Collection Agent Default Sample Clauses

Collection Agent Default. The occurrence of any one or more of the following events shall constitute a Collection Agent Default:
AutoNDA by SimpleDocs
Collection Agent Default. 23 Section 6.5 Indemnities by the Collection Agent............................................ 25
Collection Agent Default. The occurrence of any one or ------------------------ more of the following events shall constitute a Collection Agent default (each, a "Collection Agent Default"): ------------------------
Collection Agent Default. At any time following the Closing Date, upon the occurrence of any one or more of the following events the Administrative Agent may, or at the direction of the Required Lenders shall, by notice to the Borrower and the Collection Agent, declare a Collection Agent Default (each, a “Collection Agent Default”):
Collection Agent Default. 49 SECTION 6.08. Responsibilities of the Transferor and the Sellers ...........50 SECTION 6.09. Grant of License .............................................50
Collection Agent Default. 55 SECTION 6.5. RESPONSIBILITIES OF THE TRANSFEROR AND THE SELLER. 56 ARTICLE VII 57 TERMINATION EVENTS 57 SECTION 7.1. TERMINATION EVENTS. 57 SECTION 7.2. TERMINATION. 59
Collection Agent Default. 44 SECTION 6.5 Responsibilities of the Transferor and each Seller..............................................46 SECTION 6.6 Collection Agent Indemnification of Indemnified Parties.................................46 SECTION 6.7 Maintenance of Property; Insurance..................46 SECTION 6.8
AutoNDA by SimpleDocs
Collection Agent Default. A Collection Agent Default shall occur; or

Related to Collection Agent Default

  • Servicer Event of Default Any one of the conditions or circumstances enumerated in Section 4.07 with respect to the Servicer.

  • Master Servicer Events of Default Each of the following shall constitute a "Master Servicer Event of Default":

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

  • Servicing Default If any one of the following events ("Servicing Default") shall occur and be continuing:

  • Action Upon Certain Failures of the Master Servicer and Upon Event of Default In the event that a Responsible Officer of the Trustee shall have actual knowledge of any action or inaction of the Master Servicer that would become an Event of Default upon the Master Servicer’s failure to remedy the same after notice, the Trustee shall give prompt written notice thereof to the Master Servicer.

  • Servicer Events of Default (a) The following events shall each constitute a "Servicer Event of Default" hereunder:

  • Action upon Certain Failures of the Servicer and upon Event of Default In the event that the Trustee shall have actual knowledge of any failure of the Servicer specified in Section 8.01(a) or (b) which would become an Event of Default upon the Servicer's failure to remedy the same after notice, the Trustee shall give notice thereof to the Servicer. If the Trustee shall have knowledge of an Event of Default, the Trustee shall give prompt written notice thereof to the Certificateholders.

  • Duties and Responsibilities of the Trustee; During Default; Prior to Default With respect to the Holders of any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (which has not been cured or waived) the Trustee shall exercise with respect to such series of Securities such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that

  • Other Payment Default The Borrower shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan or Reimbursement Obligation or the payment of any other Obligation, and such default shall continue for a period of three (3) Business Days.

  • Non-Monetary Default Failure in the performance of any of the agreements, conditions, covenants, provisions or stipulations contained in the Loan Documents which is not cured within one hundred twenty (120) days from written notice thereof from the Lender to the Borrower.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!