An Event Sample Clauses
The "An Event" clause defines a specific occurrence or set of circumstances that may trigger certain rights, obligations, or consequences under the agreement. In practice, this clause typically outlines what constitutes an event for the purposes of the contract, such as a breach, default, or the happening of a particular condition. By clearly identifying what qualifies as an event, the clause ensures all parties understand when contractual provisions are activated, thereby reducing ambiguity and helping to manage risk.
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An Event of Servicer Termination shall not affect the rights and duties of the parties hereunder other than those relating to the management, administration, servicing, custody or collection of the Contracts or the payment of certain expenses by the successor Servicer, in each case, as expressly set forth herein.
An Event of Default shall occur if:
An Event of Default that occurs shall exist or continue or be continuing unless such Event of Default is waived by Lender in accordance with the terms of this Agreement;
An Event of Default as defined in the ------------------ Participation Agreement shall constitute an "Event of Default" under this Lease. ----------------
An Event of Default shall be cured only when Assignor shall have paid and satisfied in full all Obligations and other sums owing and past due and shall have performed all other terms, covenants and conditions, the failure of performance of which terminated the license herein above mentioned, or shall have received a written waiver from Assignee of such Event of Default.
An Event of Default under this Guarantee will occur upon the failure of the Guarantor to perform any of its payment or other obligations hereunder. The Holders of a Majority in liquidation amount of the Capital Securities may, voting or consenting as a class, on behalf of the Holders of all of the Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and shall be deemed to have been cured, for every purpose of this Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
An Event of Bankruptcy shall have occurred ---------- and remained continuing with respect to Seller.
An Event of Default shall mean (1) the occurrence of an event (and the lapse of all applicable cure periods) which would allow the holder of the Note to declare the Note immediately due and payable and (2) the breach of any representation, warranty or covenant of the Pledgor made herein.
a. Unless and until there exists an Event of Default, the Pledgor shall be entitled to exercise all voting and other consensual rights pertaining to the Pledged Securities and shall be entitled to receive and retain any cash dividends thereon and any cash distributions made in respect thereof.
a. In the event the Pledge Agent sells the Pledged Securities pursuant to Paragraph 3(c) the Pledge Agent on behalf of the Pledgees shall have all of the rights of a secured party upon the occurrence of a default under the Uniform Commercial Code then in effect in the State of New York; and without limiting the generality of the foregoing, upon the occurrence of a Default, the Pledgees shall have the right at any time or times to direct the Pledge Agent to sell, resell, assign and deliver, all in a commercially reasonable manner, the Pledged Securities or any part thereof, in one or more parcels, at such price or prices as shall be commercially reasonable, at public or private sale, at any exchange or broker's board or elsewhere.
An Event of Default shall occur under this Note if Borrower shall (i) fail to pay any amount due and payable hereunder, and such failure shall continue for 15 days after notice thereof, (ii) file a petition in bankruptcy or petition to take advantage of any insolvency act, (iii) make an assignment for the benefit of its creditors, (iv) consent to the appointment of a receiver of itself or of the whole or any substantial part of its property, (v) have a petition in bankruptcy filed against it which petition is not removed or discharged within 30 days from the date of filing, or be adjudicated a bankrupt, or (vi) file a petition or answer seeking reorganization or arrangement under the federal bankruptcy laws or any other applicable law or statute of the United States or any state thereof.
An Event of Default under and as defined in any Loan Document shall occur and be continuing or Borrower or any Guarantor shall fail to observe or perform any covenant or agreement contained in any of the Loan Documents to which it is a party (other than those expressly covered by any other clause of this Section 8.1.) and such failure shall continue beyond any applicable period of grace;