Definition of Event of Default. The Loan, costs and any other money owing to the Lender under this Agreement will immediately become payable upon demand by the Lender or, unless otherwise waived in writing by the Lender, in any of the following events:
Definition of Event of Default. Notwithstanding any other term of this Agreement, the principal balance of the Loan, interest, costs and any other money owing to the Lender under this Agreement and the Lender's Security will immediately become payable unless otherwise waived in writing by the Lender in any of the following events (each an "Event of Default"):
Definition of Event of Default. Each of the following shall be deemed an event of default: (i) Tenant's failure to make payment of rent or other charges as provided in this Lease; (ii) Tenant's failure to perform any of the covenants, terms, conditions, or provisions of this Lease; (iii) If a petition is filed by or against Tenant for relief under the bankruptcy laws, or Tenant shall make an assignment for the benefit of creditors, or if a receiver of any property of the Tenant be appointed in any action, suit, or proceeding by or against Tenant, or if Tenant shall admit that it is insolvent, or it is generally not paying its debts as such debts become due, or if the interest of Tenant in the premises shall be sold under execution or other legal process, or if Tenant shall abandon the premises; (iv) Tenant vacates or abandons the premises; (v) This Lease or the Premises or any part of the Premises are taken upon execution or by other process of law directed against Tenant, or are taken upon or subject to any attachment at the instance of any creditor or claimant against Tenant, and the attachment is not discharged or disposed of within Fifteen (15) days after its levy; (vi) Tenant is dissolved; (vii) Tenant fails to take possession of the Premises on the Commencement Date as required hereunder. Notwithstanding anything herein to the contrary, Tenant shall not be entitled to more than One (1) notice for monetary defaults during any Twelve (12) month period, and if after such notice any rent is not paid when due, an event of default will be considered to have occurred without further notice. Upon the occurrence of an event of default, Landlord shall have the right to terminate the Lease and shall be entitled to possession of the Premises. Landlord may make its election to terminate known to Tenant by delivery of a notice of termination. Such termination shall be immediately effective and Landlord shall be entitled to forthwith commence an action in summary proceedings to recover possession of the Premises, but such termination shall not terminate Tenant's liabilities hereunder. Tenant waives all notice in connection with such termination, including by way of illustration, but not limitation, notice of intent to terminate, demand for possession or payment, and notice of re-entry. No receipt of money by the Landlord from the Tenant after the termination of this Lease shall reinstate, continue, or extend the term, nor affect or waive any notice given by the Landlord to the Tenant prior to suc...
Definition of Event of Default. The term "Event of Default" shall mean and refer to the occurrence of any one or more of the circumstances.
Definition of Event of Default. Each of the following events and conditions is hereby defined to be an “Event of Default” for purposes of this Note: (i) the insolvency of the Borrower; (ii) the commission of any act of bankruptcy by the Borrower; (iii) the execution by the Borrower of a general assignment for the benefit of creditors; (iv) the filing by or against the Borrower of a petition in bankruptcy or any petition for relief under the federal bankruptcy act or the continuation of such petition without dismissal for a period of ninety (90) days or more; (v) the appointment of a receiver or trustee to take possession of the property or assets of the Borrower; or (vi) if the Borrower materially fails to perform any term, covenant or agreement contained in the Note or the Note Purchase Agreement, and does not cure such material breach within thirty (30) days of written receipt of notice from the Lender describing such material breach, or does not cure such material breach within any further extended cure period approved by the Lender after the Borrower has made a good faith effort to cure such material breach and requested an extension of the original thirty (30)-day cure period for such material breach that was approved by the Lender. Notwithstanding the foregoing, with respect to a payment default, it shall be an “Event of Default” if the Borrower fails to cure such payment default within seven (7) Business Days of written receipt of notice from the Lender describing such breach.
Definition of Event of Default. A. Upon the occurrence of any Default by either party hereto (hereinafter referred to as the "defaulting party") under Section 16.01A, B, and C, such Default shall immediately and automatically, without the necessity of any notice to the defaulting party, be deemed an "Event of Default" under this Agreement.
Definition of Event of Default. The principal balance of the Loan, interest thereon, costs and any other money owing to the Lender under this Agreement shall immediately become payable and the Bonus Shares shall be issued, when due and payable or, unless otherwise waived in writing by the Lender, in any of the following events: