Final Schedule Deadline; Events of Default; Additional Provisions Sample Clauses

Final Schedule Deadline; Events of Default; Additional Provisions. Company and Regions shall execute Final Schedule(s) once: (1) Company has inspected the Equipment and confirmed in a writing acceptable to Regions that all such Equipment is in the condition required by the Purchase Agreements and is otherwise in good order and condition, and conforms to the specifications, requirements and standards applicable thereto and is satisfactory to Company (“Acceptable Condition”); and (2) all other conditions precedent to the execution of any Agreement under the Master Agreement are satisfied in full, including Regions’ receipt of evidence satisfactory to it that title to such Equipment has been conveyed to Regions free and clear of all Liens. If all Equipment purchased hereunder is not leased pursuant to all Final Schedule(s) by the Final Schedule Deadline for any reason whatsoever, including the failure of the Vendor or any other party to deliver Equipment in Acceptable Condition or Company’s failure to satisfy any condition precedent in the Final Schedule, Company shall, upon demand by Regions, forthwith pay Regions an amount equal to the Payoff Amount specified in Section G above. If Company fails to pay the Payoff Amount to Regions or if any other Event of Default occurs Regions shall be entitled to all rights and remedies set forth in the Master Agreement, including the right to accelerate Company’s obligations and recover from Company an amount equal to the Required Default Amount set forth in Section X of the Master Agreement, in which case the “Base Default Amount” shall be equal to the Payoff Amount. Company expressly acknowledges that the Required Default Amount as it includes the Base Default Amount sets forth a reasonable amount and reasonable formula for calculation of Regions’ damages in light of the anticipated harm caused by any default by Company hereunder and that such amounts are difficult or impossible to calculate or ascertain. Unless the Equipment threatens to decline speedily in value or is a type customarily sold on a recognized market. Regions will give Company reasonable notice of the time after which any private or public sale or any other intended disposition of the Equipment is to be made and Company expressly agrees that the requirements of reasonable notice shall be met if such notice is given at least ten (10) days before the time of the public sale or the time after which any other disposition is to be made. In addition to other rights and remedies under the Master Agreement, Regions may accept ...
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Related to Final Schedule Deadline; Events of Default; Additional Provisions

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

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

  • Failure to Elect; Events of Default If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, (i) if such Borrowing is denominated in Dollars, at the end of such Interest Period such Borrowing shall be converted to a Syndicated Eurocurrency Borrowing of the same Class having an Interest Period of one month, and (ii) if such Borrowing is denominated in a Foreign Currency, the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, (i) any Eurocurrency Borrowing denominated in Dollars shall, at the end of the applicable Interest Period for such Eurocurrency Borrowing, be automatically converted to an ABR Borrowing and (ii) any Eurocurrency Borrowing denominated in a Foreign Currency shall not have an Interest Period of more than one month’s duration.

  • Notice of Events of Default or Unmatured Events of Default A statement of a Financial Officer of the Servicer setting forth details of any Event of Default or Unmatured Event of Default that has occurred and is continuing and the action which the Servicer proposes to take with respect thereto.

  • 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.

  • Notice of Events of Default and Servicer Replacement Event The Owner Trustee shall promptly upon receipt of a list of Certificateholders from the Certificate Registrar give notice to each Certificateholder of any (a) Default or Event of Default of which a Responsible Officer of the Owner Trustee has been provided written notice pursuant to Section 6.5 of the Indenture and (b) Servicer Replacement Event of which a Responsible Officer of the Owner Trustee has been provided written notice pursuant to Section 7.1 of the Sale and Servicing Agreement. The Owner Trustee shall have no duty to investigate, verify or take any action to determine whether any Default, Event of Default or Servicer Replacement Event has in fact occurred and shall have no duty to make any determination as to the materiality of any fact, matter or event, or to make any demand or claim for repurchase of Receivables. The Owner Trustee shall have no duty to enforce remedies for breaches of representations and warranties under any Transaction Document.

  • Lease Events of Default The following events shall constitute Lease Events of Default hereunder (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and each such Lease Event of Default shall be deemed to exist and continue so long as, but only as long as, it shall not have been remedied:

  • 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.

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