An Event Clause Examples for Any Agreement
The "An Event" clause defines a specific occurrence or set of circumstances that may trigger certain rights, obligations, or consequences under the agreement. In practice, this clause typically outlines what constitutes an event for the purposes of the contract, such as a breach, default, or the happening of a particular condition. By clearly identifying what qualifies as an event, the clause ensures all parties understand when contractual provisions are activated, thereby reducing ambiguity and helping to manage risk.
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An Event of Servicer Termination shall not affect the rights and duties of the parties hereunder other than those relating to the management, administration, servicing, custody or collection of the Contracts or the payment of certain expenses by the successor Servicer, in each case, as expressly set forth herein.
An Event of Default shall occur if:
An Event of Default that occurs shall exist or continue or be continuing unless such Event of Default is waived by Lender in accordance with the terms of this Agreement;
An Event of Default under this Guarantee will occur upon the failure of the Guarantor to perform any of its payment or other obligations hereunder. The Holders of a Majority in liquidation amount of the Capital Securities may, voting or consenting as a class, on behalf of the Holders of all of the Capital Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and shall be deemed to have been cured, for every purpose of this Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
An Event of Default as defined in the ------------------ Participation Agreement shall constitute an "Event of Default" under this Lease. ----------------
An Event of Default shall be cured only when Assignor shall have paid and satisfied in full all Obligations and other sums owing and past due and shall have performed all other terms, covenants and conditions, the failure of performance of which terminated the license herein above mentioned, or shall have received a written waiver from Assignee of such Event of Default.
An Event of Default (as defined in the CIT Loan Agreement) shall occur and be continuing under the CIT Loan Agreement.
An Event. An accident or illness which first occured to the Insured in Israel during the Insurance period, with the exception of a pre- existing condition for which the Insured was receiving medical treatment or even medication only, or was under observation, or 6 months previous to his arrival in Israel.
An Event of Default under and as defined in any Loan Document shall occur and be continuing or Borrower or any Guarantor shall fail to observe or perform any covenant or agreement contained in any of the Loan Documents to which it is a party (other than those expressly covered by any other clause of this Section 8.1.) and such failure shall continue beyond any applicable period of grace;
An Event of Default (as such term is defined in the Credit Agreement) shall have occurred and be continuing.