Wilful Default means a deliberate act or omission which will result in (and can reasonably be expected to have been intended to result in) a breach of this Agreement and which, as soon as practicable, but in any event within 30 days after written notice (particularising the alleged breach) is given to the party alleged to be in default, is not either:
Wilful Default of Party B means the fraud, negligence or wilful default of Party B and of its officers, employees, agents and any other person where Party B is liable for the acts or omissions of such other person under the terms of any Transaction Document;
Wilful Default in relation to Party B means, subject to Part 5(11)(d)(iii) of this Schedule, any wilful failure by Party B to comply with, or wilful breach by Party B of, any of its obligations under any Transaction Document, other than a failure or breach which:
Examples of Wilful Default in a sentence
Nothing in this Schedule 8 (other than paragraph 1.6) shall restrict or limit a Claim that arises, is increased, or is delayed as a result of fraud, fraudulent misrepresentation or Wilful Default by the Relevant Seller, any other member of their Seller Group, or any of their respective officers or employees.
More Definitions of Wilful Default
Wilful Default of the Trustee means the fraud, negligence or wilful default of the Trustee and of its officers, employees, agents and any other person where the Trustee is liable for the acts or omissions of such other person under the terms of any Transaction Document;
Wilful Default in relation to the Trustee or the Manager, means, subject to clause 1.3(k) any wilful failure by the Trustee to comply with, or wilful breach by the Trustee or the Manager (as the case may be) of any of its obligations under any Transaction Document, other than a failure or breach which:
Wilful Default means an intentional breach of the terms of this Agreement.
Wilful Default means a deliberate or conscious breach of this Agreement by any of the Parties which has a Material Adverse Effect on the other Party.
Wilful Default of a party means the fraud, negligence or wilful default of that party and of its officers, employees, agents and any other person where that party is liable for the acts or omissions of such other person under the terms of any Transaction Document;
Wilful Default in relation to a party means, subject to clause 1.3(j), any wilful failure by that party to comply with, or wilful breach by that party of, any of its obligations under any Transaction Document, other than a failure or breach which:
Wilful Default in relation to Party B means a wilful default of the Master Trust Deed or the Relevant Security Trust Deed (as the case may be) by Party B: