Event of Default 样本条款

Event of Default. 13.1. Any one of the following events shall constitute an event of default (“Event of Default”): (a) the Client's failure to pay any deposits, Margins, premium, exercise price of any Options Contract payable by it or any other sums payable to the GTJAS in connection with the Account(s), or submit to GTJAS any documents or deliver any securities to GTJAS hereunder, when called upon to do so or on due date; (b) default by the Client in the due performance of any of the terms of this Agreement including its delivery and settlement obligations and the observance of any Rules; (c) Client breaches, repudiates, or defaults in any way on any agreement with GTJAS or with any third party; (d) the Client's failure to liquidate any debit balance or any of the Client's Account(s), when called upon to do so or otherwise agreed; (e) the filing of a petition in bankruptcy, winding up, relief of debtors or the commencement of other analogous proceedings against the Client; (f) Client makes an assignment for the benefit of creditors; (g) a receiver, trustee, conservator, liquidator, or similar officer is appointed for the Client or any of the Client’s property; (h) the death of the Client (being an individual); (i) the levy or enforcement of any attachment, execution or other process against the Client; (j) any representation or warranty made by the Client to GTJAS in this Agreement or in any document being or becoming incorrect or misleading; (k) any consent, authorisation or board resolution required by the Client (being a corporation or a partnership) to enter into this Agreement being wholly or partly revoked, suspended, terminated or ceasing to remain in full force and effect; (l) the occurrence of any event which, in the sole opinion of GTJAS, might jeopardize any of its rights under this Agreement; (m) GTJAS has made at least two attempts to demand from the Client any Margin, but, for whatever reason, has not been able to communicate directly with the Client; (n) any proceeding is commenced with respect to any of Client’s property; and (o) GTJAS has reason to believe that any of the foregoing is likely to occur imminently.

Event of Default. Subject to Clause 10 above, if any of the following events of default occurs, all Loans, all accrued interest and all relevant fees and charges shall become immediately due and payable by the Borrower to the Bank without demand,:- a) any loan, liability, payment obligation or other indebtedness of the Borrower owing to the Bank, other than the Loan, becomes capable of being declared due prematurely by reason of default of the Borrower, or the Borrower fails to make any payment of all or any of them when due, or any security for any such loan, liability, payment obligation or other indebtedness becomes enforceable; or b) the Borrower fails to comply with any terms and/or conditions of these Terms and Conditions or any representation, warranty or statement by the Borrower in these Terms and Conditions or other document (including self-certification) furnished to the Bank is incorrect or misleading; or c) any petition is presented or any order is made by any competent court or other appropriate authorities for bankruptcy of the Borrower or for the appointment of a receiver, trustee or similar official of all or any part of assets of the Borrower.

Event of Default. The Borrower will be deemed to have breached these Terms and Conditions if any of the following events occurs. The outstanding principal amount of the Loan, all accrued interest and all relevant fees and charges shall become immediately due and payable by the Borrower to the Bank without demand, :- (a) any loan, liability, payment obligation or other indebtedness of the Borrower with the Bank, other than the Loan, becomes capable of being declared due prematurely by reason of default of the Borrower, or the Borrower fails to make any payment when due, or when any security for any such loan, liability, payment obligation or other indebtedness becomes enforceable; or (b) any petition is presented or any order is made by any competent court or other appropriate authorities for bankruptcy of the Borrower or for the appointment of a receiver, trustee or similar official of all or any part of assets of the Borrower.