Common use of WHAT CONSTITUTES AN EVENT OF DEFAULT Clause in Contracts

WHAT CONSTITUTES AN EVENT OF DEFAULT. Any of the following events constitutes Events of Default, which upon their occurrence give us the right to take action in accordance with clause 18.2: 18.1.1 an Insolvency Event occurs in relation to you; 18.1.2 you are an individual and you die or become of unsound mind;