Default Rights and Remedies Sample Clauses

Default Rights and Remedies. Upon occurrence of any Event of Default Lender may use any of the security described in Paragraphs 7.2 and 7.3 for any purpose for which Borrower could have used it under the Loan Documents or any Related Loan, including applying any funds to payment and performance of Borrower’s obligations under the Loan Documents or under any Related Loan. Lender also shall have all other rights and remedies provided by law regarding the foregoing security including but not limited to the right to foreclose Lender’s security interest in any manner authorized by law.
Default Rights and Remedies. If an Event of Default exists, the Agent shall have the following rights and remedies:
Default Rights and Remedies. 6.1 EVENT OF DEFAULT. "EVENT OF DEFAULT" means the occurrence or existence of any one or more of the following:
Default Rights and Remedies. In addition to all other rights and remedies which the Township may have at law or in equity upon the occurrence of a Default which has not been cured, the Township shall, to the fullest extent permitted by law, be entitled to the following rights and remedies:
Default Rights and Remedies. . . . . . . . . . . . . . . . . . . . 50 8.1 Event of Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 (A) Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 (B) Default in Other Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 (C) Breach of Certain Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 (D) Breach of Warranty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 (E) Other Defaults Under Loan Documents . . . . . . . . . . . . . . . . . . . . . . . . 50 (F) Involuntary Bankruptcy; Appointment of Receiver, etc. . . . . . . . . . . . . . . . 51 (G) Voluntary Bankruptcy; Appointment of Receiver, etc. . . . . . . . . . . . . . . . . 51 (H) Governmental Liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 (I) Judgment and Attachments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 (J) Dissolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 (K) Solvency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 (L) Injunction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 (M) ERISA - Pension Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 (N) ERISA - Multiemployer Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 (O) Invalidity of Loan Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 (P) Damage, Strike, Casualty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 (Q) Licenses and Permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 (R) Failure of Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 (S) Change in Control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 (T) Board Seat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 (U) Adequate Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 8.2 Acceleration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 8.3 Performance by Lender . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
Default Rights and Remedies. 8.1 Event of Default
Default Rights and Remedies. 8.1 Event of Default. "Event of Default" shall mean the occurrence or existence of any one or more of the following (for each subsection a different grace or cure period may be specified, if no grace or cure period is specified, such occurrence or existence constitutes an immediate Event of Default):
Default Rights and Remedies. Section 8.1Event of Default.
Default Rights and Remedies. Subject to clause 49, if a Trigger Event exists, ILSC may:
Default Rights and Remedies. The waivers and amendments and standstill agreement contained in Sections 1 and 2 above shall immediately expire and be of no further force or effect if at any time prior to the Deferred Interest Payment Date the Obligations (as such term is defined in the Senior Loan Agreement) under the Senior Loan Agreement become due and payable as a result of the acceleration thereof or the Senior Agent or any Senior Lender initiates the exercise of remedies under any Senior Loan Document on account of the occurrence of a default or event of default thereunder. (For purposes of the provision contained in the immediately preceding sentence, all Obligations under the Senior Loan Agreement as amended by the Senior Waiver and Amendment No. 6, shall constitute Senior Debt as such term is defined in the Credit Agreement.) The default in the performance or compliance by any Loan Party with any term contained in this Agreement shall constitute an immediate Event of Default pursuant to Section 7.1(c) of the Credit Agreement.