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

  • 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.

  • You will see all vendor default community strings that were able to return SNMP data for a device in the Default Credentials Report.Manually entered community strings are used first, in priority order, then the default community strings are tried in priority order if the Use Vendor Default Community Strings option is enabled in the Settings icon –> Setup section –> Collection and Groups –> Global tab –> Network Polling panel.

  • Unless termination is caused by a Vendor Default as defined in Section 9.1, Vendor shall be entitled to compensation for Services performed prior to the termination date based on the reasonable value of such Services; in no event shall such amount exceed the amount set forth in the Statement of Work.

  • 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 Purchaser will in such event also be entitled to demand from the Vendor Default Interest on the moneys paid by it under this Agreement calculated on a daily basis from the date they were first paid out by the Purchaser until the date they are repaid by the Vendor.

  • Elem ID Vendor Default SRI State ID BC ISASP ELD0047 No Default Y N Y Y NIs the student of the White race?A person having origins in any of the original peoples of Europe, the Middle East, or North Africa.Code Description1 Yes0 NoUser Notes1.

  • In the event of such an Excused Vendor Default, Manufacturer and Principal shall cooperate to establish a reasonable new delivery date.

  • Elem ID Vendor Default SRI State ID BC ISASP ELD0510 No Default Y N N N NNumber of days a student was present during the current school year counted to the nearest hundredth.Description0.00 to xxx.00User Notes1.

  • Elem ID Vendor Default SRI State ID BC ISASP ELD0090 No Default N N N N NPreferred suffix such as Jr, I, II of the studentUser Notes1.

  • Manually entered community strings are used first, in priority order, then the default community strings are tried in priority order if the Use Vendor Default Community Strings option is enabled in the Settings icon –> Setup section –> Collection and Groups –> Global tab –> Network Polli ng panel.


More Definitions of Vendor Default

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 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 means any of the following events:
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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 shall have the meaning given in Section 9.2.
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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 the occurrence of any event or condition which, with the giving of notice, the passage of time, 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 which is, or after notice or 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 any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • 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 has the meaning specified in Section 8.01.

  • Forbearance Default means any of: (A) the occurrence of any Default or Event of Default other than the Specified Defaults, (B) the failure of Borrower or any other Designated Company to timely and strictly comply with any term, condition, covenant, agreement or other obligation set forth in this Agreement, (C) the failure of any representation or warranty made by Borrower or any other Designated Company under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other material breach of any such representation or warranty, (D) the taking of any action by Borrower or any other Designated Company to in any way repudiate or assert a defense to any Obligation under the Credit Agreement, this Agreement or any of the other Loan Documents or the assertion of any claim or cause of action against Administrative Agent, Co-Administrative Agent or any Lender relating in any way thereto, (E) the date on which Administrative Agent, in its sole discretion or at the direction of the Required Lenders, delivers to Borrower a written notice terminating the Forbearance Period, which notice may be delivered at any time upon or after the delivery of any Proposed Vendor Payment Schedule Rejection Notice (as defined below) by the Administrative Agent in accordance with Section 3(c)(ii) hereof, or (F) Borrower fails to receive Inventory purchased with a CIA Payment (as defined below) within six (6) Business Days of the making of such CIA Payment. The occurrence of any Forbearance Default shall constitute an immediate Event of Default under the Credit Agreement and other Loan Documents. Upon the termination or expiration of the Forbearance Period, the agreement of Administrative Agent, Co-Administrative Agent and each Lender hereunder to forbear from exercising its default-related rights and remedies shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which Borrower and each other Designated Company hereby waives. Borrower and each other Designated Company further agrees that any of Administrative Agent (upon direction of the Required Lenders to the extent provided in the Credit Agreement) and each Lender may at any time after the expiration or termination of the Forbearance Period proceed to exercise any and all of its rights and remedies under any or all of the Credit Agreement, any other Loan Document and/or applicable law, all of which rights and remedies are hereby fully reserved by Administrative Agent and each Lender. Any agreement by Administrative Agent and the Lenders to extend the Forbearance Period, if any, must be set forth in writing and signed by Administrative Agent and the Lenders. Borrower and each other Designated Company acknowledges that none of Administrative Agent or any Lender has made any assurances concerning any possibility of any extension of the Forbearance Period. Borrower and each other Designated Company acknowledges and agrees that any Loan or other financial accommodation which Administrative Agent, Co-Administrative Agent or any Lender makes to or for the benefit of Borrower or any other Designated Company on or after the Forbearance Effective Date has been made by such party in reliance upon, and is consideration for, among other things, the general releases and indemnities contained in Section 5 hereof and the other covenants, agreements, representations and warranties of Borrower and each other Designated Company hereunder.

  • 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 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.

  • 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:

  • 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.