{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dlNoFDUvVIR", "uri": "/contracts/dlNoFDUvVIR#default-events", "label": "Funding Agreement", "score": 35.2917976379, "published": true}, {"hash": "cCtQjwY4TR6", "uri": "/contracts/cCtQjwY4TR6#default-events", "label": "Funding Agreement", "score": 32.4093475342, "published": true}, {"hash": "4g4S0tRWuoa", "uri": "/contracts/4g4S0tRWuoa#default-events", "label": "Funding Agreement", "score": 32.4093475342, "published": true}], "snippet_links": [{"key": "the-funding", "type": "clause", "offset": [27, 38]}, {"key": "by-the-recipient", "type": "clause", "offset": [49, 65]}, {"key": "set-out", "type": "definition", "offset": [83, 90]}, {"key": "an-event-of-default", "type": "clause", "offset": [106, 125]}, {"key": "default-event", "type": "clause", "offset": [128, 141]}, {"key": "amounts-owing", "type": "definition", "offset": [166, 179]}, {"key": "in-respect-of", "type": "definition", "offset": [192, 205]}, {"key": "agreement-or", "type": "definition", "offset": [222, 234]}, {"key": "other-program", "type": "definition", "offset": [235, 248]}, {"key": "due-notice", "type": "definition", "offset": [318, 328]}, {"key": "in-default", "type": "clause", "offset": [376, 386]}, {"key": "existing-agreements", "type": "definition", "offset": [394, 413]}, {"key": "predecessor-entities", "type": "clause", "offset": [433, 453]}, {"key": "third-party-funds", "type": "definition", "offset": [471, 488]}, {"key": "funding-agreements", "type": "definition", "offset": [509, 527]}, {"key": "submit-to", "type": "clause", "offset": [567, 576]}, {"key": "schedule-c", "type": "definition", "offset": [612, 622]}, {"key": "the-applicable", "type": "clause", "offset": [626, 640]}, {"key": "target-completion-date", "type": "clause", "offset": [641, 663]}, {"key": "notify-the", "type": "clause", "offset": [694, 704]}, {"key": "the-events", "type": "clause", "offset": [720, 730]}, {"key": "section-61", "type": "clause", "offset": [742, 753]}, {"key": "a-default", "type": "definition", "offset": [766, 775]}, {"key": "to-the-recipient", "type": "definition", "offset": [826, 842]}, {"key": "written-notice", "type": "clause", "offset": [845, 859]}, {"key": "obligations-under-the", "type": "clause", "offset": [900, 921]}, {"key": "notice-of-default", "type": "definition", "offset": [946, 963]}, {"key": "the-notice", "type": "clause", "offset": [967, 977]}, {"key": "nature-of-the", "type": "clause", "offset": [1006, 1019]}, {"key": "reasonable-period-of-time", "type": "clause", "offset": [1040, 1065]}], "snippet": "(a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (\u201cDefault Event\u201d):\n1. the Recipient has amounts owing to the IESO in respect of another funding agreement or other program, contract or arrangement with the IESO that have not been paid after due notice;\n2. the IESO notifies the Recipient that it is in default of any existing agreements with the IESO, its predecessor entities, or any of their third party funds managers, including funding agreements;\n3. the Recipient fails to complete or submit to the IESO any Activities set out in Schedule C by the applicable Target Completion Date; or\n4. the Recipient fails to notify the IESO of any of the events set out in Section 6.1.\n(b) Should a Default Event occur, the IESO will be entitled to deliver to the Recipient a written notice that the Recipient is in default of the obligations under the Funding Agreement (the \u201cNotice of Default\u201d). The Notice of Default will set out the nature of the Default Event and a reasonable period of time by which the Default Event must be cured.", "size": 19, "hash": "1e82830241decdcb939246ea154fb5a5", "id": 1}, {"samples": [{"hash": "kQb2pvObXjt", "uri": "/contracts/kQb2pvObXjt#default-events", "label": "Capital Grant Agreement", "score": 34.4240493774, "published": true}, {"hash": "glmIW1v2FDz", "uri": "/contracts/glmIW1v2FDz#default-events", "label": "Capital Grant Agreement", "score": 34.1562805176, "published": true}], "snippet_links": [{"key": "by-the-grant", "type": "definition", "offset": [80, 92]}, {"key": "condition-3", "type": "clause", "offset": [137, 148]}, {"key": "information-supplied", "type": "clause", "offset": [190, 210]}, {"key": "in-connection-with", "type": "clause", "offset": [211, 229]}, {"key": "in-relation-to", "type": "clause", "offset": [300, 314]}, {"key": "contract-monitoring", "type": "clause", "offset": [319, 338]}, {"key": "representations-and", "type": "clause", "offset": [459, 478]}, {"key": "the-warranties", "type": "clause", "offset": [484, 498]}, {"key": "set-out", "type": "definition", "offset": [499, 506]}, {"key": "in-this-agreement", "type": "clause", "offset": [507, 524]}, {"key": "material-adverse-effect", "type": "definition", "offset": [584, 607]}, {"key": "approved-bid", "type": "definition", "offset": [632, 644]}, {"key": "named-project", "type": "definition", "offset": [655, 668]}, {"key": "subject-to", "type": "clause", "offset": [699, 709]}, {"key": "section-15", "type": "clause", "offset": [712, 722]}, {"key": "section-114-report", "type": "definition", "offset": [738, 756]}, {"key": "prohibited-act", "type": "definition", "offset": [815, 829]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [849, 867]}, {"key": "in-respect-of", "type": "definition", "offset": [889, 902]}, {"key": "waiver-condition", "type": "definition", "offset": [913, 929]}, {"key": "open-book-obligations", "type": "definition", "offset": [977, 998]}, {"key": "the-gla", "type": "definition", "offset": [1006, 1013]}, {"key": "acting-reasonably", "type": "clause", "offset": [1026, 1043]}, {"key": "in-delivering-the", "type": "clause", "offset": [1169, 1186]}, {"key": "registered-provider", "type": "definition", "offset": [1285, 1304]}, {"key": "partner-status", "type": "clause", "offset": [1378, 1392]}, {"key": "the-regulator", "type": "clause", "offset": [1436, 1449]}, {"key": "is-likely", "type": "definition", "offset": [1587, 1596]}, {"key": "breach-of-condition", "type": "clause", "offset": [1618, 1637]}, {"key": "minimum-standards", "type": "definition", "offset": [1679, 1696]}, {"key": "the-requirements", "type": "clause", "offset": [1801, 1817]}, {"key": "obligation-to-pay", "type": "clause", "offset": [1846, 1863]}, {"key": "amounts-due", "type": "definition", "offset": [1877, 1888]}, {"key": "breach-of-the-agreement", "type": "clause", "offset": [1928, 1951]}, {"key": "mayor-of-london", "type": "definition", "offset": [2141, 2156]}, {"key": "estate-regeneration-requirement", "type": "definition", "offset": [2319, 