Specified Events. It shall constitute an Event of Default in relation to a Party if: in respect of the Service Provider, an Improper Instrument Issuance occurs in respect of the Project; it fails to comply with any of its obligations under this Agreement and that failure is not remedied within 15 Business Days of the notice of such failure given by the other Party; it fails to make payment when due under this Agreement, and that failure is not remedied on or before the 15th Business Day after the notice of such failure given by the other Party; any representation or statement made or deemed to be made by it under or in connection with this Agreement is or proves to have been incorrect or misleading in any material respect when made or deemed to be made; it becomes insolvent, ceases trading, enters into liquidation, whether compulsory or voluntary, other than for the purposes of a solvent amalgamation or reconstruction, or makes an arrangement with its creditors or petitions for an administration order or if a trustee, administrator or administrative receiver or general officer is appointed over all or any part of its assets or if it generally becomes unable to pay its debts causes or is subject to any event with respect to it that, under the applicable laws of any jurisdiction, has an analogous effect to any of the foregoing events; the institution against it of any litigation, arbitration or administrative proceedings of or before any court, arbitral body or agency which, if adversely determined, might reasonably be expected to have a material adverse effect; or it consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to another entity.
Specified Events. Notwithstanding the foregoing or anything to the contrary in the Loan Documents, during the Liquidity Testing Period, (x) the Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, take any of the actions that are a Specified Event and (y) the Borrower shall notify the Administrative Agent in writing promptly following the occurrence of any Specified Event. For purposes of this Section 7.09:
Specified Events. 24.1. You acknowledge and agree that, without limiting or otherwise affecting any of Our other rights in this Deed, We may, in Our absolute discretion:
Specified Events. The occurrence of any of the following events shall constitute a “Specified Event” hereunder:
Specified Events. You acknowledge and agree that, without limiting or otherwise affecting any of Our other rights in this Deed, We may, in Our absolute discretion: issue You a Notice under clause 24.4 (Subsequent action in response to a Specified Event), if We consider, in Our absolute discretion, that any of the Specified Events set out in clause 24.2 or clause 24.3 below are occurring or have occurred; or issue You a Notice under clause 25 (Termination without costs), if We consider, in Our absolute discretion, that any of the Specified Events set out in clause 24.3 below are occurring or have occurred. The Parties acknowledge and agree that each of the following is a "Specified Event": We do not have confidence in Your ability to perform Your obligations under this Deed; or We consider that You are failing to perform Your obligations under this Deed to Our satisfaction. Without limiting or otherwise affecting clause 24.2, the Parties acknowledge and agree that each of the following is a "Specified Event": Your approval as a Temporary Activities Sponsor with the Department of Home Affairs ceases to be in effect, is suspended, cancelled or is barred; We are satisfied that at any time You have engaged in misleading or deceptive conduct, including where You have provided false or misleading information to Us or any Relevant Agency; We consider that You have provided Us or any Relevant Agency with a Report, Record or other Material which is not true, accurate and complete; You fail to deliver Reports or Records (or both, as the case may be) in accordance with this Deed, including the specified time requirements; without limiting any other Specified Event in this clause 24.3, We consider that You are in breach of any of Your obligations under this Deed and where such a breach is capable of remedy, You do not remedy the breach within five Business Days of receiving a Notice in writing from Us to do so, or another timeframe as agreed between the Parties; We consider that You are in breach of an obligation under this Deed and the breach is not capable of remedy; You fail to respond within five Business Days to a Notice sent by Us to You identifying actual or potential breaches of Your obligations under this Deed; You are issued with three breach Notices in a 12 month period in relation to this Deed, irrespective of whether You remedy those breaches; without limiting clause 24.3(n), You fail to pay any of Your workers, including a Seasonal Worker, any amount (in whole or in part) ...
Specified Events. The parties hereto hereby amend and restate Schedule A to the Forbearance Agreement in its entirety to read as follows: “Specified Events 1. Event of Default that arises under Section 9.01(c)(i) of the Financing Agreement as a result of the Loan Parties’ failure to deliver the financial statements required by Section 7.01(a)(iii) accompanied by a report and an opinion that does not include any qualification, exception or explanatory paragraph expressing substantial doubt about the ability of the Parent or any of its Subsidiaries to continue as a going concern or any qualification or exception as to the scope of such audit. 2. Event of Default that arises under Section 9.01(c)(i) of the Financing Agreement as a result of the Loan Parties’ failure to comply with Section 7.03(d) of the Financing Agreement for the twelve (12) consecutive month period ending June 30, 2023. 3. Event of Default that arises under Section 9.01(c)(i) of the Financing Agreement as a result of the Loan Parties’ failure to comply with Section 7.03(c) of the Financing Agreement.
Specified Events. (a) In the event that a Specified Event occurs, (i) AMAG shall have the right, but not the obligation, to certify to the Escrow Agent that a Specified Event that is a Release Event has occurred and [***] and/or (ii) AMAG shall have the right, but not the obligation, [***]. Access shall promptly take such other actions as AMAG may reasonably request to assist AMAG in [***], including without limitation by providing the following: [***]
Specified Events. Subject to Paragraphs 16(d) and (e) below, each party (the “Terminating Party”) shall have the right to terminate this Term Sheet upon written notice to the other party (the “Non-Terminating Party”) upon the occurrence of any of the following:
Specified Events. The "Default Events" below are in addition to and not in lieu of those specified in the Note or any other Loan Document. Each of the following shall constitute a "Default Event" under this Agreement and the other Loan Documents:
Specified Events. (a) As of the date of this Agreement, none of the current clients of the Company has advised the Company or the Seller that it intends to cease doing business with the Company, or to materially reduce the amount of the business that such client is presently doing with the Company.
