Event of Default; Suspension of Enrollment of Loans/Payment of Claims/Termination of Agreement Sample Clauses

Event of Default; Suspension of Enrollment of Loans/Payment of Claims/Termination of Agreement. Notwithstanding anything to the contrary, the MSF’s obligation to enroll any Loans or pay any Claims under this Agreement shall automatically be suspended and each may be terminated, and this Agreement may be terminated by the MSF Fund Manager, at its sole discretion, upon the occurrence, and during the continuance, of any one or more of the following events (each, an “Event of Default”), unless a written waiver is provided by the MSF Fund Manager, in its sole discretion:
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Event of Default; Suspension of Enrollment of Loans/Payment of Claims/Termination of Agreement. Notwithstanding anything to the contrary, the MSF’s obligation to enroll any Loans or pay any Claims under this Agreement shall automatically be suspended and each may be terminated, and this Agreement may be terminated by the MSF Fund Manager, at its sole discretion, upon the occurrence, and during the continuance, of any one or more of the following events (each, an “Event of Default”), unless a written waiver is provided by the MSF Fund Manager, in its sole discretion: any representation or covenant made by the Lender in support of this Agreement shall prove incorrect at the time that such representation was made in any material respect, including, but not limited to, any information provided in support of any request to enroll and Loan, file a Claim, or with respect to any report of the Lender hereunder, any material failure by the Lender to comply with any of the terms, covenants and conditions on its part to be performed under this Agreement, including without limitation, failure to submit reports as required hereunder, which, if considered curable by the MSF is not cured by the Lender to the satisfaction of the MSF Fund Manager within the thirty (30) calendar days; the Lender is in default, violation, breach, or non-compliance, of any kind or nature under any agreement or requirement, including submission of reports, with the MSF, or for any department or agency within the State, federal, local or any governmental agency, or the MEDC, which, if considered curable by the MSF is not cured by the Lender to the satisfaction of the MSF Fund Manager within the thirty (30) calendar days; or any voluntary bankruptcy or insolvency proceedings are commenced by, or against, the Lender, with any such proceedings against the Lender not being set aside within sixty (60) calendar days from the date commenced.
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Related to Event of Default; Suspension of Enrollment of Loans/Payment of Claims/Termination of Agreement

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