Definition of Events of Default. “Event of Default” means the occurrence of any of the following:
Definition of Events of Default. An "Event of Default" under this Bond Agreement shall mean any one or more of the following events:
Definition of Events of Default. The occurrence of any of the following events will constitute an event of default (an “Event of Default”) against the Borrower:
(a) any principal or interest amount due to CDC under Tranche E is unpaid on its due date and remains unpaid five (5) Working Days after written notification is sent to this effect by CDC to the Borrower;
(b) one of the covenants made by the Borrower in Article 6 (Covenants) of this agreement is not met and the Borrower has not remedied nor is about to remedy this default within thirty (30) days as from the notification sent by CDC to the Borrower requesting that the default be remedied (excluding, with respect to the abovementioned 30 days period, in case of a default caused by the fact that covenants pursuant to article 2 of the Common Undertakings have not been met);
(c) one of the essential representations or warranties made or given under this agreement is not observed or proves to be incorrect;
(d) any non-subordinated debt of the Borrower resulting from a loan of sums of money totalling more than fifteen million two hundred thousand euros (€15,200,000) is declared due and payable in advance as a result of the existence of a breach on the part of the Borrower;
(e) a final judgment against the Borrower ordering the Borrower to pay a sum greater than seventy six million two hundred thousand euros (€76,200,000) and the Borrower does not make the payment within thirty (30) days;
(f) voluntary withdrawal from the operation of the Second Park for a period greater than six (6) consecutive months except in the event of closure (i) for seasonal reasons, or (ii) for rebuilding, repair or maintenance; and
(g) as of 1 January 2013, Euro Disney S.C.A. or any of its affiliates contracts any indebtedness from a bank (the “Envisaged Debt”) without the prior consent of CDC and the effect of contracting such indebtedness renders the ratio Debt/Consolidated Equity Capital superior to 1 at the date of making the funds available; it being specified that the Borrower may remedy this Event of Default within a 30-day period starting as of the date of notification of the Borrower.
Definition of Events of Default. Any of the following specified events shall constitute an event of default (each an "Event of Default") under this Agreement with respect to Pledgor:
(a) the failure of Pledgor to pay when due any amount under the Note;
(b) any representation, warranty or statement made or deemed to be made by Pledgor under or in connection with this Agreement, the Stock Purchase Agreement or the Rights Agreement shall have been false or misleading in any material respect when made or deemed to have been made and on the date on which such misrepresentation or breach is discovered or determined; provided, that, no such misrepresentation or breach shall constitute an Event of Default hereunder if such misrepresentation or breach is cured within thirty (30) days after the earlier of (i) its discovery or determination by Pledgor and (ii) notice to Pledgor by Pledgee and the costs of effecting such cure are not material;
(c) Pledgor shall breach or fail to observe or perform any covenant or agreement set forth in the Documents;
(d) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking (A) relief in respect of the Pledgor, or of a substantial part of his property or assets, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (B) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Pledgor, or for a substantial part of his property or assets, or (C) the winding-up or liquidation of the Pledgor; and such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; or
(e) the Pledgor shall (A) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (B) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in paragraph (i) above, (C) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for such party or for a substantial part of its property or assets, (D) file an answer admitting the material allegations of a pe...
Definition of Events of Default. Any of the following specified events shall constitute an “Event of Default” under this Agreement:
(a) the occurrence of any Event of Default (as such term is defined in any of the Purchase Agreement);
(b) any representation, warranty or statement made or deemed to be made by any Pledgor under or in connection with this Agreement shall have been false or misleading in any material respect when made or deemed to be made; or
(c) any Pledgor shall fail to observe or perform any covenant or agreement set forth in this Agreement.
Definition of Events of Default. Any of the following specified events shall constitute an Event of Default under this Agreement: 1.
(a) the existence or occurrence of any Event of Default as provided under the terms of the Credit Agreement; 2.
(b) any representation, warranty or statement made or deemed to be made by SCI or any of its officers under or in connection with this Agreement shall have been incorrect in any material respect when made or deemed to be made; 3.
(c) SCI shall fail to observe or perform any covenant or agreement set forth in Section 6 (including Section 6.1), Section 1 or Section 17; or 4.
(d) SCI shall fail to observe or perform any covenant or agreement set forth in this Agreement, other than those referred to in paragraph (c) above, and such failure remains unremedied until the first to occur of the date forty-five (45) days after an Executive Officer first obtains knowledge thereof or the date thirty (30) days after written notice thereof shall have been given to SCI by any Bank. 7.
Definition of Events of Default. Any of the following specified events shall constitute an Event of Default under this Agreement: 1.
(a) the existence or occurrence of any Event of Default as provided under the terms of the Credit Agreement; 2.
(b) any representation, warranty or statement made or deemed to be made by SCI or any of its officers under or in connection with this Agreement shall have been incorrect in any material respect when made or deemed to be made; 3.
(c) SCI shall fail to observe or perform any covenant or agreement set forth in Section 6 (including Section 6.1), Section 15 or Section 17; or 4.
Definition of Events of Default. Any of the following specified events shall constitute an Event of Default under this Agreement: 4.the existence or occurrence of any Event of Default as provided under the terms of the Credit Agreement; 5.any representation, warranty or statement made or deemed to be made by the Pledgor or any of its officers under or in connection with this Agreement shall have been incorrect in any material respect when made or deemed to be made; 6.the Pledgor shall fail to observe or perform any covenant or agreement set forth in Section 6 (including Section 6.1), Section 15 or Section 17; or 7.the Pledgor shall fail to observe or perform any covenant or agreement set forth in this Agreement, other than those referred to in paragraph(c) above, and such failure remains unremedied until the first to occur of the date forty-five (45) days after an Executive Officer first obtains knowledge thereof or the date thirty (30) days after written notice thereof shall have been given to the Pledgor by any Bank. 7.
Definition of Events of Default. Any of the following specified events shall constitute an Event of Default under this Assignment: (a)the existence or occurrence of any Event of Default as provided under the terms of the Credit Agreement; (b)any representation, warranty or statement made or deemed to be made by any Assignor or any of their respective officers under or in connection with this Assignment (other than the representation and warranty in Section 5(e) of this Assignment) shall have been incorrect in any material respect when made or deemed to be made; (c)any Assignor shall fail to observe or perform any covenant or agreement set forth in Section 7(c) and in Section 8; or (d)(i) any Assignor shall fail to observe or perform any covenant or agreement set forth in this Assignment, other than in Section 5(e) or those referred to in paragraph (c) above, and any such failure remains unremedied until the first to occur of the date forty-five (45) days after an Executive Officer first obtains knowledge thereof or the date thirty (30) days after written notice thereof shall have been given to the Assignor by the Agent, or (ii) if the representation and warranty made by the Assignor in Section 5(c) of this Assignment shall have been incorrect in any material respect when made or deemed to be made, and continues to be incorrect in any material respect until the first to occur of the date forty-five (45) days after an Executive Officer first obtains knowledge thereof or the date thirty (30) days after written notice thereof shall have been given to the Assignor by any Bank, the Agent or any Co-Agent.
Definition of Events of Default. Any of the following specified events shall constitute an “Event of Default” under this Agreement:
(a) the occurrence of any Event of Default (as such term is defined in any of the Debenture);
(b) any representation, warranty or statement made or deemed to be made by any Pledgor under or in connection with this Agreement shall have been false or misleading in any material respect when made or deemed to be made; or
(c) any Pledgor shall fail to observe or perform any covenant or agreement set forth in this Agreement in any material respect.
