Handling of Default Sample Clauses

Handling of Default. Where Client has any of the Event of Default stated above, Creditor is entitled to claim against Client for any and all losses (inclusive of attorney’s fee) in addition to taking (but is not obliged to take) the following measures separately or simultaneously:
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Handling of Default. Where Client has any of the Event of Default stated above, Client shall be entitled to remedy the Event of Default within thirty (30) days of receiving notice of the Event of Default from Creditor. If Client does not remedy the Event of Default, then Creditor is entitled to claim against Client for any and all losses (inclusive of attorney’s fee) in addition to taking (but is not obliged to take) the following measures separately or simultaneously: ① Adjust or cancel credit line under this Agreement; ② Declare that all debts under any subsequent financial documents of this Agreement due early, and/or terminate entire or partial Agreement and subsequent financing documents, require Client immediately repay all or partial principal and interests of the loan. For letter of credit, bank guarantee/standby Letter of Credit which has been accepted by Creditor within the term, Creditor has the right to require Client add a reasonable amount of security fund or allocate a reasonable additional balance of Client’s deposit account or settlement account as security fund for external payments or future out-of-pocket payments for Client; if Creditor has paid out-of-pocket expenses, Creditor has the right to repay such expenses immediately; ③ Interests shall be calculated according to penalty interest rate under this Agreement or subsequent financing documents and the unpaid overdue interests shall be charged compound interests;
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Handling of Default. Upon the occurrence of any of the events of default above, the Mortgagee has the right to declare the early expiration of the principal creditor's right, and/or dispose of the mortgaged properties in accordance with Article 4 of this Contract or require the Mortgagor to provide other guarantees.
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Handling of Default. (1) If any one or more of the above events of default occur, the Lender may, at its sole discretion, take one or more of the following measures:
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Handling of Default. The General Partner shall act in good faith to maximize the interests of the Partnership. If the Partnership or any Limited Partner suffers from damages or undertakes any debt or responsibility as a result of any intentional act or gross negligence of the General Partner or because the General Partner performs its duties beyond the scope of authorization by the Partnership, then the General Partner shall undertake the compensation liability to the Partnership or such Limited Partner.
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Related to Handling of Default

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • Event of Default and Illegality If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Default and Foreclosure 5 3.1 Remedies....................................................... 5 3.2

  • 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.

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • 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;

  • Event of Default; Waiver The Holders of a Majority in Liquidation Amount of the Preferred Securities may, on behalf of the Holders, 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 Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.

  • Action if Other Event of Default If any Event of Default (other than any Event of Default described in clauses (i) through (iv) of Section 9.1(h)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Lender may, by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall terminate.

  • Notice of Default, etc Promptly after the Borrower knows that any Default or any Material Adverse Effect has occurred, a notice of such Default or Material Adverse Effect, describing the same in reasonable detail and the action the Borrower proposes to take with respect thereto.

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