Common use of Company Events of Default - Termination by BPDB Clause in Contracts

Company Events of Default - Termination by BPDB. BPDB may give a notice of default under this Agreement (a “BPDB Notice of Default”) upon the occurrence of any of the following events (“Company Event of Default”) unless such Company Event of Default (i) results from a breach (a) by BPDB of this Agreement (b) by the GOB of the Implementation Agreement or the Guarantee; or (ii) occurs as a result of or during a Force Majeure Event pursuant to Section 16 during the period provided pursuant to Section 16.4: (a) any failure by the Company to maintain the Performance Security Deposit in full force and effect; (b) the failure of the Company to achieve the Financial Closing Date by the Required Financial Closing Date;