Default

Default. Means any Event of Default or any condition, occurrence or event which, after notice or lapse of time or both, would constitute an Event of Default.

Default. Shall mean a default under an agreement between a prospective Buyer or one of its Affiliates and one or more of the SBC Midwest ILECs or one of its Affiliates for which the applicable SBC Midwest ILEC has delivered a written notice to the prospective Buyer or one of its Affiliates that such entity is in default of its obligations under one or more agreements with the SBC Midwest ILECs or its Affiliates.

Default. Means any event that, with the giving of any applicable notice or passage of time specified in Section 5.1, or both, would be an Event of Default.

Default. Shall mean (i) the failure of the Pledgor to pay when due any of the Secured Obligations, (ii) a default by Pledgor in its obligations under Section 6(c) hereof, (iii) any default (other than one described in clause (i) or (ii) above) under the Note or under this Agreement, or any misrepresentation or breach of warranty, and in each case, the failure to cure the same within 30 days after notice thereof from the Lender, provided that if such default cannot with reasonable diligence by cured... within said 30 day period, but can be cured, then the Pledgor shall have such additional cure period (not to exceed ninety (90) days) as may be required to effect such cure, so long as the Pledgor shall be diligently prosecuting such cure to completion, (iv) any "Event of Default" under the Kansas Future Advance Mortgage, Assignment of Rents and Leases and Security Agreement, recorded May 1, 2001, as Document No. 2001R-08551, in Book 4279, Page 13, in the Office of the Register of Deeds for Wyandotte County, Kansas, as amended June 6, 2001 and (v) the filing by any Person comprising Pledgor of a voluntary petition in bankruptcy or the adjudication of any such Person as a bankrupt or insolvent, or the filing by or against any such Person of any petition or answer seeking or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future Federal, State or other statute, law or regulation relating to bankruptcy, insolvency or other relief for debtors, or any such Person seeking or consenting to or acquiescing in the appointment of any trustee, receiver or liquidator of itself or of all or any substantial part of the property conveyed hereby, or of any or all of the rents, revenues, issues, earnings, profits or income thereof, or the making of any general assignment for the benefit of creditors, or any admission in writing of its inability to pay its debts generally as they become due. View More

Default. Means any default under any Credit Document.

Default. Each "Event of Default" (as defined in the Note).

Default. Means the occurrence and continuance of any Event of Default.

Default. Means the occurrence of any of the following events or conditions: (a) the Debtor does not pay any of the Liabilities when due; (b) the Debtor does not observe or perform any of the Debtor's obligations under this Agreement or any other agreement or document existing at any time between the Debtor and the Creditor; (c) any representation, warranty or statement made by or on ... behalf of the Debtor to the Creditor, in this Agreement or otherwise, is untrue in any material respect when made; (d) the Debtor ceases or threatens to cease to carry on in the normal course all or any material part of the Debtors business; (e) if the Debtor is a corporation, there is, in the Creditor's opinion (acting reasonably), a change in effective control of the Debtor, or if the Debtor is a partnership, there is, in the Creditors opinion (acting reasonably), a dissolution or change in the membership of the partnership; (f) the Debtor becomes insolvent or bankrupt, or makes or files a proposal, a notice of intention to make a proposal or an assignment for the benefit of creditors under the Bankruptcy and Insolvency Act (Canada) or comparable legislation in Canada or any other jurisdiction; a petition in bankruptcy is filed against the Debtor; or, if the Debtor is a corporation, proceedings are initiated under any legislation by or against the Debtor seeking its liquidation, winding-up, dissolution or reorganization or any arrangement or composition of its debts; (g) a Receiver, trustee, custodian or other similar official is appointed in respect of the Debtor or any of the Collateral; (h) any Person holding a Security Interest in respect of any part of 3 the Collateral takes possession of all or any material part of the Collateral, or a distress, execution or other similar process is levied against all or any material part of the Collateral; (i) the Debtor challenges or threatens to challenge the validity or enforceability of this Agreement or the Security Interests created by this Agreement; or (j) the Creditor, acting in good faith and upon commercially reasonable grounds, believes that the prospect of payment or performance of any of the Liabilities is or is about to be impaired or that all or any material part of the Collateral is or is about to be placed in jeopardy. View More

Default. Means all the events specified in Section 19 hereof, regardless of whether there shall have occurred any passage of time or giving of notice, or both, that would be necessary in order to constitute such event as an Event of Default

Default. Will mean any event or condition that with notice or lapse of time or both would constitute an event of Default.