Examples of Company Event of Default in a sentence
In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period the GOB may exercise its rights and remedies with respect to such default set forth in this Agreement, and the GOB may immediately terminate this Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.
In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period BPDB may exercise its rights and remedies with respect to such default set forth in this Agreement and BPDB may immediately terminate this Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.
During the Evaluation Period BPDB’s rights and remedies with respect to a Company Event of Default shall be suspended.
During the Evaluation Period, the GOB’s rights and remedies with respect to a Company Event of Default shall be suspended.
In the event of the shortfall between the contracted capacity and the tested capacity exceeding 4%, it will constitute Company Event of Default as it would amount to deviating materially from Prudent Utility Practices.