Client Event of Default definition

Client Event of Default means the occurrence and continuance of any of the following events, acts, occurrences or conditions described in Paragraphs 1 through 8 below, for whatever reason:
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Client Event of Default means each of the events or circumstances described as a Client default under Section 29.1 of this Agreement.
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Client Event of Default shall have the meaning set forth in Section 18.1(a)(ii).
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Examples of Client Event of Default in a sentence

  • Client shall promptly notify Team San Xxxx of the occurrence of any Client Event of Default, including, without limitation, the occurrence of any material event or change in circumstances which renders inaccurate any representation or assertion made to Team San Xxxx or which renders Client in violation of any other term or provision of this Agreement.

  • Notwithstanding the foregoing, Payplant shall have the right to exercise Enforcement Rights against a Defaulting Client or a Debtor (as applicable) by filing suit before a court of competent jurisdiction, or otherwise, and nothing under this Section 30 shall in any way impair or otherwise affect the Enforcement Rights available to Payplant following a Client Event of Default.

  • While Client is registered with Payplant and no Client Event of Default exists, Client is authorized to post Client’s Eligible Receivables for sale to Payplant.

  • Payplant shall have the following Enforcement Rights following the occurrence of any Client Event of Default.

  • Client agrees that Payplant may, at any time before or after the occurrence of a Client Event of Default, and at Payplant’s sole election, notify all or selected Registered Debtors of the fact that their Invoice Payment Obligations have been or may be sold on the Platform, or otherwise encumbered in favor of Payplant, and Payplant shall have the further right to instruct or reinstruct such Registered Debtors to make their respective Invoice Payments directly to Payplant at the Lockbox Account address.

  • Upon the occurrence of a Client Event of Default, and at any time thereafter, Payplant shall have all of the rights of a secured party under the UCC and other Applicable Law.


More Definitions of Client Event of Default

Client Event of Default has the meaning set forth in Section 10.01(a)(ii). “Custodial Accounts” means with respect to the Group 1 Assets, the Group 6 Assets and the Group 8 Assets, those custodial accounts used for depositing and/or disbursing all custodial funds related to the Mortgage Loans and maintained in accordance with Applicable Requirements and this Agreement. “Customer Information” means any personally identifiable information in any form (written, electronic or otherwise) relating to a Mortgagor, including, but not limited to: a Mortgagor’s name, address, telephone number, Mortgage Loan number, Mortgage Loan payment history, delinquency status, insurance carrier or payment information, tax amount or payment information; the fact that the Mortgagor has a relationship with the owner of the Servicing to such Mortgagor’s Mortgage Loan; and any other personally identifiable information. “Depository Accounts” means the accounts used for depositing and clearing all amounts received with respect to the Mortgage Loans, including, without limitation, Mortgagor payments, wire transfers, ACH or other electronic transfers, payoff funds, and claim payments, and for processing “NSF” checks. “Document Custodian” means the applicable financial institution designated in accordance with the Servicing Agreements to retain possession of the Mortgage Documents. “EDP” means the electronic data processing system used by BANA. “Expiration Date” has the meaning set forth in Section 1.02(c). “Xxxxxx Mae” means the Federal National Mortgage Association or any successor thereto. “FHA” means the Federal Housing Administration a division of HUD or any successor thereto.
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Client Event of Default means the occurrence of any of the following events:
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Client Event of Default means that Client or any Controlling Shareholder of Client (i) is the subject of a criminal indictment or an equivalent criminal proceeding before any court or tribunal for a felony or for a crime involving moral turpitude or dishonesty (or an attempt of dishonesty) or for criminal activity that is punishable by imprisonment, (ii) is or becomes bankrupt or insolvent, or (iii) is in material breach or default under this Agreement.
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Client Event of Default has the meaning set forth in Section 10.01(a)(ii).
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Client Event of Default has the meaning set forth in Section 6.1(c).
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Related to Client Event of Default

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;