Events of Default Sample Clauses

Events of Default. “Event of Default,” wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default”:

Events of Default. Any one of the following shall constitute an event of default (an “Event of Default”) under this Agreement:

Events of Default. Upon the occurrence of any of the following specified events (each an “Event of Default”):

Events of Default. Any one or more of the following events shall constitute an Event of Default by Borrower under this Agreement:

Events of Default. Each of the following shall constitute an Event of Default, whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of Applicable Law or pursuant to any judgment or order of any Governmental Authority:

Events of Default. The occurrence of one or more of the following events shall constitute an "Event of Default":

Events of Default. If any of the following events ("Events of Default") shall occur and be continuing: (a) although there are sufficient funds available pursuant to, and in accordance with, clause 21 (Order of Priority) of the Trust Agreement, the Issuer fails to pay, within five (5) Business Days from the date such payment becomes due and payable, any principal of the Subordinated Loan or any interest accrued thereon in accordance with the terms hereof and the Order of Priority; or (b) any representation or warranty by the Issuer herein proves to have been incorrect in any material respect when made or deemed made and such misrepresentation has a material adverse effect on the ability of the Issuer to perform its payment obligations hereunder; or (c) the Issuer fails to perform or observe: (i) any term, representation, warranty or agreement contained in clause 4.2 hereof; or (ii) any other term, representation or warranty or agreement to be performed or observed by the Issuer under this Agreement, if the failure to perform or observe such other term, representation or warranty or agreement remains unremedied for thirty (30) days after written notice thereof having been given to the Issuer by the Subordinated Lender; or (d) an Insolvency Event with respect to the Issuer occurs; or (e) the Trust Agreement or any other Security Document (or any security interest purported to be created thereunder) ceases, for any reason, to be in full force and effect or is declared to be null and void, or the validity or enforceability thereof is contested by the Issuer or the Issuer denies that it has any or further liability or obligation thereunder (or with respect thereto); then, and in any such event, subject to clause 12 (Subordination) of this Agreement, the Subordinated Lender may, by notice to the Issuer and the Rating Agencies, declare that the principal amount of the Subordinated Loan, together with interest accrued in respect thereof or any other amount then outstanding shall be due and payable, whereupon the Issuer shall pay such interests, principal and/or such other amount to the Subordinated Lender, in accordance with clause 21 (Order of Priority) of the Trust Agreement provided however, that such payments by the Issuer to the Subordinated Lender shall be subordinated (nachrangig) and deferred (gestundet) until such time when all Noteholders have received full and final payment in respect of the Notes. The parties hereto agree that an Event of Default pursuant to this clause 1...

Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default”: (a) the failure of Borrower to pay any part of the principal of, or interest on, the Note when due, whether at maturity, by acceleration or otherwise; (b) there shall have occurred any breach of any covenant, or there is any other default under the Loan Documents, and such breach or default shall continue for more than fifteen (15) days after Lender has provided notice thereof to Borrower; (c) any representation or warranty made by Borrower herein or in any Loan Document shall prove to have been inaccurate in any material respect when made; (d) there shall have occurred any event of default (after giving effect to any permitted cure periods) which has not been waived in writing under any agreements evidencing Borrower's other debt obligations, and same has caused such debt obligation to be accelerated; (e) any judgment shall be obtained against Borrower; or (f) Borrower shall: (i) make a general assignment for the benefit of a creditor; (ii) apply for, or consent to, the appointment of a receiver, trustee or liquidator for all or a substantial part of its assets; (iii) be adjudicated a bankrupt or insolvent; (iv) file a voluntary petition in bankruptcy, or file a petition or an answer seeking reorganization or an arrangement with creditors, or seeking to take advantage of any other law (whether federal or state) relating to the relief of debtors, or admit (by answer, by default or otherwise) the material allegations of a petition filed against it in any bankruptcy, reorganization, insolvency, or other proceeding (whether federal or state) relating to relief of debtors; or (v) suffer or permit to continue unstayed and in effect for sixty (60) consecutive days any judgment, decree or order entered by a court of competent jurisdiction which approves an involuntary petition seeking reorganization or appoints, pursuant to such a petition, a receiver, trustee or liquidator for all or a substantial part of its assets.