Event of Statutory Default definition

Event of Statutory Default each Event of Default which also constitutes a default (verzuim) in the fulfilment of the Secured Obligations within the meaning of in Article 6:81 of the Curaçao Civil Code (Burgerlijk Wetboek) (“CCC”);
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Event of Statutory Default each event where the Pledgor is in default (verzuim), as defined in Article 6:81 of the NACC, in the performance of one or more of the Secured Obligations,
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Event of Statutory Default. : means each event where the Pledgor is in default ("verzuim"), as defined in Section 6:81 of the Dutch Civil Code, in the performance of one or more of the Secured Obligations;
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Examples of Event of Statutory Default in a sentence

  • Upon the occurrence of an Event of Statutory Default, the Pledgee shall be authorized to sell the Pledged Assets or part thereof, in accordance with Section 3:248 of the Dutch Civil Code and with Schedule E to the Agreement, without prejudice to the provision of Section 3:251 of the Dutch Civil Code, in order to recover the proceeds thereof.


More Definitions of Event of Statutory Default

Event of Statutory Default each event in which the Pledgor or UPC is ----- -- --------- ------- in default ('verzuim'), as defined in Section 6:81 of the Dutch Civil Code, of performing one or more of the Secured Obligations; i. the "Stop Date": the thirtieth day of June nineteen hundred and ---- ---- ninety-nine; j. the "Completion Date": the date of completion of the Agreement in ---------- ---- accordance with clause 8 thereof.
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Related to Event of Statutory Default

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.