EVENTS OF DEFAULT; DEFAULTS Sample Clauses

EVENTS OF DEFAULT; DEFAULTS. The term "Default" as used herein shall mean any one or more of the events set forth below prior to the expiration of the applicable notice or grace period, if any. The term "Event of Default" wherever used in this Agreement shall mean any one or more of the events set forth below after the expiration of the applicable notice or grace period, if any.
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EVENTS OF DEFAULT; DEFAULTS. The occurrence of any of the following events shall constitute an "Event of Default" hereunder:
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EVENTS OF DEFAULT; DEFAULTS. The Term "DEFAULT" as used herein shall mean any one or more of the events set forth below prior to the expiration of the applicable notice or grace period, if any. The term "EVENT OF DEFAULT" wherever used in this Agreement shall mean any one or more of the events set forth below after the expiration of the applicable notice of grace period, if any.
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EVENTS OF DEFAULT; DEFAULTS. The occurrence of any one or more of the following events shall constitute an “Event of Default” hereunder:‌
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EVENTS OF DEFAULT; DEFAULTS. This Mortgage is on the STATUTORY CONDITION and upon the further condition that there shall exist no Event of Default under the Loan Agreement or the Note, the occurrence of any of which, beyond any applicable grace period, shall constitute an “Event of Default” hereunder. The Borrower agrees to notify the Bank promptly in writing of the occurrence of any Event of Default.
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EVENTS OF DEFAULT; DEFAULTS. Section 6.1.1
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EVENTS OF DEFAULT; DEFAULTS. The occurrence of any of the following events shall constitute an "event of default" hereunder: (a) Failure by the Issuer to pay interest on any Bond when due and payable. (b) Failure by the Issuer to pay any principal or premium on any Bond when due and payable, whether at stated maturity or by acceleration or pursuant to any redemption requirements. (c) Failure by the Borrower to make any Loan payment or Additional Payment when due and payable. (d) Failure by the Borrower or the Issuer to observe or perform any other covenant, condition or agreement on its part to be observed or performed in this Agreement or the Bonds, for a period of 30 days after written notice of such failure such have been given to the Borrower by the Trustee or the Issuer or to the Issuer by the Trustee, except that violation of Section 1004 (Borrower not to adversely affect tax-exempt status of interest on the Bonds) shall not constitute a default or event of default hereunder. (e) Receipt by the Trustee of notice from the Bank that an "Event of Default" within the meaning of the Reimbursement Agreement has occurred. (f) The Letter of Credit shall be revoked or terminated for any reason prior to its stated expiration date and a Substitute Credit Facility shall not have been issued within 45 days after such revocation or termination, or the Bank shall wrongfully refuse to honor the Letter of Credit. (g) The material inaccuracy or incompleteness of any material representation or warrant made in writing by or on behalf of the Borrower in connection with the transactions contemplated hereby. (h) The occurrence of a Bankruptcy.
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Related to EVENTS OF DEFAULT; DEFAULTS

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • Events of Defaults If one or more of the following events ("Events of Default") shall have occurred and be continuing:

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Events of Default; Waiver The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.

  • Waiver of Defaults and Events of Default (a) The Noteholders of a majority of the Note Balance of the Controlling Class may waive any Default or Event of Default, except an Event of Default (i) in the payment of principal of or interest on any of the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) or (ii) in respect of a covenant or provision of this Indenture that cannot be amended, supplemented or modified without the consent of all Noteholders.

  • Events of Default Any of the following shall constitute an Event of Default:

  • Notice of Defaults and Events of Default As soon as possible and in any event within ten (10) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto;

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

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