Nonpayment definition

Nonpayment means, with respect to any Distribution Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Agreement.

Nonpayment means, with respect to any Payment Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Indenture.

Nonpayment means, with respect to any Payment Date, an Insured Amount which is Due for Payment but has not and will not be paid in respect of such Payment Date, pursuant to the Indenture.

Examples of Nonpayment in a sentence

• Each of the events or circumstances set out in Clause 22.1 (Non-payment) to Clause 22.19 (Revocation or modification of Authorisation) is an Event of Default.

• Non-payment of principal or accrued interest on the Maturity Date shall constitute an event of default.

• The Borrower does not comply with any provision of the Finance Documents (other than those referred to in Clause 13.1 (Non-payment).

• Non-payment of such cancelled interest (or Additional Amount with respect thereto, if any) shall not constitute a breach, a default, an event of default or an event of acceleration under the terms of the Securities or the Indenture.

• A Transaction Obligor does not comply with any provision of the Finance Documents (other than those referred to in Clause 26.2 (Non-payment) and Clause 26.3 (Specific obligations)).

More Definitions of Nonpayment

Nonpayment has the meaning set forth in Section 16.7(a).

Nonpayment shall have the meaning set forth in Section 7(b)(i) hereof.

Nonpayment means the nonpayment of a payment that becomes due during the emergency period to a landlord, including a payment of rent, late charges, utility or service charges or any other charge or fee as described in the rental agreement or ORS 90.140, 90.302, 90.315, 90.392, 90.394, 90.560 to 90.584 or 90.630.

Nonpayment means, with respect to any Distribution Date, a Deficiency Amount owing to the Subordination Agent for distribution to the Class G Certificateholders or, if applicable, the Escrow Receiptholders in respect of such Distribution Date.

Nonpayment means, with respect to any Distribution Date, Policy Claim Amounts which are Due for Payment but have not been paid pursuant to the Indenture.

Nonpayment has the meaning set forth in Section 2.7(a) of this Unit Designation.

Nonpayment means, with respect to any Payment Date or with respect to the Final Payment Date, an Insured Amount which is Due for Payment but has not and will not be paid in respect of such Payment Date or Final Payment Date pursuant to the Indenture.