Terms of Default. If Grantee materially fails to comply with any term of this Agreement, including, but not limited to:
1. Failure to comply with any of the rules, regulations or provisions referred to herein , or such statutes, regulations, executive orders, and HUD guidelines, policies or directives as may become applicable at any time;
2. Failure, for any reason, of the Grantee to fulfill in a timely and proper manner its obligations under this Agreement;
3. Ineffective or improper use of funds provided under this Agreement; or
4. Submission by the Grantee to LHA reports that are incorrect or incomplete in any material respect 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 D.
Terms of Default. 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. 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:
1. Failure to comply with any of the rules, regulations or provisions referred to herein , or such statutes, regulations, executive orders, and HUD guidelines, policies or directives as may become applicable at any time;
2. Failure, for any reason, of the Grantee to fulfill in a timely and proper manner its obligations under this Agreement;
3. Ineffective or improper use of funds provided under this Agreement; or
4. Submission of reports that are incorrect or incomplete in any material respect said action(s) shall be considered default by the Grantee. Upon default by the Grantee, the Consortium 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.
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. Principles to be Applied in the event of Default
Terms of Default. 23.1 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 Agreement, 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. Investors positions are stopped out/liquidated automatically by the Trading Platform if their equity/margin requirement ratio hits below a pre-defined percentage. Investor can see his/hers margin call and stop out levels on the website xxx.xxxxx.xxx, and Investor declares that he/she approves them. Finveo does not guarantee to liquidate all positions at the exact point of stop out level, because the prices can change due to the market conditions, latency on internet connection or other technical issues. After liquidation has been done, Investor’s current equity/margin reqirement ratio may be lower/higher than the stop out level. 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. In the event that the Investor becomes due in accordance with the provisions of this Agreement, or the receiv- xxxxx 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 fina...
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.
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;
Article 3. 1) of the original Tiger•Xxxx Purchase & Sale Agreement dated January 20, 2008, shall apply.
ii) Valor will provide compensation to Hollund for the payments made on the technology.
Terms of Default. It is a Default, whether or not it is within the control of a Transaction Party, if:
(a) FAILURE TO PAY AMOUNT OWING: a Transaction Party fails to pay interest or any other part of the Amount Owing when due;
Terms of Default. 18.1. Principles to be Applied in the event of Default
17.2. Pravo RSI Global Investicionog društva na zalogu, prenos, kliring, retenciju i prisvajanje ČLAN 18 – RASKIDNI USLOVI
18.1. Načela koja se primenjuju u slučaju neizvršenja U slučaju da saldo gotovine računa Investitora nije dovoljno za podmirivanje finansijskih obaveza, uključujući, ali ne ograničavajući se na garancije /kolaterale i transakcione troškove/izdatke, Investitor xx xxxxx da pokrije u skladu sa ovim sporazumom, a Investitoe ne plati ovaj iznos na RSI Global Investiciono društvo račun na xxx podnošenja zahtjeva ili xxx plaćanja iako je on / ona obaviješten, smatraće se da Investitor nezivršava svoje dospjele obaveze bez ikakvog daljnjeg obaveštenja. U slučaju da se dogodi bilo koja xx xxxx navedenih situacija neizvršenja i/ili događaj kojći e značajno uticati na finansijsku situaciju Investitora i mogućnost bilo kakve takve pojave je velika ako se procijeni prema objektivnim kriterijumima, Investitor pristaje, izjavljuje i obavezuje se undertakes that all receivables of RSI Global Investment firm shall immediately become due; and these receivables, which are due, shall be collected ex officio by RSI Global Investment firm from cash, rights, receivables, financial instruments, movable property and all kinds of Financial Assets of the Investor based on RSI Global Investment firm’s right to exercise lien, transfer, clearing, retention and appropriation on all types of securities without the need for any execution proceedings. In case RSI Global Investment firm 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 RSI Global Investment firm 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 RSI Global Investment firm in accordance with Law and allows the transfer of these financial instruments to RSI Global Investment firm 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 RSI Global Investment firm. In the event that the Investor becomes i...
