Rights on Default definition

Rights on Default. If you do not fully comply with all terms of this Agreement and District Policies, including the timely return of the Property, the District shall be entitled to declare you in default and take any and all measures reasonably necessary to take possession of the Property.
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Rights on Default. On default of the Lessee under the terms of the lease Lessor may immediately exercise any or all of the following options:
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Examples of Rights on Default in a sentence

  • In pertinent part for the Motion sub judice, the lease agreement contains a jury trial waiver provision in Article XI Default by Tenant, Section 11.2 Landlord’s Rights on Default.

  • Accordingly, even though the jury trial waiver provision is located in an Article entitled Default by Tenant and a Section entitled Landlord’s Rights on Default, the Court finds that the headings provide no interpretive effect.Even so, Plaintiff is correct that contractual provisions are not read in isolation.

  • Virginia Power's Rights on Default of Old Dominion..................

  • This technique is applied to optical system to multiplex and demultiplex optical signals as done in electrical systems.In Figure (1), a schematic diagram of an N channel OTDM transmission system is shown.

  • Any Mortgagee, through its designated representative, shall be entitled to attend any such meeting but except as provided in the Section the Declaration entitled "Voting Rights on Default," shall not be entitled to vote at the meeting.

  • See "Description of Securities - - Default and Certain Rights on Default" in the accompanying Prospectus.

  • No amendment to this Declaration shall affect the rights of any mortgagee under any mortgage made in good faith and for value and recorded prior to the recordation of any such amendment unless said mortgagee shall either join in the execution of such amendment or shall approve the same in writing as a part of such amendment; provided, however, that the foregoing shall not apply as to annexations made in accordance with Article II.11.4 Voting Rights on Default.

  • Papers, Books, etc.] This report uncovered significant WELS support for “True Science” in the 1950s, 1960s, and 1970s, when 19 articles included “True Science” statements.

  • See "Description of Securities - Default and Certain Rights on Default" in the accompanying Prospectus.

  • Any Mortgagee, through its designated representative, shall be entitled to attend any such meeting but except as provided in the Section of the Declaration entitled "Voting Rights on Default," shall not be entitled to vote at the meeting.

Related to Rights on Default

  • 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 any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • Registration Default As defined in Section 5 hereof.

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

  • 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.

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

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

  • Non-Defaulting Bank means each Bank other than a Defaulting Bank.

  • Non-Defaulting Member means a Member who is not a Defaulting Member.

  • 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.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

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

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

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

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

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Non-Defaulting Lender means, at any time, each Lender that is not a Defaulting Lender at such time.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

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

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

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

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Default Under First Lien With respect to each Second Lien Loan, the related First Lien Loan related thereto is in full force and effect, and there is no default, breach, violation or event which would permit acceleration existing under such first Mortgage or Mortgage Note, and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event which would permit acceleration thereunder;

  • Issuer Event of Default means the occurrence of any of the following events:

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