Common use of SPECIFIC DEFAULT EVENTS Clause in Contracts

SPECIFIC DEFAULT EVENTS. Events of default shall include but not be limited to: (a) the making of a general assignment for the benefit of the defaulting party's creditors; (b) the filing of a voluntary petition in bankruptcy or the filing of a petition in bankruptcy or other insolvency protection against the defaulting party which is not dismissed within 90 calendar days thereafter; (c) the filing by the defaulting party of any petition or answer seeking, consenting to, or acquiescing in reorganization, arrangement, adjustment, composition, liquidation, dissolution, or similar relief; (d) any violation by Customer of the restrictions set forth in Article 20.

Appears in 2 contracts

Samples: Fiber Lease Agreement (Wiltel Communications Group Inc), Fiber Lease Agreement (Wiltel Communications Group Inc)

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SPECIFIC DEFAULT EVENTS. Events of default shall include but not be limited to: (a) the making of a general assignment for the benefit of the defaulting party's creditors; (b) the filing of a voluntary petition in bankruptcy or the filing of a petition in bankruptcy or other insolvency protection against the defaulting party which is not dismissed within 90 calendar days thereafter; (c) the filing by the defaulting party of any petition or answer seeking, consenting to, or acquiescing in reorganization, arrangement, adjustment, composition, liquidation, dissolution, or similar relief; (d) any violation by Customer Lessee of the restrictions set forth in Article 20Section 20.3.

Appears in 2 contracts

Samples: Fiber Lease Agreement (Wiltel Communications Group Inc), Fiber Lease Agreement (Wiltel Communications Group Inc)

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