Specific Event of Default Sample Clauses

Specific Event of Default. Without limiting the applicability of Section 5(a)(vi) of this Agreement, the occurrence or existence of any event or condition which results in a default under the Credit Agreement as in effect as of the date of this Agreement, and as may be replaced, amended or supplemented from time to time, shall constitute a Termination Event under this Agreement.
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Specific Event of Default. To the extent that the Borrower enters into or has entered into any Bank Agreement containing an event of default provision similar to: “The Borrower shall (i) default on the payment of the principal of or interest on any Debt (other than Parity Debt) including, without limitation, any regularly scheduled payments on Swap Contracts, aggregating in excess of $10,000,000, beyond the period of grace, if any, provided in the instrument or agreement under which such Debt (other than Parity Debt) was created or incurred; or (ii) default in the observance or performance of any agreement or condition relating to any Debt (other than Parity Debt) aggregating in excess of $10,000,000, or contained in any instrument or agreement evidencing, securing or relating thereto, or any other default, event of default or similar event shall occur or condition exist, the effect of which default, event of default or similar event or condition is to permit (determined without regard to whether any notice is required) any such Debt to become immediately due and payable in full as the result of the acceleration, mandatory redemption or mandatory tender of such Debt” (together with any similar provision in any other Bank Agreement that the Borrower may enter into after the Closing Date, the “Specific Event of Default Provision”), then such Specific Event of Default Provision shall automatically be deemed to be incorporated into this Agreement and the Lender shall have the benefits of the Specific Event of Default Provision as if specifically set forth herein; provided, however, that if the Specific Event of Default Provision is subsequently removed from any Bank Agreement at any time or such Bank Agreement is terminated or expires pursuant to its terms then the provision shall be deemed to be simultaneously removed from this Agreement. The Borrower shall provide to the Lender copies of any amendments to any Bank Agreement affecting the Specific Event of Default Provision and the Borrower and the Lender shall promptly thereafter enter into an amendment to this Agreement to include or remove the Specific Event of Default Provision in accordance with this covenant; provided that the amendments effected by this covenant shall be effective notwithstanding any failure of the parties to execute any such amendments to this Agreement.
Specific Event of Default. Without limiting the applicability of Section 5(a)(vi) of the Agreement, the occurrence or existence of any event or condition which results in an Event of Default under (and as defined in) the Credit Agreement shall constitute a Termination Event under the Agreement, with Party B as the sole Affected Party.
Specific Event of Default. Without limiting the applicability of Section 5(a)(vi) of the Agreement, the occurrence or existence of any event or condition which results in an Event of Default under (and as defined in) the WCM Credit Agreement or the JPM Credit Agreement shall constitute a Termination Event under the Agreement.
Specific Event of Default. To the extent that the provision set forth in Section 7.01(j) (together with any similar provision in any other Bank Agreement that the Borrower may enter into after the Closing Date, the “Specific Event of Default Provision”) of the Prior Loan Agreement remains in the Prior Loan Agreement or any Bank Agreement after the three (3) month anniversary of the Closing Date, then such remaining Specific Event of Default Provision shall automatically be deemed to be incorporated into this Agreement and the Lender shall have the benefits of the Specific Event of Default Provision as if specifically set forth herein; provided, however, that if the Specific Event of Default Provision is subsequently removed from the Prior Loan Agreement or any Bank Agreement, as applicable, at any time then it shall be deemed to be simultaneously removed from this Agreement. The Borrower shall provide to the Lender copies of any amendments to the Prior Loan Agreement or any Bank Agreement, as applicable, affecting the Specific Event of Default Provision and the Borrower and the Lender shall promptly thereafter enter into an amendment to this Agreement to include or remove the Specific Event of Default Provision in accordance with this covenant; provided that the amendments effected by this covenant shall be effective notwithstanding any failure of the parties to execute any such amendments to this Agreement.

Related to Specific Event of Default

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • 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;

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