Additional Termination Events and Events of Default Sample Clauses

Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph (i) above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the 30th day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. If Party A does not take the measures described in sub-paragraph (ii) above such failure shall give rise to an Event of Default with respect to Party A and shall be deemed to have occurred on the 30th day following a Subsequent Moody's Note Downgrade Event (or, if Party A has put in place a collateral agreement in accordance with the requirements of sub-paragraph (i)(D) above, such Event of Default shall be deemed to have occurred on the 10th day following such Subsequent Moody's Note Downgrade Event) with Party A as the sole Defaulting Party. Further, it shall constitute an Additional Termination Event with respect to Party A if, even after satisfying the requirements of sub-paragraph (iii), Party A has failed, having applied reasonable efforts, to satisfy the requirements of any of sub-paragraphs (iii)(A), (iii)(B) or (iii)(C) and such Additional Termination Event shall be deemed to have occurred on the 30th day following such Subsequent Moody's Note Downgrade Event with Party A as the sole Affected Party and all Transactions shall be Affected Transactions. However, in the event that Party B were to designate an Early Termination Date and there would be a payment due to Party A, Party B may only designate such an Early Termination Date in respect of an Additional Termination Event under this sub-paragraph (v) if Party B has found a replacement counterparty willing to enter a new transaction on terms that reflect as closely as reasonably possible (as the Note Trustee may, in its absolute discretion, determine) the economic, legal and credit terms of the Terminated Transactions with Party A. Each Additional Termination Event described in this sub-paragraph (v) shall, on its occurrence, constitute a "Downgrade Termination Event".
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Additional Termination Events and Events of Default. If Party A does not take the measures described in sub-paragraph [(l)(i)] above such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A and shall be deemed to have occurred on the thirtieth day following an Initial Moody's Note Downgrade Event with Party A as the sole Affected Party.
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Related to Additional Termination Events and Events of Default

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Events of Default and Termination Events (i) The following provisions of Section 5 will not apply to either Party A or Party B: Section 5(a)(ii) Section 5(a)(iii) Section 5(a)(iv) Section 5(a)(v) Section 5(a)(vi) Section 5(b)(iii) Section 5(b)(iv)

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Additional Termination Events The following Additional Termination Events will apply:

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • Lease Events of Default If any one (1) or more of the following events (each a "Lease Event of Default") shall occur:

  • Listing of Events of Default Each of the following events or occurrences described in this Section 8.1 shall constitute an "Event of Default".

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Events of Default If any of the following events (“Events of Default”) shall occur:

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

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