Specified Relocation Default definition

Specified Relocation Default means the failure of TeamCo to keep, observe or perform the covenant contained in Section 3.1 of this Non-Relocation Agreement.
Sample 1Sample 2Sample 3
Specified Relocation Default means the failure of TeamCo to keep, observe orperform the covenant contained in Section 3.1 of this Non-Relocation Agreement.
Sample 1Sample 2Sample 3
Specified Relocation Default means the failure of TeamCo to keep, observe or
Sample 1

Examples of Specified Relocation Default in a sentence

  • The Parties hereby acknowledge that they have negotiated the above amounts in an attempt to make a good faith effort in quantifying the amount of damages due to a Specified Relocation Default despite the difficulty in making such determination.

  • For the avoidance of doubt, the availability to the Authority (or to any express beneficiary of the Authority’s rights under this Non-Relocation Agreement) of the remedy of liquidated damages under Section 4.4 hereof shall be available only as a remedy for a Specified Relocation Default.

  • Accordingly, the magnitude of the damages that would result from a Specified Relocation Default would be significant in size but difficult to quantify including damages to the finances of the Authority and the County.

  • For the avoidance of doubt, the availability to the Authority (or to any express beneficiary of the Authority’s rights under this Non-Relocation Agreement) of the remedy of liquidated damages under Section 4.4 hereof shall be available only as a remedy for a Specified Relocation Default and subject to Section 4.3(d) hereof.

  • Accordingly, the magnitude of the damages that would result from a Specified Relocation Default would be significant in size but difficult to quantify including damages to the finances of the Authority, the County and the State.

  • Therefore, the Parties agree that upon the occurrence of a Specified Relocation Default, including any such default arising pursuant to the provisions of Section 365(g) of the 1 Note to Draft – Liquidated Damages schedule to be confirmed.

  • United States Bankruptcy Code or similar provision of any successor thereto, the Authority will be entitled to recover from TeamCo a sum equal to the outstanding principal balance on stadium bonds issued; or, in the event that the repayment of those stadium bonds is accelerated, in part or in whole, an amount equal to the scheduled principal balance at the beginning of the year in which there is a Specified Relocation Default.

Related to Specified Relocation Default

  • 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.

  • Loan Default means an event, which with the giving of 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).

  • Non-Defaulting Member has the meaning set forth in Section 4.2(b).

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

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

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

  • in default means, with respect to a State or national

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

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

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

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

  • Subordination Deficiency With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.

  • Eviction Relief Period means the term of this Agreement.

  • 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.

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

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

  • Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.

  • 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.

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

  • 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).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • ii) Event means any event described in Section 11(a)(ii) hereof.