FOLLOWING EVENT OF DEFAULT Sample Clauses

FOLLOWING EVENT OF DEFAULT. At any time after an Event of Default in respect of the Offshore Notes has occurred, or at any time after Definitive Notes have not been issued when so required in accordance with the relevant Conditions, the Note Trustee may:
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FOLLOWING EVENT OF DEFAULT. At any time after an Event of Default in respect of the Class A Notes or the Class B Notes (as the case may be) has occurred, or at any time after Definitive Notes have not been issued when so required in accordance with the Conditions, the Note Trustee may:
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FOLLOWING EVENT OF DEFAULT. Without prejudice to the provisions of the Management Account Charge and the Reserve Account Charge, upon the occurrence of an Event of Default and whilst the same is continuing the Facility Agent shall forthwith be and become entitled then or at any time thereafter to apply all moneys standing to the credit of, or from time to time credited to, the Management Account and the Reserve Account in or towards payment of amounts due to the Agents and the Lenders under this Agreement and/or the other Security Documents.
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FOLLOWING EVENT OF DEFAULT. (a) At any time after an Event of Default in respect of the US$ Notes has occurred, or at any time after Definitive Notes have not been issued when so required in accordance with the Conditions, the Note Trustee may:
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FOLLOWING EVENT OF DEFAULT. If any Event of Default shall occur and be continuing, then, and in any such event, the Mortgagee may, subject to Sections [ ] of the Loan Agreement, Section 1.07 hereof and the last paragraph of this Section 2.01, forthwith upon notice to the Mortgagor (it being understood and agreed that such provision of notice to the Mortgagor shall not be deemed to limit or otherwise restrict the Mortgagee's rights and remedies hereunder or under any other agreement):
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FOLLOWING EVENT OF DEFAULT. If any Event of Default shall occur and be continuing, then, and in any such event, Mortgagee may, forthwith upon notice to Mortgagor (it being understood and agreed that such provision of notice to Mortgagor shall not be deemed to limit or otherwise restrict Mortgagee's rights and remedies hereunder or under any other Operative Document or agreement): (a) apply to a court of competent jurisdiction to obtain specific performance or observance by Mortgagor of any covenant, agreement or undertaking on the part of Mortgagor hereunder that Mortgagor shall have failed to observe or perform or to obtain aid in the execution of any power granted herein; and/or (b) proceed to foreclose against the Collateral or any part thereof pursuant to this Agreement, and according to the applicable Law of the jurisdiction or jurisdictions in which such Collateral or part thereof shall at the time be located, by doing any one or more or all of the acts described in Sections 2.1 or 4.2 and/or the following acts, as Mortgagee, in its sole and complete discretion (acting in good faith), may then elect to:
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Related to FOLLOWING EVENT OF DEFAULT

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

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

  • Actions following an Event of Default On, or at any time after, the occurrence of an Event of Default:

  • Event 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, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • No Event of Default, etc No condition or event has occurred or exists which constitutes or which, after notice or lapse of time or both, would constitute an Event of Default.

  • Default or Event of Default Seller shall, as soon as possible but in no event later than two (2) Business Days after obtaining actual knowledge of such event, notify Purchaser of the occurrence of any Default or Event of Default.

  • After Event of Default Borrower further agrees to pay, or reimburse Lender, for all reasonable out-of-pocket costs and expenses, including without limitation reasonable attorneys’ fees and disbursements incurred by Lender after the occurrence of an Event of Default (i) in enforcing any Obligation or in foreclosing against the Collateral or exercising or enforcing any other right or remedy available by reason of such Event of Default; (ii) in connection with any refinancing or restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or in any insolvency or bankruptcy proceeding; (iii) in commencing, defending or intervening in any litigation or in filing a petition, complaint, answer, motion or other pleadings in any legal proceeding relating to Borrower and related to or arising out of the transactions contemplated hereby; (iv) in taking any other action in or with respect to any suit or proceeding (whether in bankruptcy or otherwise); (v) in protecting, preserving, collecting, leasing, selling, taking possession of, or liquidating any of the Collateral; or (vi) in attempting to enforce or enforcing any Lien in any of the Collateral or any other rights under the Security Instrument.

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