Event of Default Defined; Acceleration of Maturity Sample Clauses

The 'Event of Default Defined; Acceleration of Maturity' clause establishes the specific circumstances under which a party, typically a borrower, is considered to be in default under an agreement. It outlines what constitutes an event of default, such as missed payments, insolvency, or breach of covenants, and details the lender's right to demand immediate repayment of all outstanding amounts if such an event occurs. This clause serves to protect the lender by providing a clear mechanism for responding to serious breaches, ensuring they can act swiftly to recover funds and mitigate risk.
Event of Default Defined; Acceleration of Maturity. Waiver of Event of Default 30 Section 5.02. Collection of Indebtedness by Trustee; Trustee May Prove Debt 33 Section 5.03. Applications of Proceeds 35 Section 5.04. Suits for Enforcement 37 Section 5.05. Restoration of Rights on Abandonment of Proceedings 37 Section 5.06. Limitations on Suits by Securityholder; Default Defined 37
Event of Default Defined; Acceleration of Maturity. Waiver of Default. "Event of Default" with respect to Securities of any series ----------------- wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Event of Default Defined; Acceleration of Maturity. An "Event of Default" occurs if:
Event of Default Defined; Acceleration of Maturity. Waiver Of ------------------------------------------------------------- Default. "Event of Default" with respect to Securities of any series, wherever ------- used herein, means any one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): (a) default in the payment of any installment of interest upon any of the Securities of such series as and when the same shall become due and payable, and continuance of such default for a period of __ days; provided that, a valid extension of an interest payment period by the Issuer in accordance with the terms of such Securities shall not constitute a failure to pay interest; or (b) default in the payment of all or any part of the principal or premium (if any) on any of the Securities of such series as and when the same shall become due and payable either at maturity, upon any redemption, by declaration or otherwise; or (c) default in the payment of any sinking fund installment as and when the same shall become due and payable by the terms of the Securities of such series; or (d) failure on the part of the Issuer duly to observe or perform any other of the covenants or agreements on the part of the Issuer in the Securities of such series or contained in this Indenture (other than a covenant or agreement included in this Indenture solely for the benefit of a series of Securities other than such series) for a period of __ days after the date on which written notice specifying such failure, stating that such notice is a "Notice of Default" hereunder and demanding that the Issuer remedy the same, shall have been given by registered or certified mail, return receipt requested, to the Issuer by the Trustee, or to the Issuer and the Trustee by the holders of at least __% in aggregate principal amount of the Outstanding Securities of the series to which such covenant or agreement relates; or (e) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Issuer in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Issuer for any substantial...
Event of Default Defined; Acceleration of Maturity. Waiver of Default 35 Section 4.02. Acceleration of Maturity; Rescission 36 Section 4.03. Collection of Indebtedness by Trustee; Trustee May Prove Debt 37 Section 4.04. Application of Proceeds 38 Section 4.05. Suits for Enforcement 39 Section 4.06, Restoration of Rights on Abandonment of Proceedings 39 Section 4.07. Limitations on Suits by Noteholders 39 Section 4.08. Right of Noteholders to Receive Principal and Interest 40 Section 4.09. Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default 40 Section 4.10. Control by Noteholders 40 Section 4.11. Waiver of Past Defaults 40 Section 4.12. Payments after a Default 41 Section 4.13. Waiver of Stay or Extension Laws 41 Section 4.14. Trustee May Filed Proofs of Claim 41
Event of Default Defined; Acceleration of Maturity. Event of Default", with respect to CVRs, means any one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Event of Default Defined; Acceleration of Maturity. Waiver of ------------------------------------------------------------- Default. -------
Event of Default Defined; Acceleration of Maturity. Waiver Of Default 22
Event of Default Defined; Acceleration of Maturity. An -------------------------------------------------- "Event of Default" occurs if: (a) the Company defaults in any payment of interest on any Security when the same becomes due and payable and such default continues for a period of 30 days; (b) the Company defaults in the payment of the principal of any Security when the same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise; (c) the Company fails to comply with Section 8.1; (d) the Company fails to comply with Section 3.7, 3.8, 3.9, 3.10, 3.11, 3.12, 3.13, 3.14, 3.15, 3.16 or 3.17 (in each case other than a failure to repurchase Securities when 41 required pursuant to Section 3.10 or 3.15, which failure shall constitute an Event of Default under Section 4.1(b)) and such failure continues for 30 days after the notice specified below; (e) the Company fails to comply with any covenant, condition or agreement in this Indenture or the Securities (other than those referred to in clauses (a), (b), (c) and (d) above) and such failure continues for 30 days after the notice specified below; (f) Indebtedness of the Company or any Restricted Subsidiary is not paid within any applicable grace period after final maturity or is accelerated by the holders thereof because of a default and the total amount of such unpaid or accelerated Indebtedness exceeds $10,000,000 or its foreign currency equivalent at the time; (g) the Company or a Material Subsidiary pursuant to or within the meaning of any Bankruptcy Law: (i) commences a voluntary case; (ii) consents to the entry of an order for relief against it in an involuntary case; (iii) consents to the appointment of a Custodian of it or for any substantial part of its property; or (iv) makes a general assignment for the benefit of its creditors; or takes any comparable action under any foreign laws relating to insolvency; (h) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (i) is for relief against the Company or any Material Subsidiary in an involuntary case; (ii) appoints a Custodian of the Company or any Material Subsidiary or for any substantial part of its property; or (iii) orders the winding up or liquidation of the Company or any Material Subsidiary; or any similar relief is granted under any foreign laws and the order, decree or relief remains unstayed and in effect for 60 days; (i) any judgment or decree for the payment of money in excess of $10...
Event of Default Defined; Acceleration of Maturity. In case one or more of the following Events of Default (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) shall have occurred and be continuing: (a) default in the payment of all or any part of the principal on this Note as and when the same shall become due and payable at maturity; or (b) default in the payment of any installment of interest upon this Note, as and when the same shall become due and payable, and continuance of such default for a period of 10 days; or (c) the Borrower shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; or (d) an involuntary case or other proceeding shall be commenced against the Borrower seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 120 days; or an order for relief shall be entered against the Borrower under the federal bankruptcy laws as now or hereafter in effect; then, and in each and every such case (other than under clauses (iii) and (iv)), unless the principal of this Note shall have already become due and payable, the Holder, by notice in writing to the Borrower, may declare the entire principal amount of this Note together with accrued interest thereon to be, and upon the Borrower's receipt of such notice the entire principal amount of this Note together with accrued interest there...