Other Default definition
Examples of Other Default in a sentence
No Senior Debt Other Default or event which, with the giving of notice and/or lapse of time or otherwise, would become a Senior Debt Other Default which existed on the date of the commencement of such Blockage Period, may be used as the basis for declaring any subsequent Blockage Period unless such Senior Debt Other Default or event, as the case may be, shall in the interim have been cured or waived for a period of not less than ninety (90) consecutive days.
If a Party commits an Other Default, the non-defaulting Party may (as in the event of any Material Default, Service Area Default or Primary Directory Default) pursue a claim for damages or any other remedy, but shall have no right to terminate this Agreement unless such Party obtains a judicial determination that termination is an appropriate remedy for such Other Default.
If in an arbitration proceeding commenced pursuant to Section 9.7, it is determined that a purported Material Default, Service Area Default, Primary Directory Default or Restricted Activity Default is in actuality an Other Default, the non-defaulting Party will be entitled to seek adjudication of such Other Default pursuant to Section 9.7 without complying with the requirements of Section 7.1.
Notwithstanding anything herein to the contrary, in no event will a Blockage Period extend beyond one hundred eighty (180) days from the date of delivery of a Default Notice of the Senior Debt Other Default and only one such Blockage Period may be commenced within any period of three hundred sixty (360) consecutive days.
Notwithstanding anything herein to the contrary, in no event will a Blockage Period extend beyond 180 days from the date of the Senior Debt Other Default and only one such Blockage Period may be commenced within any period of 360 consecutive days.