DEFAULTS AND REMEDIES definition

DEFAULTS AND REMEDIES. Comparable to Sections 501 and 502 (other than paragraph (g)) of the Indenture, except that the baskets shall be $7,500,000. COVENANTS: Covenants will be comparable to those customary for publicly traded convertible debt, and specifically including: All distributions by the Company must be pro rata. Covenants comparable to Sections 7.01 and 7.02 of the Company's Agreement of Limited Partnership (the "Partnership Agreement"). Access and information (other than monthly financials or reports) comparable to that provided to a five percent partner under Sections 7.03 and 7.04 of the Partnership Agreement. Covenants prohibiting transactions of the type described in Section 8.01(b)(ix) (also to be applicable to affiliate transactions with subsidiary partnerships) of the Partnership Agreement. Covenants comparable to Sections 801(a)(i) and (ii) (subject to subparagraphs (d) and (e)), except in the case of a Roll-Up the Company will remain the obligor under the Subordinated Notes), 1001 and 1004 of the Indenture.
Sample 1

Examples of DEFAULTS AND REMEDIES in a sentence

  • Preservation and Disclosure of Lists 31 DEFAULTS AND REMEDIES Section 6.01.

  • Preservation and Disclosure of Lists 32 DEFAULTS AND REMEDIES Section 6.01.

  • Successor Person Substituted 17 ARTICLE 6 DEFAULTS AND REMEDIES 17 Section 6.01.

  • Application of Trust Money 20 ARTICLE V DEFAULTS AND REMEDIES Section 5.01.

  • Indemnification by Borrower 37 ARTICLE VII EVENTS OF DEFAULTS AND REMEDIES Section 7.01.

  • DEFAULTS AND REMEDIES 33 Section 7.1. Events of Default 33 Section 7.2. Reserved 33 Section 7.3. Remedies; Rights of Bondholders 33 Section 7.4. Right of Bondholders to Direct Proceedings 34 Section 7.5. Application of Moneys 34 Section 7.6. Remedies Vested In Trustee 35 Section 7.7. Rights and Remedies of Bondholders 35 Section 7.8. Termination of Proceedings 36 Section 7.9. Waivers of Events of Default 36 ARTICLE VIII.

  • Application of Trust Money 36 ARTICLE V DEFAULTS AND REMEDIES Section 5.01.

  • Indemnification by Xxxxxxxx 37 ARTICLE VII EVENTS OF DEFAULTS AND REMEDIES Section 7.01.

  • Levy of Tax 15 ARTICLE VI LOAN DEFAULTS AND REMEDIES 16 Section 6.01.

  • DEFAULTS AND REMEDIES 28 Section 7.1. Events of Default 28 Section 7.2. Reserved 28 Section 7.3. Remedies; Rights of Bondholders 28 Section 7.4. Right of Bondholders to Direct Proceedings 29 Section 7.5. Application of Moneys 29 Section 7.6. Remedies Vested In Trustee 30 Section 7.7. Rights and Remedies of Bondholders 30 Section 7.8. Termination of Proceedings 31 Section 7.9. Waivers of Events of Default 31 ARTICLE VIII.

Related to DEFAULTS AND REMEDIES

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • Events of Default has the meaning specified in Section 6.01.

  • Required Percentage-Remedies shall be 66-2/3% of the aggregate Voting Rights.

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.

  • Remedies means actions designed to restore or preserve the complainant’s equal access to education after a respondent is found responsible. Remedies may include the same individualized services that constitute supportive measures, but need not be non-punitive or non-disciplinary, nor must they avoid burdening the respondent.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Forbearance Default means (A) the occurrence of any Default (as defined in the GE Loan Agreement) or any Event of Default (as defined in the TCFC Loan Agreement) other than the Specified Defaults, (B) the failure of any Borrower or any other Loan Party to comply timely with any term, condition, or covenant set forth in this Agreement, (C) the failure of any representation or warranty made by any Borrower or any other Loan Party under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other breach of any such representation or warranty in any material respect, (D) any occurrence, event or change in facts or circumstances occurring on or after the Effective Date that would have a Material Adverse Change (as defined in either Loan Agreement) on any Borrower or any other Loan Party or any of their respective financial conditions, businesses, prospects or assets, (E) (I) any breach by Travis or any other Loan Party of any provision of the Merxxx Xgreement or any other agreement, instrument or document executed in connection therewith, (II) any failure by Travis or TRMC to satisfy any condition precedent to txx xxxectiveness of the Merger Agreement or any other agreement, instrument or document executed in connection therewith, (III) any termination or purported termination by any party thereto of the Merger Agreement, or (IV) any other failure of the Merger Agreement to remain in full force and effect at any time, (F) any breach by Tracker of any of the provisions of that certain letter agreement dated on or about the date hereof between Tracker and Lender (the "Tracker Letter Agreement"), including, without limitation, any failure by Tracker to fund any working capital shortfall of Travis pursuant to Section 7 of the Tracker Letter Agreement, ox (X) any determination made by Lender in its sole discretion at any time that Lender, Travis and Tracker (or its affiliate, TMRC) have failed or arx xxxble to reach agreement on the terms for restructuring the credit facilities under the Loan Documents or on any other matters referenced in Section 6.03(g) of the Merger Agreement. Any Forbearance Default shall constitute an immediate Default under the GE Loan Agreement and an immediate Event of Default under the TCFC Loan Agreement.

  • Existing Defaults means, collectively, the Events of Default identified on Exhibit A hereto.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Breach of trust means a breach of any duty imposed on a trustee by this Act or by the terms of the trust;

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Default Under the Trust Indenture With respect to any MBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any requisite notice, would be an “Event of Default” under the Trust Indenture pursuant to which such MBS was issued.

  • Event of Default has the meaning specified in Section 8.01.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Minor Default means any Event of Default that is not a Major Default.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Customer Default shall have the meaning set forth in Section 11.1.

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.