EVENTS OF DEFAULT. 10.1 Each of the events or circumstances set out in the following paragraphs in this Condition 10.1 is an Event of Default:
(a) a default is made by the Issuer in the payment of any principal, premium or any other amount due in respect of the Bonds on its due date of payment (except where failure to pay is caused solely by administrative or technical error and payment is made within three (3) Business Days of its due date);
(b) failure by the Issuer to deliver any Shares as and when such Shares are required to be delivered following conversion of a Bond and such failure continues for a period of seven (7) Business Days;
(c) the occurrence of any event or circumstance which could reasonably likely to result in a Material Adverse Effect;
(d) the Issuer fails to perform or comply with one or more of its other obligations in the Bonds (other than those referred to in Conditions 10.1(a) to 10.1(c)), which default is incapable of remedy or, if capable of remedy, is not remedied within 7 days after written notice of such default shall have been given to the Issuer by a Bondholder;
(e) the Issuer is (or is, or could be, deemed by law or a court to be) insolvent or bankrupt or unable to pay its debts, stops, suspends or threatens to stop or suspend, payment of all or a substantial part of (or of a particular type of) its debts as they fall due, proposes or makes any agreement for the deferral, rescheduling or other readjustment of all of (or all of a particular type of) its debts (or of a substantial part which it will or might otherwise be unable to pay when due), proposes or makes a general assignment or an arrangement or composition with or for the benefit of the relevant creditors in respect of such debts or a moratorium is agreed or declared in respect of or affecting all or a substantial part of (or of a particular type of) the debts of the Issuer; an administrator or liquidator of the Issuer, or the whole or any part of the assets and revenue of the Issuer is appointed and such appointment is not discharged or stayed within 60 days;
(f) any Principal Subsidiary is (or is, or could be, deemed by law or a court to be) insolvent or bankrupt or unable to pay its debts, stops, suspends or threatens to stop or suspend, payment of all or a substantial part of (or of a particular type of) its debts as they fall due, proposes or makes any agreement for the deferral, rescheduling or other readjustment of all of (or all of a particular type of) its debts (or of a subst...
EVENTS OF DEFAULT. The following events shall be Events of Default (each an “Event of Default”) for the purposes of this Agreement:
EVENTS OF DEFAULT. 10.1. The following events shall be Events of Default for the purposes of these Terms and Conditions:
(a) in respect of any Contract, the Client fails to observe or perform on its due time and date any provision thereof (including, without prejudice to the generality of the foregoing, any of these Terms and Conditions), or in respect of any other agreement or transaction between the Client and CHIEF, the Client fails to observe or perform on its due date any provision thereof or the Client assigns or purports to assign the whole or any part of the benefit of any Contract; or
(b) the Client dies or commits an act of bankruptcy or, being a partnership is dissolved or enters into an arrangement or composition for the benefit of his / their creditors or ceases or threatens to cease to make payment of his / their debts: or
(c) an encumbrancer takes possession or a receiver, trustee or other similar office is appointed in respect of any part of the Client’s undertaking, assets or revenues or a distress, execution or other process is levied or enforced or sued out upon or against any property of the Client and is not removed, discharged or paid out in full within 7 days; or
(d) an administrator or similar officer is appointed, or an administration order made by the Court with respect to the Client or the whole or any part of the Client’s assets; or
(e) any money or security deposited as margin by the Client shall be determined by CHIEF at its sole discretion to be inadequate having regard to the value of Contracts entered into, or proposed to be entered into, by the Client; or
(f) there shall, without the prior written consent of CHIEF, be a debit balance on any account of the Client with CHIEF; or
(g) notwithstanding that none of the above events has occurred, CHIEF considers it necessary for its own protection.
10.2. Without prejudice to any other rights or remedies which CHIEF may have, if any of the Events of Default shall occur:
(a) CHIEF shall not, pending remedy thereof, be obliged to pay over any sum or deliver any assets held by way of security to the Client in respect of any Financial Futures transaction;
(b) CHIEF shall be entitled to suspend performance of any of its obligations to the Client howsoever arising and whether under any Contract or otherwise, including the payment of any sum or sums of money then due or which might thereafter become due, until such time as the Client has fully complied with all his/their obligations to CHIEF;
(c) CHIEF sha...
EVENTS OF DEFAULT. 11 . 1 . Events of Default. If one or more of the following events of default（each an“Event of Default”）shall occur and be continu- ing，the Agent and the Banks shall be entitled to the remedies set forth in Section 11 . 2
（a） The Borrower shall all to pay any amount payable hereunder as and when such amount shall become payable.
（b） The Borrower shall fail to perform or observe any covenant or agreement contained herein to be performed or observed by it oth- er than those referred to in Section 11 . 1（a），if such failure is not 涉外经济合同范例 remedied within thirty days after it occurs.
（c） Any representation or warranty of the Borrower in this Agreement or any other document delivered in connection with this Agreement shall prove to have been incorrect，incomplete or mislead- ing in any material respect at the time it was made or repeated or deemed to have been made or repeated.
（d） The Borrower or any Subsidiary shall fail to perform or ob- serve any covenant or agreement to be performed or observed by it contained in any other agreement involving the borrowing of money or the advance of credit to which the Borrower or such Subsidiary is a party as borrower or guarartor.
（e） The Borrower or any Subsidiary shall
（i） be dissolved，
（ii） fail or be unable to pay its debts as they become due，
（iii） commence a voluntary case in bankruptcy or any other action or proceeding for any other relief under any similar low affecting creditors’s
（iv） con- sent by answer or otherwise to the commencement against it of an in- voluntary case in bankruptcy or any other such action or proceeding of（v）have commenced against it an involuntary case in bankruptcy or any other such action or proceeding of such case or any other ac- tion or proceeding shall not be dismissed or stayed within sixty days following the commencement thereof or if any such dismissal or stay shall fail to remain in effect.
（f） Any governmental authorization necessary for the perfor- mance of any obligation of the Borrower under this Agreement or the Notes shall fail to remain valid and sub sisting in full force and ef- fect.
（g） Any governmental authority or court shall take any action which，in the reasonable opinion of Majority Banks，adversely affects 涉外经济合同 the condition of the Borro the Borrower to perform it Notes，if such action is not or if such rescission shall （h）The Borrower sha stantial part of its assets o of its business as now con 11 . 2 . Default Remed be contiuing，the Agent x Xxxxx，by notice to the ...