Events of Default Remedies on Default Clause Samples

Events of Default Remedies on Default. 11.1 Events of Default 11.2 Remedies upon Default 11.3 License 11.4 Setoff

Events of Default Remedies on Default. 149152 11.1 Events of Default 149152 11.2 Remedies upon Default 152155 11.3 License 152155 11.4 Setoff 153155 11.5 Remedies Cumulative; No Waiver 153156 11.6 Judgment Currency 153156 Section 12. AGENT 154157 12.1 Appointment, Authority and Duties of Agent 154157 12.2 Agreements Regarding Guarantors, Collateral and Borrower Materials 156159 12.3 Reliance By Agent 158161 12.4 Action Upon Default 158161 12.5 Ratable Sharing 159161 12.6 Indemnification of Agent Indemnitees 159162 12.7 Limitation on Responsibilities of Agent 159162

Events of Default Remedies on Default. Any failure of the Assignor to comply with the provisions of this Agreement and any Event of Default under the Loan Agreement shall be considered an “Event of Default” hereunder. Upon and at any time after the occurrence of an Event of Default Lender shall have, at its option, the right, power and authority to exercise and enforce any or all of the following rights and remedies: (a) To terminate the permission granted to Assignor to collect as aforesaid the Government Support Revenues, and then and thereafter, to demand, collect, receive, ▇▇▇ for, attach and levy the Government Support Revenues, to give proper receipts, and acquittances therefor, and after deducting all necessary and proper costs and expenses of collection (including reasonable attorneys' fees) as determined by Lender, to apply the net proceeds thereof, together with any funds of Assignor deposited with Lender, to all or any of the Obligations in such order as Lender determines; (b) Without regard to the adequacy of the security, with or without any action or proceedings, through any person or by any agent, or by a receiver to be appointed by court, to make, modify, cancel, accept cancellation or enforce the rights of Borrower under any Government Support Agreements now in effect or hereafter in effect; and otherwise to do any act or incur any costs or expense as Lender deems proper to protect the security hereof, as fully and to the same extent as Assignor could do, and in any such event to apply the Government Support Revenues so collected to payment of the Obligations, in such order as Lender may determine, including the payment of reasonable attorneys' fees; provided, however, that the acceptance by Lender of this Assignment, with all of the rights, powers, privileges and authority so created, shall not at any time or in any event obligate Lender to appear in or defend any action or proceeding relating to the Government Support Agreements or to the Projects, or to take any action hereunder, or to expend any money, incur any expenses or perform or discharge any obligation, duty or liability under the Government Support Agreements, or to assume any obligation or responsibility for any Government Support Revenues delivered to Assignor by any Government Support Provider and not assigned, whether delivered to Lender or not; and provided further that the collection of the Government Support Revenues and application as aforesaid shall not cure or waive any Event of Default, waive, modify or a...

Events of Default Remedies on Default. You will be in default under this Agreement if any of the following events occurs: (1) If you fail to make any Minimum Payment as required by this Agreement in a timely fashion, (2) if you violate or fail to comply with any of the terms of this Agreement, (3) if you die or become insolvent or bankrupt, (4) if any financial or other information you give us regarding your Account is incorrect or misleading,

Events of Default Remedies on Default. 11.1. Events of Default 11.2. Remedies upon Default 11.3. License 11.4. Setoff 11.5. Remedies Cumulative; No Waiver 11.6. Judgment Currency Section 12. AGENT 12.1. Appointment, Authority and Duties of Agent 12.2. Agreements Regarding Collateral and Field Examination Reports 12.3. Reliance By Agent

Events of Default Remedies on Default. 95 SECTION 12. AGENT 99 12.2 Agreements Regarding Collateral and Borrower Materials. 100 12.3 Reliance By Agent 101 12.4 Action Upon Default 101 12.5 Ratable Sharing 101 12.6 Indemnification 101 12.7 Limitation on Responsibilities of Agent 102 12.8 Successor Agent and Co-Agents. 102

Events of Default Remedies on Default