Breach of Covenants definition

Breach of Covenants means the failure to observe any or all of the Continuing Obligations.
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Breach of Covenants means non-compliance by the Issuer with any of the covenants referred to under Condition 3 (save for the First Financial Covenant).
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Breach of Covenants means non-compliance by the Issuer with any of the covenants referred to under Condition 3 (Covenants).
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Examples of Breach of Covenants in a sentence

  • The Optionee shall be considered to have been discharged for “Cause” if the Company determines, within 30 days after the Optionee’s resignation, that discharge for Cause was warranted.(d) Effect of Breach of Covenants.

  • Any increase in the Distribution Rate pursuant to this Condition 5(e) shall be notified by the Issuer to the Securityholders, the Trustee and the Agents in writing no later than the 14th day following (i) the 60th day following the occurrence of the Change of Control Event, (ii) the occurrence of the Breach of Covenants Event or (iii) the occurrence of the Relevant Indebtedness Default Event.

  • The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not more than 60 nor less than 30 days’ irrevocable notice to the Trustee, the Agents and the Holders of Securities at their principal amount (together with any Distribution accrued to (but excluding) the date fixed for redemption (including any Arrears of Distribution and any Additional Distribution Amount)) upon the occurrence of a Breach of Covenants Event.

  • None of the Trustee or the Agents shall be obliged to take any steps to ascertain whether a Change of Control Triggering Event, Breach of Covenants Event, an Indebtedness Default Event or a breach of Condition 4(d)(iv) has occurred or to monitor the occurrence of any Change of Control Triggering Event, Breach of Covenants Event, an Indebtedness Default Event or a breach of Condition 4(d)(iv), and shall not be liable to the Holders of Securities or any other person for not doing so.

  • If at the option of the Holder, the Holder advances any funds to the Company's transfer agent in order to process a conversion, such advanced funds shall be paid by the Company to the Holder within forty eight (48) hours of a demand from the Holder.33 Breach of Covenants.

  • Section 9.1 No Misrepresentation or Breach of Covenants and Warranties.

  • By either party, if a material change in its business or that of the other party occurs; or (c) Material Breach of Covenants.

  • On 7 April 2019 the Board resolved to appoint the Voluntary Administrators following the decision by the Syndicate Lenders to not extend the forbearance they had previously granted the Group in response to the Breach of Covenants.

  • Section 7.1. No Misrepresentation or Breach of Covenants and Warranties 53 Section 7.2. Necessary Consents, Notices and Approvals 53 Section 7.3. No Restraint 53 Section 7.4. Material Adverse Effect 53 Section 7.5. Material Contracts 54 Section 7.6. No Litigation 54 Section 7.7. Delivery of Ancillary Agreements 54 Section 7.8. Warehouse Facility 54 Section 7.9. Update of Bank and Brokerage Account Information 54 Section 7.10.

  • No Misrepresentation or Breach of Covenants and Warranties ..............................................


More Definitions of Breach of Covenants

Breach of Covenants means the failure to observe any or all of the Continuing Obligations.” “‘Continuing Obligations’ means your continuing obligations to the Company or a Subsidiary under the Employment Agreement or any other applicable employment, separation, withdrawal or other agreement with the Company or a Subsidiary.” “‘Employment Agreement’ means that certain Amended and Restated Employment Agreement between you and the Company dated as of March 17, 2010, as amended from time to time.”
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Breach of Covenants means the failure to observe any or all of the Continuing Obligations.”
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Related to Breach of Covenants

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Breach of trust means a breach of any duty imposed on a trustee by this Act or by the terms of the trust;

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Breach of system security means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of sensitive personal information maintained by a person, including data that is encrypted if the person accessing the data has the key required to decrypt the data. Good faith acquisition of sensitive personal information by an employee or agent of the person for the purposes of the person is not a breach of system security unless the person uses or discloses the sensitive personal information in an unauthorized manner. Business and Commerce Code 521.053(a)

  • Breach of Duty means the Director or Officer breached or failed to perform his or her duties to the Corporation and his or her breach of or failure to perform those duties is determined, in accordance with Section 8.04, to constitute misconduct under Section 180.0851 (2) (a) 1, 2, 3 or 4 of the Statute.

  • BREACH OF CONTRACTUAL OBLIGATION means amongst others also the following:

  • Intentional Breach means, with respect to any representation, warranty, agreement or covenant, an action or omission taken or omitted to be taken that the breaching party intentionally takes (or intentionally fails to take) and knows (or reasonably should have known) would, or would reasonably be expected to, cause a material breach of such representation, warranty, agreement or covenant.

  • Breach means an impermissible use or disclosure of electronic or non-electronic sensitive personal information by an unauthorized person or for an unauthorized purpose that compromises the security or privacy of Confidential Information such that the use or disclosure poses a risk of reputational harm, theft of financial information, identity theft, or medical identity theft. Any acquisition, access, use, disclosure or loss of Confidential Information other than as permitted by this DUA shall be presumed to be a Breach

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • Breach of the security of the system means unauthorized acquisition or acquisition without valid authorization of physical or computerized data which compromises the security, confidentiality, or integrity of personal information maintained by the district. Good faith acquisition of personal information by an officer or employee or agent of the district for the purposes of the district is not a breach of the security of the system, provided that the private information is not used or subject to unauthorized disclosure.

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.

  • Torture means the intentional infliction of severe pain or suffering, whether physical or mental, upon a person in the custody or under the control of the accused; except that torture shall not include pain or suffering arising only from, inherent in or incidental to, lawful sanctions;

  • Environmental Damages means all liabilities (including strict liability), losses, damages (excluding consequential, special, exemplary or punitive damages except to the extent such damages were imposed upon an Indemnitee as a result of any claims made against such Indemnitee by a governmental entity or any other third party), judgments, penalties, fines, costs and expenses (including fees, costs and expenses of attorneys, consultants, contractors, experts and laboratories), of any and every kind or character, at law or in equity, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, made, incurred, suffered, brought, or imposed at any time and from time to time, whether before or after the Release Date and arising in whole or in part from:

  • Covenants means the covenants set forth in Section 4 of this Agreement.

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Warranties - means collectively any and all warranties (if any) given by the Bidder in terms of this agreement.

  • Material Damage and “Materially damaged” means damage (w) resulting in the Property not complying with all legal requirements applicable to the Property, (x) reasonably exceeding $300,000 or (y) that entitles any tenant of the Property to terminate its Lease, or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair.

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.

  • Environmental Damage means any material injury or damage to persons, living organisms or property or any material pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Limitation of Liability PrimePay has negotiated preferred terms and conditions with FD as a service to PrimePay Clients. Client understands that FD, and not PrimePay, will be performing those services and that Client will enter its own service agreement(s) with FD for such services under terms and conditions specified by FD and agreed to by Client. Accordingly, Client acknowledges that FD shall be the provider of Payment Processing Services hereunder and that PrimePay shall have no liability whatsoever for or related to the performance of those services, including any and all damages, costs and related expenses (including attorney fees).

  • Representations means the written Representations and Warranties provided by Borrower to Silicon referred to in the Schedule.

  • Non-Recourse Parties has the meaning provided in Section 12.16.

  • threat of serious injury means serious injury that is clearly imminent;

  • Special Damages has the meaning specified in Section 11.21.