Host Default Sample Clauses

Host Default. The following events shall be defaults of Host (each, a “Host Default”):
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Host Default. The occurrence at any time of any of the following events shall constitute a “Host Default”:
Host Default. The following events shall be defaults with respect to Host so long as continuing (each, a “Host Default”): i. Host shall (A) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property; (B) admit in writing its inability, or be generally unable, to pay its debts as such debts become due;

Related to Host Default

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

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

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