Notice of Acceleration Default definition

Notice of Acceleration Default has the meaning assigned to such term in the Security Agreement.
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Notice of Acceleration Default means a written certification to the Collateral Agent and AWHI (i) from the Administrative Agent, certifying that an Acceleration Default has occurred with respect to the Credit Agreement Obligations, (ii) from the Senior Indenture Trustee certifying that an Acceleration Default has occurred with respect to Senior Note Obligations, or (iii) from the Junior Indenture Trustee certifying that an Acceleration Default has occurred with respect to Junior Note Obligations.
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Notice of Acceleration Default defined in the Security Agreement.
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Examples of Notice of Acceleration Default in a sentence

  • Such power of attorney is a power coupled with an interest, shall be irrevocable and shall not first require the Collateral Agent to have received a Notice of Acceleration Default.


More Definitions of Notice of Acceleration Default

Notice of Acceleration Default a written certification to the Collateral Agent and the Borrower (i) from the 2000 Administrative Agent, certifying that an Acceleration Default has occurred with respect to the 2000 Obligations; (ii) from the 1999 Administrative Agent certifying that an Acceleration Default has occurred with respect to 1999 Obligations, (iii) from The Chase Manhattan Bank certifying that an Acceleration Default has occurred with respect to the Chase Platinum Obligations, (iv) from Fleet National Bank certifying that an Acceleration Default has occurred with respect to the Fleet LC Obligations or (v) from a Senior Note Trustee certifying that an Acceleration Default has occurred under the Senior Note Indenture in respect of which it acts as Senior Note Trustee.
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Notice of Acceleration Default a written certification to the Collateral Agent and the Borrower (i) from the 2003 Administrative Agent, certifying that an Acceleration Default has occurred with respect to the 2003 Obligations or (ii) from a Senior Note Trustee certifying that an Acceleration Default has occurred under the Senior Note Indenture in respect of which it acts as Senior Note Trustee.
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Related to Notice of Acceleration Default

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for thirty (30) days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

  • Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of Default.

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

  • Registration Default As defined in Section 5 hereof.

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • 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.

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Registration Default Period shall have the meaning assigned thereto in Section 2(c).

  • Non-Defaulting Party has the meaning specified in Section 6(a).

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

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Registration Default Damages shall have the meaning set forth in Section 8 hereof.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Minor Default means any Event of Default that is not a Major Default.

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

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

  • Forbearance Default means: (A) the failure of the Company to provide the Noteholder Group and its financial advisors with reasonable access, as determined by the Noteholder Group in its reasonable discretion, to its Chief Executive Officer, other senior executives and outside advisors, including representatives of Xxxxx Xxxxx Xxxxxx that are working with the Company, and to provide the Noteholder Group and its legal and financial advisors with any and all due diligence information they may reasonably request, including, without limitation, the Company’s current 13-week cash flow schedule, and all updates thereto as soon as reasonably practicable after they are prepared, but in no event no later than two (2) business days thereafter; (B) the failure of the Company to engage in good faith negotiations with the Noteholder Group regarding a potential restructuring transaction, which determination shall be made by the Noteholder Group in its reasonable discretion; (C) the failure of the Company to promptly notify the Noteholder Group of the occurrence of a Forbearance Default (as defined in the DDJ Third Amended Forbearance Agreement) under the DDJ Third Amended Forbearance Agreement or any amendment or modification to the DDJ Third Amended Forbearance Agreement; (D) termination of the DDJ Third Amended Forbearance Agreement; (E) the execution of any amendment or modification to the DDJ Third Amended Forbearance Agreement, which amendment or modification has a material adverse effect on the Noteholder Group as determined by the Noteholder Group in its reasonable discretion; (F) termination by the Company of the Xxxxxx Engagement Letter or the failure of the Company to pay Xxxxxx’x fees, expenses and indemnity in accordance with the terms of the Xxxxxx Engagement Letter; (G) the occurrence of any Event of Default that is not a Specified Existing Default; (H) the failure of the Company to comply with any term, condition, covenant or agreement set forth in this Third Amended Forbearance Agreement; (I) the failure of any representation or warranty made by the Company under this Third Amended Forbearance Agreement to be true and correct in all material respects as of the date when made; (J) the commencement by or against the Company or any of the Subsidiaries of a case under title 11 of the United States Code; or (K) the commencement of any action or proceeding by any creditor of the Company or any of the Subsidiaries seeking to attach or take similar action against the assets of the Company or the Subsidiaries. Any Forbearance Default shall constitute an immediate Event of Default under the Indenture.

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