Incipient Default

Example Definitions of "Incipient Default"
Incipient Default. Shall mean an event, condition or thing which constitutes, or which with the lapse of any applicable grace period or the giving of notice or both would constitute, any Pages Event of Default and which has not been appropriately waived by the Lenders in writing or fully corrected prior to becoming an actual Event of Default.
Found in State Auto Financial CORP contract
Incipient Default. Any event which with notice or lapse of time, or both, would become an event of default.
Found in Azur International, Inc. contract
Incipient Default. Means an event which, upon the lapse of time or the giving of notice, or both, would constitute an Event of Default.
Found in BLUE SKY COMMUNICATIONS INC contract
All Definitions