, then click the “Save” button next to this new value.

  • Bertuat (2002) reports that a 10 per cent increase in stock market creates 0.5 to 1.0 per cent increase in consumption in the long run in the US and UK, but only 0.07 in Germany where the equity is less than 60 per cent of GDP.

  • This could be due to either an incorrect original classification because of a lower BAC3K profile quality, or an incorrect clas- sification based on the mapped profile.

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

  • Manufacturer Default- On a change of the channel selector the radio will announce the channel selected.

Related to Manufacturer Default

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

  • 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 an event which but for the lapse of time or the giving of notice, or both, would constitute an Event of Default.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • 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” 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 An “Event of Default” as defined in the Loan Agreement.

  • 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 any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • 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.

  • Specified Default means a Default under Section 8.01(a), (f) or (g).