Events of Default pursuant to the Reimbursement, Security and Guaranty Agreement Sample Clauses

Events of Default pursuant to the Reimbursement, Security and Guaranty Agreement. Any term of this Agreement to the contrary notwithstanding, upon the Custodian’s receipt from the Collateral Agent, the Advance Lender or the Purchase Money Notes Guarantor of written notice at its Office that, or information leading it to conclude that, an Event of Default pursuant to the Reimbursement, Security and Guaranty Agreement (and as defined therein) has occurred and is continuing, the Custodian promptly shall notify the Collateral Agent in writing and seek instructions from (and take instructions only from) the Collateral Agent as to any action to be taken by the Custodian pursuant to this Agreement.
Sample 1
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Events of Default pursuant to the Reimbursement, Security and Guaranty Agreement. Any term of this Agreement to the contrary notwithstanding, (i) upon the Custodian's receipt from the P:MN Agent or any Purchase Money Notes Guarantor of written notice at its Office that an Event of Default (as defined in the Reimbursement, Security and Guaranty Agreement) has occurred and is continuing, the Custodian shall take instructions only from the P:MN Agent, and (ii) to the extent that the Custodian has actual knowledge that an Event of Default (as defined in the Reimbursement, Security and Guaranty Agreement) has occuncd and is continuing, the Custodian promptly shall notify the P:MN Agent in writing and seek instructions from (and take instructions only from) the P:MN Agent, in each case as to any action to be taken by the Custodian pursuant to this Agreement.
Sample 1

Related to Events of Default pursuant to the Reimbursement, Security and Guaranty Agreement

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Additions to Existing Obligations Notwithstanding anything in this Agreement to the contrary, if, as a result of any legislative, judicial, regulatory or other governmental decision, order, determination or action, or any change in Applicable Law subsequent to the Effective Date, CenturyLink is required by such change in Applicable Law to provide a service not already provided to CLEC under the terms of this Agreement, the Parties agree to add or modify, in writing, the affected term(s) and condition(s) of this Agreement to the extent necessary to bring them into compliance with such change in Applicable Law. The Parties shall initiate negotiations to add or modify such terms upon the written request of a Party. If the Parties cannot agree to additional or modified terms to amend the Agreement, the Parties shall submit the dispute to dispute resolution pursuant to the procedures set forth in this Agreement.

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Events of Default and Remedies Section 8.01

  • Guaranty Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as primary obligor and as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Secured Obligations (for each Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that (a) the Guaranteed Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor and (b) the liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness, obligations, and liabilities, or portion thereof, which may be or hereafter become unenforceable or compromised or shall be an allowed or disallowed claim under any proceeding or case commenced by or against any debtor under any Debtor Relief Laws. The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of them, under this Guaranty, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

  • Amendments to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Termination and Default Either party, upon determination that the other party has failed or refused to perform or is otherwise in breach of any obligation or provision under this Agreement or the Contract Document, may give written notice of default to the defaulting party in the manner specified for the giving of notices herein. Termination of this Agreement by either party for any reason shall have no effect upon the rights or duties accruing to the parties prior to termination.

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