Events of Default Remedies on Default Clause Samples

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Events of Default Remedies on Default. Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise: (a) Borrowers (or any other Obligor, if applicable) fail to pay (i) any principal of any Loan when due (whether at stated maturity, on demand, upon acceleration or otherwise) or (ii) any interest, fee, indemnity or other amount payable under this Agreement or any other Loan Document within 2 Business Days after the date when due; (b) Any representation or warranty of an Obligor made in any Loan Documents or transactions contemplated thereby is incorrect or misleading in any material respect when made or deemed made; (c) Borrowers breach or fail to perform any covenant contained in Section 7.2, 7.3, 9.1.1, 9.
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Events of Default Remedies on Default. 11.1 Events of Default 11.2 Remedies upon Default 11.3 License Table of Contents 11.4 Setoff 11.5 Remedies Cumulative; No Waiver
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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
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Events of Default Remedies on Default. 8.1 Each of the following specified events hereby constitutes and is herein referred to individually as an “Event of Default”: 8.1.1 Borrower’s failure to make (or cause to be made) any payments to Lender hereunder or under any other Loan Document or and Related Transaction Documents when the same are due; or 8.1.2 Default in the due and timely observance or performance of any of the Affirmative Covenants described in Section 7 above; or 8.1.3 Suspension by Borrower of its business operations; or 8.1.4 If Borrower should become insolvent, or file bankruptcy proceedings; or 8.1.5 Borrower experiences a Change of Control event. 8.2 At Lender’s option, upon the occurrence of any Event of Default, and at any time thereafter if such Event of Default shall then be continuing: 8.2.1 Unless such Event of Default is as described in Section 8.1.1 and Section 8.1.2 above and, upon written notice by Lender, is cured within thirty (30) days of Borrower’s receipt of such written notice by Lender, the Indebtedness may, without presentment, demand, protest, or notice of any kind, all of which are hereby expressly waived by Borrower, be forthwith declared due and payable, if not otherwise then due and payable (anything herein or in the Note or other agreement, contract, indenture, document or instrument contained to the contrary notwithstanding) and the Maturity Date shall be accelerated accordingly and Lender’s commitments hereunder shall be terminated. 8.2.2 Lender may pursue the remedies afforded to it hereunder or under any of the documents executed in connection herewith, or any other remedy afforded to it by law or equity, and Lender may, at its option, do and perform all other acts and things necessary for the proper preservation and protection of its rights hereunder.
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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
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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,
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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
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Events of Default Remedies on Default 
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Related to Events of Default Remedies on Default

  • Remedies on Default Whenever any Event of Default shall have happened and be continuing, the Issuer may take any one or more of the following remedial actions: (a) By written notice to the Company upon acceleration of maturity of the Bonds as provided in the Indenture, the Trustee may declare the aggregate amount of all unpaid Basic Rent or Additional Rent then or thereafter required to be paid under this Lease by the Company to be immediately due and payable as liquidated damages from the Company, whereupon the same shall become immediately due and payable by the Company provided, however, that the Owners of 100% in aggregate principal amount of the Outstanding Bonds must provide written consent to the Issuer and the Trustee to declare all unpaid Basic Rent immediately due; (b) Give the Company written notice of intention to terminate this Lease and the Base Lease on a date specified therein, which date shall not be earlier than 30 Business Days after such notice is given and, if all defaults have not then been cured on the date so specified, the Company’s leasehold interest in the Project shall cease, and this Lease shall thereupon be terminated, and the Issuer may re-enter and control the Project for the remaining term of the Base Lease; or (c) Without terminating the Base Lease or this Lease, conduct inspections or an Environmental Assessment of the Project, and re-enter the Project or take control thereof pursuant to legal proceedings or any notice provided for by law and this Lease. The Issuer or the Trustee acting on behalf of the Issuer may refuse to re-enter or take control of the Project if it has reasonable cause for such refusal. “Reasonable cause” shall include the presence on the Project of conditions which are in violation of any Environmental Law or the existence or threat of a remedial action against the Company under any Environmental Law resulting from conditions on the Project. Having elected to re-enter or take control of the Project without terminating the Base Lease or this Lease, the Issuer and the Trustee acting on behalf of the Issuer shall use reasonable diligence to relet the Project, or parts thereof, for such term or terms and at such rental and upon such other terms and conditions as are deemed advisable, with the right to make alterations and repairs to the Project, and no such re-entry or taking of control of the Project shall be construed as an election to terminate the Base Lease or this Lease, and no such re-entry or taking of control shall relieve the Company of its obligation to pay Basic Rent or Additional Rent (at the time or times provided herein), or of any of its other obligations under the Base Lease or this Lease, all of which shall survive such re-entry or taking of control. The Company shall continue to pay the Basic Rent and Additional Rent provided for in this Lease until the end of the Term, whether or not the Project shall have been relet, less the net proceeds, if any of reletting the Project. Having elected to re-enter or take control of the Project pursuant to subsection (c) hereunder, the Issuer or the Trustee acting on behalf of the Issuer may (subject, however, to any restrictions against termination of the Base Lease or this Lease in the Indenture), by notice to the Company given at any time thereafter while the Company is in default in the payment of Basic Rent or Additional Rent or in the performance of any other obligation under the Base Lease or this Lease, elect to terminate this Lease in accordance with subsection (b) hereunder and thereafter proceed to sell its interest in the Project. If, in accordance with any of the foregoing provisions of this Article, the Issuer shall have the right to elect to re-enter and take control of the Project, the Issuer may enter and expel the Company and those claiming through or under the Company and remove the property and effects of both or either by all lawful means without being guilty of any manner of trespass and without prejudice to any remedies for arrears of Basic Rent or Additional Rent or preceding breach of covenant.

  • Remedies on Default Etc 31 12.1. Acceleration....................................................31