LIST OF DEFAULTS Sample Clauses

LIST OF DEFAULTS. 18.1 In the case of signing by the Ordering Party the relevant Stage Acceptance Protocol despite the occurrence of defects not restricting the Ordering Party's ability to use the Order in accordance with its purpose and in accordance with the law and not threatening the safety, the Contractor shall remove such defects within the time limit specified by the Ordering Party. The Ordering Party, when determining such a deadline, will take into account the technical grounds for removing such defects by a professional contractor.
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LIST OF DEFAULTS. Any one or more of the following events constitutes a default hereunder ("Default"):
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LIST OF DEFAULTS. The Borrower represents and warrants to the Lenders that as of the date of this November 2000 Waiver Agreement the Borrower is in default of Section 6.02 (ii) for the Fiscal Year ending July 31, 2000, Section 6.02 (iii) for the Fiscal Year ending July 31, 2000, Section 7.12, Section 7.13 and Section 7.14 of the Credit Agreement (the "Existing Defaults") and no others; and the Borrower does not expect to be in compliance with the provisions of Sections 7.12, 7.13 and 7.14 of the Credit Agreement for the Fiscal Quarters of the Borrower ending October 31, 2000, January 31, 2001, April 30, 2001, and July 31, 2001, during the Waiver Period (the "Expected Covenant Defaults"; and the Existing Defaults and the Expected Covenant Defaults are herein referred to collectively as, the "Subject Defaults").
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Related to LIST OF DEFAULTS

  • No Defaults or Events of Default (a) Since (the date of the last similar certification), and except as set forth in Appendix I, no Default or Event of Default has occurred.

  • 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;

  • Cure of Defaults If at any time after an event of default and prior to the actual sale of the Vessel by the Mortgagee or prior to any enforcement or foreclosure proceedings the Shipowner offers completely to cure all events of default and to pay all expenses, advances and damages to the Mortgagee consequent on such events of default, with interest at the interest rate set forth in Section 1.07(b) of the Credit Agreement, then the Mortgagee may, but shall not be obligated to, accept such offer and payment and restore the Shipowner to its former position, but such action, if taken, shall not affect any subsequent event of default or impair any rights consequent thereon.

  • Events of Defaults If one or more of the following events ("Events of Default") shall have occurred and be continuing:

  • 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.

  • Absence of Defaults No event has occurred or is continuing which constitutes a Default or an Event of Default, or which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by the Borrower or any Subsidiary thereof under any Material Contract or judgment, decree or order to which the Borrower or its Subsidiaries is a party or by which the Borrower or its Subsidiaries or any of their respective properties may be bound or which would require the Borrower or its Subsidiaries to make any payment thereunder prior to the scheduled maturity date therefor.

  • Other Defaults Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days after notice thereof by the Administrative Agent to the Borrower; or

  • CURING TENANT'S DEFAULTS If Tenant defaults in the performance of any of its obligations under this Lease, Landlord may (but shall not be obligated to) without waiving such default, perform the same for the account at the expense of Tenant. Tenant shall pay Landlord all costs of such performance promptly upon receipt of a xxxx therefor.

  • Waiver of Defaults and Events of Default (a) The Noteholders of a majority of the Note Balance of the Controlling Class may waive any Default or Event of Default, except an Event of Default (i) in the payment of principal of or interest on any of the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) or (ii) in respect of a covenant or provision of this Indenture that cannot be amended, supplemented or modified without the consent of all Noteholders.

  • Notice of Defaults If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.

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