Events of Default by PURCHASER. Any of the following shall be deemed an event of default by PURCHASER (“Event of Default”):
Events of Default by PURCHASER. In case one or more of the following Events of Default by the Purchaser shall occur and be continuing:
Events of Default by PURCHASER. Subject to the provisions of Section 11.1 hereof, anyone or more of the following shall constitute an Event of Default by the Purchaser hereunder:
Events of Default by PURCHASER. The occurrence of any of the following at or prior to Closing shall be an “Event of Default” by PURCHASER under this Agreement upon (30) days prior written notice to PURCHASER:
Events of Default by PURCHASER. The occurrence of any of the following events shall be deemed a default in the performance of this Agreement (a “Purchaser Event of Default”):
Events of Default by PURCHASER. If any of the following events should occur (each herein individually referred to as an "Event of Default"), Seller may declare the entire unpaid principal on this Note, immediately due and payable, by notice in writing to IMSI, without any other presentment, demand, protest or other notice of any kind of character, all of which are hereby expressly waived, anything herein to the contrary notwithstanding:
Events of Default by PURCHASER. The Purchaser shall, at Lender’s option, be in default under this Agreement upon the happening of any of the following events or conditions (each, an “Event of Default”): (a) the failure by the Purchaser to perform any of its obligations under this Agreement; (b) falsity or inaccuracy in any material respect or material breach by the Purchaser of any written warranty, representation or statement made or furnished to Lender by or on behalf of the Purchaser; (c) the entry of any judgment against the Purchaser placing a lien against or the making of any levy, seizure or attachment of or on the Schedule A Equipment that could (in Xxxxxx’s sole discretion) have a material adverse effect on the financial condition of the Purchaser or the ability of the Purchaser to perform its obligations; or (d) any willful act of Purchaser which causes the failure of Lender to have a perfected first priority security interest in the Schedule A Equipment; or (e) evidence received by Lender that the Purchaser may have directly or indirectly been engaged in any type of illegal activity which, in Lender’s discretion, might result in the forfeiture of any property of the Purchaser to any governmental entity, federal, state or local, provided, that, upon the occurrence of any of the foregoing, such event or condition shall not be considered an Event of Default unless and until Lender provides notice to Purchaser of its occurrence, and such Event of Default is not cured by Purchaser within ten (10) business days thereafter; provided further, upon the occurrence of the First Payment Completion, this Section 5 of this Amendment shall terminate in its entirety. Notwithstanding anything herein to the contrary, in the event that a breach of Purchaser’s representations or warranties, or its failure to perform any of its covenants or obligations is caused solely by Xxxxxx’s failure to provide a Placement Location (as defined in Section 9 of this Amendment) for any of the Equipment, such breach or failure to perform by Purchaser shall not constitute an Event of Default.
Events of Default by PURCHASER. A default will occur under any of the following circumstances:
Events of Default by PURCHASER. Each of the following is an Event of Default by Purchaser under this Master Trade Confirmation: (i) Purchaser fails to, or admits to Seller, its inability to, or its intention not to, perform any of its obligations hereunder; (ii) an Act of Insolvency occurs with respect to Purchaser; (iii) any representation made by Purchaser is incorrect or untrue in any material respect when made or repeated or deemed to have been made or repeated; or (iv) Purchaser shall fail to purchase Securities from Seller in accordance with its obligations under this Master Trade Confirmation, or fail to make any other payment due hereunder.
Events of Default by PURCHASER. Any of the following shall be deemed an event of default by PURCHASER (“Event of Default”): Any representation or warranty made by PURCHASER that proves to be false in any material respect; PURCHASER’s failure or refusal to perform, fulfill, or observe any provision in this Contract or State law, or PURCHASER’s breach of any covenant in this Contract; or If PURCHASER has a receiver appointed for all or any significant part of its assets, becomes insolvent, files a petition in bankruptcy or for reorganization, liquidation, or relief under any bankruptcy, insolvency, or debtor laws, or makes an assignment for the benefit of creditors, or if a petition is filed against it in bankruptcy or under insolvency or debtor laws.
