User Event of Default definition

User Event of Default has the meaning given in Clause 16.1.1. “User Invoice” has the meaning given in Clause 11.1.2.
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User Event of Default. As defined in Section 13.1.
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User Event of Default has the meaning set forth in Section 9.1.
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Examples of User Event of Default in a sentence

  • The User Liability Cap shall operate as the total aggregate liability cap of the User, including in the case of termination of this Agreement upon the occurrence of a User Event of Default.

  • The termination notice shall specify in reasonable detail the Operator Event of Default or User Event of Default, as the case may be, giving rise to the termination notice.

  • Each Party acknowledges and agrees that the User Events of Default and the Operator Events of Default do not unreasonably disadvantage either Party, and each Party irrevocably waives any right to bring a claim against the other Party to contest the effectiveness of any User Event of Default and the Operator Event of Default.

  • No delay, omission or failure by Owner to insist upon the strict performance of any term hereof or to exercise any right, power or remedy hereunder and no acceptance of full or partial payment of any Golf Course Use Payments during the continuance of any default or User Event of Default shall impair any such right or constitute a waiver of any such breach or of any such term.

  • User shall pay as Additional Charges all costs and expenses incurred by or on behalf of Owner, including reasonable and documented attorneys’ fees and expenses, as a result of any User Event of Default hereunder.

  • Upon the occurrence of an Operator Event of Default or a User Event of Default, as the case may be, the non-defaulting Party may, at its option, deliver a termination notice to the other Party.

  • Any payments received by Owner under any of the provisions of this Agreement during the existence or continuance of any User Event of Default which are made to Owner rather than User due to the existence of an User Event of Default shall be applied to User’s obligations in the order which Owner may reasonably determine or as may be prescribed by applicable Legal Requirements.

  • Terminal User agrees and acknowledges that the Terminal User’s Guarantee may be insufficient to cover the liabilities incurred by Terminal Operator following a Terminal User Event of Default, and that Terminal Operator’s remedies shall not be limited drawing against the Terminal User’s Guarantee.

  • Spot Cargo User agrees and acknowledges that the Spot Cargo User’s Guarantee may be insufficient to cover the liabilities incurred by Terminal Operator following a Spot Cargo User Event of Default, and that Terminal Operator’s remedies shall not be limited to drawing against the Spot Cargo User’s Guarantee.

  • It is also clarified that the amount of the forfeiture of the Terminal User’s Guarantee will be taken into consideration in the calculation of the liabilities incurred by Terminal Operator following a Terminal User Event of Default.


More Definitions of User Event of Default

User Event of Default has the meaning given in Clause 16.1.
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Related to User Event of Default

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

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

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

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

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • 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.

  • Event of Default has the meaning specified in Section 8.01.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • 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)).

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

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

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • 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:

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

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

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

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.