EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 16.1 An "Event of Default" shall be deemed to have occurred under this Agreement upon: (a) the cessation of your business or the calling of a meeting of your creditors; (b) your failure to meet your debts as they mature; (c) the commencement by or against you of any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceedings under any federal or state law; (d) breach by you of any representation, warranty or covenant contained herein; or (e) your failure to pay any Obligation when due.
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Samples: Notification Factoring Agreement (Donnkenny Inc), Notification Factoring Agreement (Dac Technologies Group International Inc), Notification Factoring Agreement (Donnkenny Inc)
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 16.1 An "Event of Default" shall be deemed to have occurred under this Agreement upon: (a) the cessation of your business or the calling of a meeting of your creditors; (b) your failure to meet your debts as they mature; (c) the commencement by or against you of any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceedings under any federal or state law; (d) breach by you of any representation, warranty or covenant contained herein; or (e) your failure to pay any Obligation when due; or (f) the occurrence of an event of default under the Financing Agreement.
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