An Event of Default shall occur if:
An Event of Servicer Termination shall not affect the rights and duties of the parties hereunder other than those relating to the management, administration, servicing, custody or collection of the Contracts or the payment of certain expenses by the successor Servicer, in each case, as expressly set forth herein.
An Event of Default that occurs shall exist or continue or be continuing unless such Event of Default is waived by Lender in accordance with the terms of this Agreement;
An Event of Default under this Guarantee will occur upon the failure of the Guarantor to perform any of its payment or other obligations hereunder. The Holders of a Majority in liquidation amount of the Capital Securities may, voting or consenting as a class, on behalf of the Holders of all of the Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and shall be deemed to have been cured, for every purpose of this Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
An Event of Default shall be cured only when Assignor shall have paid and satisfied in full all Obligations and other sums owing and past due and shall have performed all other terms, covenants and conditions, the failure of performance of which terminated the license herein above mentioned, or shall have received a written waiver from Assignee of such Event of Default.
An Event of Default as defined in the ------------------ Participation Agreement shall constitute an "Event of Default" under this Lease. ----------------
An Event of Default on the part of Subcontractor shall occur upon the happening of any one or more of the following events:
6.1.1 a refusal or neglect by Subcontractor to supply a sufficient number of skilled workers, a sufficient quantity of materials of the specified quality, or a sufficient amount of equipment, parts, and Systems of the specified quantity and performance requirement;
6.1.2 a failure by Subcontractor to prosecute the Work with diligence and promptness;
6.1.3 an act or omission by Subcontractor which stops, delays, interferes with, or damages the Work or any Other Work;
6.1.4 any other failure by Subcontractor to perform any other terms and conditions of the Contract;
6.1.5 a determination by Contractor that the Work or any portion of the Work is not being performed in accordance with the Contract;
6.1.6 the filing by or against Subcontractor of a petition under the Bankruptcy Code or for other debtor or insolvency relief;
6.1.7 the filing by or against Subcontractor of proceedings in furtherance of liquidation or dissolution;
6.1.8 the acknowledgment by Subcontractor of insolvency;
6.1.9 a determination by Contractor that Subcontractor has been acting or failing to act in a manner that evidences financial difficulties on the part of Subcontractor; and/or
6.1.10 the failure to pay any subcontractor monies which Subcontractor has been paid by Contractor.
An Event. An accident or illness which first occured to the Insured in Israel during the Insurance period, with the exception of a pre- existing condition for which the Insured was receiving medical treatment or even medication only, or was under observation, or 6 months previous to his arrival in Israel.
An Event of Default shall occur under this Note if Borrower shall (i) fail to pay any amount due and payable hereunder, and such failure shall continue for 15 days after notice thereof, (ii) file a petition in bankruptcy or petition to take advantage of any insolvency act, (iii) make an assignment for the benefit of its creditors, (iv) consent to the appointment of a receiver of itself or of the whole or any substantial part of its property, (v) have a petition in bankruptcy filed against it which petition is not removed or discharged within 30 days from the date of filing, or be adjudicated a bankrupt, or (vi) file a petition or answer seeking reorganization or arrangement under the federal bankruptcy laws or any other applicable law or statute of the United States or any state thereof.
An Event. Outside Our Control includes any act, event, non-occurrence, omission or accident beyond our control and includes for example (without limitation) the following:
(a) strikes, lock outs or other industrial action; or
(b) civil commotion, riot, invasion, terrorist attach or threat of terrorist attack, war (whether declared or not) or threat or preparation for war; or
