Examples of Contributor Event of Default in a sentence
Notwithstanding anything to the contrary contained in this Agreement, this Agreement may not be assigned by the Contributor except as provided in Section 4.01(a), without the prior written consent of Company and this Agreement may not be assigned by Company without the prior written consent of the Lender and, so long as no Contributor Event of Default has occurred and is continuing, the Contributor.
Pledgor will not allow any Contributor Event of Default (as defined in the Contribution Agreement) under clause (d) of the definition thereof to occur in respect of the Pledged Collateral, and shall fully perform or cause to be performed when due all of its obligations under and in respect of the Pledged Collateral.
Upon the occurrence of a Contributor Event of Default, the Contributee shall have the right to terminate its obligation to consummate the transactions contemplated by this Agreement with respect to the Property or the related Equity Interests, as applicable, as to which the Contributor Event of Default relates by delivery of notice thereof to the Contributors, in which event such Property shall become an Unapproved Property.
Notwithstanding anything to the contrary contained in this Agreement, (a) except in connection with a Qualified Change of Control, this Agreement may not be assigned by Contributor without the prior written consent of Company and, prior to the Maturity Date, Lender, and (b) this Agreement may not be assigned by Company without the prior written consent of (i) so long as no Contributor Event of Default has occurred and is continuing, Contributor, and (ii) prior to the Maturity Date, Lender.
In addition to the foregoing, in the event of a termination of this Agreement pursuant to Sections 3.5 or 16.1(a) with respect to one or more Unapproved Properties as a result of a Contributor Event of Default, (i) the Contributor which is the subject of such Contributor Event of Default shall pay the Contributee the Fee or (ii) the Contributee may, as an alternative remedy to that set forth in clause (i), seek specific performance of the terms of this Agreement as to such Unapproved Property.
A failure to satisfy any condition set forth below shall be a Contributor Event of Default.