Client Event of Default definition

Client Event of Default means (a) if the Client fails to perform any of its material obligations or contravenes any provision under the applicable Agreement; or (b) if SKYTRAC, in its sole discretion considers Client to be unacceptable credit risk and becomes unable to pay its debts, or if the Client enters into liquidation, makes an arrangement with its creditors, becomes subject to an administration order or a receiver or administrative receiver is appointed over all or any of its assets or takes or suffers to be taken any similar action in consequence of a debt, ceases or threatens to cease trading or is dissolved, or any procedure equivalent to any of the preceding matters occurs in any other jurisdiction with respect to the Client.
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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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Examples of Client Event of Default in a sentence

  • If the Agreement is terminated for any Client Event of Default (as defined below), the Client is not entitled to any refunds or credits for any Fees, Rates or Prices paid to SKYTRAC under the applicable Agreement.

  • Without limiting the foregoing, in the event that the Client has committed a Client Event of Default, SKYTRAC will be entitled to collect all past and present amounts due and owing under the applicable Agreement.

  • 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.

  • 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.

  • Subject to no winding-up having occurred in relation to the Client and no other Client Event of Default continuing, the Security Agent may (if so instructed by a majority of the Financing Parties) at any time after the crystallisation the floating Charge under Clause3.4 reconvert the fixed Charge into a floating Charge in relation to the relevant Charged Assets.

  • As between the Client and the Security Agent, the Charges will be enforceable, and the power of sale and other powers conferred by Section 24 of the Property Act (as varied and extended by the Debenture Terms) and all the other powers conferred on the Security Agent by the Debenture Terms will be exercisable at any time after the occurrence of a Client Event of Default.

  • The Client will, upon the occurrence of a Client Event of Default and while it is continuing, deliver to the Security Agent executed originals of all Assigned Contracts as are in effect, and will promptly deliver such notices and other documents relating to the Assigned Contracts as is necessary to create, maintain and perfect the Security expressed to be created under the Debenture Terms and such other terms as the Security Agent reasonably requires.

  • Client can initiate a redelivery of Cash upon a Xxxxx Fargo Event of Default or a Termination Trigger Event invoked by Client, and Xxxxx Fargo can initiate redelivery of Cash upon a Client Event of Default or a Termination Trigger Event invoked by it.

  • After the occurrence of a Client Event of Default and while it is continuing, the Client will exercise all its rights, powers and discretions under each Assigned Contract in accordance with the instructions of the Security Agent.

  • Payplant shall have the unrestricted right to terminate or to temporarily suspend Client’s registration rights on the Platform at any time for any or no reason whether or not a Client Event of Default then exists.


More Definitions of Client Event of Default

Client Event of Default shall have the meaning set forth in Section 18.1(a)(ii).
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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). “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 has the meaning set forth in Section 10.01(a)(ii).
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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 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 shall have the meaning set forth in Section 18.3.

  • 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 the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • 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 the Senior Loan Documents.

  • Event of Default has the meaning specified in Section 8.01.

  • 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).

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

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

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • 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.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).