Default Event definition

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

Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

Default Event means the service of a Close-Out Notice with respect to any of the events set out in

Examples of Default Event in a sentence

• Tenant shall not permit the sale or service of any beer, wine or alcoholic beverages or the sale of tobacco products on the Premises and the sale of any such items shall be considered a Default Event.

• The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

• Such Default Event shall not excuse Purchaser’s obligations to make payments that otherwise would have been due under this Agreement.

• If we so terminate or suspend our Agreement with you, and/or if an event specified in term 4.14.3 occurs, such termination, suspension or event shall constitute a Default Event.

• The Principal Debtor shall immediately give notice to the Crown of any Default Event or any circumstance or event which, with the passage of time, the giving of notice or the taking of any other action would, or would be likely to, constitute or give rise to a Default Event.

More Definitions of Default Event

Default Event means an event where:

Default Event means any material breach by the Corporation of its obligations under this Certificate of Designations, other than a Non-Payment Event, which, if curable, is not cured on or prior to the 30th day after receipt of written notice from Ares after such default.

Default Event means a General Default or a Project Default;

Default Event means those events listed in clause 18.2.

Default Event means any of the following events: (i) any time when the Company fails to make a mandatory redemption of the Senior Preferred Stock when required (whether or not any contractual or other restrictions apply to such redemption, including restrictions imposed by the Bank Facility) pursuant to Section 5(a) hereof; or (ii) any time when the Company fails to make an offer to repurchase all of the outstanding shares of Senior Preferred Stock (or fails to consummate any such offer to repurchase) following a Change of Control, if such offer to repurchase is required to be made pursuant to Section 7(a) hereof (whether or not any contractual or other restrictions apply to such repurchase, including restrictions imposed by the Bank Facility).

Default Event means any of the circumstances set forth in Article 7 hereof.

Default Event means a scenario in which the CCP has declared in default: