Agreement Creating Default or Acceleration Sample Clauses

Agreement Creating Default or Acceleration. The execution, delivery and performance of this Agreement and of each and every agreement, document and instrument and the consummation of the transactions contemplated hereby and thereby do not and will not (i) constitute a breach or default (or an occurrence which by lapse of time and/or by the giving of notice would constitute a breach or default) under any agreement, lease, license, franchise, contract or commitment to which Buyer is subject or party or by which its properties or assets are bound; (ii) result in the creation or the imposition of any lien, encumbrance, security interest or charge in favor of any other party upon any of Buyer's properties or assets; or (iii) result in the cancellation or termination of, or the acceleration of the performance of any obligations or of any indebtedness under any contract, agreement, commitment, indenture, mortgage, note, bond, license or other instrument or obligation to which Buyer is now a party or by which Buyer or its properties or assets may be bound or affected, except as reflected in the Registration Statement or contemplated by this Agreement.
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Agreement Creating Default or Acceleration. Except as reflected in the Registration Statement or contemplated by this Agreement, the execution, delivery and performance of this Agreement and of each and every agreement, document and instrument and the consummation of the transactions contemplated hereby and thereby do not and will not (i) constitute a breach or default (or an occurrence which by lapse of time and/or by the giving of notice would constitute a breach or default) under any agreement, lease, license, franchise, contract or commitment to which Seller, Eagle or JEH Eagle is a party or by which any of them or their properties or assets is bound; (ii) result in the creation or the imposition of any lien, encumbrance, security interest or charge in favor of any other party upon any of the properties or assets of Seller, Eagle or JEH Eagle; or (iii) result in the cancellation or termination of, or the acceleration of the performance of any obligations or of any indebtedness under any contract, agreement, commitment, indenture, mortgage, note, bond, license or other instrument or obligation to which Seller, Eagle or JEH Eagle is now a party or by which Seller, Eagle or JEH Eagle or any of their respective properties or assets may be bound or affected.
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Agreement Creating Default or Acceleration. Except as contemplated by this Agreement, the execution, delivery and performance of this Agreement and of each and every agreement, document and instrument and the consummation of the transactions contemplated hereby and thereby do not and will not (i) constitute a breach or default (or an occurrence which by lapse of time and/or by the giving of notice would constitute a breach or default) under any agreement, lease, license, franchise, contract or commitment to which Far East is a party or by its properties or assets are bound; (ii) result in the creation or the imposition of any lien, encumbrance, security interest or charge in favor of any other party upon any of the properties or assets of Far East; and (iii)
Sample 1
Agreement Creating Default or Acceleration. Except as reflected in the Registration Statement or contemplated by this Agreement, the execution, delivery and performance of this Agreement and of each and every agreement, document and instrument and the consummation of the transactions contemplated hereby and thereby do not and will not (i) constitute a breach or default (or an occurrence which by lapse of time and/or by the giving of notice would constitute a breach or default) under any agreement, lease, license, franchise, contract or commitment to which Seller, Eagle, JEH Eagle or MSI Eagle is a party or by which any of them or their properties or assets is bound; (ii) result in the creation or the imposition of any lien, encumbrance, security interest or charge in favor of any other party upon any of the properties or assets of Seller, Eagle, JEH Eagle or MSI Eagle; or (iii) result in the cancellation or termination of, or the acceleration of the performance of any obligations or of any indebtedness under any contract, agreement, commitment, indenture, mortgage, note, bond, license or other instrument or obligation to which Seller, Eagle, JEH Eagle or MSI Eagle is now a party or by which Seller, Eagle, JEH Eagle or MSI Eagle or any of their respective properties or assets may be bound or affected.
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Related to Agreement Creating Default or Acceleration

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Default or Event of Default No Default or Event of Default hereunder has occurred or is continuing or will occur as a result of the giving effect hereto.

  • Event of Default Defined; Acceleration of Maturity; Waiver of Default Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (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):

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders. (b) The Guarantee Trustee shall not be deemed to have knowledge of any Event of Default unless the Guarantee Trustee shall have received written notice, or a Responsible Officer charged with the administration of this Guarantee Agreement shall have obtained written notice, of such Event of Default.

  • Event of Default Defined The following events (herein referred to as an “Event of Default”) shall constitute a default by Tenant hereunder: (i) Tenant shall default in the due and punctual payment of the Base Rent or any Additional Rent payable hereunder, and such default shall continue for ten (10) days after receipt of written notice from Landlord; or (ii) Tenant shall neglect or fail to perform or observe any of the covenants herein contained on Tenant’s part to be performed or observed and Tenant shall fail to remedy the same within thirty (30) days after Landlord shall have given to Tenant written notice specifying such neglect or failure (or within such additional period, if any, as may be reasonably required to cure such default if it is of such nature that it cannot be cured within said thirty (30) day period); or (iii) This Lease or the Premises or any part thereof shall be taken upon execution or by other process of law directed against Tenant, or shall be taken upon or subject to any attachment at the instance of any creditor of or claimant against Tenant, and said attachment shall not be discharged or disposed of within fifteen (15) days after the levy thereof; or (iv) Tenant vacates or abandons the Premises or permits the same to remain vacant or unoccupied for a period of ten (10) continuous business days and discontinues paying rent, then, in any such event, after written notice has been received by Tenant from Landlord, Tenant will have ten (10) days to remedy such default, otherwise Landlord shall have the right at its election, or at any time thereafter, and while such event of default shall continue, to pursue its remedies as set forth in Subsection (b) below.

  • Actions following an Event of Default On, or at any time after, the occurrence and during the continuation of an Event of Default: (a) the Agent may, and if so instructed by the Majority Lenders, the Agent shall: (i) serve on the Borrowers a notice stating that all or part of the Commitments and of the other obligations of each Lender to the Borrowers under this Agreement are cancelled; and/or (ii) serve on the Borrowers a notice stating that all or part of the Loan together with accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii), the Agent and/or the Lenders are entitled to take under any Finance Document or any applicable law; and/or (b) the Security Trustee may, and if so instructed by the Agent, acting with the authorisation of the Majority Lenders, the Security Trustee shall take any action which, as a result of the Event of Default or any notice served under paragraph (a)(i) or (a)(ii), the Security Trustee, the Agent and/or the Lenders and/or the Swap Counterparties are entitled to take under any Finance Document or any applicable law.

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • Default under Specified Transaction The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues for at least three Local Business Days if there is no applicable notice requirement or grace period) or (3) disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

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