Notice of Financial Default definition

Notice of Financial Default shall have the meaning ascribed thereto in Clause 3.2.1; and
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Notice of Financial Default shall have the meaning ascribed to the term in Article 3.2.1;
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Notice of Financial Default shall have the meaning ascribed thereto in Article 3.2.1; and “Parties” means the parties to this Agreement collectively and “Party” shall mean any of the Parties to this Agreement individually.
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Examples of Notice of Financial Default in a sentence

  • At any time after issue of a Notice of Financial Default, the Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 30 of the Concession Agreement.

  • At any time after the Lenders’ Representative has issued a Notice of Financial Default, it may by notice require the Authority to suspend all the rights of the Concessionaire and undertake the operation and maintenance of the Project in accordance with the provisions of Article 29 of the Concession Agreement, and upon receipt of such notice, the Authority shall undertake Suspension under and in accordance with the provisions of the Concession Agreement.

  • A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.

  • Upon issue of a Notice of Financial Default hereunder, the Lenders’ Representative may, without prejudice to any of its rights or remedies under this Agreement or the Financing Agreements, substitute the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement.


More Definitions of Notice of Financial Default

Notice of Financial Default shall have the meaning ascribed thereto in Cause 3.2.1; and
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Notice of Financial Default shall have the meaning ascribed thereto in Article 3.2.1; and “Notice of Intent” shall have the meaning ascribed to the term in Article 7.2.4.2 hereof;
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Notice of Financial Default shall have the meaning ascribed thereto in Sub-clause 18.3.2(a) of Clause 18.3.2; and
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Related to Notice of Financial Default

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

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

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Financial Statement Date has the meaning set forth in Section 4.05 hereof.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(f).

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.

  • Financial Period means a period for which a profit and loss account of a company is made up in accordance with this Law;

  • Notice of Default means a written notice of the kind specified in Section 501(4).