Termination by Default definition

Termination by Default means the right to terminate based on the default guidelines set forth in Section 6, Part XIII and subpart a.

Related to Termination by Default

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Affiliate means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Board means the Board of Directors of the Company.

  • Agreement has the meaning set forth in the preamble.