Monetary Default definition

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

Monetary Default means any Default involving the Borrower’s failure to pay any of the Obligations when due.

Monetary Default means a Default (i) that can be cured with the payment of money or (ii) arising pursuant to Section 17.1(a)(vi) or (vii).

Examples of Monetary Default in a sentence

• At the time a payment is made by one or more Subordinate Noteholder(s) to cure a Monetary Default, such Subordinate Noteholder(s) shall pay or reimburse the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder, for all unreimbursed Advances (whether or not recoverable with respect to any Note), Advance Interest Amounts, any unpaid fees and out-of-pocket expenses to any Servicer and any Additional Servicing Expenses.

• The Monetary Default Notice shall contain a statement that the Subordinate Noteholder(s)’s or the Controlling Noteholder Representative’s failure to cure such Monetary Default within seven (7) Business Days after receiving such notice will result in the termination of the right to cure such Monetary Default.

• The Monetary Default Notice shall contain a statement that the Subordinate Noteholder’s or the Controlling Noteholder Representative’s failure to cure such Monetary Default within fifteen (15) Business Days after receiving such Monetary Default Notice will result in the termination of the right to cure such Monetary Default.

• The Note B Holders, acting unanimously, shall have the right, but not the obligation, to cure such Monetary Default within fifteen (15) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times.

• The Note B Holder shall have the right, but not the obligation, to cure such Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times.

More Definitions of Monetary Default

Monetary Default means any Default involving Borrower's failure to pay any of the Obligations when due.

Monetary Default shall have the meaning assigned to such term in Section 32(a).

Monetary Default means Tenant’s failure to pay any Rent or other money (including Real Estate Taxes and insurance premiums) when and as this Lease requires.

Monetary Default means a default in the payment of principal or interest when due following the expiration of any cure period.

Monetary Default has the meaning set forth in Section 12.01(b).

Monetary Default means the failure to pay when due any amounts payable under this Agreement.

Monetary Default means a default by a party in the payment of money when due under a contractual arrangement (determined without regard to any grace period otherwise specified), or a default by such party in the performance or observance of any other obligation hereunder (determined without regard to any grace period otherwise specified) that by its terms can be cured solely by the payment of money.