Vendor Default definition

Vendor Default means any of the following:
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Vendor Default means a breach of a representation or warranty made by Vendor or a breach by Vendor of a covenant, agreement or other obligation set out in this Agreement resulting in a non-fulfillment of the conditions set out in Clause 12.2.
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Vendor Default means a breach of a representation or warranty made by Vendor in Section 6.1 of the Transaction Agreement, or a breach by Vendor of a covenant or agreement in the Transaction Agreement.Conventions Certain terms used herein are defined in the “Glossary of Terms”. Unless otherwise indicated, references herein to “$” or “dollars” are to Canadian dollars. All financial information herein has been presented in Canadian dollars in accordance with generally accepted accounting principles in Canada, except where otherwise stated. Abbreviations In this Information Circular and the appendices hereto, the abbreviations set forth below have the meanings indicated:
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Examples of Vendor Default in a sentence

  • If for any reason other than the default of the Vendor, the purchase is not completed on the Settlement Date, the Purchaser must pay to the Vendor Default Interest on the unpaid portion of the purchase price from the due date for payment until actual payment.

  • NetMRI will only check for default vendor community strings when the Vendor Default Credential Collection option is enabled in the Settings icon –> Setup –> Collection and Groups –> Global tab –> Config Management panel.

  • In summary, during 2014 OSi contributed to the creation of Táilte Éireann, the name given to the merged entity bringing OSi into the same overall organisation as Property Registration and the Valuation Office which should allow for greater synergies and cost savings and take OSi and its staff into a new and exciting national environment where our expertise and enthusiasm will be rewarded.

  • The provisions of subparagraphs (b) and (c) above shall not apply if this Purchase Order is terminated or cancelled by Atlantic pursuant to paragraph 11 (Termination for Vendor Default) or pursuant to paragraph 12 (Force Majeure).

  • If the Vendor Default Credential Collector option (Settings icon –> Setup –> Collection and Groups –> Global tab –> Config Management panel) is enabled and a vendor default username/password combination successfully logs into a device, an issue is generated.

  • Early termination can be caused by <<‘State Designated Agency’>> Default or Vendor Default].

  • The Owner shall send the Vendor written notice of and a copy of the declaration of Vendor Default and termination of the Contract.

  • In the event that any provision of the Purchase Order Documents is violated by the Vendor or by any Subcontractor, the Owner may serve written notice upon the Vendor of the Owner's intention to declare a Vendor Default and terminate the Contract.

  • In the event that this Agreement is pursuant to any of the provisions hereto, where there is no Purchaser Default and no Vendor Default, each Party shall be released from all obligations hereunder.

  • The two precedence rules, instead, are handled by ARNE by synchroniz- ing ask for updates before check medical history and predict risk.


More Definitions of Vendor Default

Vendor Default means a breach of a representation or warranty made by Vendor in Section 5.1 or Section 5.2, or a breach by Vendor of a covenant or agreement in this Agreement.
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Vendor Default shall have the meaning given in Section 9.2.
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Vendor Default with respect to a Vendor Product, shall mean that such Vendor Product failed to perform in accordance with Vendor's specifications with respect to such Vendor Product, Vendor's standard warranty with respect to such Vendor Product or any other written representations or written warranties given by Vendor to LSI or the Lessee of such Vendor Product.
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Vendor Default means: (I) the failure of any Vendor to perform any of its obligations hereunder or under the Contract after the Effective Date or any material breach of its obligations under any Related Agreement; or (II) an of Vendors' representations or warranties herein or in the Contract or any Related Agreement being false or misleading in any material respect.
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Vendor Default means any of the following events:
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Related to Vendor Default

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

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

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Customer Default has the meaning set out in clause 8.3.

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

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

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

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • 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).

  • Default means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default.

  • Buyer Default refers to nonpayment of the Xxxxxxx Money in accordance with the provisions of this Agreement (including nonpayment or dishonor of any check delivered for the Xxxxxxx Money) and/or the failure of this transaction to close due to nonperformance, breach and/or default with respect to the Buyer’s obligation(s) under this Agreement. In the event of a Buyer Default, the following provisions shall apply:

  • Guarantor Default means a default by the Guarantor under its obligations pursuant to Article IX of the Note Purchase Agreement which is existing and continuing.

  • 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.

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such 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):

  • Forbearance Default means: (A) the failure of the Company to provide the Noteholder Group and its financial advisors with reasonable access, as determined by the Noteholder Group in its reasonable discretion, to its Chief Executive Officer, other senior executives and outside advisors, including representatives of Xxxxx Xxxxx Xxxxxx that are working with the Company, and to provide the Noteholder Group and its legal and financial advisors with any and all due diligence information they may reasonably request, including, without limitation, the Company’s current 13-week cash flow schedule, and all updates thereto as soon as reasonably practicable after they are prepared, but in no event no later than two (2) business days thereafter; (B) the failure of the Company to engage in good faith negotiations with the Noteholder Group regarding a potential restructuring transaction, which determination shall be made by the Noteholder Group in its reasonable discretion; (C) the failure of the Company to promptly notify the Noteholder Group of the occurrence of a Forbearance Default (as defined in the DDJ Third Amended Forbearance Agreement) under the DDJ Third Amended Forbearance Agreement or any amendment or modification to the DDJ Third Amended Forbearance Agreement; (D) termination of the DDJ Third Amended Forbearance Agreement; (E) the execution of any amendment or modification to the DDJ Third Amended Forbearance Agreement, which amendment or modification has a material adverse effect on the Noteholder Group as determined by the Noteholder Group in its reasonable discretion; (F) termination by the Company of the Xxxxxx Engagement Letter or the failure of the Company to pay Xxxxxx’x fees, expenses and indemnity in accordance with the terms of the Xxxxxx Engagement Letter; (G) the occurrence of any Event of Default that is not a Specified Existing Default; (H) the failure of the Company to comply with any term, condition, covenant or agreement set forth in this Third Amended Forbearance Agreement; (I) the failure of any representation or warranty made by the Company under this Third Amended Forbearance Agreement to be true and correct in all material respects as of the date when made; (J) the commencement by or against the Company or any of the Subsidiaries of a case under title 11 of the United States Code; or (K) the commencement of any action or proceeding by any creditor of the Company or any of the Subsidiaries seeking to attach or take similar action against the assets of the Company or the Subsidiaries. Any Forbearance Default shall constitute an immediate Event of Default under the Indenture.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

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

  • 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.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Seller Default has the meaning set forth in Section 12.1.

  • 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.