Certain Events of Loss Sample Clauses

Certain Events of Loss. Upon the occurrence of an Event of Loss with respect to any item of Equipment, Debtor shall pay Secured Party within thirty (30) days after receipt of insurance proceeds after the occurrence of such Event of Loss (but in no event shall such period extend 120 days beyond the date of the occurrence of such Event of Loss) or, if such day is not a Business Day, on the next occurring Business Day (the "Event of Loss Payment Date") an amount equal to the sum of (a) the Termination Value (computed as of the Installment Payment Date immediately preceding the Event of Loss Payment Date) for the items of Equipment then subject to the Event of Loss, plus (b) all accrued but unpaid interest, plus (c) any Break-Funding Costs with respect to the items of Equipment then subject to the Event of Loss, plus (d) all other obligations owing hereunder on the Event of Loss Payment Date. Upon payment of the amounts set forth in (a)-(d) above, Secured Party shall release its Lien on the items of Equipment then subject to the Event of Loss.
Sample 1Sample 2
AutoNDA by SimpleDocs
Certain Events of Loss. Upon the occurrence of an Event of Loss with respect to the Aircraft, (a) Borrower shall pay Bank on the earlier of (i) the Monthly Payment Date on or immediately succeeding the 90th day following the date of occurrence of such Event of Loss and (ii) the Monthly Payment Date immediately succeeding the date of receipt of insurance proceeds with respect to such Event of Loss, an amount equal to the sum of the outstanding principal balance of the Loan and the accrued interest on the Note and all other obligations owing hereunder as of such date, and (b) Bank shall release its Lien on the Collateral on the date of receipt of all such amounts. Upon the occurrence of an Event of Loss with respect to an Engine under circumstances in which there has not occurred an Event of Loss with respect to the Airframe, the Borrower shall (i) give the Bank prompt written notice thereof, (ii) within 15 days after the date of occurrence of such Event of Loss, take such actions as are necessary to ensure that such Engine shall be replaced as soon as possible, and (iii) within 60 days after the date of occurrence of such Event of Loss, cause, as replacement for the Engine with respect to which such Event of Loss occurred, another General Electric CF6-50C2 engine (or engine of the same or another manufacturer, of the same or improved utility, performance and efficiency and suitable for installation and use on the Airframe in conjunction with the remaining Engines installed on the Aircraft) owned by the Borrower free and clear of all Liens and having a value and utility at least equal to, and being in as good operating condition as, the Engine with respect to which such Event of Loss occurred, assuming such Engine was of the value and utility and in the condition and repair required by the terms hereof immediately prior to the occurrence of such Event of Loss to be subjected to Bank's security interest hereunder and under the Security Agreement. Prior to or at the time of any such conveyance, the Borrower, at its own expense, will (i) cause a supplement to the Security Agreement, in form and substance satisfactory to the Bank, to be duly executed by the Borrower and recorded pursuant to the Federal Aviation Act, (ii) execute and, if necessary, file such documents as may be reasonably required by the Bank to confirm the Bank's security interest in such replacement engine, (iii) furnish the Bank with such evidence of compliance with the insurance provisions of Section 7.1 hereof with...
Sample 1
Certain Events of Loss. If an Event of Loss described in clause (i) or (ii) of the definition thereof shall occur for the Property, prior to the date title to the Property shall have been conveyed to the condemning authority having jurisdiction thereof, Tenant shall give Landlord prompt written notice of such occurrence and the date thereof.
Sample 1
Certain Events of Loss. Upon the occurrence of an Event of Loss with respect to the Aircraft, (a) Borrower shall pay Bank on the earlier of (i) the Monthly Payment Date on or immediately succeeding the 90th day following the date of occurrence of such Event of Loss and (ii) the Monthly Payment Date immediately succeeding the date of receipt of insurance proceeds with respect to such Event of Loss, an amount equal to the sum of the outstanding principal balance of the Loan and the accrued interest on the Note and all other obligations owing hereunder as of such date, and (b) Bank shall release its Lien on the Collateral on the date of receipt of all such amounts. Upon the occurrence of an Event of Loss with respect to an Engine under circumstances in which there has not occurred an Event of Loss with respect to the Airframe, the Borrower shall (i) give the Bank prompt written notice thereof, (ii) within 15 days after the date of occurrence of such Event of Loss, take such actions as are necessary to ensure that such Engine shall be replaced as soon as possible, and
Sample 1

