Default Amount
Default Amount. The Amount Outstanding, plus (A) the Make Whole Amount, minus (B) the total Accrued Interest as the date of such Event of Default, which the Borrower and Holder agree is a make-whole premium, payable in the event this Note is required to be repaid prior to the Stated Maturity Date due to an Event of Default.
Found in
MANGOCEUTICALS, INC. contract
Default Amount. Shall mean, (i) with respect to any Allocation Day during a Collection Period, the aggregate amount of Receivables recognized as becoming Defaulted Receivables since the beginning of the preceding Allocation Day but prior to the beginning of the current Allocation Day and (ii) with respect to any Collection Period, means the aggregate amount of Receivables recognized as becoming Defaulted ...
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Found in
GOTTSCHALKS INC contract