Noticed Default definition
Examples of Noticed Default in a sentence
As between Pledgors and Agent, Agent agrees to give a Notice of Exclusive Control only if a Noticed Default or an Event of Default has occurred and is continuing.
Notwithstanding the foregoing, provided no Noticed Default or Event of Default has occurred and is continuing, Borrower shall not be required to deposit funds into the Insurance Reserve Account at any time when the insurance required to be maintained pursuant to this Agreement is provided under a Blanket Policy in accordance with Article VI hereof and the premiums in respect of such Blanket Policy are paid or caused to be paid at least sixty (60) days before such premiums become due and payable.
On the date of such Advance there shall exist no Noticed Default or Event of Default hereunder and no Noticed Default or Event of Default under and as defined in the Building Loan Agreement.
On the date of such Advance there shall exist no Noticed Default or Event of Default hereunder and no Noticed Default or Event of Default under and as defined in the Project Loan Agreement.