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

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

  • Rights on Default On the occurrence of an Event of Default, we may exercise our rights under this clause, except that in the case of the occurrence of any Event of Default specified in Clause 14.b or Clause 14.c of the definition of Events of Default (each a “Bankruptcy Default”), the automatic termination provision of this clause shall apply.

  • The Secured Parties may exercise any or all of its Rights on Default concurrently with or independently of and without regard to the provisions of any other document which secures an Obligation.

  • No waiver as to any one Event of Default shall affect the Secured Parties' Rights on Default upon any other Event of Default.

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.

  • 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.