WILFUL DEFAULTER Sample Clauses

WILFUL DEFAULTER. The Borrower shall be required to ensure that it shall not at any point of time during the currency of the Facilities so sanctioned to the Borrower by the Bank induct into the company any person who is a director on the board of any other company which has been classified as a wilful defaulter, and that in the event that the Bank ascertains that such a person has been inducted, then the Bank shall be within its rights to direct the Borrower to initiate appropriate steps for the removal of such a person.
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WILFUL DEFAULTER. The Borrower shall, have removed its director(s), whose name(s) appear in willful defaulters list maintained by RBI or CIBIL and/ or any other authority from its Board and/ or get their names deleted from the list maintained by the aforesaid authorities.
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WILFUL DEFAULTER. (a) No Obligor is on the wilful defaulter list of the RBI or has been identified as a wilful defaulter by any bank or financial institution in accordance with the parameters determined by RBI from time to time.
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WILFUL DEFAULTER. Neither the Company nor any of its directors have been declared to be a wilful defaulter. In the event of any of the directors of the Company is identified as a willful defaulter, the Company shall take expeditious and effective steps for removal of such director from the Board of Directors of the Company.
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WILFUL DEFAULTER. The inclusion of the Issuer or the Asset SPV in any list of wilful defaulters issued by the RBI from time to time.
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WILFUL DEFAULTER. Neither the Issuer nor the officers of the Issuer, its respective members of the governing board of the Investment Manager or the Sponsors (as applicable), have been included in the list of ‘wilful defaulters’ issued by the RBI or any financial institution.
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WILFUL DEFAULTER. In the event a director, partner, promoter, member or trustee, as the case may be, of the Issuer or the Asset SPV, is identified as wilful defaulter, the Issuer or the Asset SPV (as the case may be) shall take expeditious and effective steps for removal of such person.
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WILFUL DEFAULTER. The inclusion of any Obligor, in any list of wilful defaulters issued by the RBI from time to time.
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Related to WILFUL DEFAULTER

  • Fraud Any suspicion of fraud, waste, or abuse involving the contracting or certification of MWBEs shall be immediately reported to ESD’s Division of Minority and Women’s Business Development at (000) 000-0000. ALL FORMS ARE AVAILABLE AT: xxxx://xxx.xxx.xx.xxx/MWBE/Forms.asp

  • Misconduct Unless a Change of Control shall have occurred after the date hereof:

  • No Liability for Ordinary Negligence Neither Silicon, nor any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing Silicon shall be liable for any claims, demands, losses or damages, of any kind whatsoever, made, claimed, incurred or suffered by Borrower or any other party through the ordinary negligence of Silicon, or any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing Silicon, but nothing herein shall relieve Silicon from liability for its own gross negligence or willful misconduct.

  • No Fraud or Misrepresentation To the best of the Seller’s knowledge, each Receivable that was originated by a Dealer was sold by the Dealer to the Seller and by the Seller to the Purchaser without any fraud or misrepresentation on the part of such Dealer or the Seller, respectively.

  • Misrepresentation Any representation or statement made or deemed to be made by an Obligor in the Finance Documents or any other document delivered by or on behalf of any Obligor under or in connection with any Finance Document is or proves to have been incorrect or misleading in any material respect when made or deemed to be made.

  • Breach of Contract The failure of the Contractor to comply with any of the provisions, covenants or conditions of this Contract shall be a material breach of this Contract. In such event the County may, and in addition to any other remedies available at law, in equity, or otherwise specified in this Contract:

  • Dishonesty 6. Drinking alcoholic beverages on the job, or reporting to work while under the influence of intoxicating substances.

  • Liability for Breach of Contract 1. Any Party who violates the provisions of this Agreement and makes all or part of this Agreement unenforceable, shall be liable for breach of contract and shall compensate the other Party for the losses caused thereby (including the litigation fees and attorney fees caused thereby). If both Parties breach this Agreement, each shall bear the corresponding responsibility according to the actual situations.

  • Liabilities for Breach of Contract If any Party to this Agreement fails to, according to the provisions of this Agreement, appropriately and fully perform its obligations, such Party shall be liable for breach of contract. Any damages and costs incurred by the non-breaching Party, due to a breach of contract by the breaching Party, shall be paid by the breaching Party to the non-breaching Party.

  • Misrepresentations Borrower or any Person acting for Borrower makes any representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty, or other statement is incorrect in any material respect when made;

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