Event of Default Under the Indenture Sample Clauses

Event of Default Under the Indenture. The Issuer hereby instructs the Indenture Trustee to, and the Indenture Trustee hereby accepts such instruction and agrees that it shall, upon receipt of written notice of an Event of Default under the Indenture or any other Transaction Document, immediately provide Xxxxxx Xxx with notice of the occurrence of such Event of Default.
Sample 1
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Event of Default Under the Indenture. The principal due in respect of the Notes (as defined in the Indenture) is declared to be due and payable in accordance with the terms of Section 5.2 of the Indenture and the Indenture Trustee has started to sell all or part of the Indenture Trust Estate as a consequence thereof in accordance with Section 5.4 of the Indenture. If this Additional Termination Event occurs, the Trust shall be the sole Affected Party and all Transactions then outstanding between the parties shall be Affected Transactions.
Sample 1
Event of Default Under the Indenture. If, at any time prior to the Completion Deadline, there is an Event of Default under the Indenture, Trustee will direct Escrow Agent to disburse all the Escrow Funds directly to Trustee for use in accordance with the Indenture (a “Default Instruction”). Notwithstanding the foregoing provisions of this Section 5, if (i) Trustee has not received a Release Certificate and an Opinion of Counsel or (ii) Trustee has not delivered a Default Instruction, in each case at or prior to the Completion Deadline and if the provisions of Section 4 become operative, Trustee shall have, and is hereby presently granted, in addition to any other rights and remedies specified herein, all rights and remedies of a secured party under the New York UCC. The foregoing provisions of this Section 5 are between Trustee and the Company and shall in no way limit Escrow Agent’s obligation to follow entitlement orders of Trustee with respect to the Escrow Account and any security entitlements and financial assets carried therein or credited thereto, without the consent of the Company, Frontline or any other person.
Sample 1

Related to Event of Default Under the Indenture

  • Event of Default Defined The occurrence of any one or more of the following shall constitute an Event of Default under this Agreement, and any Event of Default which may occur hereunder shall constitute an Event of Default under each of the other Loan Documents:

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • Event of Default Any of the following shall constitute an "Event of Default":

  • Events of Default by Seller In addition to the Events of Default described in Section 9.1, each of the following shall constitute an Event of Default by Seller hereunder:

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • Event of Default Remedies 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • Events of Default Defined The following shall be “Events of Default” under this Agreement and the term “Event of Default” shall mean, whenever it is used in this Agreement, any one or more of the following events:

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