Manager's Events of Default Sample Clauses

Manager's Events of Default. With respect to Manager, it shall be an "Event of Default" under this Agreement:
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Manager's Events of Default. With respect to Manager, it shall be an "Event of Default" under this Agreement: (a) 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 Manager' s receipt of notice of such default fiom Owner, which notice shall specify the event or events constituting the default; or (b) If (i) Manager shall: (A) apply for, or consent to, the appointment of a receiver, trustee, or liquidator of Manager of all or a substantial part of Manager's assets, (B) file a voluntary petition in bankruptcy, or admit in writing Manager' s inability to pay Manager' s debts as they become due ,(C) make a general assignment for the benefit of creditors, or (D) file a petition or an answer seeking reorganization or arrangement with creditors or taking advantage of any insolvency law; or (ii) an order, judgment or decree shall be entered by a court of competent jurisdiction, on the application ofa creditor (A) adjudicating Manager as bankrupt or insolvent, (B) approving a petition seeking reorganization of Manager, or (C) appointing a receiver, trustee, or liquidator for Manager or for all or a substantial part of Manager's assets. 5.2
Sample 1
Manager's Events of Default. With respect to Manager, it shall be an "Event of Default" under this Agreement: (a) 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 Manager' s receipt of notice of such default from Owner, which notice shall specify the event or events constituting the default; or 9
Sample 1

Related to Manager's Events of Default

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Lease Events of Default The following events shall constitute Lease Events of Default hereunder (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and each such Lease Event of Default shall be deemed to exist and continue so long as, but only as long as, it shall not have been remedied:

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

  • No Events of Default No Event of Default has occurred and is continuing nor has any event occurred which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • Notice of Events of Default or Unmatured Events of Default A statement of a Financial Officer of the Servicer setting forth details of any Event of Default or Unmatured Event of Default that has occurred and is continuing and the action which the Servicer proposes to take with respect thereto.

  • Other Events of Default Notwithstanding anything to the contrary herein, if the Company elects to pay Special Interest with respect to any Reporting Event of Default, the Company’s election will not affect the rights of the Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default; provided, that, for the avoidance of doubt, in no event will the Company be obligated to pay Special Interest at a rate greater than 0.50% per annum on the principal amount of this Note.

  • Liquidity Events of Default If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.6(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iv) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.

  • Servicer Events of Default (a) The following events shall each constitute a "Servicer Event of Default" hereunder:

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

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