Manager Event of Default Sample Clauses

Manager Event of Default. The following actions or events shall constitute a “Manager Event of Default” under this Agreement: (a) Manager fails to make when due any monetary payment required by this Agreement to be made by Manager, unless the failure to make such payment is caused by the failure of Owner to make funding available to Manager as required under this Agreement or to reimburse Manager as provided in the Collaboration Agreement, and such failure by Manager shall continue for more than sixty (60) days after Manager receives notice of such payment default from Owner, which notice shall be delivered to Manager at least thirty (30) days prior to the date requested for performance; (b) A material failure of Manager to comply with the requirements of Section 6.4.4 of this Agreement and fails to remedy same within thirty (30) days; (c) A material breach by Manager of any representation or warranty expressly set forth in this Agreement that has a materially adverse effect on the Operation of the Managed Facilities or the rights and obligations of Manager and that is not cured with thirty (30) days after delivery of notice of such default by Manager to Owner; provided, however, (i) if the default is not susceptible of cure within a thirty (30) day period; and, (ii) failure to cure the default within thirty (30) days would not expose Owner to an imminent and material risk of criminal liability or significant financial loss, the thirty (30) day cure period shall be extended if Manager commences to cure the default within such thirty (30) day period and thereafter proceeds with reasonable diligence to complete such cure; provided, however, that in no event shall such cure period exceed ninety (90) days in the aggregate; (d) A Transfer by Manager in violation of Article 11; (i) The admitted insolvency of Manager, or Manager’s failure generally to pay its debts as such debts become due; (ii) a general assignment or similar arrangement by Manager for the benefit of its creditors; (iii) the filing by Manager of a petition for relief under applicable bankruptcy, insolvency, or similar debtor relief laws; (iv) the filing of a petition for relief under applicable bankruptcy, insolvency or similar debtor relief laws by any Person against Manager which is consented to by Manager or if not consent to by Manager, Manager’s failure to vacate any order approving an involuntary petition within ninety (90) days from the date of entry thereof; (v) the appointment or petition for appointment of a re...