Payment after Default. 2.4.1 At any time after a Potential Event of Default or an Event of Default has occurred and is continuing, or the Notes shall otherwise have become due and payable or the Trustee shall have received any money which it proposes to pay under Clause 7.1 to the Holders, the Trustee may:
(i) by notice in writing to the Issuer, the Guarantors and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by any applicable law:
(a) to act thereafter as Agents of the Trustee under this Trust Deed and the Notes on the terms of the Paying and Transfer Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and all other out-of-pocket expenses of the Agents will be limited to the amounts for the time being held by the Trustee in respect of the Notes on the terms of this Trust Deed) and available for this purpose and thereafter to hold all Notes and all moneys, documents and records held by them in respect of Notes to the order of the Trustee; or
(b) to deliver all Notes, moneys, documents and records held by them in respect of the Notes to the Trustee or as the Trustee shall direct in such notice but this Clause shall be deemed not to apply to any documents or records which the relevant Agent is obliged not to release by any law or regulation; and/or
(ii) by notice in writing to the Issuer or, where applicable, a Guarantor require it to make all subsequent payments in respect of the Notes to or to the order of the Trustee and not to the Principal Paying and Transfer Agent. With effect from the issue of any such notice to the Issuer or, where applicable, a Guarantor and until such time as the notice is withdrawn, proviso (1) to Clause 2.2 shall not apply.
Payment after Default. The acceptance of rentals, fees or charges by Authority from Operator for any period or periods after a default by Operator of any of the terms, covenants and conditions herein required to be performed, kept and observed by Operator shall not be deemed a waiver or estoppel of any right on the part of Authority to terminate this Agreement for failure by Operator to so perform, keep or observe any of said terms, covenants or conditions.
Payment after Default. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan shall accrue interest at the Default Rate, calculated from the date the Default which gave rise to such Event of Default occurred without regard to any grace or cure periods contained herein.
Payment after Default. The acceptance of rentals, fees or charges by Authority from Concessionaire for any period or periods after a default by Concessionaire of any of the terms, covenants and conditions herein required to be performed, kept and observed by Concessionaire shall not be deemed a waiver or estoppel of any right on the part of Authority to terminate this Agreement for failure by Concessionaire to so perform, keep or observe any of said terms, covenants or conditions.
Payment after Default. No receipt of money hereunder from the Lessee after any such event of default shall operate to reinstate, continue, or extend the right of possession of the Lessee or affect in any way any notice theretofore given to the Lessee or operate as a waiver of the rights given hereby to enforce the payment of any Basic Rent or Additional Rent then due or thereafter falling due or operate as a waiver of any right to recover possession of the Project or any part thereof by proper suit, action, proceeding, or remedy and, after the service of such notice or after the commencement of any suit, action, or summary proceeding or any other remedy, or after a final order of judgment for the possession of the Project or any part thereof, the Authority may demand, receive, and collect from the Lessee all money due or thereafter falling due without in any manner affecting such notice, proceeding, suit, action, order, or judgment.
Payment after Default. If following the occurrence and during the continuance of any Event of Default, Borrower shall tender payment of an amount sufficient to satisfy the Debt at any time prior to a sale or realization of the Collateral, either through foreclosure or the exercise of the other remedies available to Agent under the Mortgage or the Loan Agreement, such tender by Borrower shall be deemed to be a voluntary prepayment under this Note in the amount tendered. At the time of such tender, Borrower shall, in addition to the entire Debt, also pay to Agent the applicable prepayment consideration specified in Section 2.9 and/or 2.8 of the Loan Agreement.
Payment after Default. In the event Holder declares the Loan --------------------- immediately due and payable at a time when a Prepayment Premium would be due, such Prepayment Premium shall be paid upon any tender of payment at any time or upon foreclosure of the Mortgage.
Payment after Default. The acceptance of fees or charges by the City from Concessionaire for any period or periods after a default by Concessionaire of any of the terms, covenants and conditions herein required to be performed, kept and observed by Concessionaire shall not be deemed a waiver or estoppel of any right on the part of the City to cancel this Agreement for failure by Concessionaire to so perform, keep or observe any of said terms, covenants or conditions.
Payment after Default. The acceptance of rents, fees or charges by the City from Concessionaire after a default by Concessionaire shall not be deemed a waiver or estoppel of any right on the part of the City, to include the right to terminate this Agreement.
