Common use of Events Constituting Default Clause in Contracts

Events Constituting Default. In its sole discretion, the Commission may deem Recipient to be in default if any of the following events occur: (a) Recipient becomes insolvent; (b) A petition in bankruptcy is filed by or against Recipient; (c) An assignment for the benefit of Recipient's creditors is made; (d) Recipient is found by the Commission to be permanently disabled; (e) Recipient fails to practice nursing full-time at Health Institution or fails to perform any other obligation, promise or undertaking required by this Contract; (f) Recipient breaches any term, provision or warranty contained in this Contract; (g) Recipient ceases to pursue a full-time course of study leading to a nursing degree at an approved and accredited nursing school in the State of Oklahoma; (h) Recipient fails to pass any one of the first two successive licensure examinations offered following completion of course work; (i) The occurrence of any event which, in the Commission's opinion, jeopardizes or impairs Commission's rights under this Contract.

Events Constituting Default. In its sole discretion, the Commission may deem Recipient to be in default if any of the following events occur: (a) Recipient becomes insolvent; (b) A petition in bankruptcy is filed by or against Recipient; (c) An assignment for the benefit of Recipient's creditors is made; (d) Recipient is found by the Commission to be permanently disabled; (e) Recipient fails to practice nursing full-time at Health Institution or fails to perform any other obligation, promise or undertaking required by this Contract; (f) Recipient breaches any term, provision or warranty contained in this Contract; (g) Recipient ceases to pursue a full-time course of study leading to a nursing degree at an approved and accredited nursing school in the State of OklahomaUnited States; (h) Recipient fails to pass any one of the first two successive licensure examinations offered following completion of course work; (i) The occurrence of any event which, in the Commission's opinion, jeopardizes or impairs Commission's rights under this Contract.

Events Constituting Default. In its sole discretion, the Commission may deem Recipient to be in default if any of the following events occur: (a) Recipient becomes insolvent; (b) A petition in bankruptcy is filed by or against Recipient; (c) An assignment for the benefit of Recipient's creditors is made; (d) Recipient is found by the Commission to be permanently disabled;; SAMPLE (e) Recipient fails to practice nursing full-time at Health Institution or fails to perform any other obligation, promise or undertaking required by this Contract; (f) Recipient breaches any term, provision or warranty contained in this Contract; (g) Recipient ceases to pursue a full-time course of study leading to a nursing degree at an approved and accredited nursing school in the State of Oklahoma; (h) Recipient fails to pass any one of the first two successive licensure examinations offered following completion of course work; (i) The occurrence of any event which, in the Commission's opinion, jeopardizes or impairs Commission's rights under this Contract.