2350]}, {"key": "comply-with-the", "type": "clause", "offset": [2390, 2405]}, {"key": "section-8", "type": "clause", "offset": [2580, 2589]}, {"key": "affordable-housing-capital-funding-guide", "type": "definition", "offset": [2590, 2630]}, {"key": "planning-permission", "type": "definition", "offset": [2658, 2677]}, {"key": "the-site", "type": "clause", "offset": [2691, 2699]}, {"key": "issued-to", "type": "definition", "offset": [2711, 2720]}, {"key": "affected-by", "type": "definition", "offset": [2731, 2742]}, {"key": "delivery-of-the", "type": "clause", "offset": [2747, 2762]}, {"key": "in-order-to", "type": "clause", "offset": [2952, 2963]}, {"key": "the-resident", "type": "definition", "offset": [2989, 3001]}, {"key": "the-facts", "type": "clause", "offset": [3029, 3038]}, {"key": "compliance-checklist", "type": "definition", "offset": [3069, 3089]}, {"key": "exemption-certificate", "type": "definition", "offset": [3093, 3114]}, {"key": "in-all-material-respects", "type": "definition", "offset": [3197, 3221]}, {"key": "the-relevant", "type": "clause", "offset": [3345, 3357]}, {"key": "required-by", "type": "definition", "offset": [3369, 3380]}, {"key": "absolute-discretion", "type": "definition", "offset": [3397, 3416]}, {"key": "the-special-conditions", "type": "clause", "offset": [3477, 3499]}, {"key": "the-grant-recipient-must", "type": "clause", "offset": [3644, 3668]}, {"key": "notify-the", "type": "clause", "offset": [3669, 3679]}, {"key": "in-writing", "type": "clause", "offset": [3696, 3706]}, {"key": "occurrence-of-a-default", "type": "clause", "offset": [3714, 3737]}, {"key": "without-prejudice-to-condition", "type": "clause", "offset": [3749, 3779]}, {"key": "in-the-event-of", "type": "clause", "offset": [3785, 3800]}, {"key": "submission-of", "type": "clause", "offset": [3980, 3993]}, {"key": "additional-project", "type": "definition", "offset": [4019, 4037]}, {"key": "where-the-default-event-is", "type": "clause", "offset": [4050, 4076]}, {"key": "in-conditions", "type": "clause", "offset": [4108, 4121]}], "snippet": "5.1 The following circumstances shall constitute a Default Event:\n5.1.1 failure by the Grant Recipient to comply with its obligations in Condition 3 Condition 8.5 or Condition 12 and/or any information supplied in connection with its obligations in Condition 3 Condition 8.5 or Condition 12, whether in relation to the Contract Monitoring Outputs or otherwise is materially deficient, misleading or inaccurate;\n5.1.2 the Grant Recipient is unable to make the representations and give the warranties set out in this Agreement (in any case in whole or in part) and there is a resulting Material Adverse Effect in relation to:\n(a) the Approved Bid; or\n(b) a Named Project;\n5.1.3 the Grant Recipient is subject to a Section 15 Direction or a Section 114 Report which has or will have a Material Adverse Effect;\n5.1.4 a Prohibited Act has been committed by or on behalf of the Grant Recipient (in respect of which the Waiver Condition has not been satisfied);\n5.1.5 a breach of the Open Book Obligations;\n5.1.6 the GLA determines (acting reasonably) that proper progress against the Grant Recipient's projections in the Approved Bid has not been made by the Grant Recipient in delivering the Approved Bid;\n5.1.7 the Grant Recipient ceases operating;\n5.1.8 the Grant Recipient's status as a Registered Provider is lost, relinquished or removed;\n5.1.9 the Grant Recipient's Investment Partner status is lost or removed in its entirety;\n5.1.10 the Regulator directs or recommends that grant is not to be paid to the Grant Recipient or the GLA understands that such a direction or recommendation is likely to be made;\n5.1.11 a breach of Condition 8 or Condition 16 or a breach of the RHP Minimum Standards in respect of a Named Project;\n5.1.12 a failure or inability by the Grant Recipient to comply with:\n(a) the requirements of Condition 10; or\n(b) any obligation to pay or repay any amounts due under this Agreement;\n5.1.13 any other breach of the Agreement which has a Material Adverse Effect;\n5.1.14 the Grant Recipient (either by its own actions or omissions, or those of its contractors or agents) \u2587\u2587\u2587\u2587\u2587 the GLA's, the RHP's reputation or the Mayor of London's reputation or brings the GLA, the RHP or the Mayor of London into disrepute; and\n5.1.15 any of the following events or circumstances occur:\n(a) a breach of the Estate Regeneration Requirement;\n(b) the Grant Recipient has failed to comply with the Estate Regeneration Requirement in circumstances where in the GLA's reasonable opinion the Estate Regeneration Requirement ought to have been complied with (having regard to section 8 Affordable Housing Capital Funding Guide);\n(c) having regard to any planning permission obtained for the Site or reports issued to residents affected by the delivery of the Named Project, in the GLA's reasonable opinion, a breach of the Estate Regeneration Requirement is likely to occur; or\n(d) in the GLA's opinion the Grant Recipient has partitioned the Site in order to avoid the application of the Resident Ballot Requirement;\n5.1.16 the facts or circumstances upon which a Compliance Checklist or Exemption Certificate was provided (as applicable) change so that such certificate is no longer correct in all material respects;\n5.1.17 an Exemption Certificate expires or is withdrawn by the GLA;\n5.1.18 any Drawdown Condition is not satisfied within the relevant timescales required by the GLA (in its absolute discretion);\n5.1.19 the occurrence of a Use Breach;\n5.1.20 a breach of the Special Conditions; and\n5.1.21 the Grant Recipient's Investment Partner status has been restricted such that it does not extend to the relevant Named Project.\n5.2 The Grant Recipient must notify the GLA immediately in writing on the occurrence of a Default Event.\n5.3 Without prejudice to Condition 5.4, in the event of the occurrence of a Default Event and for so long as that Default Event subsists (or another Default Event has occurred and is continuing) the GLA shall be entitled to reject the submission of any New Named Project or Additional Project on OPS.