ON EVENT OF DEFAULT Sample Clauses
The "On Event of Default" clause defines the rights and actions available to a party when the other party fails to meet key obligations under the agreement. Typically, this clause outlines what constitutes a default—such as missed payments, insolvency, or breach of contract—and specifies the remedies available, which may include acceleration of payments, termination of the contract, or legal action. Its core practical function is to provide a clear framework for addressing serious breaches, thereby protecting the non-defaulting party and ensuring that both sides understand the consequences of default.
ON EVENT OF DEFAULT. Event of Default Defined; Waiver of Default 35 Section 8.2 Collection by the Trustee; the Trustee May Prove Payment Obligations 36 Section 8.3 Application of Proceeds 38 Section 8.4 Suits for Enforcement 39 Section 8.5 Restoration of Rights on Abandonment of Proceedings 39 Section 8.6 Limitations on Suits by Holders 39 Section 8.7 Unconditional Right of Holders to Institute Certain Suits 39 Section 8.8 Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default 40 Section 8.9 Control by Holders 40 Section 8.10 Waiver of Past Defaults 40 Section 8.11 The Trustee to Give Notice of Default, but May Withhold in Certain Circumstances 41 Section 8.12 Right of Court to Require Filing of Undertaking to Pay Costs 41
ON EVENT OF DEFAULT. If an Event of Default occurs or the Client is in default of any of its obligations under this Agreement or any Transaction, PKF Capital may (without prejudice to any other rights it may have) at any time afterwards assign and transfer to any person (including any third party with whom PKF Capital has entered into Hedging Arrangements) with immediate effect all or any of its rights in respect of moneys owing to it under this Agreement or any Transaction, as well as any security or other remedies available to it in respect of those moneys.
ON EVENT OF DEFAULT. 24 SECTION 7.1. Events of Default............................................................... 24 SECTION 7.2. Collection of Indebtedness and Suits for Enforcement by Trustee................. 26 SECTION 7.3. Application of Moneys Collected................................................. 28 SECTION 7.4.
ON EVENT OF DEFAULT. Section 5.01.
ON EVENT OF DEFAULT. Events of Default Defined; Acceleration of Maturity; Waiver of Default 37 SECTION 6.02 Collection of Indebtedness by Trustee; Trustee May Prove Debt 38 SECTION 6.03 Application of Proceeds 39 SECTION 6.04 Limitations on Suits by Holders 40 SECTION 6.05 Powers and Remedies Cumulative; Delay or Omission Not Waiver 40 SECTION 6.06 Control by Holders; Waiver of Default 40
ON EVENT OF DEFAULT. For purposes of the Senior Notes, Section 5.1 of the Original Indenture shall be amended by replacing each occurrence of the phrase “the Issuer or any Restricted Subsidiary” in clauses (d) and (e) of the definition of “Event of Default” with the phrase “the Issuer or any Significant Subsidiary”.
ON EVENT OF DEFAULT. 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):
ON EVENT OF DEFAULT. Events of Default Defined 29 SECTION 4.2. Notice of Event of Default; Acceleration of Maturity 30 SECTION 4.3. Collection of Indebtedness by Trustee, Trustee May Prove Debt 31 SECTION 4.4. Application of Proceeds 32 SECTION 4.5. Suits for Enforcement 33 SECTION 4.6. Restoration of Rights on Abandonment of Proceedings 33 SECTION 4.7. Limitations on Suits by Noteholders 33 SECTION 4.8. Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default 33 SECTION 4.9. Control by Noteholder 33 SECTION 4.10. Waiver of Past Defaults 34 SECTION 4.11. Payments After a Default 34 SECTION 4.12. Unconditional Right of Holders to Receive Principal, Premium and Interest 34
ON EVENT OF DEFAULT. 20 SECTION 7.1. Events of Default; Acceleration............................ 20
ON EVENT OF DEFAULT. If an Event of Default occurs or the Client is in default of any of its obligations under this Agreement or any Transaction, Direct Markets Africa may (without prejudice to any other rights it may have) at any time afterwards assign and transfer to any person (including any third party with whom Direct Markets Africa has entered into Hedging Arrangements) with immediate effect all or any of its rights in respect of moneys owing to it under this Agreement or any Transaction, as well as any security or other remedies available to it in respect of those moneys.