Non-Monetary Default definition

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

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

Non-Monetary Default means any default which is not a Monetary Default or an Incurable Default. As used herein, the term "Incurable Default" shall mean (i) any voluntary or involuntary sale, assignment, encumbering or transfer in violation of the covenants of Section 30 the Security Deed or (ii) if Maker or its general partner should make an assignment for the benefit of creditors, become insolvent, or file a petition in bankruptcy (including but not limited to, a petition seeking a rearrangement or reorganization).

Examples of Non-Monetary Default in a sentence

• The Non-Monetary Default Notice shall contain a statement that the Note B Holder’s or the Controlling Noteholder Representative’s failure to cure such Non-Monetary Default within the applicable Non-Monetary Default Cure Period after receiving such notice will result in the termination of the right to cure such Non-Monetary Default.

• The Non-Monetary Default Notice shall contain a statement that the Curing Noteholders’ failure to cure such Non-Monetary Default within the applicable Non-Monetary Default Cure Period after receiving such notice will result in the termination of the right to cure such Non-Monetary Default.

• The period within which a Secured Lender may cure a particular Event of Monetary Default or Event of Non-Monetary Default shall not commence until the City has sent to the Secured Lender such copy of the applicable Notice of Breach or Hearing Notice.

• If Developer causes either an Event of Monetary Default or an Event of Non-Monetary Default, then the City may commence proceedings to modify or terminate this Agreement pursuant to this Section 11.4.

• Except as provided in Section 12.1.2, neither entering into this Agreement nor a Breach of this Agreement, nor any Event of Monetary Default nor any Event of Non-Monetary Default shall defeat, render invalid, diminish, or impair the lien of any Mortgage made in good faith and for value.

More Definitions of Non-Monetary Default

Non-Monetary Default means an Event of Default other than a Monetary Default.

Non-Monetary Default means the occurrence of any default, other than the failure to pay principal, premium or interest, on the Bonds or any document or instrument related to the Bonds.

Non-Monetary Default means any default under Section 8 of this Agreement other than a Monetary Default.

Non-Monetary Default means the Operator’s: (a) failure to comply with any affirmative or negative covenant or obligation in this Agreement, except a Monetary Default; or

Non-Monetary Default shall have the meaning set forth in Section 8.1(b) below.

Non-Monetary Default means any failure by Tenant to comply with any terms or provisions of, or perform as required by, this Restated Lease, other than a Material Monetary Default or a Non-Material Monetary Default. A Bankruptcy Default shall be considered a Non-Monetary Default.

Non-Monetary Default means a breach of any of the representations, warranties, covenants or other agreements contained herein, other than a Monetary Default.