Events of Default Defined definition

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: (1) Failure by Developer to pay or cause to be paid, before delinquency, all real property taxes assessed with respect to the Real Estate owned by Developer. (2) Failure by Developer to substantially observe or perform any other material covenant, condition, obligation or agreement on its part to be observed or performed under this Agreement.
Source 1

Examples of Events of Default Defined in a sentence

  • In addition to termination under Section 9.1, Events of Default Defined, and Section 9.2, Remedies, the City may terminate this Agreement, or all or any portion of the Services to be performed under it, at any time by a notice in writing from the City to you.

  • Your failure to reimburse the City in accordance with this Section 3.10 is an event of default under Section 9.1, Events of Default Defined, and you will be liable for all of the City’s costs of collection, including any court costs and attorneys’ fees.

  • Additional Definitions 3 Section 1.4. Amendment of Section 3.2. Agreement as to Ownership of Project 3 Section 1.5. Amendment of Section 4.6. First Mortgage Bonds 4 Section 1.6. Amendment of Section 7.7. Financing Statements 5 Section 1.7. Deletion of Section 7.9. Negative Pledge 5 Section 1.8. Amendment of Section 9.1. Events of Default Defined 5 Section 1.9. Amendment of Section 9.2. Remedies on Default 5 Section 1.10.

  • EVENTS OF DEFAULT AND REMEDIES 22 Section 8.1. Events of Default Defined 22 Section 8.2. Remedies for Non-Bankruptcy Defaults 23 Section 8.3. Remedies for Bankruptcy Defaults 23 SECTION 9.

  • Events of Default; Remedies...........................................67 12.1 Events of Default Defined; Acceleration of Maturity.............67 12.2 Suits for Enforcement, etc......................................72 12.3 No Election of Remedies.........................................72 12.4 Remedies Not Waived.............................................72 12.5 Application of Payments.........................................72 13.

  • SECTION 6.1. Events of Default Defined 19 SECTION 6.2. Remedies on Default 19 SECTION 6.3. No Remedy Exclusive 20 SECTION 6.4. Agreement to Pay Attorneys’ Fees and Expenses 20 SECTION 6.5. No Additional Waiver Implied by One Waiver 20 SECTION 6.6. Trustee and Bond Owners to Exercise Rights 20 SECTION 7.1. Security Deposit 21 SECTION 7.2. Optional Prepayment Relating to the 2020 Bonds.

  • Upon the occurrence of any one or more Trinidad Events of Default (as defined in SECTION 5.1 (Events of Default Defined)), all amounts then remaining unpaid under this Trinidad Project Note may become or be declared to be immediately due and payable as provided in the Trinidad Project Loan Agreement, without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor, or notices or demands of any kind, all of which are expressly waived by the Trinidad Project Borrower.

  • In addition to termination under Section 9.1, Events of Default Defined, and Section 9.2, Remedies, the City may terminate this Agreement, or all or any portion of the Program to be performed under it, at any time by a notice in writing from the City to you.

  • A similar observation was made by Alisiobi and Ako (2012) in their geophysical investigation in Ile-Ife, Osun State, Southwest Nigeria.

  • Events of Default Defined; Acceleration of Maturity; Waiver of Default 21 SECTION 6.02.

Related to Events of Default Defined

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

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

  • 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.

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

  • 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.