Fraud event definition

Fraud event means any of the following, when such event results in direct financial loss to an “insured”:
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Fraud event. As defined in Section 10.7.
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Fraud event means the occurrence of any of the following events: (i) Company or any Subsidiary has misappropriated (or any Subsidiary or Company has caused the other to misappropriate) any proceeds of any Collateral (as defined in the Documents), (ii) Company or any Subsidiary has embezzled funds from the other, (iii) any Subsidiary and/or Company has converted (or Company or any Subsidiary has caused the other to convert) any real or personal property of Company or any Subsidiary, including but not limited to any Collateral, (iv) any Subsidiary and/or Company has committed (or Company or any Subsidiary has caused the other to commit) fraud against Laurus, including any material and willful misrepresentation made (or caused to be made) by any Subsidiary and/or by Company with respect to any of the representations and warranties contained in the Documents or the accuracy of any information provided to Laurus concerning the Collateral, or in any other document delivered to Laurus in connection with the transactions contemplated by the Documents or, (v) any director or shareholder of Company or of any Subsidiary shall have taken any action referred to in any of the foregoing clauses (i) - (iv).
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Examples of Fraud event in a sentence

  • Except in connection with (i) a Fraud Event and (ii) inaccuracies in or breaches of any of the Fundamental Representations, the Sellers shall not be liable for any Losses arising under ‎Section 10.02(a)(1)(i) until the aggregate amount of Losses exceeds US$130,000 (the “Basket”); provided, however, that if such aggregate amount exceeds the Basket, then the Purchaser Indemnified Parties shall be entitled to indemnification for all such Losses, disregarding the Basket.

  • The occurrence of a Fraud Event or the Holder's reasonable belief that a Fraud Event has occurred.

  • Except in connection with (i) a Fraud Event and (ii) inaccuracies in or breaches of any of the Fundamental Representations, the Sellers shall not be liable for any Damages arising under this Section ‎9 until the aggregate amount of Damages exceeds USD 150,000 (one hundred fifty thousand United States dollars) (the “Basket”); provided, however, that if such aggregate amount exceeds the Basket, then the Indemnitees shall be entitled to indemnification for all such Damages, disregarding the Basket.


More Definitions of Fraud event

Fraud event means any of the following, when such event is wholly or partially perpetrated through acomputing device or connected home device and results in direct financial loss to a Member:
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Fraud event means any of the following, when such event results in direct financial loss to “you”:
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Fraud event means the occurrence of any of the following events: (a) Guarantor and/or any Borrower have misappropriated (or Guarantor has caused any Borrower to misappropriate) any proceeds of any Collateral or the proceeds of any loans made to the Borrowers pursuant to the Loan Agreement, (b) Guarantor has embezzled funds from a Borrower, (c) Guarantor and/or a Borrower have converted (or Guarantor has caused a Borrower to convert) any material real or personal property of a Borrower, including but not limited to any Collateral or (d) Guarantor and/or a Borrower have committed (or Guarantor has caused a Borrower to commit) fraud against the Laurus, including any material and willful misrepresentation made (or caused to be made) by the Guarantor and/or by a Borrower with respect to any of the representations and warranties contained in the Loan Agreement or the accuracy of any information provided to the Laurus concerning the Collateral, including but not limited to Equipment, Accounts and/or Inventory, or in any other document delivered to the Laurus in connection with the making of any loan, the extension of any credit, the forbearance from taking action or in connection with any other transaction contemplated thereby. Guarantor acknowledges that Guarantor (a) has had ample opportunity to consult with its own counsel and any such other persons as deemed advisable prior to signing and delivering this Guaranty, (b) understands the provisions of this Guaranty, including all waivers contained herein, and (c) signs and delivers this Guaranty freely and voluntarily, without duress or coercion. This Guaranty shall be governed by the laws of the State of New York. WITHOUT LIMITING THE RIGHT OF LAURUS TO ENFORCE THIS GUARANTY IN ANY JURISDICTION AND VENUE PERMITTED BY APPLICABLE LAW: (I) GUARANTOR AGREES THAT THIS GUARANTY MAY AT THE OPTION OF LAURUS BE ENFORCED BY LAURUS IN EITHER THE STATE OF NEW YORK OR IN ANY OTHER JURISDICTION WHERE GUARANTOR, BORROWER OR ANY COLLATERAL FOR THE OBLIGATIONS OF BORROWER MAY BE LOCATED, (II) GUARANTOR IRREVOCABLY SUBMITS TO JURISDICTION IN THE STATE OF NEW YORK AND VENUE IN ANY STATE OR FEDERAL COURT IN THE COUNTY OF COOK FOR SUCH PURPOSES, AND (III) GUARANTOR WAIVES ANY AND ALL RXXXXS TO CONTEST SAID JURISDICTION AND VENUE AND THE CONVENIENCE OF ANY SUCH FORUM AND ANY AND ALL RIGHTS TO REMOVE SUCH ACTION FROM STATE TO FEDERAL COURT. GUARANTOR FURTHER WAIVES ANY RIGHTS TO COMMENCE ANY ACTION AGAINST LAURUS IN ANY JURISDICTION EXCEPT IN THE...
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Fraud event means the occurrence of any of the following events: (i) the Borrower or any of its Subsidiaries have misappropriated (or any Subsidiary or the Borrower has caused the other to misappropriate) any proceeds of any Collateral (as defined in the Laurus Related Agreements) or the proceeds of any advances made by the Holder to the Borrower under the Laurus Notes in each case in excess of $10,000, (ii) the Borrower or any Subsidiary has embezzled funds from the other, (iii) any Subsidiary and/or the Borrower has converted (or the Borrower or any Subsidiary has caused the other to convert) any material real or personal property of the Borrower or any Subsidiary, including but not limited to any Collateral, in each case in excess of $10,000 or (iv) any Subsidiary and/or the Borrower have committed (or the Borrower or any Subsidiary has caused the other to commit) fraud against the Holder, including any material and willful misrepresentation made (or caused to be made) by any Subsidiary and/or by the Borrower with respect to any of the representations and warranties contained in the Laurus Purchase Agreements or the accuracy of any information provided to the Holder concerning the Collateral, or in any other document delivered to the Holder in connection with the making of any advance under the Laurus Notes, the extension of any credit, the forbearance from taking action or in connection with any other transaction contemplated thereby.
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Related to Fraud event

