Examples of Notice of Event of Default in a sentence
AND PRESERVATION OF SECURITY 4 On the Agent issuing the Notice of Event of Default (and the LICENSEE has not cured the default for a period of 30 days) as hereinabove provided or in other circumstances which in the considered opinion of the Agent is likely to affect adversely and substantially the Lenders’ security, the Lenders shall be entitled to institute protective legal proceedings for a receivership to preserve and protect their security.
The DIP Lender delivered to the Debtors on July 18, 2018 a Notice of Event of Default dated July 18, 2018 as a result of the Debtors’ failure to indefeasibly pay the Obligations by the Stated Maturity Date (the “Existing Default”).
Notification by the Security Trustee Notice of Event of Default The Security Trustee shall, as soon as reasonably practicable, send to the Offtaker a copy of any notice of an Event of Default served by or on behalf of the Lenders on the Generator.
On the Agent issuing the Notice of Event of Default (and the LICENSEE has not cured the default for a period of 30 days) as hereinabove provided or in other circumstances which in the considered opinion of the Agent is likely to affect adversely and substantially the Lenders’ security, the Lenders shall be entitled to institute protective legal proceedings for a receivership to preserve and protect their security.
DEFAULTS AND REMEDIES 55 Section 11.1 Events of Default 55 Section 11.2 Remedies 56 Section 11.3 Priority of Payments after Event of Default 56 Section 11.4 Reserved 58 Section 11.5 Termination of Proceedings 58 Section 11.6 Bondowners’ Direction of Proceedings 58 Section 11.7 Limitations on Rights of Bondowners 58 Section 11.8 Possession of Bonds by Trustee Not Required 59 Section 11.9 Remedies Not Exclusive 59 Section 11.10 No Waiver of Default 59 Section 11.11 Notice of Event of Default 59 ARTICLE XII.