Events of Clause Samples
The "Events of" clause defines specific occurrences or conditions that trigger certain rights or obligations under a contract. Typically, this clause lists events such as breaches of contract, insolvency, or failure to perform key duties, and outlines the consequences that follow if any of these events occur. Its core practical function is to provide clarity and predictability by specifying what constitutes a significant event and what actions the parties may take in response, thereby helping to manage risk and ensure orderly resolution of issues.
Events of. DEFAULT If any of the following events ("Events of Default") shall occur: (a) the Company shall fail to pay any amount owing by it in respect of the Secured Obligations (whether for principal, interest, fees or other amounts) when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise and solely in the case of amounts other than principal and interest, such failure continues for a period of two (2) Business Days following the earlier of (x) the Company or the Servicer becoming aware of such failure and (y) receipt of written notice by the Company or the Servicer of such failure; (b) any representation or warranty made or deemed made by or on behalf of any Loan Party, the Servicer or the Seller (collectively, the "Credit Risk Parties") herein or in any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, or other document (other than projections, forward-looking information, general economic data or industry information) furnished pursuant hereto or in connection herewith or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made (it being understood that the failure of a Portfolio Investment to satisfy the Eligibility Criteria after the date of its purchase shall not constitute a failure) and, other than in the case of any representation or warranty set forth in clauses (a), (b), (c), (f), (h), (j), (m), (v), (y) or (cc) of Section 6.01, if such failure is capable of being remedied, such failure shall continue for a period of 30 days following the earlier of (i) receipt by such Credit Risk Party of written notice of such inaccuracy from the Administrative Agent and (ii) an officer of such Credit Risk Party becoming aware of such inaccuracy; (c)
Events of. Default If any of the following events (“Events of Default”) occurs:
Events of. Default Each of the events or circumstances set out in this Clause 13.1 is an Event of Default.
Events of. DefaultSection 6.01.
Events of. DefaultSection 6.01. Events of DefaultSection 6.01. Events Events of DefaultSection
Events of. Default Events of Default Termination of Guarantee Substitution Taxation Substitution Redemption for Tax Taxation
Events of. DEFAULT If any of the following events (each an “Event of Default”) occur, Buyer shall have the rights set forth in Section 14, as applicable: (a)
Events of. DEFAULT If any of the following events ("Events of Default") shall occur: (a) the Company shall fail to pay any amount owing by it in respect of the Secured Obligations (whether for principal, interest, fees or other amounts) when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise and solely in the case of amounts other than principal and interest, such failure continues for a period of two (2) Business Days following the earlier of (x) the Company or the
Events of. DEFAULT Each of the Following events shall constitute an 'Event of Default,
(a) VP shall default in making any payment of principal or interest when the same shall become due under the VP Debenture or any of the Loan Documents, and which default shall continue for ten (10) days after the due date therefor.
(b) VP shall fail to comply with any term, covenant or agreement of this Agreement, which default shall continue for ten (10) days from the date of notice from Marcon.
Events of. Review Each of the events and circumstances set out below is an Event of Review: ● the Borrower moving the Project to a location different from the one set out in the Project description in item 3 (Project); ● the Project falling more than 90 days behind schedule, based on the Project Plan provided to the Ministry as a Condition Precedent; ● completion of the Acquisition being delayed beyond the Expiry Date , or the sale and purchase agreement listed in item 20 (Additional Transaction Documents) being terminated; and ● the occurrence of an Insolvency Event in respect of Brunton Engineering Limited prior to the later of Financial Close or the completion of the Acquisition.