Events of Failure Sample Clauses

Events of Failure. The occurrence of each of the following shall be considered to be an “Event of Failure.”
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Events of Failure. If the required flow metering or sampling equipment fails, the City shall estimate the wastewater volume and pollutant loadings for the period of equipment failure using the most comparable recent historical data. Said estimates shall continue until such time as the equipment is repaired or replacement equipment is installed as required by this Agreement.
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Events of Failure. 75 Article X The Guarantee........................................................................ 75 Section 10.1 The Guarantee............................................................ 75 Section 10.2
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Events of Failure. If Terra Industries or any of its ----------------- Subsidiaries (a) receives Net Cash Proceeds in excess of $5,000,000 as a result of (i) an Asset Sale, (ii) a Debt Issuance, or (iii) an insured loss or casualty event, other than proceeds in respect of business interruption, and (b) (x) fails, within five Business Days thereof, to cause 100% of such Net Cash Proceeds arising therefrom to be applied in accordance with Section 2.9 of the Revolving and Term Credit Agreement or (y) following application of such Net Cash Proceeds in accordance with Section 2.9 of the Revolving and Term Credit Agreement, there is a portion of such Net Cash Proceeds remaining, then such circumstances will constitute an event of failure under this Agreement (each an "Event of Failure"); provided, however, that in the case of clause (b)(y), if the Borrower applies such remaining portion in full in prepayment of the Advances under Section 2.4 of this Agreement, the Event of Failure shall be cured.
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Events of Failure 
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Related to Events of Failure

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • Events of Defaults If one or more of the following events ("Events of Default") shall have occurred and be continuing:

  • Listing of Events of Default Each of the following events or occurrences described in this Section 8.1 shall constitute an "Event of Default".

  • No Events of Default No Event of Default has occurred and is continuing nor has any event occurred which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.

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

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • Waiver of Servicer Events of Default The Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Servicer Event of Default hereunder may waive such default or Servicer Event of Default; provided, however, that a default or Servicer Event of Default under clause (i) or (vii) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Servicer Event of Default, such default or Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Events of Default by Seller In addition to the Events of Default described in Section 9.1, each of the following shall constitute an Event of Default by Seller hereunder:

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