\n5.4 Where the Default Event is:\n5.4.1 an occurrence specified in Conditions 5.1.3, 5.1.4, 5.1.7, 5.1.8, 5.1.9 and/or", "size": 15, "hash": "dc609584c33db73cf96d11ef568ec718", "id": 2}, {"samples": [{"hash": "lvcU0RniE3D", "uri": "/contracts/lvcU0RniE3D#default-events", "label": "Securities Lending Agency Agreement (Undiscovered Managers Funds)", "score": 21.954826355, "published": true}, {"hash": "70t7lGdKapF", "uri": "/contracts/70t7lGdKapF#default-events", "label": "Securities Lending Agency Agreement (Jp Morgan Mutual Fund Investment Trust)", "score": 21.8179321289, "published": true}, {"hash": "4ICDHufcUOP", "uri": "/contracts/4ICDHufcUOP#default-events", "label": "Securities Lending Agency Agreement (Jp Morgan Fleming Mutual Fund Group Inc)", "score": 21.8179321289, "published": true}], "snippet_links": [{"key": "a-default", "type": "definition", "offset": [16, 25]}, {"key": "the-applicable", "type": "clause", "offset": [40, 54]}, {"key": "with-respect-to", "type": "clause", "offset": [73, 88]}, {"key": "any-loan", "type": "clause", "offset": [89, 97]}, {"key": "entered-into", "type": "clause", "offset": [98, 110]}, {"key": "authorized-by", "type": "clause", "offset": [156, 169]}, {"key": "each-lender", "type": "clause", "offset": [170, 181]}, {"key": "in-its-discretion", "type": "clause", "offset": [215, 232]}, {"key": "notification-to-lender", "type": "clause", "offset": [251, 273]}, {"key": "any-and-all-remedies", "type": "clause", "offset": [275, 295]}, {"key": "available-under", "type": "clause", "offset": [319, 334]}, {"key": "applicable-law", "type": "definition", "offset": [335, 349]}, {"key": "in-addition", "type": "clause", "offset": [351, 362]}, {"key": "in-respect-of", "type": "definition", "offset": [411, 424]}, {"key": "loan-of-securities", "type": "clause", "offset": [429, 447]}, {"key": "pursuant-to-the", "type": "definition", "offset": [477, 492]}, {"key": "securities-on-loan", "type": "clause", "offset": [522, 540]}, {"key": "return-date", "type": "definition", "offset": [567, 578]}, {"key": "section-12", "type": "clause", "offset": [630, 640]}, {"key": "replacement-securities", "type": "clause", "offset": [668, 690]}, {"key": "loaned-securities", "type": "clause", "offset": [748, 765]}, {"key": "the-lender", "type": "clause", "offset": [769, 779]}, {"key": "account-with", "type": "definition", "offset": [782, 794]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [806, 828]}, {"key": "subject-to-sections", "type": "clause", "offset": [913, 932]}, {"key": "market-value", "type": "clause", "offset": [991, 1003]}, {"key": "credit-date", "type": "definition", "offset": [1038, 1049]}, {"key": "to-the-extent", "type": "clause", "offset": [1070, 1083]}, {"key": "make-payments", "type": "clause", "offset": [1129, 1142]}, {"key": "against-borrower", "type": "clause", "offset": [1219, 1235]}, {"key": "fails-to-pay", "type": "clause", "offset": [1284, 1296]}, {"key": "cash-distributions", "type": "definition", "offset": [1311, 1329]}, {"key": "overdraft-charges", "type": "clause", "offset": [1518, 1535]}, {"key": "the-custodian", "type": "definition", "offset": [1547, 1560]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [1562, 1590]}, {"key": "dividends-and-other-distributions", "type": "clause", "offset": [1632, 1665]}, {"key": "not-limited", "type": "clause", "offset": [1682, 1693]}, {"key": "payments-made-by", "type": "clause", "offset": [1698, 1714]}, {"key": "the-depositary", "type": "definition", "offset": [1715, 1729]}, {"key": "in-connection-with", "type": "clause", "offset": [1730, 1748]}, {"key": "american-depositary-receipts", "type": "clause", "offset": [1749, 1777]}, {"key": "the-foregoing", "type": "definition", "offset": [1949, 1962]}], "snippet": "In the event of a default as defined in the applicable SLA by a borrower with respect to any loan entered into pursuant to an SLA, GSAL will, and is hereby authorized by each Lender to, exercise on Lender's behalf, in its discretion and without prior notification to Lender, any and all remedies provided thereunder or available under applicable law. In addition, the following applies:\n(a) If a borrower fails in respect of any loan of securities effected pursuant hereto and pursuant to the applicable SLA to return any securities on loan when due thereunder (the \u201cReturn Date\u201d), then GSAL shall, at its expense, but subject to Section 12(e) and (g) hereof, deposit replacement securities of the same issue, type, class and series as that of the loaned securities to the Lender\u2019s account with Custodian, as soon as practicable. If GSAL is unable to obtain replacement securities, GSAL shall at its expense, but subject to Sections 12(e) and (g) hereof, pay Lender in U.S. dollars with the Market Value of such securities on loan on the Credit Date (as defined below). To the extent that GSAL deposits replacement securities or make payments pursuant to this Section 12(a), GSAL shall be subrogated to Lender\u2019s rights against borrower as provided in Section 12(g).\n(b) If a borrower fails to pay the amount of cash Distributions with respect to securities on loan that Lender would have received had such securities not been on loan, GSAL shall pay Lender the amount of such cash Distributions plus the amount of any overdraft charges charged by the Custodian. For purposes of this section 12, \u201cDistributions\u201d shall mean interest, dividends and other distributions (including, but not limited to, payments made by the depositary in connection with American Depositary Receipts). To the extent that GSAL has made any payments pursuant to this Section 12(b), GSAL shall be subrogated to Lender\u2019s rights against Borrower as provided in Section 12(g). The foregoing shall, subject to Section 12(g), be at GSAL\u2019s expense.", "size": 13, "hash": "7b19e3ebfa7b58da7b0ffc09150a7544", "id": 3}, {"samples": [{"hash": "aJvwCob8jjw", "uri": "/contracts/aJvwCob8jjw#default-events", "label": "Lease Agreement", "score": 28.3408622742, "published": true}, {"hash": "6wHRlkHcEkV", "uri": "/contracts/6wHRlkHcEkV#default-events", "label": "Lease Agreement (Home Treasure Finders, Inc.)", "score": 23.8651599884, "published": true}, {"hash": "3y6FeWpBCUo", "uri": "/contracts/3y6FeWpBCUo#default-events", "label": "Lease Agreement (Advanced Cannabis Solutions, Inc.)", "score": 23.1149902344, "published": true}], "snippet_links": [{"key": "breach-of-this-agreement", "type": "definition", "offset": [81, 105]}, {"key": "by-tenant", "type": "definition", "offset": [106, 115]}, {"key": "abandonment-of-the-leased-premises", "type": "clause", "offset": [136, 170]}, {"key": "failure-to-occupy", "type": "clause", "offset": [182, 199]}, {"key": "consecutive-days", "type": "definition", "offset": [245, 261]}, {"key": "abandonment-and-vacation", "type": "clause", "offset": [281, 305]}, {"key": "failure-to-report", "type": "clause", "offset": [314, 331]}, {"key": "as-required-by", "type": "clause", "offset": [332, 346]}, {"key": "section-9", "type": "clause", "offset": [347, 356]}, {"key": "the-tenant", "type": "clause", "offset": [382, 392]}, {"key": "the-covenants", "type": "clause", "offset": [450, 463]}, {"key": "provisions-of-this", "type": "clause", "offset": [479, 497]}, {"key": "days-after", "type": "definition", "offset": [567, 577]}, {"key": "written-notice", "type": "clause", "offset": [578, 592]}, {"key": "to-tenant", "type": "definition", "offset": [607, 616]}, {"key": "cure-the-default", "type": "clause", "offset": [712, 728]}, {"key": "day-period", "type": "definition", "offset": [749, 759]}, {"key": "in-good-faith", "type": "definition", "offset": [779, 792]}, {"key": "assignment-for-the-benefit-of-creditors", "type": "clause", "offset": [863, 902]}, {"key": "relating-to", "type": "definition", "offset": [1050, 1061]}, {"key": "in-the-case", "type": "clause", "offset": [1082, 1093]}, {"key": "the-petition", "type": "clause", "offset": [1130, 1142]}, {"key": "possession-of", "type": "clause", "offset": [1195, 1208]}, {"key": "all-of-tenant", "type": "definition", "offset": [1223, 1236]}, {"key": "the-premises", "type": "clause", "offset": [1257, 1269]}, {"key": "in-this-agreement", "type": "clause", "offset": [1294, 1311]}, {"key": "within-thirty", "type": "clause", "offset": [1356, 1369]}, {"key": "failure-to-pay-rent", "type": "clause", "offset": [1607, 1626]}, {"key": "sums-payable", "type": "clause", "offset": [1640, 1652]}, {"key": "under-this-lease", "type": "clause", "offset": [1663, 1679]}, {"key": "notice-of", "type": "clause", "offset": [1733, 1742]}, {"key": "receipt-of", "type": "clause", "offset": [1811, 1821]}, {"key": "representation-or-warranty", "type": "clause", "offset": [1842, 1868]}, {"key": "the-execution", "type": "clause", "offset": [1929, 1942]}], "snippet": "The occurrence of any one of the following events shall constitute a default and breach of this Agreement by Tenant:\n1. The vacating or abandonment of the Leased Premises by Tenant. Failure to occupy and operate the Leased Premises for ten (10) consecutive days shall be deemed an abandonment and vacation;\n2. The failure to report as required by Section 9 of this Agreement;\n3. If the Tenant fails to observe or fails to perform, or violates any of the covenants, conditions or provisions of this Lease, and if such failure or violation is not cured within five (5) days after written notice has been sent to Tenant, unless the default cannot reasonably be cured within five (5) days and Tenant takes action to cure the default within the five (5) day period and diligently and in good faith continues to cure the default;\n4. The making by Tenant of any general assignment for the benefit of creditors; the filing by or against Tenant of a petition to have Tenant adjudged a bankrupt or of a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against Tenant, the petition is dismissed within sixty (60) days); the taking of possession of substantially all of Tenant\u2019s assets located at the Premises or of Tenant\u2019s interest in this Agreement, where possession is not restored to Tenant within thirty (30) days; or the attachment, execution or other judicial seizure of substantially all of Tenant\u2019s assets located at the Premises or of Tenant\u2019s interest in this Agreement where such seizure is not discharged within thirty (30) days;\n5. Failure to pay rent or any other sums payable by Tenant under this Lease when due after Landlord provides Tenant with written notice of such failure to pay and Tenant fails to cure after five (5) days of receipt of such notice;\n6. Any representation or warranty by Tenant was materially false or inaccurate at the time of the execution of this Lease.", "size": 12, "hash": "573a025dab5f5530bd2ca7c390d87a92", "id": 4}, {"samples": [{"hash": "kLLRDfoFqrl", "uri": "/contracts/kLLRDfoFqrl#default-events", "label": "Crown Deed of Guarantee", "score": 19.0, "published": true}, {"hash": "hDy87nLXAs5", "uri": "/contracts/hDy87nLXAs5#default-events", "label": "Crown Deed of Guarantee", "score": 19.0, "published": true}, {"hash": "fNZ2j1WZrJC", "uri": "/contracts/fNZ2j1WZrJC#default-events", "label": "Crown Deed of Guarantee", "score": 19.0, "published": true}], "snippet_links": [{"key": "principal-debtor", "type": "clause", "offset": [4, 20]}, {"key": "the-crown", "type": "clause", "offset": [54, 63]}, {"key": "default-event", "type": "clause", "offset": [71, 84]}, {"key": "passage-of-time", "type": "clause", "offset": [130, 145]}, {"key": "giving-of-notice", "type": "clause", "offset": [151, 167]}, {"key": "other-action", "type": "definition", "offset": [189, 201]}, {"key": "would-be-likely", "type": "definition", "offset": [212, 227]}, {"key": "a-default", "type": "definition", "offset": [259, 268]}], "snippet": "The Principal Debtor shall immediately give notice to the Crown of any Default Event or any circumstance or event which, with the passage of time, the giving of notice or the taking of any other action would, or would be likely to, constitute or give rise to a Default Event.", "size": 11, "hash": "be57d3ea45a61d2f6bcd0e0e487e262d", "id": 5}, {"samples": [{"hash": "BSmMpDU3t6", "uri": "/contracts/BSmMpDU3t6#default-events", "label": "Purchase Agreement", "score": 34.3282966614, "published": true}, {"hash": "bV3S1Tbu1cX", "uri": "/contracts/bV3S1Tbu1cX#default-events", "label": "Purchase Agreement", "score": 33.5562477112, "published": true}, {"hash": "BEEjsjOTFx", "uri": "/contracts/BEEjsjOTFx#default-events", "label": "Purchase Agreement", "score": 32.5011634827, "published": true}], "snippet_links": [{"key": "either-party", "type": "definition", "offset": [0, 12]}, {"key": "notice-to-the", "type": "clause", "offset": [28, 41]}, {"key": "other-party", "type": "clause", "offset": [42, 53]}, {"key": "terminate-the-agreement", "type": "clause", "offset": [54, 77]}, {"key": "materially-breached", "type": "definition", "offset": [107, 126]}, {"key": "material-obligation", "type": "clause", "offset": [164, 183]}, {"key": "capable-of", "type": "definition", "offset": [236, 246]}, {"key": "working-days", "type": "definition", "offset": [299, 311]}, {"key": "the-first-party", "type": "definition", "offset": [315, 330]}, {"key": "right-to-terminate", "type": "clause", "offset": [380, 398]}, {"key": "this-clause", "type": "clause", "offset": [405, 416]}, {"key": "rights-or-obligations", "type": "clause", "offset": [481, 502]}, {"key": "in-accordance-with", "type": "clause", "offset": [518, 536]}, {"key": "clause-17", "type": "definition", "offset": [537, 546]}, {"key": "assignment-and-subcontracting", "type": "clause", "offset": [548, 577]}, {"key": "in-respect-of", "type": "definition", "offset": [687, 700]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [716, 734]}, {"key": "amalgamation-or-reconstruction", "type": "clause", "offset": [745, 775]}, {"key": "unable-to-pay", "type": "definition", "offset": [804, 817]}, {"key": "subject-to", "type": "clause", "offset": [948, 958]}, {"key": "an-event-of-force-majeure", "type": "clause", "offset": [959, 984]}, {"key": "materially-affects", "type": "definition", "offset": [990, 1008]}, {"key": "performance-of-the-agreement", "type": "clause", "offset": [1013, 1041]}], "snippet": "Either party may on written notice to the other party terminate the Agreement, if the other party: (a) has materially breached any of its obligations or breaches a material obligation under the Agreement, where either the breach is not capable of being rectified or has not been rectified within 20 Working Days of the first party giving written notice specifying that it has the right to terminate under this clause if the breach is not rectified; (b) has purported to assign its rights or obligations otherwise than in accordance with clause 17 (Assignment and subcontracting); (c) goes into liquidation or has a receiver, administrator, statutory manager or similar officer appointed in respect of it (other than for the purpose of a solvent amalgamation or reconstruction); (d) is or is deemed to be unable to pay its debts as they become due, or proposes or enters into any arrangement, compromise or composition with its creditors; or (e) is subject to an event of Force Majeure that materially affects its performance of the Agreement and continues for more than 20 Working Days.", "size": 9, "hash": "70a28f42dfcbe97e173a35c6bc6589cc", "id": 6}, {"samples": [{"hash": "iAVPo8jAWOs", "uri": "/contracts/iAVPo8jAWOs#default-events", "label": "Share Pledge Agreement (China Digital TV Holding Co., Ltd.)", "score": 23.2915802002, "published": true}, {"hash": "egAEjdVILXJ", "uri": "/contracts/egAEjdVILXJ#default-events", "label": "Share Pledge Agreement (China Digital TV Holding Co., Ltd.)", "score": 23.2915802002, "published": true}, {"hash": "84bdGj6cOpq", "uri": "/contracts/84bdGj6cOpq#default-events", "label": "Share Pledge Agreement (China Digital TV Holding Co., Ltd.)", "score": 23.2915802002, "published": true}], "snippet_links": [{"key": "default-event", "type": "clause", "offset": [6, 19]}, {"key": "successor-or-transferee", "type": "clause", "offset": [59, 82]}, {"key": "the-\u2587", "type": "clause", "offset": [90, 95]}, {"key": "the-agreements", "type": "clause", "offset": [179, 193]}, {"key": "representation-or-warranty", "type": "clause", "offset": [205, 231]}, {"key": "section-5", "type": "definition", "offset": [255, 264]}, {"key": "representations-and-warranties", "type": "definition", "offset": [352, 382]}, {"key": "in-section-6", "type": "clause", "offset": [460, 472]}, {"key": "approval-of", "type": "clause", "offset": [643, 654]}, {"key": "the-pledgee", "type": "clause", "offset": [655, 666]}, {"key": "pledged-equity", "type": "definition", "offset": [672, 686]}, {"key": "any-loan", "type": "clause", "offset": [694, 702]}, {"key": "other-liability", "type": "clause", "offset": [743, 758]}, {"key": "third-party", "type": "clause", "offset": [794, 805]}, {"key": "result-of-default", "type": "clause", "offset": [863, 880]}, {"key": "due-time", "type": "definition", "offset": [945, 953]}, {"key": "other-liabilities", "type": "definition", "offset": [1140, 1157]}, {"key": "laws-or-regulations", "type": "clause", "offset": [1186, 1205]}, {"key": "agreement-or", "type": "definition", "offset": [1232, 1244]}, {"key": "the-performance", "type": "clause", "offset": [1282, 1297]}, {"key": "by-the-government", "type": "clause", "offset": [1387, 1404]}, {"key": "effectiveness-of-this-agreement", "type": "clause", "offset": [1460, 1491]}, {"key": "affected-by", "type": "definition", "offset": [1726, 1737]}, {"key": "other-cases", "type": "clause", "offset": [1768, 1779]}, {"key": "according-to", "type": "definition", "offset": [1787, 1799]}, {"key": "the-relevant", "type": "clause", "offset": [1800, 1812]}, {"key": "statutory-provisions", "type": "clause", "offset": [1813, 1833]}, {"key": "to-exercise", "type": "clause", "offset": [1862, 1873]}, {"key": "right-of-pledge", "type": "definition", "offset": [1878, 1893]}, {"key": "section-71", "type": "definition", "offset": [2053, 2064]}, {"key": "in-writing", "type": "clause", "offset": [2103, 2113]}, {"key": "in-the-case", "type": "clause", "offset": [2150, 2161]}, {"key": "satisfaction-of", "type": "clause", "offset": [2234, 2249]}, {"key": "at-any-time", "type": "clause", "offset": [2324, 2335]}, {"key": "written-notice-of-default", "type": "clause", "offset": [2378, 2403]}, {"key": "pay-off", "type": "clause", "offset": [2430, 2437]}, {"key": "all-debts", "type": "clause", "offset": [2450, 2459]}, {"key": "other-amounts-payable", "type": "clause", "offset": [2464, 2485]}, {"key": "remedial-measures", "type": "clause", "offset": [2676, 2693]}, {"key": "date-of", "type": "clause", "offset": [2718, 2725]}, {"key": "the-notice", "type": "clause", "offset": [2726, 2736]}, {"key": "the-right", "type": "clause", "offset": [2785, 2794]}, {"key": "section-8", "type": "clause", "offset": [2818, 2827]}], "snippet": "7.1 A Default Event occurs, if\n7.1.1 N-S Digital TV or its successor or transferee and/or the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 or his successor or transferee fails to perform its or his obligations under the Agreements;\n7.1.2 any representation or warranty made by the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 in Section 5 hereof is substantially misleading or mistaken, and/or the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 violates any of his representations and warranties made in Section 5 hereof;\n7.1.3 the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 violates any of his undertakings in Section 6 hereof;\n7.1.4 the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 violates any provisions herein;\n7.1.5 except with agreement made under Section 6.1.1 hereof, the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 abandons, or transfers without written approval of the Pledgee, the pledged Equity;\n7.1.6 any loan, security, compensation, undertaking or other liability owed or made by the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 to any third party (1) is required to be discharged or performed early as a result of default; or (2) has become due but cannot be discharged or performed in due time and, in the opinion of the Pledgee, the ability of the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 to perform his obligations hereunder has been affected;\n7.1.7 the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 is unable to discharge his ordinary debts or any other liabilities;\n7.1.8 the enactment of any laws or regulations causes invalidity of this Agreement or makes the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 unable to continue the performance of his obligations hereunder;\n7.1.9 any ratification, license, approval or authorization by the government that is required for the enforceability or validity or effectiveness of this Agreement is withdrawn, suspended, substantially amended or has lapsed;\n7.1.10 any unfavorable change occurs to the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 property and, in the opinion of the Pledgee, the ability of the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 to perform his obligations hereunder has been affected by such change; or\n7.1.11 in any other cases where, according to the relevant statutory provisions, the Pledgee becomes unable to exercise its Right of Pledge.\n7.2 Upon becoming aware of or discovering the occurrence of any Default Event or of any event that may cause the occurrence of any Default Event set forth in Section 7.1, the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall immediately inform in writing the Pledgee of such occurrence.\n7.3 In the case of any Default Event, unless such Default Event has been settled to the satisfaction of the Pledgee, the Pledgee may, upon the occurrence of the Default Event or at any time after such occurrence, give the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 a written Notice of Default, requiring the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 to pay off immediately all debts and other amounts payable under the Agreements or to promptly perform and/or cause N-S Digital TV to perform the Agreements. If the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 or N-S Digital TV fails to correct his or its default or to adopt necessary remedial measures within 10 days from the date of the Notice of Default, the Pledgee is entitled to exercise the Right of Pledge according to Section 8 hereof.", "size": 8, "hash": "cda6c9311acdca97d55c8d9caa8c196b", "id": 7}, {"samples": [{"hash": "hfPFe6tirnB", "uri": "/contracts/hfPFe6tirnB#default-events", "label": "Standard Terms and Conditions", "score": 29.5336036682, "published": true}, {"hash": "ehlyi3sPFm8", "uri": "/contracts/ehlyi3sPFm8#default-events", "label": "Service Level Agreement", "score": 24.3812465668, "published": true}, {"hash": "7OlbvzhCstC", "uri": "/contracts/7OlbvzhCstC#default-events", "label": "Standard Terms and Conditions", "score": 24.3812465668, "published": true}], "snippet_links": [{"key": "a-party", "type": "clause", "offset": [0, 7]}, {"key": "default-under-this-agreement", "type": "clause", "offset": [14, 42]}, {"key": "assignment-for-the-benefit-of-creditors", "type": "clause", "offset": [184, 223]}, {"key": "provision-of-law", "type": "definition", "offset": [237, 253]}, {"key": "protection-from", "type": "clause", "offset": [316, 331]}, {"key": "legal-requirement", "type": "clause", "offset": [375, 392]}, {"key": "relating-to", "type": "definition", "offset": [393, 404]}, {"key": "receipt-of-service", "type": "definition", "offset": [422, 440]}, {"key": "within-thirty", "type": "clause", "offset": [476, 489]}, {"key": "notice-of-the", "type": "clause", "offset": [522, 535]}, {"key": "material-obligation", "type": "clause", "offset": [629, 648]}, {"key": "payment-of-money", "type": "clause", "offset": [686, 702]}, {"key": "failure-of-service", "type": "definition", "offset": [808, 826]}, {"key": "a-default", "type": "definition", "offset": [834, 843]}, {"key": "affected-service", "type": "definition", "offset": [880, 896]}, {"key": "fails-to-pay", "type": "clause", "offset": [932, 944]}, {"key": "amounts-due-hereunder", "type": "clause", "offset": [949, 970]}, {"key": "syringa-networks", "type": "clause", "offset": [1078, 1094]}, {"key": "to-provide", "type": "definition", "offset": [1117, 1127]}, {"key": "two-times", "type": "clause", "offset": [1150, 1159]}, {"key": "failure-to-pay-when-due", "type": "clause", "offset": [1197, 1220]}, {"key": "an-event-of-default", "type": "clause", "offset": [1248, 1267]}, {"key": "without-notice", "type": "definition", "offset": [1268, 1282]}], "snippet": "A Party is in default under this Agreement if any of the following occurs (each an \u201cEvent of Default\u201d):\n(a) a Party becomes insolvent, liquidates, is adjudicated as bankrupt, makes an assignment for the benefit of creditors, invokes any provision of law for the relief of debtors or initiates any proceeding seeking protection from its creditors; or\n(b) a Party violates any legal requirement relating to the provision or receipt of Service, and the violation is not remedied within thirty (30) days of receipt of written notice of the violation;\n(c) except as may otherwise be provided in an Exhibit, a Party fails to perform a material obligation under this Agreement (other than the payment of money), and the failure is not remedied within thirty (30) days of receipt of written notice of the failure. A failure of Service is not a default entitling Customer to terminate the affected Service or this Agreement; or\n(d) Customer fails to pay any amounts due hereunder, and the failure is not remedied within ten (10) days of written notice of the failure; provided, however, Syringa Networks shall not be required to provide such notice more than two times in any twelve- month period and such failure to pay when due thereafter shall be deemed an Event of Default without notice.", "size": 8, "hash": "27e9f0b7d47ae2141694bce8ce65040f", "id": 8}, {"samples": [{"hash": "6bZw3f2ioZG", "uri": "/contracts/6bZw3f2ioZG#default-events", "label": "Direct Debit Request Service Agreement", "score": 24.1149902344, "published": true}, {"hash": "1VINV1SpLqK", "uri": "/contracts/1VINV1SpLqK#default-events", "label": "Direct Debit Request Service Agreement", "score": 23.2861061096, "published": true}], "snippet_links": [{"key": "default-under-this-agreement", "type": "clause", "offset": [42, 70]}, {"key": "comply-with", "type": "clause", "offset": [156, 167]}, {"key": "notice-by", "type": "clause", "offset": [183, 192]}, {"key": "payment-to", "type": "clause", "offset": [206, 216]}, {"key": "complying-with", "type": "clause", "offset": [418, 432]}, {"key": "your-obligations", "type": "definition", "offset": [440, 456]}, {"key": "clause-11", "type": "definition", "offset": [463, 472]}, {"key": "the-goods", "type": "clause", "offset": [535, 544]}, {"key": "rights-under-the-agreement", "type": "clause", "offset": [560, 586]}, {"key": "notice-of-the", "type": "clause", "offset": [923, 936]}, {"key": "a-corporation", "type": "clause", "offset": [957, 970]}, {"key": "another-person", "type": "clause", "offset": [1001, 1015]}, {"key": "the-basis", "type": "clause", "offset": [1019, 1028]}, {"key": "unable-to-pay", "type": "definition", "offset": [1055, 1068]}, {"key": "appointment-of-a", "type": "clause", "offset": [1133, 1149]}, {"key": "an-individual", "type": "clause", "offset": [1200, 1213]}, {"key": "you-die", "type": "clause", "offset": [1218, 1225]}, {"key": "mental-illness", "type": "definition", "offset": [1288, 1302]}, {"key": "other-condition", "type": "clause", "offset": [1306, 1321]}, {"key": "dissolution-of-the-partnership", "type": "clause", "offset": [1478, 1508]}, {"key": "the-holder", "type": "clause", "offset": [1513, 1523]}, {"key": "to-exercise", "type": "clause", "offset": [1581, 1592]}, {"key": "on-default", "type": "clause", "offset": [1612, 1622]}, {"key": "pursuant-to", "type": "clause", "offset": [1623, 1634]}, {"key": "the-security", "type": "clause", "offset": [1685, 1697]}, {"key": "the-benefit", "type": "clause", "offset": [1720, 1731]}, {"key": "intercompany-guarantee", "type": "definition", "offset": [1776, 1798]}, {"key": "entered-into", "type": "clause", "offset": [1834, 1846]}, {"key": "in-relation-to", "type": "clause", "offset": [1925, 1939]}, {"key": "obligations-under-the-agreement", "type": "clause", "offset": [1969, 2000]}, {"key": "relation-to-the-agreement", "type": "clause", "offset": [2057, 2082]}, {"key": "our-discretion", "type": "clause", "offset": [2117, 2131]}, {"key": "a-change-in", "type": "definition", "offset": [2164, 2175]}, {"key": "credit-risk", "type": "definition", "offset": [2180, 2191]}, {"key": "associated-with", "type": "definition", "offset": [2192, 2207]}, {"key": "before-the-agreement", "type": "clause", "offset": [2250, 2270]}, {"key": "a-change-of", "type": "definition", "offset": [2299, 2310]}, {"key": "controlling-person", "type": "clause", "offset": [2315, 2333]}, {"key": "no-agreement", "type": "clause", "offset": [2421, 2433]}, {"key": "change-to", "type": "definition", "offset": [2459, 2468]}, {"key": "the-terms-of-the-agreement", "type": "clause", "offset": [2469, 2495]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [2637, 2656]}], "snippet": "13.1 Each of the following is an Event of Default under this Agreement:\na) you fail to pay any one or more Instalments in whole or in part and also fail to comply with any subsequent notice by us requiring payment to be made;\nb) you fail to pay any one or more Instalments in whole or in part and also fail to meet a subsequent undertaking (written or oral) given by you to us to remedy the default;\nc) you default in complying with any of your obligations under clause 11 (Insurance);\nd) you purport to assign or in any way deal with the Goods or any of your rights under the Agreement;\ne) the Goods are lost or destroyed or we form the opinion that they are so damaged as to make their repair uneconomical;\nf) you default in complying with any obligation under the Agreement (except where there is an event described in subclauses 13.1(a) to 13.1(e) above) and the default is not remedied within 14 days of us giving you notice of the default;\ng) you are a corporation and action is taken by you or another person on the basis that you are insolvent or unable to pay your debts when they are due, including any application for the appointment of a liquidator, receiver or administrator;\nh) you are an individual and you die or become incapable of managing your own affairs by reason of mental illness or other condition, or you become or become liable to be declared bankrupt;\ni) you are a partnership and the partnership is dissolved or an application is made to a court for dissolution of the partnership;\nj) the holder of any security over any of your assets becomes entitled to exercise any powers arising on default pursuant to that security or otherwise take action to enforce the security;\nk) you cease to have the benefit of an ASIC class-order guarantee or similar intercompany guarantee which existed at that the time you entered into this Agreement;\nl) an event described in subclauses 13.1(g) to 13.1(k) occurs in relation to any guarantor of any of your obligations under the Agreement;\nm) any warranty given or representation made by you in relation to the Agreement is false; and / or n) we have, at our discretion, determined that there has been a change in the credit risk associated with the Agreement from that which we assessed before the Agreement was entered into (including a change of any Controlling Person whether of you or of any guarantor of any of your obligations under the Agreement) and no agreement is made with you as to a change to the terms of the Agreement which is satisfactory to us.\n13.2 However, where you have failed to pay part of one or more Instalments, an Event of Default will only occur for the purposes of clause 13.1(a) or 13.1(b) (or both) if you have failed to pay part of one or more Net Instalments.", "size": 8, "hash": "5c3e0bce68bea71f39fa11a757fa98ef", "id": 9}, {"samples": [{"hash": "eOE5s9V4xA6", "uri": "/contracts/eOE5s9V4xA6#default-events", "label": "Working Capital Loan Contract (Sooner Holdings Inc /Ok/)", "score": 20.8672142029, "published": true}, {"hash": "hPx4qndlvxK", "uri": "/contracts/hPx4qndlvxK#default-events", "label": "Working Capital Loan Contract (Sooner Holdings Inc /Ok/)", "score": 20.6180706024, "published": true}], "snippet_links": [{"key": "events-of", "type": "clause", "offset": [81, 90]}, {"key": "fails-to-pay", "type": "clause", "offset": [122, 134]}, {"key": "the-interests", "type": "clause", "offset": [135, 148]}, {"key": "the-principal", "type": "definition", "offset": [153, 166]}, {"key": "in-this-contract", "type": "clause", "offset": [181, 197]}, {"key": "for-the-purposes", "type": "clause", "offset": [237, 253]}, {"key": "as-specified", "type": "clause", "offset": [254, 266]}, {"key": "loan-capital", "type": "definition", "offset": [282, 294]}, {"key": "as-agreed", "type": "clause", "offset": [318, 327]}, {"key": "financial-indicators", "type": "definition", "offset": [350, 370]}, {"key": "credit-approval", "type": "clause", "offset": [400, 415]}, {"key": "in-case-of", "type": "clause", "offset": [421, 431]}, {"key": "cross-default", "type": "definition", "offset": [438, 451]}, {"key": "lending-bank", "type": "definition", "offset": [493, 505]}, {"key": "balance-sheet", "type": "definition", "offset": [513, 526]}, {"key": "statement-of", "type": "clause", "offset": [528, 540]}, {"key": "profits-or-losses", "type": "definition", "offset": [541, 558]}, {"key": "other-financial-reports", "type": "definition", "offset": [562, 585]}, {"key": "use-of-the-loan", "type": "clause", "offset": [694, 709]}, {"key": "by-the-borrower", "type": "clause", "offset": [814, 829]}, {"key": "under-this-contract", "type": "clause", "offset": [843, 862]}, {"key": "security-contract", "type": "definition", "offset": [925, 942]}, {"key": "the-guarantor", "type": "clause", "offset": [1007, 1020]}, {"key": "other-contracts", "type": "definition", "offset": [1030, 1045]}, {"key": "a-party", "type": "clause", "offset": [1058, 1065]}, {"key": "the-business", "type": "clause", "offset": [1070, 1082]}, {"key": "status-of-the-borrower", "type": "clause", "offset": [1097, 1119]}, {"key": "the-collateral", "type": "definition", "offset": [1160, 1174]}, {"key": "pledge-rights", "type": "definition", "offset": [1183, 1196]}, {"key": "related-to", "type": "definition", "offset": [1197, 1207]}, {"key": "reorganization-plan", "type": "clause", "offset": [1328, 1347]}, {"key": "satisfying-the", "type": "clause", "offset": [1348, 1362]}, {"key": "shut-down", "type": "definition", "offset": [1522, 1531]}, {"key": "written-off", "type": "definition", "offset": [1577, 1588]}, {"key": "bank-of", "type": "clause", "offset": [1635, 1642]}, {"key": "major-alterations", "type": "clause", "offset": [1662, 1679]}, {"key": "the-articles-of-association", "type": "definition", "offset": [1683, 1710]}, {"key": "material-changes", "type": "definition", "offset": [1719, 1735]}, {"key": "business-activities", "type": "clause", "offset": [1743, 1762]}, {"key": "modification-to", "type": "clause", "offset": [1774, 1789]}, {"key": "accounting-principals", "type": "definition", "offset": [1794, 1815]}, {"key": "the-financial", "type": "clause", "offset": [1842, 1855]}, {"key": "other-aspects", "type": "clause", "offset": [1870, 1883]}, {"key": "parent-company", "type": "definition", "offset": [1905, 1919]}, {"key": "administrative-procedures", "type": "definition", "offset": [1981, 2006]}, {"key": "adverse-impact", "type": "definition", "offset": [2029, 2043]}, {"key": "pursuant-to", "type": "clause", "offset": [2145, 2156]}], "snippet": "Article 45 Any of the following events shall be deemed to constitute the default events of this contract:\n1. The Borrower fails to pay the interests and the principal as stipulated in this contract;\n2. The Borrower fails to use the loan for the purposes as specified herein;\n3. The loan capital is not paid in the way as agreed;\n4. Beyond the agreed financial indicators (as per the requirements for credit approval);\n5. In case of major cross default events.\n6. The Borrower has provided the Lending Bank with a Balance Sheet, Statement of Profits or Losses or other financial reports that are false or conceal significant truths, or refuses to accept the supervision and examination over its use of the loan, production and operations and financial activities;\n7. The representation, warranty or commitment made by the Borrower or Guarantor under this contract or the representation, warranty or commitment made under some security contract have been justified as unreal or misleading;\n8. The Borrower or the Guarantor breaches other contracts where it is a party.\n9. The business and financial status of the Borrower or Guarantor seriously deteriorate;\n10. The collateral, pledge/pledge rights related to the loan hereunder is devaluated, destroyed or lost;\n11. The Borrower fails to make repayment arrangements or liability reorganization plan satisfying the Lending Bank when the Borrower or Guarantor is merged or split or undergoing a shareholding reform;\n12. The Borrower or Guarantor becomes bankrupt, dissolved, shut down or have its licenses repealed, suspended and written off.\n13. The Borrower fails to inform the Lending Bank of the following:\n(1) Major alterations to the articles of association and any material changes to its business activities;\n(2) Major modification to the accounting principals;\n(3) Any major changes to the financial, economic and other aspects of its affiliates or parent company;\n14. The Borrower is involved in any lawsuit, arbitration or administrative procedures that may have serious adverse impact on the financial status of the Borrower or the ability of the Borrower in performing its obligations pursuant to this contract.", "size": 8, "hash": "84273d3a3c9283ec4550d74f67232f79", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdkZWZhdWx0LWV2ZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Default Events", "children": [["default-events", "Default Events"], ["substantial-failure-to-perform", "Substantial Failure to Perform"], ["repeated-failure-or-inability-to-perform", "Repeated Failure or Inability to Perform"], ["breach", "Breach"], ["insolvency-inability-to-pay-debts-bankruptcy", "Insolvency, Inability to Pay Debts, Bankruptcy"]], "parents": [["default", "Default"], ["set-off", "Set-off"], ["termination", "Termination"], ["exclusion-of-other-warranties", "Exclusion of Other Warranties"], ["the-iesos-representations-and-warranties", "The IESO\u2019s Representations and Warranties"]], "size": 349, "id": "default-events", "related": [["events-of-default-etc", "Events of Default, Etc", "Events of Default, Etc"], ["additional-events-of-default", "Additional Events of Default", "Additional Events of Default"], ["liquidity-events-of-default", "Liquidity Events of Default", "Liquidity Events of Default"], ["additional-event-of-default", "Additional Event of Default", "Additional Event of Default"], ["payments-after-event-of-default", "Payments After Event of Default", "Payments After Event of Default"]], "related_snippets": [], "updated": "2025-07-25T05:44:14+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Default Events clause defines the specific circumstances or actions that constitute a breach or default under an agreement. Typically, it lists events such as failure to make payments, insolvency, or violation of key obligations, and may outline the process for notifying the defaulting party. This clause is essential for providing clarity on what triggers remedies or enforcement actions, thereby protecting parties by setting clear expectations and procedures in the event of non-compliance."}, "json": true, "cursor": ""}}