Related to Certain Events of Loss

  • Certain Events If any event occurs of the type contemplated by the adjustment provisions of this Paragraph 4 but not expressly provided for by such provisions, the Company will give notice of such event as provided in Paragraph 4(g) hereof, and the Company's Board of Directors will make an appropriate adjustment in the Exercise Price and the number of shares of Common Stock acquirable upon exercise of this Warrant so that the rights of the holder shall be neither enhanced nor diminished by such event.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • Notification of Certain Events Prior to the expiration of this Warrant pursuant to Section 8, in the event that the Company shall authorize:

  • Limitation on Events of Default Notwithstanding the terms of Sections 5 and 6 of the ISDA Form Master Agreement, if at any time and so long as the Counterparty has satisfied in full all its payment obligations under Section 2(a)(i) of the ISDA Form Master Agreement and has at the time no future payment obligations, whether absolute or contingent, under such Section, then unless BSFP is required pursuant to appropriate proceedings to return to the Counterparty or otherwise returns to the Counterparty upon demand of the Counterparty any portion of any such payment, (a) the occurrence of an event described in Section 5(a) of the ISDA Form Master Agreement with respect to the Counterparty shall not constitute an Event of Default or Potential Event of Default with respect to the Counterparty as Defaulting Party and (b) BSFP shall be entitled to designate an Early Termination Date pursuant to Section 6 of the ISDA Form Master Agreement only as a result of the occurrence of a Termination Event set forth in either Section 5(b)(i) or 5(b)(ii) of the ISDA Form Master Agreement with respect to BSFP as the Affected Party, or Section 5(b)(iii) of the ISDA Form Master Agreement with respect to BSFP as the Burdened Party.

  • Effect of Certain Events (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), in which the consideration to be received by the Company or its shareholders consists solely of cash, the Company shall give the holder of this Warrant thirty (30) days' notice of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

  • Notice of Certain Events Affecting Registration; Suspension of Right to Make an Advance. The Company will immediately notify the Investor upon its becoming aware of the occurrence of any of the following events in respect of a registration statement or related prospectus relating to an offering of Registrable Securities: (i) receipt of any request for additional information by the SEC or any other Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to the registration statement or related prospectus; (ii) the issuance by the SEC or any other Federal or state governmental authority of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; (iii) receipt of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; (iv) the happening of any event that makes any statement made in the Registration Statement or related prospectus of any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in the Registration Statement, related prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the related prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and (v) the Company's reasonable determination that a post-effective amendment to the Registration Statement would be appropriate; and the Company will promptly make available to the Investor any such supplement or amendment to the related prospectus. The Company shall not deliver to the Investor any Advance Notice during the continuation of any of the foregoing events.

  • Adjustments Upon Certain Events In the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an “Adjustment Event”), the Committee may, in its sole discretion, adjust any Shares or RSUs subject to this Agreement to reflect such Adjustment Event.

  • NOTICE OF CERTAIN EVENTS AFFECTING REGISTRATION; SUSPENSION OF RIGHT TO MAKE A PUT The Company shall promptly notify the Investor upon the occurrence of any of the following events in respect of a Registration Statement or related prospectus in respect of an offering of the Securities: (i) receipt of any request for additional information by the SEC or any other federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to the Registration Statement or related prospectus; (ii) the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Registration Statement or the initiation of any proceedings for that purpose; (iii) receipt of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Securities for sale in any jurisdiction or the initiation or notice of any proceeding for such purpose; (iv) the happening of any event that makes any statement made in such Registration Statement or related prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in the Registration Statement, related prospectus or documents so that, in the case of a Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the related prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and (v) the Company’s reasonable determination that a post-effective amendment or supplement to the Registration Statement would be appropriate, and the Company shall promptly make available to Investor any such supplement or amendment to the related prospectus. The Company shall not deliver to Investor any Put Notice during the continuation of any of the foregoing events in this Section 5.10.

  • Notice in Certain Events In case:

  • Indemnity in Certain Events The obligation of Borrower in respect of any sum due from Borrower to any Lender hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Lender of any sum adjudged to be so due in such Other Currency, such Lender may in accordance with normal lending procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Lender in the Original Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Lender against such loss.

Time is Money Join Law Insider Premium to draft better contracts faster.