ARTICLE VII DEFAULTS Clause Samples
ARTICLE VII DEFAULTS defines the circumstances under which a party to the agreement is considered to be in default, typically by failing to fulfill contractual obligations or breaching specific terms. This clause outlines the types of actions or omissions that constitute a default, such as non-payment, failure to deliver goods or services, or violation of covenants, and may specify procedures for notifying the defaulting party and opportunities to cure the default. Its core practical function is to provide a clear framework for identifying and addressing breaches, thereby protecting the interests of the non-defaulting party and ensuring the contract can be enforced or terminated if necessary.
ARTICLE VII DEFAULTS. 43 ARTICLE VIII
ARTICLE VII DEFAULTS. 67 Section 7.01
ARTICLE VII DEFAULTS. 57 Section 7.01 Events of Default. ......................................................................................... 57 ARTICLE VIII
ARTICLE VII DEFAULTS. 31 ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES...................33 8.1 Acceleration.......................................................33 8.2 Amendments.........................................................33 8.3
ARTICLE VII DEFAULTS. 85 Section 7.1. Event of Default ................................................................................. 85 Section 7.2. Remedies ............................................................................................ 87 Section 7.3. Application of Payments after an Event of Default ........................... 89 ARTICLE VIII MISCELLANEOUS .......................................................................................... 89 Section 8.1. Successors .......................................................................................... 89 Section 8.2. GOVERNING LAW .......................................................................... 89 Section 8.3. Modification, Waiver in Writing ....................................................... 90 Section 8.4. Notices ............................................................................................... 90 Section 8.5. TRIAL BY JURY .............................................................................. 91 Section 8.6. Headings ............................................................................................ 91 Section 8.7. Assignment and Participation ............................................................ 91 Section 8.8. Severability ........................................................................................ 92 Section 8.9. Preferences; Waiver of Marshalling of Assets................................... 92 Section 8.10. Remedies of Borrower .....................................................................
ARTICLE VII DEFAULTS. 45 7.1 ................................................................45 7.2 Remedies........................................................47 7.3