  • Covered Event means any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity.

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Widely attended event means an event at which at least 25 persons have been invited to attend or there is a reasonable expectation that at least 25 persons will attend the event and the event is open to individuals (i) who are members of a public, civic, charitable or professional organization, (ii) who are from a particular industry or profession or (iii) who represent persons interested in a particular issue.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Designated Event with respect to X means that:—

  • Public event means any event that can be attended by the

  • Insured Event shall have the meaning given such term in Section 12.4.

  • Put Event means the occurrence of any of the following:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Barrier Event means that R (final) is lower than the Barrier.

  • Prior Related Event means any transaction, event, circumstance, action, failure to act, occurrence of any sort or type, whether known or unknown, which occurred, existed, was taken, permitted or begun at any time prior to the Effective Date or occurred, existed, was taken, was permitted or begun in accordance with, pursuant to or by virtue of any of the terms of the Credit Agreement or any documents executed in connection with the Credit Agreement or which was related to or connected in any manner, directly or indirectly, to any of the Notes or Letters of Credit.

  • OFAC Event means the event specified in Section 8.13(c) hereof.

  • Listed Event means any of the events listed in Section 5(a) of this Disclosure Certificate.

  • 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.

  • Excluded Events has the meaning set forth in Section 6.1(d)(ii).

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Release Event has the meaning set forth in Section 6(b).

  • Repudiation/Moratorium Evaluation Date means, if a Potential Repudiation/Moratorium occurs on or prior to the Credit Observation End Date (i) if the Obligations to which such Potential Repudiation/Moratorium relates include Bonds, the date that is the later of (A) the date that is sixty days after the date of such Potential Repudiation/Moratorium and (B) the first payment date under any such Bond after the date of such Potential Repudiation/Moratorium (or, if later, the expiration date of any applicable Grace Period in respect of such payment date) and (ii) if the Obligations to which such Potential Repudiation/Moratorium relates do not include Bonds, the date that is sixty days after the date of such Potential Repudiation/Moratorium; provided that, in either case, the Repudiation/Moratorium Evaluation Date shall occur no later than the Credit Observation End Date unless the Repudiation/Moratorium Extension Condition is satisfied.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Book-Down Event means an event that triggers a negative adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction

  • Distress Event means any of: