NO DEFAULT definition
NO DEFAULT. [we confirm that no Default is continuing.]*
NO DEFAULT. Unless a full withdrawal is made, this Contract remains in force and will not be in default if no additional Purchase Payments are made. ALLOCATION OF PURCHASE PAYMENTS: Purchase Payments are allocated to one or more of the Investment Options in accordance with your selection. The allocation of the initial Purchase Payment is made in accordance with your selection made at the Issue Date. Unless you inform us otherwise, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. However, the Company has reserved the right to allocate the initial Purchase Payment to the Money Market Investment Option until the expiration of the Right to Examine period. All allocations of Purchase Payments are subject to the Allocation Guidelines shown on the Contract Schedule. We guarantee that you will be allowed to select at least ten Investment Options for allocation of Purchase Payments. This number will not decrease after the Issue Date. You will be allowed to choose at least this number of Investment Options specified in the Contract Schedule and the application unless Investment Options are eliminated or substituted. VARIABLE ACCOUNT
NO DEFAULT. Unless the Owner makes a total withdrawal, this Contract will remain in force until the Annuity Date. This Contract will not be in default if subsequent Purchase Payments are not made. GENERAL ACCOUNT PROVISIONS GENERAL ACCOUNT VALUE - The General Account Value at any time is equal to:
Examples of NO DEFAULT in a sentence
SO LONG AS NO DEFAULT IS CONTINUING AND THE BORROWER IS FINANCIALLY SOLVENT, NO INDEMNITEE MAY SETTLE ANY CLAIM TO BE INDEMNIFIED HEREUNDER WITHOUT THE PRIOR WRITTEN CONSENT OF THE BORROWER, WHICH CONSENT WILL NOT BE UNREASONABLY OR UNTIMELY WITHHELD.
FROM AND AFTER SUCH TIME AS ALL FIRST MORTGAGE BONDS (OTHER THAN COLLATERAL BONDS) ISSUED UNDER THE MORTGAGE INDENTURE HAVE BEEN RETIRED THROUGH PAYMENT, REDEMPTION OR OTHERWISE AT, BEFORE OR AFTER THE MATURITY THEREOF (THE “RELEASE DATE”), THE COLLATERAL BONDS SHALL CEASE TO SECURE THE SENIOR NOTES IN ANY MANNER PROVIDED THAT NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED AND AT SUCH TIME IS CONTINUING UNDER THE SENIOR INDENTURE.
SECTION 13.3. PAYMENT PERMITTED IF NO DEFAULT............................................
NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED AND IS CONTINUING WHICH COULD HAVE A MATERIAL ADVERSE EFFECT.
IF AN INDEMNIFIED PERSON DETERMINES, IN ITS SOLE DISCRETION, THAT IT HAS OBTAINED A RECOVERY OF ANY OF THE AMOUNTS THAT BORROWER HAS PAID TO SUCH INDEMNIFIED PERSON UNDER THIS SECTION, THEN SO LONG AS NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED AND IS CONTINUING, THE INDEMNIFIED PERSON SHALL PAY OVER SUCH RECOVERY TO BORROWER NET OF ALL OUT OF POCKET EXPENSES OF SUCH INDEMNIFIED PERSON AND WITHOUT INTEREST.
More Definitions of NO DEFAULT
NO DEFAULT. This Contract will not be in default if subsequent Purchase Payments are not made.
NO DEFAULT. Unless a full withdrawal is made, this Contract remains in force and will not be in default if no additional Purchase Payments are made.
