Purchaser Event of Default Sample Clauses

Purchaser Event of Default. 19.4.2.1 If a Purchaser Event of Default has occurred and the Purchaser Event of Default has not been cured within the period specified in Clause 19.3, the Seller, in its sole discretion, may:
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Purchaser Event of Default. Each of the following is an Event of Default:
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Purchaser Event of Default. In the event the Seller terminates this Agreement at any time prior to the expiry of the Term, pursuant to Section 16.2 as a result of a Purchaser Event of Default, the Seller may elect to transfer the Facility to the Purchaser or its designee and, in such event, the Facility shall be transferred to the Purchaser or its designee and the Purchaser or its designee shall simultaneously pay the Seller the Compensation Amount set forth in Schedule 10 (Compensation Amounts).
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Purchaser Event of Default. The occurrence and continuation of any of the following events, unless any such event occurs as a result of force majeure event shall constitute a Purchaser's event of default ("Purchaser Event of Default"):
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Purchaser Event of Default. If the Purchaser commits the Purchaser EoD as indicated in Clause 4.1.5, then notwithstanding anything in this Agreement and any other remedies available to the Sellers under Applicable Law: (a) the Purchaser Directors shall forthwith resign, or be removed, as a Directors; (b) all rights of the Purchaser under this Agreement shall forthwith fall away; (c) the obligations of the Sellers (but not their right) to subscribe to the shares of the Purchaser under the Investment Agreement shall fall away; and (d) the Sellers can invoke the Second Closing Bank Guarantee in accordance with the provisions of Clause 4.1.5.
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Purchaser Event of Default. Subject to Article 6, a Purchaser Event of Default under this Agreement shall be deemed to exist upon the occurrence of any one or more of the following events:
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Related to Purchaser Event of Default

  • After Event of Default Borrower further agrees to pay, or reimburse Lender, for all reasonable out-of-pocket costs and expenses, including without limitation reasonable attorneys’ fees and disbursements incurred by Lender after the occurrence of an Event of Default (i) in enforcing any Obligation or in foreclosing against the Collateral or exercising or enforcing any other right or remedy available by reason of such Event of Default; (ii) in connection with any refinancing or restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or in any insolvency or bankruptcy proceeding; (iii) in commencing, defending or intervening in any litigation or in filing a petition, complaint, answer, motion or other pleadings in any legal proceeding relating to Borrower and related to or arising out of the transactions contemplated hereby; (iv) in taking any other action in or with respect to any suit or proceeding (whether in bankruptcy or otherwise); (v) in protecting, preserving, collecting, leasing, selling, taking possession of, or liquidating any of the Collateral; or (vi) in attempting to enforce or enforcing any Lien in any of the Collateral or any other rights under the Security Instrument.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • 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.

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • 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."

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

  • Action if Other Event of Default If any Event of Default (other than any Event of Default described in clauses (i) through (iv) of Section 9.1(h)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Lender may, by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall terminate.

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

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