Sponsor Default definition

Sponsor Default means any of the events set out in clause 14.1;

Sponsor Default has the meaning set forth in Section 25. “Sponsor ID” means Sponsor’s name or logo.

Sponsor Default means (a) the failure by the Sponsor to observe or perform any covenant, condition or agreement contained herein or in the Subordination Agreement and (b) any representation or warranty of the Sponsor contained herein, in the Support Agreement or in any certificate of the Sponsor delivered in connection therewith is incorrect in any material respect as of the date on which it was made.

Examples of Sponsor Default in a sentence

• From the Effective Date through the end of the Term, and as long as no Sponsor Default exists, Entity hereby agrees that it shall not grant to any Direct Competitor any right or license to market or promote any products or services within the Exclusive Category anywhere at, or in conjunction with, the Events or the Spark!Fishers 5K.

More Definitions of Sponsor Default

Sponsor Default has the meaning assigned to such term in Section 6.01 hereto.

Sponsor Default shall have the meaning given such term in --------------- Section 7.2 hereof.

Sponsor Default shall have the meaning given such term in the AFI Credit --------------- Agreement.

Sponsor Default has the meaning set forth in the Sponsor Pledge Agreement.