Define: Default Right
What does "Default Right" mean? The meaning differs based on the contract. We found 2 definitions across 3 companies in SEC filings.
Definition 1 (Booking Holdings Inc., seen in 2 filings)
Default Right means has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
Source: Booking Holdings Inc. 10-K
Definition 2 (DELTA AIR LINES, INC., seen in 1 filing)
Default Right means the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 47.2 or 382.1, as applicable.
Source: DELTA AIR LINES, INC. 10-K
Data extracted from 3 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.