NO DEFAULT no Default has occurred and is continuing or might reasonably be expected to result from the making of an Advance and no member of the Borrower Group is or, with the giving of notice or lapse of time or satisfaction of any other condition or any combination thereof, would be in material breach of or in default under any agreement relating to Financial Indebtedness to which it is a party or by which it may be bound. _________________________________ FOR AND ON BEHALF OF ASIA NETCOM CORPORATION LIMITED AUTHORISED SIGNATORY [Facility Agreement] [Schedule 15] (Group Structure Chart) SCHEDULE 15 GROUP STRUCTURE CHART [Facility Agreement] [Schedule 15] (Group Structure Chart) [ASIA NETCOM CHART] [Facility Agreement] [Schedule 16] (Initial Material Subsidiaries) SCHEDULE 16 INITIAL MATERIAL SUBSIDIARIES JURISDICTION OF INITIAL MATERIAL SUBSIDIARIES INCORPORATION -------------------------------------------------------------------------------------- ASIA NETCOM ASIA PACIFIC LIMITED HONG KONG ASIA NETCOM ASIA PACIFIC COMMERCIAL LIMITED HONG KONG ASIA NETCOM AUSTRALIA PTY LTD. AUSTRALIA ASIA NETCOM CORPORATION LIMITED BERMUDA ASIA NETCOM CORPORATION (SINGAPORE) PTE LTD. SINGAPORE ASIA NETCOM HONG KONG LIMITED HONG KONG ASIA NETCOM JAPAN CORP JAPAN ASIA NETCOM KOREA LTD KOREA ASIA NETCOM SERVICES (S) PTE LTD. SINGAPORE ASIA NETCOM SINGAPORE PTE LTD. SINGAPORE ASIA NETCOM TSUSHIN CORP JAPAN ASIA NETCOM USA INC USA EAST ASIA NETCOM LTD. BERMUDA EAST ASIA NETCOM JAPAN LTD. JAPAN EAST ASIA NETCOM KOREA LIMITED KOREA EAST ASIA NETCOM PHILIPPINES, INC. PHILIPPINES EAST ASIA NETWORK TAIWAN INC. TAIWAN EAST ASIA NETCOM UK HOLDINGS LIMITED ENGLAND GROUP WEALTH FINANCE LIMITED BVI SOUTHEAST ASIA NETCOM (SINGAPORE) PTE LTD SINGAPORE [Facility Agreement] [Schedule 17] (Documents required to be delivered by an Additional Security Party) SCHEDULE 17 DOCUMENTS REQUIRED TO BE DELIVERED BY AN ADDITIONAL SECURITY PARTY
NO DEFAULT. Unless the Owner makes a total withdrawal, this Contract will remain in force until the death of the Owner. This Contract will not be in default if subsequent Purchase Payments are not made. SEPARATE ACCOUNT PROVISIONS
NO DEFAULT. Unless a full withdrawal is made, this Contract remains in force and will not be in default if no additional Purchase Payments are made. ALLOCATION OF PURCHASE PAYMENTS: Purchase Payments are allocated to one or more of the Investment Options in accordance with your selection. The allocation of the initial Purchase Payment is made in accordance with your selection made at the Issue Date. Unless you inform us otherwise, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. However, the Company has reserved the right to allocate the initial Purchase Payment to the Money Market Investment Option until the expiration of the Right to Examine period. All allocations of Purchase Payments are subject to the Allocation Guidelines shown on the Contract Schedule. We guarantee that you will be allowed to select at least five Investment Options for such allocations. VARIABLE ACCOUNT
NO DEFAULT. Unless a full withdrawal is made, this Contract remains in force and will not be in default if no additional Purchase Payments are made. BONUS: During the Accumulation Period, a bonus will be credited with each Purchase Payment made, prior to the Contract Owner's attained Age 81. The bonus will be credited on the date the Purchase Payment is allocated to the Contract. The bonus rate will be based on the Contract Owner's attained Age when the Purchase Payment is allocated as specified in the Contract Schedule. The bonus will be credited to the Contract under the following terms:
NO DEFAULT. No Vendor is in default under or in violation of any provision of its Memorandum and Articles of Association or in material breach of any agreement, obligation or arrangement to which it is a party or by which it is or may be bound or to which the Business or the Assets are subject, nor has any Vendor any knowledge having made all due and proper enquiries of the invalidity of or grounds for rescission or avoidance or repudiation of any agreement entered into by it, and no Vendor has received notice of any intention to terminate any such agreement.