Events of Default; Default. Event of Default" in this Agreement means any one of the events set forth below and "Default" means any Event of Default without regard to any lapse of time or notice.
Events of Default; Default. No event shall have occurred and be continuing or would result from the consummation of the transactions and borrowing contemplated hereby that would constitute an Event of Default or a Default.
Events of Default; Default. If a Party shall fail to perform its obligations hereunder in any material respect, then such failure shall not constitute a default hereunder unless such Party shall have failed to cure such default within five (5) days after receipt of written notice of a payment default, or thirty (30) days after such Party has obtained knowledge or received written notice of any other default, from the non-defaulting Party; provided, however, that if (i) the nature of the defaulted obligation or obligations other than a payment default (for which no additional cure is permitted) is such that more than thirty (30) days are required, in the exercise of commercially reasonable diligence, for performance of such obligation(s) and (ii) the existence of such breach has not resulted in and would not, after considering the nature of the cure, be reasonably expected to give rise to a circumstance requiring more timely action to prevent any loss of rights or damage or injury to persons or property, or otherwise have a material adverse effect on the Common Facilities, then such non-performing Party shall not be in default if it commences such performance within such thirty (30)-day period and thereafter continuously pursues the same to completion with commercially reasonable diligence, such extended period not to exceed ninety (90) days, including the initial cure period. (A) A Party’s failure to comply with the cure periods set forth above, or (B) the occurrence of the following events with respect to a Party, including (1) any filing of a petition or action under any bankruptcy law, (2) any affirmative act of insolvency (including the consent to the entry of an order for relief in an involuntary case, consent to the appointment of a receiver, any assignment for the benefit of creditors, or the admission of its inability to pay its debt as they become due), (3) the filing of an involuntary petition under any bankruptcy law that is not dismissed or stayed within sixty (60) days thereafter, or (4) the appointment of a receiver or trustee, which appointment is not dismissed or stayed within sixty (60) days thereafter shall constitute an “Event of Default”. Notwithstanding any other provision to the contrary in this Agreement, Developer’s obligations under this Section 8.1 shall commence as of the Effective Date. Co-Tenancy, Common Facilities and Easement Agreement (Xxxxx Wind Energy Center, LLC) 1557237.09-WASSR01A - MSW
Events of Default; Default. “Event of Default” in this Indenture means any one of the events set forth below and “default” means any Event of Default without regard to any lapse of time or notice.
Events of Default; Default. If a Project Partnership shall fail to perform its obligations hereunder in any material respect (an "Event of Default"), then such Project Partnership shall not be in Default hereunder unless such Project Partnership shall have failed to cure such Event of Default within thirty (30) days after such Project Partnership has received written notice of such Event of Default ("Notice of Default") from a non-defaulting Project Partnership or the Operator; provided, however, that if the nature of such obligation or obligations is such that more than thirty (30) days are required, in the exercise of commercially reasonable diligence, for performance of such obligation(s), then such Project Partnership shall not be in Default if it commences such performance within such thirty (30) day period and thereafter pursues the same to completion with commercially reasonable diligence. A Project Partnership shall be in "Default" hereunder if its Event of Default is not cured within the time set forth above in this Section.
Events of Default; Default. Event(s) of Default," or "Default", whenever used herein, means one of the following events (whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Events of Default; Default. The occurrence of any of the following events will constitute an event of default under this Guaranty:
Events of Default; Default. Any of the following from and after the Closing Date shall constitute an event of default:
Events of Default; Default. Event of Default" in this Indenture means any one of the events set forth below with respect to the Bonds (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and "Default" means any event with respect to the Bonds which with the lapse of time or notice or both would be an Event of Default.
Events of Default; Default. The following shall each constitute a default by a Co-Tenant under this Agreement (an “Event of Default”):
