Seller Default Notice definition

Seller Default Notice has the meaning set forth in Section 9.2.2.
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Seller Default Notice has the meaning given in clause 10.4. Seller Financial Default a Financial Default by the Seller. Seller Non-Financial Default a Seller Default other than a Financial Default. Supply Term the period commencing on the Commencement Date and ending on the Expiry Date. Term Meaning Tax 1 any tax including any GST, levy, charge, impost, duty, fee, deduction, compulsory loan or withholding; or 2 any income, stamp or transaction duty, tax or charge, which is assessed, levied, imposed or collected by any Government Agency and includes any interest, fine, penalty, charge, fee or other amount imposed on or in respect of the above. Tax Invoice a tax invoice issued by the Seller to the Buyer, which must be in a form approved by the Buyer (acting reasonably). Term the period of time from the Award Date up to and including the Expiry Date. Transaction any transfer, sale, assignment, surrender, conveyance or disposal of any LGC that is sold or to be sold to the Buyer under this agreement to any other person than the Buyer. Transfer a transfer of LGCs under the Act. Transfer Date the transfer date specified in Schedule 1, unless otherwise varied pursuant to this agreement. Tripartite Deed a deed between the parties and a financier(s) to the Seller or to its Related Bodies Corporate (or a security trustee or agent of any such financier(s)) in relation to the Finance Arrangements. Volume Flex Notice has the meaning given in clause 2.1. WH&S Laws each of: 1 the Rail Safety National Law (NSW), as defined in the Rail Safety (Adoption of National Law) Xxx 0000 (NSW); 2 Work Health & Safety Xxx 0000 (NSW); 3 Workers Compensation Xxx 0000 (NSW); 4 Workplace Injury Management and Workers Compensation Xxx 0000 (NSW); and 5 regulations made under each of those Acts.
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Examples of Seller Default Notice in a sentence

  • The Sellers shall have the right, by notice to the Purchaser delivered within five (5) Business Days after the Seller Default Notice, to exercise the Seller Delayed Closing Right to cure any Seller Default.

  • The Seller Default Notice must include a description of the default being alleged by Purchaser.

  • If Escrow Agent shall receive written notice from Purchaser (“Seller Default Notice”) stating that (i) Purchaser has terminated this Agreement in accordance with Section 9.01, (ii) Seller has not cured the applicable default in accordance with Section 9.01, and (iii) Purchaser is demanding the return of the Deposit, then Escrow Agent shall immediately deliver a copy of the Seller Default Notice to Seller.

  • The Seller Default Notice must include a description of the default being alleged by Buyer.

  • If Seller shall not deliver a Seller’s Objection Notice to Escrow Agent on or before the date which is five (5) Business Days following Seller’s receipt of the Seller Default Notice, then Escrow Agent shall promptly return the Deposit to Purchaser, without the need for further instructions from or approvals by any other party to this Agreement.

  • The additional penalty is limited to a maximum of $24,000 for each failure.

  • As long as there is no Default then in existence, payments on each of the Term Loans under Section 2.10(a) shall be applied to the applicable Term Loan One-Month Tranche until it is paid in full.

  • Seller will have thirty (30) days from receipt of the Seller Default Notice to cure any default specified therein.

  • If Seller shall not deliver a Seller’s Objection Notice to Escrow Agent on or before the date which is five (5) Business Days following Seller’s receipt of the Seller Default Notice or the Internal Approval Termination Notice, as applicable, then Escrow Agent shall promptly return the Deposit to Purchaser, without the need for further instructions from or approvals by any other party to this Agreement.

  • If on or before the date which is five (5) Business Days following Seller’s receipt of the Seller Default Notice or the Internal Approval Termination Notice, as applicable, Seller shall object in writing (“Seller’s Objection Notice”) to the return of the Deposit to Purchaser, then Escrow Agent shall not return the Deposit to Purchaser.

Related to Seller Default Notice

  • Seller Default has the meaning set forth in Section 12.1.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Purchaser Default has the meaning set forth in Section 11.2(a).

  • Buyer Default refers to nonpayment of the Xxxxxxx Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the Xxxxxxx Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:

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

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

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Customer Default has the meaning set out in clause 8.3.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

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

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

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

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Forbearance Default means any of: (A) the occurrence of any Default or Event of Default other than the Specified Defaults, (B) the failure of Borrower or any other Designated Company to timely and strictly comply with any term, condition, covenant, agreement or other obligation set forth in this Agreement, (C) the failure of any representation or warranty made by Borrower or any other Designated Company under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other material breach of any such representation or warranty, (D) the taking of any action by Borrower or any other Designated Company to in any way repudiate or assert a defense to any Obligation under the Credit Agreement, this Agreement or any of the other Loan Documents or the assertion of any claim or cause of action against Administrative Agent, Co-Administrative Agent or any Lender relating in any way thereto, (E) the date on which Administrative Agent, in its sole discretion or at the direction of the Required Lenders, delivers to Borrower a written notice terminating the Forbearance Period, which notice may be delivered at any time upon or after the delivery of any Proposed Vendor Payment Schedule Rejection Notice (as defined below) by the Administrative Agent in accordance with Section 3(c)(ii) hereof, or (F) Borrower fails to receive Inventory purchased with a CIA Payment (as defined below) within six (6) Business Days of the making of such CIA Payment. The occurrence of any Forbearance Default shall constitute an immediate Event of Default under the Credit Agreement and other Loan Documents. Upon the termination or expiration of the Forbearance Period, the agreement of Administrative Agent, Co-Administrative Agent and each Lender hereunder to forbear from exercising its default-related rights and remedies shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which Borrower and each other Designated Company hereby waives. Borrower and each other Designated Company further agrees that any of Administrative Agent (upon direction of the Required Lenders to the extent provided in the Credit Agreement) and each Lender may at any time after the expiration or termination of the Forbearance Period proceed to exercise any and all of its rights and remedies under any or all of the Credit Agreement, any other Loan Document and/or applicable law, all of which rights and remedies are hereby fully reserved by Administrative Agent and each Lender. Any agreement by Administrative Agent and the Lenders to extend the Forbearance Period, if any, must be set forth in writing and signed by Administrative Agent and the Lenders. Borrower and each other Designated Company acknowledges that none of Administrative Agent or any Lender has made any assurances concerning any possibility of any extension of the Forbearance Period. Borrower and each other Designated Company acknowledges and agrees that any Loan or other financial accommodation which Administrative Agent, Co-Administrative Agent or any Lender makes to or for the benefit of Borrower or any other Designated Company on or after the Forbearance Effective Date has been made by such party in reliance upon, and is consideration for, among other things, the general releases and indemnities contained in Section 5 hereof and the other covenants, agreements, representations and warranties of Borrower and each other Designated Company hereunder.

  • Minor Default means any Event of Default that is not a Major Default.

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

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

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Actionable Default means (i) an Event of Default under and as defined by the Credit Facility Agreement or (ii) an event of default under the Public Indenture.

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall: