Defaults; Events of Default. The Administrative Agent shall not be deemed to have knowledge of the occurrence of a Default or an Event of Default (other than the non-payment of principal of or interest on Loans or of fees) unless the Administrative Agent has received notice from a Lender or the Company specifying such Default or Event of Default and stating that such notice is a "Notice of Default." In the event that the Administrative Agent receives such a notice of the occurrence of a Default or Event of Default, the Administrative Agent shall give prompt notice thereof to the Lenders. In the event of a payment Default or Event of Default, the Administrative Agent shall give each Lender prompt notice of each such payment Default or Event of Default.
Defaults; Events of Default. The following shall, if any requirement for notice or lapse of time or both has not been met, constitute defaults hereunder, and, if such conditions have been met, constitute “Events of Default” hereunder:
(a) The failure of Lessee to perform or observe any of Lessee’s covenants or agreements hereunder concerning the payment of Rent for a period often (10) days after written notice thereof, provided, however, that Lessee shall not be entitled to such notice if Lessor has given notice to Lessee of one or more previous such failures within a twelve-month period, in which event such failure shall constitute an Event of Default hereunder upon the expiration of ten (10) days after such payment was due;
(b) The failure of Lessee, either (i) to maintain the insurance required hereunder in full force and effect, or (ii) to deliver an estoppel certificate to Lessor within the time provided in Section 22.0 below) for a period of ten (10) days after written notice thereof, provided, however, that Lessee shall not be entitled to such notice if Lessor has given notice to Lessee of one or more previous such failures within a twelve-month period, in which event such failure shall constitute an Event of Default hereunder upon the expiration of ten ( I 0) days after such default;
(c) The execution by Lessee of any assignment, sublease or other agreement without the prior written approval of Lessor as required by Section 8.0;
(d) The failure of Lessee to perform or observe any of Lessee’s other covenants or agreements hereunder for a period of thirty (30) days after written notice thereof (provided that, in the case of defaults not curable in thirty (30) days through the exercise of reasonable diligence, such 30-day period shall be extended so long as Lessee commences cure within such 30-day period and thereafter prosecutes such cure to completion with reasonable diligence, but such extended cure period shall not in any event exceed ninety (90) days after Lessor’s initial notice to Lessee); and
(e) if the leasehold hereby created shall be taken on execution, or by other process of law, or if any assignment shall be made of Lessee’s property for the benefit of creditors, or if a receiver, guardian, conservator, trustee in bankruptcy or similar officer shall be appointed to take charge of all or any part of Lessee’s assets by a court of competent jurisdiction; or if a petition is filed by Lessee under any bankruptcy or insolvency law; or if a petition is filed against Lessee ...
Defaults; Events of Default. Promptly upon any Senior Officer obtaining knowledge of any condition or event which constitutes a breach or violation of any of the covenants, representations or conditions of this Agreement, an Event of Default or a Default, each Credit Party shall deliver to the Administrative Agent an Officer’s Certificate specifying (a) the nature and period of existence of any such claimed Event of Default, Default, condition or event, (b) the notice given or action taken by such Person in connection therewith, and (c) what action such Credit Party has taken, is and proposes to take with respect thereto.
Defaults; Events of Default. The occurrence of any of the following events is defined as and declared to be and does constitute an Event of Default hereunder:
Defaults; Events of Default any Default or Event of Default;
Defaults; Events of Default. Promptly upon any Responsible Officer obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Default, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate specifying (A) the nature and period of existence of any such claimed default, Event of Default, Default, condition or event, (B) the notice given or action taken by such Person in connection therewith and (C) what action such Credit Party has taken, is and proposes to take with respect thereto.
Defaults; Events of Default. If any of the following events occurs with respect to a Bond or Bonds, it is hereby defined as and declared to be and to constitute a default or an Event of Default:
(a) Failure to make payment of any installment of interest upon any Bond after such payment has become due and payable;
(b) Failure to make payment of the principal of and premium, if any, on any Bond at the stated maturity thereof or upon the unconditional redemption thereof;
(c) A failure to pay an amount due pursuant to Article IV hereof when the same shall have become due and payable with respect to any Bond;
(d) The occurrence of an “Event of Default” under the Agreement affecting any Bonds;
(e) Failure on the part of the Issuer to perform or observe any of its covenants, agreements or conditions in this Indenture or in the Bonds and failure to remedy the same after notice thereof pursuant to Section 9.10 hereof;
(f) While the Bonds are supported by a Letter of Credit, the Trustee shall have received written notice from the Bank of the occurrence of an event of default under the Reimbursement Agreement, and requesting that the Trustee declare an acceleration of such Bonds pursuant to Section 9.02 hereof; and
(g) While the Bonds are supported by a Letter of Credit, the Trustee shall receive written notice from the Bank within ten (10) calendar days after an interest drawing under the Letter of Credit, or as otherwise provided in the Reimbursement Agreement, that the Bank has not reinstated the amount so drawn.
Defaults; Events of Default. The following shall constitute an "event of default" under this Agreement:
(a) Default by Lakes Nipmuc in payment or performance of the Obligations when and as the same shall become due;
(b) Failure by the Guarantor to perform or observe any other covenant, agreement or condition on his part contained in this Agreement, or under the Development Agreement and/or the Management Agreement;
(c) The material inaccuracy or incompleteness of any material representation or warranty made in writing by or on behalf of the Guarantor or Lakes Nipmuc in connection with the transactions contemplated by this Agreement or by the Development Agreement and/or the Management Agreement;
(d) The Guarantor shall terminate or dissolve; or the Guarantor shall become insolvent or shall generally not be paying its debts as they become due, or shall file a voluntary petition under the Bankruptcy Reform Act of 1978, or any amendatory or successor Federal legislation (the "Bankruptcy Code"), or shall admit in writing its inability to pay its debts as they become due, or shall file an answer admitting the jurisdiction of the court and the material allegations of any involuntary petition filed pursuant to the Bankruptcy Code, or an order for relief under the Bankruptcy Code shall be entered; or the Guarantor shall make an assignment or arrangement or enter into a trust indenture for the benefit of its creditors, or shall apply for or consent to the appointment of any receiver, custodian or trustee for all or a substantial part of its property, or any such receiver, custodian or trustee shall be appointed and shall not be discharged within 60 days after the date of such appointment; or the Guarantor shall suffer any judgment in excess of $10,000 to be entered against it, or any writ of attachment or execution or any similar process to be issued or levied against all or a substantial part of its other property, which judgment, writ or process is not discharged, released, stayed, bonded or vacated within 30 days after its entry, issue or levy. Notwithstanding any other term or provision in this Guaranty to the contrary, the events set forth in clauses 7(a) and (b) above shall not become "events of default" under this Guaranty until the same have been resolved pursuant to the dispute resolution provisions contained in the Development Agreement and the Management Agreement, and if arbitration is demanded, issuance of an arbitration award against the Lakes Nipmuc and/or the Guarantor, as appl...
Defaults; Events of Default. (a) Since __________ (the date of the last similar certification), and except as set forth in Appendix I, no Default or Event of Default has occurred.
(b) If a Default or Event of Default has occurred since __________ (the date of the last similar certification), the Borrowers have taken or propose to take those actions with respect to such Default or Event of Default as described on said Appendix I. (Note, if no Default or Event of Default has occurred, insert “Not Applicable”.)
Defaults; Events of Default. As soon as practicable and in any event within five days after a Responsible Officer of Borrower has actual knowledge of the occurrence of a Default or an Event of Default, a statement of a Responsible Officer of Borrower setting forth the details of such Default or Event of Default and the action that Borrower has taken and proposes to take with respect thereto;
