Default Notice

Default Notice. Has the meaning given in Clause 18.2;

Default Notice. Means a notice of the occurrence of an Event of Default given by a Secured Party to the Collateral Agent and to the other Secured Parties.

Default Notice. Means written notice sent by Senior Lender to the Creditors advising Creditors that an Event of Default, which did not arise as a result of a Payment Default, has occurred.

Default Notice. Means a notice of intention to enforce served by the Pledgee following the occurrence of an Event of Default which is continuing.

Default Notice. The Company shall not make, and the Lender shall not receive or retain, any payment made under this Debenture and, (ii) if any payment is made in violation of this paragraph, the Lender shall promptly deliver the same to Senior Creditor in the form received, with any endorsement or assignment necessary for the transfer of such payment from the Lender to Senior Creditor, to be either (in Senior Creditor's sole discretion) held as cash collateral securing the Senior Debt or applied in reduction... of the Senior Debt and, until so delivered, the Lender shall hold such payment in trust as the property of Senior Creditor. View More

Default Notice. A notice from the Credit Facility Agent to the Collateral Trustees of the occurrence of an Event of Default or Potential Default (as such terms are defined in the Credit Facility Agreement)