Events of Defaults Remedies. 2.1 The occurrence of an Event of Default under the Loan Agreement shall constitute a default by Borrower under this Note (hereinafter an "Event of Default").
Events of Defaults Remedies. 2.1 The occurrence of any one of the following events shall constitute a default by Borrower under this Note (hereinafter an "Event of Default"): (a) if Borrower fails to pay to FINOVA an installment of principal or interest hereunder when due; (b) if Borrower fails to pay any of its Obligations (as defined in the Loan Agreement) to FINOVA when due and payable or declared due and payable; (c) if Borrower fails or neglects to perform, keep or observe any term, provision, covenant, warranty or representation contained in this Note or the Loan Agreement (other than as referred to in (a) or (b) of this paragraph), which is required to be performed, kept or observed by Borrower or if a default occurs under the Loan Agreement, subject to any applicable cure periods as set forth in the Loan Agreement; or (d) the occurrence of a default or an event of default under any agreement, instrument or document heretofore, now or at any time or times hereafter delivered to FINOVA by Borrower or by any guarantor of part or all of Borrower's Obligations to FINOVA.
Events of Defaults Remedies. (a) The occurrence of any of the following events will be deemed to be an “Event of Default” under this Forbearance Agreement or any of the Loan Documents: (i) any event of default as defined under any of the Loan Documents, the terms and conditions of which are incorporated herein by reference as if set forth herein at length; or (ii) the breach of or default in the performance of any term, covenant or condition set forth in this Forbearance Agreement.
Events of Defaults Remedies. 2.1 The occurrence of any one of the following events shall constitute a default by Borrower under this Note (hereinafter an "Event of -------- Default"): (a) if Borrower fails to pay to FINOVA an installment of principal or ------- interest hereunder when due and the continuance thereof for a period of five (5) days after notice from FINOVA; (b) if Borrower fails to pay any of its Obligations (as defined in the Security Agreement) to FINOVA when due and payable or declared due and payable and the continuance thereof for a period of five (5) days after notice from FINOVA; (c) if Borrower fails or neglects to perform, keep or observe any term, provision, covenant, warranty or representation contained in the Security Documents (other than as referred to in (a) or (b) of this paragraph), which is required to be performed, kept or observed by Borrower or if a default occurs under the Security Agreement, and the continuance thereof for a period of fifteen (15) days after notice from FINOVA; or (d) the occurrence of a default or an event of default under any Security Agreement, instrument or document heretofore, now or at any time or times hereafter delivered to FINOVA by Borrower or by any guarantor of part or all of Borrower's Obligations to FINOVA.
Events of Defaults Remedies. 2.1 Upon the occurrence of any Event of Default, in addition to FINOVA's right to charge interest on the Obligations at the Default Rate: (a) at the option of FINOVA, the entire unpaid amount of all of the Obligations, including without limitation the Termination Fee and, if applicable, the Make Whole Premium, shall become immediately due and payable without demand, notice or legal process of any kind; (b) FINOVA may, at its option, without demand, notice or legal process of any kind, exercise any and all rights and remedies granted to it by the Loan Agreement or by any other agreement now or hereafter existing between FINOVA and Borrower or between FINOVA and any guarantor of part or all of Borrower's liabilities to FINOVA; and (c) FINOVA may at its option exercise from time to time any other rights and remedies available to it under the Uniform Commercial Code or other law of the State of Arizona.
Events of Defaults Remedies. 3.1 Upon the occurrence of any Event of Default, in addition to FINOVA's right to charge interest on the Obligations at the Default Rate: (a) at the option of FINOVA, the entire unpaid amount of all of the Obligations, including, without limitation, the Termination Fee, shall become immediately due and payable without demand, notice or legal process of any kind; (b) FINOVA may, at its option, without demand, notice or legal process of any kind, exercise any and all rights and remedies granted to it by the Loan Agreement or by any other agreement now or hereafter existing between FINOVA and Borrower or between FINOVA and any guarantor of part or all of Borrower's liabilities to FINOVA; and (c) FINOVA may at its option exercise from time to time any other rights and remedies available to it under the Uniform Commercial Code or other law of the State of Arizona.
Events of Defaults Remedies. 9.1 The occurrence of any one of the following events shall constitute a default by Borrower under this Note (hereinafter an “Event of Default”):
Events of Defaults Remedies. Each of the following events shall constitute an "Event of Default" under this Agreement:
Events of Defaults Remedies. Events of Default. The occurrence or existence of any one or more of the following events or conditions shall constitute an Event of Default under this Agreement and the Loan Documents: The Borrower or any other Obligor shall fail to pay (i) when and as required to be paid herein, any amount of principal of any Term Loan or (ii) within three (3) Business Days after the same shall become due, interest on any Term Loan, any fee or any other Obligations payable hereunder or pursuant to any other Loan Document; Any Obligor fails or neglects to perform, discharge, keep or observe (i) any covenant contained in Sections 5.1, 5.6, 5.7, 5.9, 5.11, 5.12, 5.14, 5.16, 6, or Item 9 on the date that the Obligors are required to perform, keep or observe such covenant (subject to any applicable time period set forth in such Sections); or (ii) any other covenant contained in this Agreement or any covenant or undertaking by it in any other Loan Document if the breach of such other covenant is not cured to the Agent’s satisfaction within thirty (30) days after the sooner to occur of any Senior Officer’s receipt of notice of such breach from the Agent or the date on which such failure or neglect first becomes known to any Senior Officer, provided that such notice and opportunity to cure shall not apply in the case of any failure to perform, keep or observe any covenant that is not capable of being cured at all or within such thirty (30) day period or that is a willful and knowing breach by the Borrower or any other Obligor; Any representation or warranty made by the Borrower or any other Obligor herein or in any other Loan Document, or which is contained in the any certificate, document or financial or other statement by the Borrower or any other Obligor, furnished at any time under this Agreement, or in or under any other Loan Document, shall prove to have been untrue in any material respect when made or deemed made; An Insolvency Proceeding (i) is commenced against any Obligor or any of their respective Subsidiaries and is not dismissed within forty-five (45) days thereafter, or (ii) is commenced by any Obligor or any of their respective Subsidiaries; There is entered against any Obligor or any of their respective Subsidiaries (i) one or more judgments or orders for the payment of money in an aggregate amount exceeding $500,000 (as such amount is reduced to the extent covered by insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-moneta...
Events of Defaults Remedies
