Examples of Uncured Default in a sentence

In the event of an Uncured Default, City shall have the right to elect any or all of the following actions in its sole discretion: (i) terminate this Agreement effective immediately upon written notice of such intent to DISD, (ii) demand immediate repayment, subject to appropriation, by DISD of the TIF Subsidy and said TIF Subsidy shall be immediately due and payable by DISD without further or additional notice; and/or (iii) pursue any other legal remedies available at equity.

More Definitions of Uncured Default

Uncured Default means, with respect to a Reference Entity and any day falling on or prior to the Credit Observation End Date and (determined by reference to Greenwich Mean Time (or, if the relevant Standard is Japan or Japan Sovereign, Tokyo time)), a Potential Failure to Pay has occurred with respect to such Reference Entity or the Repudiation/Moratorium Extension Condition has been satisfied with respect to such Reference Entity and neither an Applicable Event Determination Date nor a Determination Date has occurred with respect to the Reference Entity.

Uncured Default means, with respect to Reference Entity 1 and any day falling on or prior to the Reference Entity 1 Credit Observation End Date and on or after the Credit Event Backstop Date (determined, in each case, by reference to Greenwich Mean Time) a Potential Failure to Pay has occurred with respect to Reference Entity 1 and neither an Event Determination Date in respect of Reference Entity 1 as a result of a Failure to Pay nor a Default Correction Date has occurred. In respect of Reference Entity 2, Uncured Default has the meaning given to it in Schedule 1 hereto.

Uncured Default means one particular, specifically identified obligation of the manager under the respective Management Agreement that is breached and is not cured within ten days' written notice thereof, provided, however, that such ten-day cure period shall be extended one day for each day of delay attributable to the events described in Section 7(d) of that certain Property Management Agreement dated as of December 10, 1996 between East Broadway 5151 Limited Partnership and TEA. At the Closing, Contributor shall, or shall cause its affiliates to, enter into amended and restated Management Agreements with TEMI, that reflect the current terms of such agreements as modified as set forth above.

Uncured Default means a Potential Failure to Pay has occurred and neither a Credit Event as a result of a Failure to Pay nor a Default Correction Date has occurred.

Uncured Default. A Default that remains uncured six months after the date of a Default Notice or an Accelerated Default that remains uncured 30 days after the date of a Default Notice.