Event of Default definition

Event of Default has the meaning specified in Section 8.01.
Event of Default wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Event of Default has the meaning assigned to such term in Article VII.

Examples of Event of Default in a sentence

  • In the event of termination of PPA/PSA on account of Event of Default by the Buying Entity, any damages or charges payable to the STU/ CTU, for the connectivity of the plant, shall be borne by the Buying Entity.

  • Upon an Event of Default as defined in Section 23.1 (Event of Default), SRTA may, in its sole discretion, terminate this Contract, in whole or in part.

  • An Event of Default shall also constitute Xxxxxxx’s instituting or has instituted against it a proceeding for insolvency or bankruptcy, or other similar relief.

  • Upon the occurrence of an Event of Default, SRTA may, in addition to and without prejudice to all other contractual remedies and/or remedies allowed at law or in equity, proceed to take any or all of the following actions: Withhold any money then due and/or thereafter due to Contractor; Perform or cause to be performed for the account of Contractor any contractual obligation, the performance of which the Contractor is in default, or make any payment for which the Contractor is in default.

  • Network Rail shall notify the Train Operator promptly on becoming aware of the occurrence of a Network Rail Event of Default.


More Definitions of Event of Default

Event of Default has the meaning specified in Section 501.
Event of Default means, with respect to the Mortgage Loan, an “Event of Default” as defined in the Mortgage Loan Agreement.
Event of Default wherever used herein with respect to Securities of any series, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Event of Default wherever used herein, means any one of the following events (whatever the reason and whether it shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or regulation of any administrative or governmental body):
Event of Default wherever used herein, means any one of the following events:
Event of Default shall have the meaning specified in Section 6.01.
Event of Default has the meaning set forth in Section 6.1.