Examples of Event ofDefault in a sentence
Each of the following is such an event and will be an Event ofDefault, as will anything else that you agree with us is an Event of Default.
If at any time during the Term a monetary Event ofDefault by Tenant occurs, and the result of which is that this Lease terniinates, then the abatement of Basic Rent provided for in this Section 4(a) shall immediately become void, and Tenant shall promptly pay to Landlord, in addition to all other.
The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event ofDefault and stating that such notice is a “notice of default”.
Provided, that nothing contained in this Section 15.21 shall prejudice the right of the Lender to charge any Default Interest in accordance with Section 5.2 (Default Interest) during occurrence and continuance of an Event ofDefault.
The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Agent has received written notice from a Lender or the Borrowers referring to this Agreement, describing such Default or Event ofDefault and stating that such notice is a “notice of default.” In the event that the Agent receives such a notice, the Agent shall promptly give notice thereof to the Lenders.