Common use of EVENT OF DEFAULT; ENFORCEMENT OF SECURITY INTEREST Clause in Contracts

EVENT OF DEFAULT; ENFORCEMENT OF SECURITY INTEREST. 6.01 Any one or more of the following events (regardless of the reason therefor) shall constitute an "Event of Default" hereunder: (a) Any default or event of default shall occur under any of the Debenture or any other Finance Documents. (b) Any Debtor shall fail or neglect to perform, keep or observe any provision of this Agreement or any other Finance Document and the same shall remain unremedied for a period of ten (10) days after notice is given to such Debtor by the Secured Party. (c) The Secured Party shall fail to have an enforceable first priority lien on and security interest in the Collateral. (d) Any Debtor files a bankruptcy petition, a bankruptcy petition is filed against any Debtor which remains undismissed or unstayed for 30 consecutive days, or any Debtor makes a general assignment for the benefit of creditors.

EVENT OF DEFAULT; ENFORCEMENT OF SECURITY INTEREST. Section 6.01 Any one or more of the following events (regardless of the reason therefor) shall constitute an "Event of Default" hereunder: (a) Any default or event of default shall occur under any of the Debenture Note or any other Finance Documents. (b) Any Debtor shall fail or neglect to perform, keep or observe any provision of this Agreement or any other Finance Document and the same shall remain unremedied for a period of ten (10) days after notice is given to such Debtor by the Secured Party. (c) The Secured Party shall fail to have an enforceable first priority lien on and security interest in the Collateral. (d) Any Debtor files a bankruptcy petition, a bankruptcy petition is filed against any Debtor which remains undismissed or unstayed for 30 consecutive days, or any Debtor makes a general assignment for the benefit of creditors.

EVENT OF DEFAULT; ENFORCEMENT OF SECURITY INTEREST. 6.01 Any one or more of the following events (regardless of the reason therefor) shall constitute an "Event of Default" hereunder: (a) Any default or event of default shall occur under any of the Debenture Debentures, Preferred or any other Finance Documents. (b) Any Debtor shall fail or neglect to perform, keep or observe any provision of this Agreement or any other Finance Document and the same shall remain unremedied for a period of ten (10) days after notice is given to such Debtor by the Secured Party. (c) The Secured Party shall fail to have an enforceable first priority lien on and security interest in the Collateral. (d) Any Debtor files a bankruptcy petition, a bankruptcy petition is filed against any Debtor which remains undismissed or unstayed for 30 consecutive days, or any Debtor makes a general assignment for the benefit of creditors.

EVENT OF DEFAULT; ENFORCEMENT OF SECURITY INTEREST. 6.01 Any one or more of the following events (regardless of the reason therefor) shall constitute an "Event of Default" hereunder: (a) Any default or event of default shall occur under any of the Debenture Notes or any other Finance Documents. (b) Any Debtor shall fail or neglect to perform, keep or observe any provision of this Agreement or any other Finance Document and the same shall remain unremedied for a period of ten (10) business days after notice is given to such Debtor by the Secured Party. (c) The Secured Party shall fail to have an enforceable first priority lien on and security interest in the Collateral. (d) Any Debtor files a bankruptcy petition, a bankruptcy petition is filed against any Debtor which remains undismissed or unstayed for 30 consecutive days, or any Debtor makes a general assignment for the benefit of creditors.