Junior Default Notice

Example Definitions of "Junior Default Notice"
Junior Default Notice. A written notice from the Junior Creditor or MBC to Senior Lender pursuant to which Senior Lender is notified of the occurrence of a Junior Default, which notice incorporates a reasonably detailed description of such Junior Default.
Junior Default Notice. Shall mean a written notice from Junior Creditor or Borrower to Senior Creditor pursuant to which Senior Creditor is notified of the occurrence of a Junior Default, which notice incorporates a reasonably detailed description of such Junior Default.
All Definitions