Events of Failure Sample Clauses

Events of Failure. The occurrence of each of the following shall be considered to be an “Event of Failure.”
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Events of Failure. 75 Article X The Guarantee........................................................................ 75 Section 10.1 The Guarantee............................................................ 75 Section 10.2
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Events of Failure. If Terra Industries or any of its ----------------- Subsidiaries (a) receives Net Cash Proceeds in excess of $5,000,000 as a result of (i) an Asset Sale, (ii) a Debt Issuance, or (iii) an insured loss or casualty event, other than proceeds in respect of business interruption, and (b) (x) fails, within five Business Days thereof, to cause 100% of such Net Cash Proceeds arising therefrom to be applied in accordance with Section 2.9 of the Revolving and Term Credit Agreement or (y) following application of such Net Cash Proceeds in accordance with Section 2.9 of the Revolving and Term Credit Agreement, there is a portion of such Net Cash Proceeds remaining, then such circumstances will constitute an event of failure under this Agreement (each an "Event of Failure"); provided, however, that in the case of clause (b)(y), if the Borrower applies such remaining portion in full in prepayment of the Advances under Section 2.4 of this Agreement, the Event of Failure shall be cured.
Sample 1
Events of Failure. If the required flow metering or sampling equipment fails, the City shall estimate the wastewater volume and pollutant loadings for the period of equipment failure using the most comparable recent historical data. Said estimates shall continue until such time as the equipment is repaired or replacement equipment is installed as required by this Agreement.
Sample 1
Events of Failure 
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Related to Events of Failure

  • 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:

  • Other Events of Default Determination by COUNTY, the State Fair Employment Commission, or the Federal Equal Employment Opportunity Commission of discrimination having been practiced by CONTRACTOR in violation of State and/or Federal laws thereon.

  • Listing of Events of Default Each of the following events or occurrences described in this Section 8.1 shall constitute an "Event of Default".

  • No Events of Default No Event of Default has occurred and is continuing nor has any event occurred which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.

  • Limitation on Events of Default Notwithstanding the terms of Sections 5 and 6 of the ISDA Form Master Agreement, if at any time and so long as the Counterparty has satisfied in full all its payment obligations under Section 2(a)(i) of the ISDA Form Master Agreement and has at the time no future payment obligations, whether absolute or contingent, under such Section, then unless BSFP is required pursuant to appropriate proceedings to return to the Counterparty or otherwise returns to the Counterparty upon demand of the Counterparty any portion of any such payment, (a) the occurrence of an event described in Section 5(a) of the ISDA Form Master Agreement with respect to the Counterparty shall not constitute an Event of Default or Potential Event of Default with respect to the Counterparty as Defaulting Party and (b) BSFP shall be entitled to designate an Early Termination Date pursuant to Section 6 of the ISDA Form Master Agreement only as a result of the occurrence of a Termination Event set forth in either Section 5(b)(i) or 5(b)(ii) of the ISDA Form Master Agreement with respect to BSFP as the Affected Party, or Section 5(b)(iii) with respect to BSFP as the Burdened Party.

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

  • 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.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

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