Satisfaction of Default Sample Clauses

Satisfaction of Default. Whenever all Events of Default have been cured and satisfied, Beneficiary may, in its sole and absolute discretion, upon receipt of a written request therefor from Grantor, surrender possession or direct the Trustee, to surrender possession of the Property to Grantor, provided that the right of Beneficiary or the Trustee, as applicable, to take possession of the Property from time to time pursuant to Section 3.4.1 shall continue to exist unimpaired and undiminished if any subsequent Event of Default shall occur and be continuing.
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Satisfaction of Default. Whenever all Events of Default hereunder have been cured and satisfied, the Beneficiary shall surrender, upon receipt of a written request therefor from the Trustor, possession or direct the Trustee to promptly surrender possession of the Mortgaged Property to the Trustor, provided that the right of the Beneficiary to take possession of the Mortgaged Property from time to time pursuant to this SECTION 14(A)(II)(D) shall exist if any subsequent Event of Default shall occur.
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Satisfaction of Default. Lender hereby withdraws the Notice of Default and considers the Loan in good standing and not subject to an Event of Default. This waiver of default is conditioned upon timely performance by the Company of its obligations under this Agreement. Notwithstanding the foregoing, in the event of any Event of Default under the Loan Agreement or the Notes or any breach of this Agreement, all outstanding principal and Interest under the Loan shall bear Interest at the Default Interest Rate commencing as of May 1, 2005 (the date of the original Event of Default by the Company described in the Notice of Default).
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Satisfaction of Default. 17 3.5. Foreclosure; Power of Sale.................................... 17 3.6.
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Satisfaction of Default. Whenever all Events of Default have been cured and satisfied, the Mortgagee shall, in its sole and absolute discretion, upon receipt of a written request therefor from the Mortgagor, surrender possession, provided that the right of the Mortgagee to take possession of the Property from time to time pursuant to SECTION 3.4.1 shall continue to exist unimpaired and undiminished if any subsequent Event of Default shall occur and be continuing.
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Related to Satisfaction of Default

  • 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.

  • Notification of default (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

  • 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;

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • 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.

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • 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.

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

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