Nonpayment Breach definition

Nonpayment Breach means the failure of the Company to pay, on any ----------------- Distribution Date, the minimum amount necessary to amortize the Class B Amount on a straight line basis over a sixty (60) month period, together with interest thereon at the Preferred Rate.
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Nonpayment Breach means the failure of Borrower to pay to Mezzanine Lender on any Payment Date an amount equal to the applicable Monthly Payment Amount.
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Nonpayment Breach means the failure of Borrower to pay to Mezzanine Lender on any Payment Date an amount equal to the applicable Minimum Amount.
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Examples of Nonpayment Breach in a sentence

  • Any interest cancelled or deemed cancelled (in each case, in whole or in part) in such circumstances shall not be due and shall not accumulate or be payable at any time thereafter nor shall any non-payment of such interest constitute an event of default under Condition 10 (Winding-Up, Non-payment, Breach of Obligations, Remedies), and Noteholders shall have no rights thereto or to receive any additional interest or compensation as a result of such cancellation or deemed cancellation.

  • See Condition 10 (Winding-Up, Non-payment, Breach of Obligations, Remedies).

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  • Any interest cancelled or deemed cancelled (in each case, in whole or in part) in such circumstances shall not accumulate and will not become due or payable at any time thereafter, nor shall any non-payment of such interest constitute an event of default under Condition 10 (Winding-Up, Non-payment, Breach of Obligations, Remedies), and Noteholders shall have no rights thereto or to receive any additional interest or compensation as a result of such cancellation or deemed cancellation.

  • Negative Pledge: NoneCross Default: None Winding-up, Non-payment, Breach of Obligations, Remedies:Enforcement events and related remedies will be limited to the occurrence of a Winding-up Event and to non-payment in the limited circumstances described in Condition 10(b) (Non-payment).

  • While the overall cost of plants with a given steam output would be similar, the amount of steam extracted for process use, and thus not available for power generation, has a significant effect on the costs quoted in $/kW of electricity out.

Related to Nonpayment Breach

  • Non-Breaching Party has the meaning set forth in Section 11.2.1.

  • Persistent Breach means a Default which has occurred on three or more separate occasions with a continuous period of six (6) months.

  • Customer Default shall have the meaning set forth in Section 11.1.

  • Breaching Party has the meaning set forth in Section 12.2.

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Breach means the acquisition, access, use, or disclosure of PHI in a manner not permitted 9 under the HIPAA Privacy Rule which compromises the security or privacy of the PHI.

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

  • Major Breach means a breach of:

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

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • Data Breaches Party shall report to AHS, though its Chief Information Officer (CIO), any impermissible use or disclosure that compromises the security, confidentiality or privacy of any form of protected personal information identified above within 24 hours of the discovery of the breach. Party shall in addition comply with any other data breach notification requirements required under federal or state law.

  • Notice of Breach means a written notice delivered to the other party within the time period required under the definition of “Cause” or “Good Reason,” as applicable, that (a) indicates, as applicable, the specific provision in this Agreement that the party contends the other party has breached or the specific clause of the definition of “Cause” or “Good Reason” that the party alleges to exist, and (b) to the extent applicable, sets forth in reasonable detail the facts and circumstances Executive or the Company, as applicable, claims provide the basis for such breach or other condition.

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

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

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

  • 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).

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

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

  • 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);

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Data Breach means a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, Personal Data transmitted, stored or otherwise processed.