Nature of Event. An Event of Default shall exist if any one or more of the following occurs:
(a) Borrower fails to make any payment of (i) principal of the Note on or before the date such payment is due, (ii) interest on the Note and such failure continues for two (2) Business Days after the date such payment is due, or (iii) any fee, expense or other amount due hereunder, under the Note, or under any other Loan Document, and such failure continues for a period of five (5) Business Days after Lender gives Borrower notice thereof;
(b) Default is made in the due observance or performance by any Related Person of any covenant set forth in Article VI or Section 5.9 of this Agreement;
(c) Default is made in the due observance or performance by any Related Person of any of the covenants or agreements contained in this Agreement other than those described in subsections (a) or (b) immediately above and such Default continues for a period of fifteen (15) days after Lender gives Borrower notice thereof;
(d) Any Related Person defaults in the due observance or performance or any of the covenants or agreements contained in any other Loan Document to which it is a party, and (unless such default otherwise constitutes a Default pursuant to other provisions of this Section 7.1) such default continues unremedied beyond the expiration of any applicable grace period which may be expressly allowed under such other Loan Document, but which, in any case, shall not be shorter than fifteen (15) days;
(e) Any material statement, warranty or representation by or on behalf of any Related Person contained in this Agreement, the Note or any other Loan Document to which it is a party, or in any Borrowing Request, officer’s certificate or other writing furnished in connection with this Agreement, proves to have been incorrect or misleading in any material respect as of the date made or deemed made;
(f) Any Related Person:
(i) suffers the entry against it of a judgment, decree or order for relief by a court of competent jurisdiction in an involuntary proceeding commenced under any applicable bankruptcy, insolvency or other similar law of any jurisdiction now or hereafter in effect, including the federal Bankruptcy Code, as from time to time amended, or has any such proceeding commenced against it which remains undismissed for a period of sixty (60) days; or
(ii) commences a voluntary case under any applicable bankruptcy, insolvency or similar law now or hereafter in effect, including the federal Bankru...
Nature of Event. An Event of Default shall exist if any one or more of the --------------- following occurs:
(a) Borrower fails to make any payment of principal of or interest on any Note, or payment of any fee, expense or other amount due hereunder, under any of the Notes or under any other Loan Document, on or before the date such payment is due;
(b) Borrower fails to observe or perform (i) any term, covenant or agreement set forth in Sections 2.3(b)(iii), 2.5, 6.13, 6.17, 6.19, or 6.20 or Section 7 (other than Sections 7.11, 7.12, 7.16, 7.18, and 7.14, which Section 7.14 is governed by Section 8.1(i) regarding payments of judgments), and (ii) any term, covenant or agreement set forth in Sections 6.22, 7.11, 7.12, 7.14, or 7.16, or 7.18 if such failure shall remain unremedied for 20 days, and (iii) any other term, covenant or agreement in this Agreement on its part to be performed or observed if the failure to perform or observe such other term, covenant or agreement shall remain unremedied for 20 days after written notice thereof shall have been given to Borrower by Agent or the Required Lenders;
(c) Borrower fails to observe or perform any of the covenants or agreements contained in any other Loan Document, and (unless such default otherwise constitutes a Default pursuant to other provisions of this Section 8.1) such default continues unremedied beyond the expiration of any applicable grace period which may be expressly allowed under such other Loan Document;
(d) any material statement, warranty or representation by or on behalf of Borrower contained in this Agreement, the Notes or any other Loan Document or any Borrowing Request, officer's certificate or other writing furnished in connection with this Agreement, proves to have been incorrect or misleading in any material respect as of the date made or deemed made;
(e) Borrower fails to make when due or within any applicable grace period any payment on any Indebtedness with an unpaid principal balance of over $500,000; or any event or condition occurs under any provision contained in any such obligation or any agreement securing or relating to such obligation (or any other breach or default under such obligation or agreement occurs) if the effect thereof is to cause or permit the holder or trustee of such obligation to cause such obligation to become due prior to its stated maturity; or any such obligation becomes due (other than by regularly scheduled payments) prior to its stated maturity; or any of the foregoing occ...
Nature of Event. An Event of Default shall exist if any of the following occurs and is continuing:
Nature of Event. Section 7.2
Nature of Event. ESTIMATED ATTENDANCE: Adults Youth
Nature of Event. I understand that participating in the Event, and all its attendant activities, may expose me to serious bodily injury or death. I understand that participating in the Event is potentially dangerous and I accept these and all such other accompanying risks in order to be allowed to participate in the Event.
Nature of Event. An “Event of Default” shall exist if any one or more of the following occurs:
(a) the Borrower fails (i) to make any payment of principal of or interest on any of the Notes when due, or (ii) to make any payment when due, of any fee, expense or other amount due hereunder, under the Notes or under any other Transaction Document or, so long as the Servicer and the Originator are the same entity, the Servicer fails to make any payment or deposit to be made by it under this Agreement when due, which payment default under (i) continues unremedied for one Business Day or which payment default under (ii) is not cured within five (5) calendar days of Borrower’s receipt notice from the Administrative Agent; or
(b) the Borrower, the Originator or, so long as the Servicer and the Originator are the same entity, the Servicer fails to keep or perform any covenant or agreement contained in this Agreement (other than as referred to in Section 8.1(a) and (d)) and such failure continues unremedied beyond (i) the expiration of any applicable grace period (assuming such grace period does not begin until the Borrower, the Originator or, so long as the Servicer and the Originator are the same entity, the Servicer has notice or knowledge of such failure) that may be expressly provided; or (ii) if there is no otherwise applicable grace period, ten (10) days from the date the Borrower, the Originator or, so long as the Servicer and the Originator are the same entity, the Servicer receives notice or obtains knowledge of failure to keep or perform a covenant (it being understood that when the Borrower, the Originator or, so long as the Servicer and the Originator are the same entity, the Servicer obtains knowledge of any such failure, it may notify the Administrative Agent, and the Administrative Agent will consider in good faith whether to waive such failure or to extend the related cure period, and that if the Administrative Agent waives default or extends the cure period, then the failure will not become an Event of Default at the end of such original cure period); or
(c) the Borrower, the Originator or, so long as the Servicer and the Originator are the same entity, the Servicer defaults in the due observance or performance of any of the covenants or agreements contained in any Transaction Document other than this Agreement, and (unless such default otherwise constitutes a Default or an Event of Default pursuant to other provisions of this Section 8.1) such failure continues unr...
Nature of Event. Releasor hereby declares that he/she is aware of the nature of the Event and that the Event will be a climbing contest on natural rock, and that he/she is fully aware that the risk of injury and/or death is inherent in this type of contest and that he/she is fully aware of the potential risks and hazards inherent in such a contest and that he/she nevertheless desires to participate in the Event and to accept any and all risks of injury or death which may occur.
Nature of Event. The term "Event of Default" means the occurrence of any one or more of the following events:
Nature of Event. Permission is granted for the use requested above.
