Default

Default. Shall mean any event or condition which with notice, lapse of time or both would constitute an Event of Default.

Default. The meaning stated in the Mortgage

Default. If a Default or Event of Default exists, the Parent may only declare or make cash distributions to its shareholders during any fiscal year in an aggregate amount not to exceed the minimum amount necessary for the Parent to remain in compliance with Section 8.12. If a Default or Event of Default specified in Section 11.1. (a), Section 11.1. (b), Section 11.1. (f) or Section 11.1. (g) shall exist, or if as a result of the occurrence of any other Event of Default any of the Obligations have been... accelerated pursuant to Section 11.2. (a), the Parent shall not, and shall not permit any Subsidiary to, make any Restricted Payments to any Person other than to the Parent, the Borrower or any other Subsidiary View More

Default. Any of the following events: (i) If TIMET fails at any time to have a legal, valid, binding and enforceable first priority lien on the Collateral or any portion thereof that is caused by reason of an act or omission of Haynes (provided, however that a Permitted Encumbrance will not cause or be deemed to cause a default hereunder); (ii) Violation of any of the terms, obligations, covenants or conditions set forth in Sections 11(b) or (c); or (iii) The failure of Haynes to pay when due any... principal of or other amount due on the Debt Obligations, which failure continues for five (5) days after the date such payment becomes due View More

Default. An event, condition or circumstance the occurrence of which would, with the giving of notice or the passage of time or both, constitute an Event of Default

Default. A "Default" hereunder or in the Loan Agreement.

Default. (i) the failure of a Buyer to deliver any portion of the Purchase Price, including any portion of any Deferred Purchase Price Payment, pursuant to the terms of this Purchase Agreement when and as the same shall become due and payable by such Buyer, as provided herein, or (ii) a material breach by a Buyer of such Buyer's covenants set forth in Paragraph 7(e)(i) hereof

Default. Shall mean the occurrence or existence of any one or more of the following events. (a) The Borrower fails to pay any of its material "Liabilities" (as hereinafter defined) when due and said failure continues for a period of fifteen (15) days after written notice of same from Lender to the Borrower; (b) A proceeding under any Bankruptcy, reorganization, arrangement of debt, insolvency, readjustment of debt or receivership law or statute is filed against Borrower which is not dismissed within... sixty (60) days of its filing, or a proceeding under any Bankruptcy, reorganization, arrangement of debt, insolvency, readjustment of debt or receivership law or statute is filed by Borrower or the Borrower makes an assignment for the benefit of creditors; or (c) A default by Borrower under any of the other Loan Documents. View More

Default. The meaning ascribed to it in the Series A Certificate

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.