EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 6.1 It is an "Event of Default" under this agreement if: (a) your business ceases or a meeting of your creditors is called; (b) any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceeding is commenced by or against you under any federal or state law; (c) you breach any representation, warranty or covenant contained in this agreement; (d) you fail to pay any Obligation when due; or (e) the occurrence of an Event of Default (as defined therein) under the Agreement.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. If any “Event of Default” under the Loan Agreement (hereinafter defined) occurs (provided that Maker and Payee may enter or have entered into a loan agreement with respect to the indebtedness evidenced hereby) or if any amount due under this Note is not paid when due, or if any check tendered for any such amount is not honored and paid immediately upon presentation to the bank on which it is drawn, or if Maker fails to purchase all of its pharmaceutical (“Rx Products”) requirements from Payee, provided such Rx Products are carried by Payee, or if Maker fails fully and timely to perform or pay any other obligations under this or any other agreement or arrangement with Payee (or any other subsidiary or affiliate of Payee’s parent corporation, Cardinal Health, Inc.), including, without limitation, the breach of any term, condition, warranty or covenant under any sales, purchase or security agreement or the termination or non-renewal by Maker of any sales or purchase agreement with Payee, or if Maker becomes insolvent, commences or has commenced against it any bankruptcy or insolvency proceeding, or if any guarantor of the obligation hereby evidenced shall die or if the holder of this Note in good xxxxx xxxxx itself insecure with respect to any amount owed to it from Maker under this Note or otherwise, then all payments thereafter due under this Note shall become immediately due and payable at the option of the holder of this Note, without further demand or notice, and interest thereafter shall accrue upon the entire outstanding balance of this Note at the rate set forth in paragraph number 4 of this Note until this Note is paid in full. Upon this Note becoming due and payable, Xxxxx shall be entitled to exercise all rights and remedies provided for by law. Any failure of the holder of this Note to exercise the above- described option with respect to any such nonpayment or default shall not waive or otherwise affect the holder’s rights to exercise that option with respect to that or any subsequent nonpayment or default.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 16.1 An "Event of Default" shall be deemed to have occurred under this Agreement upon: (a) the cessation of your business or the calling of a meeting of your creditors; (b) your failure to meet your debts as they mature; (c) the commencement by or against you of any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceedings under any federal or state law; (d) breach by you of any representation, warranty or covenant contained herein; or (e) your failure to pay any Obligation when due.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 6.1 It is an "Event of Default" under this agreement if: (a) you breach any representation, warranty or covenant contained in this agreement; (b) you fail to pay any Obligation when due; or (c) an Event of Default (as defined therein) occurs under the Financing Agreement.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 17.1. It is an “Event of Default” under this Agreement if: (a) your business ceases or a meeting of your creditors is called; (b) any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceeding is commenced by or against you under any federal or state law; (c) you breach any representation, warranty or covenant contained in this Agreement; (d) you fail to pay any Obligation when due, or (e) any default shall have occurred under any other agreement or arrangement between us which remains uncured for seven (7) days.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 17.1. It is an “Event of Default” under this Agreement if: (a) any of your respective businesses cease or a meeting of your respective creditors is called; (b) any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceeding is commenced by or against any of you under any federal or state law; (c) any of you breach any representation, warranty or covenant contained in this Agreement; (d) any of you fail to pay any Obligation when due; (e) any default shall have occurred under any other agreement or arrangement now or hereafter between us and any of you; (f) the Purchase Agreement is terminated; (g) we are given notice that we are no longer providing the receivables management accommodations or (h) any default shall have occurred under the Affiliates Agreement.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 17.1 It is an “Event of Default” under this Agreement if: (a) your business ceases or a meeting of your creditors is called for the adjustment of your debt or other debtor relief arrangement; (b) any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceeding is commenced by or against you under any federal or state law and, in the case of an involuntary proceeding, has not been dismissed or stayed within sixty (60) days; (c) you breach any representation, warranty or covenant contained in Section 4.1 and 4.4 of this Agreement; (d) you breach any representation, warranty or covenant contained in this Agreement (other than Section 4.1 and 4.4 thereof) or in any other agreement between us which, if such breach can be cured, is not cured within ten (10) days of (i) the date we give you notice of such failure or (ii) the date you knew about such breach; (e) you fail to pay any Obligation when due; or (f) any default shall have occurred under any other agreement or arrangement between us.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 6.1 It is an “Event of Default” under this agreement if an Event of Default occurs under the Agreement.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. 15.1 An "Event of Default" shall be deemed to have occurred under this Agreement upon: (a) the cessation of your business or the calling of a meeting of your creditors; (b) your failure to meet your debts as they mature; (c) the commencement by or against you of any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceedings under any federal or state law; (d) breach by you of any representation, warranty or covenant contained herein or in any other agreement between us; (e) your failure to pay any Obligation within five (5) days of the due date thereof or (0 the occurrence of an Event of Default under or termination of our Factoring Agreement with Bright Star.
EVENTS OF DEFAULT AND REMEDIES UPON DEFAULT. The occurrence of any of the following shall constitute an “Event of Default”:
