FOLLOWING EVENT OF DEFAULT Sample Clauses

FOLLOWING EVENT OF DEFAULT. (a) At any time when an Event of Default in respect of the Class A Offered Notes is subsisting, or at any time after Definitive Notes have not been issued when so required in accordance with the Conditions, the Note Trustee may:
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FOLLOWING EVENT OF DEFAULT. At any time after an Event of Default in respect of the Class A Notes or the Class B Notes (as the case may be) has occurred, or at any time after Definitive Notes have not been issued when so required in accordance with the Conditions, the Note Trustee may:
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FOLLOWING EVENT OF DEFAULT. Without prejudice to the provisions of the Management Account Charge and the Reserve Account Charge, upon the occurrence of an Event of Default and whilst the same is continuing the Facility Agent shall forthwith be and become entitled then or at any time thereafter to apply all moneys standing to the credit of, or from time to time credited to, the Management Account and the Reserve Account in or towards payment of amounts due to the Agents and the Lenders under this Agreement and/or the other Security Documents.
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FOLLOWING EVENT OF DEFAULT. At any time after an Event of Default in respect of the Offshore Notes has occurred, or at any time after Definitive Notes have not been issued when so required in accordance with the relevant Conditions, the Note Trustee may:
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FOLLOWING EVENT OF DEFAULT. If any Event of Default shall occur and be continuing, then, and in any such event, Mortgagee may, forthwith upon notice to Mortgagor (it being understood and agreed that such provision of notice to Mortgagor shall not be deemed to limit or otherwise restrict Mortgagee's rights and remedies hereunder or under any other Operative Document or agreement): (a) apply to a court of competent jurisdiction to obtain specific performance or observance by Mortgagor of any covenant, agreement or undertaking on the part of Mortgagor hereunder that Mortgagor shall have failed to observe or perform or to obtain aid in the execution of any power granted herein; and/or (b) proceed to foreclose against the Collateral or any part thereof pursuant to this Agreement, and according to the applicable Law of the jurisdiction or jurisdictions in which such Collateral or part thereof shall at the time be located, by doing any one or more or all of the acts described in Sections 2.1 or 4.2 and/or the following acts, as Mortgagee, in its sole and complete discretion (acting in good faith), may then elect to:
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FOLLOWING EVENT OF DEFAULT. If any Event of Default shall occur and be continuing, then, and in any such event, the Mortgagee may, subject to Sections [ ] of the Loan Agreement, Section 1.07 hereof and the last paragraph of this Section 2.01, forthwith upon notice to the Mortgagor (it being understood and agreed that such provision of notice to the Mortgagor shall not be deemed to limit or otherwise restrict the Mortgagee's rights and remedies hereunder or under any other agreement):
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Related to FOLLOWING EVENT OF DEFAULT

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Event of Default Any of the following shall constitute an "Event of Default":

  • Actions following an Event of Default On, or at any time after, the occurrence of an Event of Default:

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Default or Event of Default No Default or Event of Default hereunder has occurred or is continuing or will occur as a result of the giving effect hereto.

  • Event of Default Defined The occurrence of any one or more of the following shall constitute an Event of Default under this Agreement, and any Event of Default which may occur hereunder shall constitute an Event of Default under each of the other Loan Documents:

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

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