Terms of Default. If Grantee materially fails to comply with any term of this Agreement, including, but not limited to:
Terms of Default. 18.1. Principles to be Applied in the event of Default In the event that the cash balances of the Investor Accounts are insufficient to meet the financial liabilities, including but not limited to Guarantees/Collaterals and Transaction Costs/Expenses, that the Investor is obliged to cover pursuant to this Agreementm, and the Investor fails to pay this amount to Finveo account as of the date of request or the date of payment although he/she is notified, the Investor shall be deemed in default without any further notice. In the event that any of the above-mentioned default situations and/or events that shall significantly affect the financial situation of the Investor occur and the possibility of any such occurrence is strong when assessed according to objective criteria, the Investor agrees, declares and undertakes that all receivables of Finveo shall immediately become due, and these receivables, which are due, shall be collected ex officio by Finveo from cash, rights, receivables, financial instruments, movable property and all kinds of Financial Assets of the Investor based on Finveo’s right to exercise lien, transfer, clearing, retention and appropriation on all types of securities without the need for any execution proceedings. In case Finveo still has uncollected receivables even after this settlement and/or the conditions specified in the default clause pursue the Investor agrees, declares and undertakes to pay Finveo the remaining receivables along with the default interest and the related expense tax and other fund deductions. The Investor agrees and declares to have transferred the ownership of the financial instruments monitored financially by CKDD to Finveo in accordance with Law and allows the transfer of these financial instruments to Finveo account held at CKDD along with a guarantee/ collateral statement. The property of the financial instruments or their equivalent value (in case the instruments are liquidated) shall be returned to the Investor upon the termination of the Agreement, provided that the Investor has paid his/her debts to Finveo. In the event that the Investor becomes due in accordance with the provisions of this Agreement or the receivables are required to be covered from the guarantee/collaterals for the reasons provided in the provisions of the law, Finveo shall reserve the right to collect its receivables by liquidating the financial instruments subject to collateral/ guarantee through an auction or in another way at a pric...
Terms of Default. If Grantee materially fails to comply with any term of this Agreement, violates any applicable Federal Statute or Regulation, or violates any assurance or certification made, including, but not limited to:
Terms of Default. 18.1. Principles to be Applied in the event of Default In the event that the cash balance of the Investor Accounts are insufficient to meet the financial liabilities, including but not limited to Guarantees/Collaterals and Transaction Costs/Expenses, that the Investor is obliged to cover pursuant to this Agreement and the Investor fails to pay this amount to RSI Global Investment firm account as of the date of request or the date of payment although he/she is notified, the Investor shall be deemed in default without any further notice. In the event that any of the above-mentioned default situations and/or events that shall significantly affect the financial situation of the Investor occur and the possibility of any such occurrence is strong when assessed according to objective criteria, the Investor agrees, declares and
Terms of Default. The Company shall, at the Purchaser’s option, be in default under this Security Agreement upon the happening of any of the following events or conditions (each, an “Event of Default”): (a) a failure to pay any amount due under the Note or this Security Agreement within fifteen (15) days of the date the same is due; (b) the failure by the Company to perform any of its other obligations under this Security Agreement within thirty (30) days of notice from Purchaser of the same; (c) falsity, inaccuracy or material breach by the Company of any written warranty, representation or statement made or furnished to the Purchaser by or on behalf of the Company; (d) an uninsured material loss, theft, damage, or destruction to any of the Collateral, or the entry of any judgment against the Company or any lien against or the making of any levy, seizure or attachment of or on the Collateral; or (e) the failure of the Purchaser to have a perfected first priority security interest in the Collateral.
Terms of Default. Article 39 If the Credit Applicant or Guarantor fails to perform any agreement in this Agreement, or if the "special representations and warranties" made by the Credit Applicant or Guarantor are false or faulty or are not performed, it shall be deemed as a breach of Agreement and the Credit Applicant or Guarantor shall bear the liability for breach of Agreement according to law.
Terms of Default. It is a Default, whether or not it is within the control of a Transaction Party, if:
Terms of Default. In the event of default of the payment terms set forth in section 5. i), ii), iii) and iv) the following terms will govern;
Terms of Default. If the Subrecipient materially fails to comply with any terms of this Agreement, including but not limited to:
Terms of Default. If Grantee materially fails to comply with any term of this Agreement, violates any applicable Federal Statute or Regulation, or violates any assurance or certification made, said action(s) shall be considered default by the Grantee. Upon default by the Grantee, LHA shall give the Grantee 10 days written notice to cure any default. A default under this Agreement, in the discretion of the Consortium may be considered a default of any other Agreement between the Grantee and Consortium for any HOME Funds program. The failure to cure any default within 10 days may result in the Consortium taking enforcement action as described in Section VIII Paragraph E.
