Definition of Event of Default. Any one or more of the following events shall constitute an “Event of Default”:
Definition of Event of Default. The Loan, costs and any other money owing to the Lender under this Agreement will immediately become payable upon demand by the Lender or, unless otherwise waived in writing by the Lender, in any of the following events:
Definition of Event of Default. The City shall be deemed to be in default hereunder upon the happening of any of the following events of default (each, an “Event of Default”):
Definition of Event of Default. The term "Event of Default" shall mean and refer to the occurrence of any one or more of the circumstances.
Definition of Event of Default. The occurrence of any one or more of the following events shall constitute an "EVENT OF DEFAULT" hereunder:
Definition of Event of Default. “Event of Default” means, wherever used herein, any of the following events (whatever the reason for such event and whether such event shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or regulation of any administrative or governmental body):
Definition of Event of Default. “Event of Default” as to CIWW or any Member Agency means:
Definition of Event of Default. The County shall be deemed to be in default hereunder upon the happening of any of the following events of default (each, an “Event of Default”):
Definition of Event of Default. Each of the following events and conditions is hereby defined to be an “Event of Default” for purposes of this Note: (i) the insolvency of the Borrower; (ii) the commission of any act of bankruptcy by the Borrower; (iii) the execution by the Borrower of a general assignment for the benefit of creditors; (iv) the filing by or against the Borrower of a petition in bankruptcy or any petition for relief under the federal bankruptcy act or the continuation of such petition without dismissal for a period of ninety (90) days or more; (v) the appointment of a receiver or trustee to take possession of the property or assets of the Borrower; or (vi) if the Borrower materially fails to perform any term, covenant or agreement contained in the Note or the Note Purchase Agreement, and does not cure such material breach within thirty (30) days of written receipt of notice from the Lender describing such material breach, or does not cure such material breach within any further extended cure period approved by the Lender after the Borrower has made a good faith effort to cure such material breach and requested an extension of the original thirty (30)-day cure period for such material breach that was approved by the Lender. Notwithstanding the foregoing, with respect to a payment default, it shall be an “Event of Default” if the Borrower fails to cure such payment default within seven (7) Business Days of written receipt of notice from the Lender describing such breach.
Definition of Event of Default. A. Upon the occurrence of any Default by either party hereto (hereinafter referred to as the "defaulting party") under Section 16.01A, B, and C, such Default shall immediately and automatically, without the necessity of any notice to the defaulting party, be deemed an "Event of Default" under this Agreement.
