Occurrence of an Event of Default. 19.1.1. If an Event of Default occurs in relation to a Party, the Non-defaulting Party may, without prejudice to its other rights and remedies as provided for in this Agreement or at law or in equity, serve the Defaulting Party with a notice specifying the Event of Default that has occurred and the applicable Cure Period (“Default Notice”).
Occurrence of an Event of Default. In case an Event of Default has occurred, or, in the event remedial periods are provided herein, is continuing after such remedial periods has elapsed, the Subscriber may notify such Event of Default to the Issuer and at its discretion, decide that all moneys outstanding under the Bonds shall become immediately repayable and all interest accrued but unpaid shall become immediately payable, together with any other sums then owed by the Issuer under any Issue Documents, subject to Subscriber (or in case of a “masse”, the Subscribers representative) giving written notice to the Issuer to that effect no sooner than five (5) Business Days from notification of the Event of Default, provided, where such Event of Default may be remedied, that has not been remedied to the reasonable satisfaction of the Subscriber.
Occurrence of an Event of Default. (a) In the occurrence of an Event of Default, the Bank will send a communication to the Constituent, to the Depositary and the Company informing them of the occurrence of the Event of Default and, for the entire period in which the Event of Default persists pursuant to the Financing Contract and in any case until such time as the Bank communicates in writing to the Constituent, to the Depositary and to the Company that the Event of Default has ceased, was waived or remedied, the Bank:
Occurrence of an Event of Default. Upon the occurrence and during the continuance of an Event of Default, all rights of Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to Section 5.1(i) and to receive the dividends and interest payments which it would otherwise be authorized to receive and retain pursuant to Section 5.1(ii) shall cease, at Collateral Agent’s election, and all such rights shall thereupon become vested in Collateral Agent, or such nominee(s) of Collateral Agent as Collateral Agent shall direct, who shall thereupon have the sole right (but not the obligation) to exercise such voting and other consensual rights and to receive and hold as Pledged Collateral such dividends and interest payments.
Occurrence of an Event of Default. The Original Borrower agrees to indemnify each Finance Party on demand against any reasonable loss, expense, including legal fees and any applicable VAT, which any of them may reasonably sustain or incur as a result of the occurrence of an Event of Default or any other breach of the obligations of any Obligor expressed to be assumed by it under any Finance Document.