WHAT CONSTITUTES AN EVENT OF DEFAULT Sample Clauses

WHAT CONSTITUTES AN EVENT OF DEFAULT. Any of the following events constitutes Events of Default, which upon their occurrence give us the right to take action in accordance with clause 15.2:
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WHAT CONSTITUTES AN EVENT OF DEFAULT. Any of the following events constitutes Events of Default, which upon their occurrence give us the right to take action in accordance with clause 18.2:
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WHAT CONSTITUTES AN EVENT OF DEFAULT. The following constitute events of default, which upon their occurrence give us the right to take action in accordance with Clause 8.2:
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WHAT CONSTITUTES AN EVENT OF DEFAULT. The following constitute events of default, which upon their occurrence give us the right to take action in accordance with Clause 8.2: a. An insolvency event occurs in relation to you; b. You are an individual and you die or become of unsound mind; c. You are in breach of any warranty or representation made under this Agreement and/or any information provided to us in connection with this Agreement is or has become untrue or misleading; d. Any fee due to us is not paid in accordance with this Agreement; e. Whether or not any sums are currently due to us from you, where any cheque or other payment instrument has not been met on first expectation or is subsequently dishonoured or you have consistently failed to pay any amount owed to us in time; f. At any time or for any period deemed reasonable by us you are not contactable or you do not respond to any notice or correspondence from us; g. We reasonably believe it is prudent for us to take any or all of the actions described in Clause 8.2 in light of any relevant legal or regulatory requirement applicable either to you or to us; h. We reasonably consider that there are abnormal trading conditions; i. We reasonably consider it necessary for the protection of our rights under this Agreement; j. We consider that you may be in breach of any applicable law; k. We are so requested by ASIC, AUSTRAC or any other regulatory body or authority;
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Related to WHAT CONSTITUTES AN EVENT OF DEFAULT

  • Consequences of an Event of Default (a) If an Event of Default specified in subsections (a) through (l), (o), (p) or (q) of Section 7.01 shall occur and, be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent or any Lender may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans hereunder, and the Administrative Agent may, and, upon the written request of the Required Lenders shall, by notice to the Borrower, from time to time do any or all of the following:

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

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay any installment of principal and interest on any Equipment Note, the Mortgagee shall give prompt written notice thereof to each Note Holder. Subject to the terms of Sections 5.06, 6.02 and 6.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 6.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 6.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; provided, however, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Mortgagee shall not be deemed to have knowledge of a Default or an Event of Default (except, the failure of Owner to pay any installment of principal or interest within one Business Day after the same shall become due, which failure shall constitute knowledge of a Default) unless notified in writing by the Owner or one or more Note Holders.

  • Rights Upon Event of Default (a) As long as an Event of Default under this Agreement remains unremedied, Holders of not less than 50% of the outstanding Class Principal Balance of the Original Notes (in each case the outstanding Class Principal Balance of the Original Notes will be determined without regard to any exchanges of Class M Notes for MAC Notes) to which such Event of Default relates may, by written notice to Freddie Mac, declare such Notes due and payable and accelerate the maturity of such Notes. In the event that Class M Notes have been exchanged for MAC Notes, Holders of such MAC Notes will be entitled to exercise all the voting or direction rights that are allocated to such exchanged Class M Notes as described herein. Upon such acceleration, the Class Principal Balance of such Notes and the interest accrued thereon shall be due and payable.

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

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