Manager Event of Default Sample Clauses

Manager Event of Default. With respect to Manager, it shall be an “Event of Default” hereunder: 1. If Manager shall fail to keep, observe or perform any material agreement, term or provision of this Agreement, and such default shall continue for a period of thirty (30) days after notice thereof shall have been given to Manager by Owner, which notice shall specify in detail the event or events constituting the default; provided, however, in the event such failure, other than a breach of laws or a monetary default, cannot be cured within such thirty (30) day period but Manager commences the cure within such thirty (30) day period and diligently prosecutes the same to completion, Manager shall have an additional thirty (30) days in which to complete such cure; provided, further, that in the event of a breach by Manager of its obligations under Section I(D)(4) Manager’s right to cure the same shall be subject to any negative regulatory proceedings being stayed pending appeal such that the continuing licensure of the Facility is not jeopardized while Manager exercises its cure rights hereunder; or 2. If Manager shall (A) apply for or consent to the appointment, receiver, trustee or liquidator of Manager of all or a substantial part of its assets, (B) be the subject of an involuntary bankruptcy or receivership proceeding which is not set aside or terminated within thirty (30) days of filing, (C) file a voluntary petition in bankruptcy, or admit in writing its inability to pay its debts as they become due, (D) make a general assignment for the benefit of creditors or (E) file a petition or an answer seeking reorganization or arrangement with creditors or taking advantage of any insolvency law, or if an order, judgment or decree shall be entered by a court of competent jurisdiction, on the application of a creditor, adjudicating Manager a bankrupt or insolvent or approving a petition seeking reorganization of Manager, or appointing a receiver, trustee or liquidator of Manager, or of all or a substantial part of its assets or

Manager Event of Default. The occurrence of a Manager Event of Default.

Manager Event of Default. The following events shall constitute an “Event of Default” by Manager under this Agreement: 17.1.1 Any material misrepresentation made by Manager to the Authority under this Agreement; 17.1.2 Failure by Manager to make any payment in full when due hereunder and failure to cure such default within thirty (30) Days after receipt of written notice of such non-payment by Manager; 17.1.3 A failure by the Manager to promptly and fully keep, comply with, or perform any promise, covenant, term, condition or other non-monetary obligation or duty of the Manager contained in this Agreement, other than those obligations or matters set forth in Section 17.1 that set forth different cure periods or expressly deny any right to cure, and the failure to cure such default within sixty (60) Days after delivery of written notice of such failure; 17.1.4 A failure by the Manager to promptly and fully perform any obligation or duty, or to comply with any restriction, of Manager contained in this Agreement concerning assignment or transfer, whether directly or indirectly, of the Manager’s rights or interests herein, which is not remedied by the Manager within fifteen (15) Days following receipt of notice thereof from the Authority’s Director. 17.1.5 A failure by the Manager to provide or maintain the insurance coverage required pursuant to this Agreement, including any material non-compliance with said requirements, and the failure to cure such default within five (5) Days following receipt of written notice of such failure from the Authority’s Director; or, if said noncompliance is non-material, the failure to remedy said non-compliance within twenty (20) Days following the furnishing of written notice to the Manager by the Authority’s Director; 17.1.6 Manager’s failure to continuously provide Concession Operations after notice of a second instance of such failure has been given within the preceding twelve (12) months; 17.1.7 The material default of the Manager under any other agreement it may presently have or may enter into with the Authority or any Manager of the Authority with respect to ▇▇▇▇▇▇▇▇▇ Place, and the failure to cure said default within any applicable cure period. Manager acknowledges and agrees that in case of an Event of Default under this Agreement the Authority also may declare a default under any future such agreements; 17.1.8 Upon the Manager making a general assignment for the benefit of creditors, or if the Manager is unable to pay its debts as they becom...

Manager Event of Default. The term “Manager Event of Default” shall have the meaning set forth in Section 14.1(a).

Manager Event of Default. Each of the following shall be an event of default by Manager (each, a "Manager Event of Default"): (a) Manager fails to pay any funds required to be paid to Owner within 10 days after the date due hereunder, and such default continues for ten days after notice is received from Owner; or (b) Manager fails to keep, observe or perform any other material covenant, agreement, term or provision of this Agreement to be kept, observed or performed by Manager, and such default continues for thirty days after notice is received from Owner; (c) any breach by Manager of Section 7.09; or (d) any breach by Manager of Sections 7.10.2(a) to 7.10.2 (c) (inclusive) Double Tree Resort by Hilt▇▇ ▇▇▇▇▇▇ ▇▇▇ch Oceanfront - MA (e) an Insolvency Event occurs with respect to Manager.

Manager Event of Default as defined in Section 10.01.1.