Provisions Relating to Events of Default Sample Clauses

Provisions Relating to Events of Default. A. Subsection 8.14 of the Credit Agreement is hereby amended by adding immediately prior to the ";" at the end thereof the following new proviso: "; provided, however, that termination by Company and its Subsidiaries of any of the Gude Project Agreements, the Penrose Project Agreements, the Xxxta Clara Project Agreemenxx xxx the Toyon Project Agreements shxxx xot constitute an Event of Default under this subsection 8.14, so long as, in each case, (i) such termination is in connection with a sale or closure of the relevant Project that is not prohibited under this Agreement, (ii) such termination occurs on or prior to March 31, 2005, (iii) on or prior to the date of such terminxxxxx, Xxxxxxxxxxxxxx Agent shall have received an Officer's Certificate in form and substance satisfactory to Administrative Agent from Company and its Subsidiaries acknowledging that such termination will not give rise to any obligations (or accelerate or cause to mature any existing payment obligations) on the part of any Borrower under any guaranty or otherwise, (iv) such termination is pursuant to the contractual right of termination in such agreements or the mutual agreement of the parties thereto and (v) Company and its Subsidiaries exercise best efforts after such termination to collect any applicable termination penalty or other obligations owed to Company or any of its Subsidiaries by the counterparty to such agreements".
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Provisions Relating to Events of Default. Subsection 7.14 of the Credit Agreement is hereby amended by adding immediately prior to the “;” at the end thereof the following new proviso: “provided, however, that termination by Company and its Subsidiaries of the Power Supply and Purchase Agreement dated June 28, 1993 in effect on the Closing Date relating to the Bataan Project shall not constitute an Event of Default under this subsection 7.14 (regardless of whether such termination occurred prior to the Second Amendment Effective Date), so long as such termination is pursuant to the contractual right of pre-termination in such agreement and Company and its Subsidiaries exercise best efforts thereafter to collect any applicable termination penalty or other obligations owed to Company or any of its Subsidiaries by the counterparty to such agreement”.
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Provisions Relating to Events of Default. Subsection 8.6(a) of the Credit Agreement is hereby amended by adding immediately prior to the ";" at the end of clause (vii) thereof the phrase "(except that one or more orders or rulings may be entered by the Bankruptcy Court to approve Virginia DEQ Liens, Haripur DSR Liens and Insurance Premium Financing Arrangements, to the extent such Virginia DEQ Liens, Haripur DSR Liens and Insurance Premium Financing Arrangements and any other aspects of such orders or rulings do not otherwise breach any other provision of this Agreement)".
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Provisions Relating to Events of Default. Subsection 8.9 of the Credit Agreement is hereby amended by deleting the reference to "$10,000,000" contained therein and substituting therefor "$13,000,000".
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Provisions Relating to Events of Default. Section 8 of the Credit Agreement is hereby amended by adding at the end thereof the following new subsection 8.16:
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Provisions Relating to Events of Default. A. Subsection 8.6 of the Credit Agreement is hereby amended by inserting immediately prior to the ")" at the end of the last parenthetical phrase contained therein the following: "; and provided, further, however, that neither the consummation of the Onondaga Project Restructuring nor the filing of any motion, application or other petition to effect any order or consent to consummate the Onondaga Project Restructuring shall constitute an Event of Default under this subsection 8.6 so long as the Onondaga Project Restructuring Conditions are satisfied".
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Provisions Relating to Events of Default. A. Subsection 8.6(a) of the Credit Agreement is hereby amended by adding immediately after the word "otherwise" in clause (i) thereof the phrase "(except as provided in the Final Borrowing Order)".
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Provisions Relating to Events of Default. A. Subsection 8.6 of the Credit Agreement is hereby amended by adding immediately prior to the ";" at the end thereof the following new parenthetical phrase: "(provided, however, that neither the consummation of the Hennepin Project Restructuring nor the filing of any motion, application or other petition to effect any order or consent to consummate the Hennepin Project Restructuring shall constitute an Event of Default under this subsection 8.6 so long as the Hennepin Project Restructuring Conditions are satisfied)".
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Provisions Relating to Events of Default 
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Related to Provisions Relating to Events of Default

  • Events of Default Defined The following shall be “Events of Default” under this Agreement and the term “Event of Default” shall mean, whenever it is used in this Agreement, any one or more of the following events:

  • 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.

  • 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.

  • 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.

  • Events of Default Rights and Remedies on Default 10.1 Events of Default 10.2 Acceleration of the Obligations

  • Events of Default Remedies on Default Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise:

  • 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.

  • 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:

  • Remedies for Events of Default If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of the Notes then outstanding may declare all the Notes to be immediately due and payable. If a bankruptcy or insolvency default with respect to the Company or any of its Significant Subsidiaries occurs and is continuing, the Notes automatically become immediately due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of at least a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of any trust or power.

  • Events of Default and Termination Events (i) The following provisions of Section 5 will not apply to either Party A or Party B: Section 5(a)(ii) Section 5(a)(iii) Section 5(a)(iv) Section 5(a)(v) Section 5(a)(vi) Section 5(b)(iii) Section 5(b)(iv)

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