Purchase Default definition

Purchase Default shall have the meaning specified in Section 7(f) hereof.
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Purchase Default has the meaning set forth in the Purchase Option Agreement.
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Purchase Default means, if a Purchase Exercise Notice shall have been delivered in accordance with Section 3(a) of the Sponsor Option Agreement or if a Note Purchase Exercise Notice shall have been delivered in accordance with Section 3(a) of the Sponsor Note Option Agreement:
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Examples of Purchase Default in a sentence

  • In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Optional Call will be deemed not to be effective with respect to such Distribution Date, and the Certificates and the Call Rights shall continue to remain outstanding.

  • In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Optional Call will be deemed not to be effective with respect to such Distribution Date, and the Certificates and the Call Warrants shall continue to remain outstanding.

  • In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Optional Redemption will be deemed not to be effective with respect to such Distribution Date, and the Certificates and the Call Rights shall continue to remain outstanding.

  • In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the exercise of Call Rights will be deemed not to be effective with respect to such Call Date, and the Certificates and the Call Rights shall continue to remain outstanding.

  • In the event that the Warrantholder fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Early Termination will be deemed not to be effective with respect to such Early Termination Date.

  • In the event of a Purchase Default, the Certificates shall continue to remain outstanding and, unless such Purchase Default was due to a failure in the federal wire system, the Warrantholder's rights with respect to the Call Warrant shall be deemed surrendered to the Depositor.

  • Prior to the first to occur of (i) an Initial Public Offering, (ii) a Sell-Down Event, (iii) a WES&S Purchase Default, (iv) a WES&S Funding Default, (v) a Financial Default Disagreement, (vi) an OCM Entity Purchase Default, (vii) an OCM Entity Funding Default or (viii) May 2, 2002 (in each case a "VOTING TERMINATION EVENT"), the Board of Directors shall at all times consist of eight (8) members.

  • The provisions of this Paragraph 5 shall be the sole and exclusive remedies available to a party in the event of a BXMT Purchase Default or Blackstone Purchase Default.

  • Section 7.2.1(a) Purchase Default .........................................................................................

  • In the event of an EESI Purchase Default, EESI will pay EMW the sum of the following: (i) an amount equal to the product of the EESI Default Quantity and the Replacement Price Differential, PLUS (ii) liquidated damages equal to the product of $0.15 per MWh and the EESI Default Quantity, to compensate EMW for its administrative and operational costs.