Default and Rights and Remedies Sample Clauses
The "Default and Rights and Remedies" clause defines what constitutes a breach or default under the agreement and outlines the actions the non-defaulting party may take in response. Typically, this clause specifies the events that trigger a default, such as failure to pay or perform obligations, and details the remedies available, which may include termination of the contract, seeking damages, or requiring specific performance. Its core function is to provide a clear framework for addressing breaches, ensuring both parties understand their rights and the consequences of non-compliance, thereby reducing uncertainty and potential disputes.
Default and Rights and Remedies. 60 Section 7.1
Default and Rights and Remedies. Upon the occurrence of default, Lender shall have the rights and remedies set forth in the Note and the rights and remedies available to Lender under applicable law.
Default and Rights and Remedies. 36 Section 6.1 Events of Default............................................ 36 6.1.1 Failure to Pay............................................... 37 6.1.2 Breach of Representations and Warranties..................... 37 6.1.3 Failure to Comply with Covenants............................. 37 6.1.4 Default Under Other Financing Documents or Obligations....
Default and Rights and Remedies. 83 Section 7.1 Events of Default. 83 7.1.1 Failure to Pay. 83 7.1.2
Default and Rights and Remedies. Section 7.2 7.2.1 7.2.2 7.2.3 7.2.4 7.2.5 7.2.6 7.2.7
Default and Rights and Remedies. Upon the occurrence of default, Lender shall have the rights and remedies set forth in the Note, the Pledge Agreement, the Guaranty, the Consolidated Capital Security Agreement, the Stone Pine Colorado Security Agreement and the rights and remedies available to Lender under applicable law.
Default and Rights and Remedies. 57 Section 7.1 Events of Default. 57 7.1.1 Failure to Pay. 57 7.1.2 Breach of Representations and Warranties. 57 7.1.3 Failure to Comply with Covenants. 57 7.1.4 Default Under Other Financing Documents or Obligations. 57 7.1.5 Receiver; Bankruptcy. 57 7.1.6 Involuntary Bankruptcy, etc. 58 7.1.7 Judgment. 58
Default and Rights and Remedies. THE AGENT 47 9.1 Liabilities 47 9.2 Rights and Remedies 47 9.3 Waiver of Demand 49 9.4 Waiver of Notice 49 9.5 Authorization and Action 49 9.6 Agent’s Reliance, Etc. 49 9.7 Notices of Defaults 50 9.8 The Agent as a Lender, Affiliates 51 9.9 Non-Reliance on Agent and Other Lenders 51 9.10 Indemnification 51 9.11 Successor Agent 52 9.12 Verification of Borrowing Notices 52 10. MISCELLANEOUS 52 10.1 Timing of Payments 52 10.2 Attorneys’ Fees and Costs 53 10.3 Expenditures by the Agent 54 10.4 The Agent’s Costs and Expenses as Additional Liabilities 54 10.5 Claims and Taxes 54 10.6 Custody and Preservation of Collateral 55 10.7 Inspection 55 10.8 Examination of Banking Records 55 10.9 Governmental Reports 55 10.10 Reliance by the Agent, the Issuer and the Lenders 56 10.11 Parties 56 10.12 Applicable Law; Severability 56 10.13 SUBMISSION TO JURISDICTION; WAIVER OF BOND AND TRIAL BY JURY 56 10.14 Application of Payments; Waiver 56 10.15 Marshaling; Payments Set Aside 57 10.16 Section Titles 57 10.17 Continuing Effect 57 10.18 No Waiver 57 10.19 Notices 58 10.20 Regulatory Changes 59 10.21 LIBOR Rate Loans 59 10.22 Taxes 60 10.23 Assignments and Participation 61 10.24 Maximum Interest 64 10.25 Additional Advances 64 10.26 Loan Agreement Controls 64
Default and Rights and Remedies. 76 Section 7.1 Events of Default 76 7.1.1 Failure to Pay 76 7.1.2 Breach of Representations and Warranties 77 7.1.3 Failure to Comply with Certain Covenants 77 7.1.4 Failure to Comply with Other Covenants 77 7.1.5 Default Under Other Financing Documents or Obligations 77 7.1.6 Receiver; Bankruptcy 77 7.1.7 Involuntary Bankruptcy, etc 78 7.1.8 Judgment 78 7.1.9 Execution; Attachment 78 7.1.10 Default Under Other Borrowings 79 7.1.11 Challenge to Agreements 79 7.1.12 Material Adverse Change 79 7.1.13 Change in Ownership 79 7.1.14 Liquidation, Termination, Dissolution, Change in Management, etc. 79 7.1.15 Parent Line of Business 80 7.1.16 Failure to Pay Senior Secured Debt - Parent 80 Section 7.2 Remedies 80 7.2.1 Acceleration 80 7.2.2 Uniform Commercial Code 80 7.2.3 Specific Rights With Regard to Collateral 81 7.2.4 Application of Proceeds 82 7.2.5 Performance by Collateral Agent 82 7.2.6 Other Remedies 83 ARTICLE VIII THE AGENT 83 Section 8.1 Appointment 83 Section 8.2 Nature of Duties 84 8.2.1 In General 84 8.2.2 Express Authorization 84 Section 8.3 Rights, Exculpation, Etc 85 Section 8.4 Reliance 86 Section 8.5 Indemnification 86 Section 8.6 GE Capital Individually 86
Default and Rights and Remedies. [INSERT PAGE NUMBER]
Section 7.1 Events of Default. [INSERT PAGE NUMBER]
7.1.1 Failure to Pay.[INSERT PAGE NUMBER]
7.1.2 Breach of Representations and Warranties.[INSERT PAGE NUMBER]
7.1.3 Failure to Comply with Covenants.[INSERT PAGE NUMBER]
7.1.4 Default Under Other Financing Documents or Obligations.[INSERT PAGE NUMBER]
7.1.5 Receiver; Bankruptcy.[INSERT PAGE NUMBER]
7.1.6 Involuntary Bankruptcy, etc.[INSERT PAGE NUMBER]
7.1.7 Judgment.[INSERT PAGE NUMBER]
7.1.8 Execution; Attachment.[INSERT PAGE NUMBER]
7.1.9 Default Under Other Borrowings.[INSERT PAGE NUMBER]
7.1.10 Challenge to Agreements.[INSERT PAGE NUMBER]
7.1.11 Material Adverse Change.[INSERT PAGE NUMBER]
7.1.12 Impairment of Position.[INSERT PAGE NUMBER]
7.1.13 Collateral Inadequacy.[INSERT PAGE NUMBER]
7.1.14 Change in Ownership.[INSERT PAGE NUMBER]
7.1.15 Liquidation, Termination, Dissolution, Change in Management, etc.[INSERT PAGE NUMBER]
7.1.16 De-Listing of Stock.[INSERT PAGE NUMBER]
7.1.17 Government Default.[INSERT PAGE NUMBER]
Section 7.2 Remedies. [INSERT PAGE NUMBER]
7.2.1 Acceleration.[INSERT PAGE NUMBER]