Non-Payment Event definition

Non-Payment Event has the meaning specified in Section 5.02.
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Non-Payment Event means failure of the Corporation to redeem any shares of Series B‑3 Preferred Stock as and when required in accordance with Section 7 of this Certificate of Designations, in either case which is not cured within five (5) days after written notice from Ares after such default.
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Non-Payment Event has the meaning specified in Section 2.01(b).
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Examples of Non-Payment Event in a sentence

  • Customer Bankruptcy, Customer Non-Payment Event, or as Consented to.

  • A “Default” shall occur (i) upon the occurrence of a Winding-Up Event that occurs before the Conversion Date or (ii) upon the occurrence of a Non-Payment Event or (iii) upon a breach by the Company of a Performance Obligation.

  • If a Non-Payment Event occurs, the Trustee may at its discretion, and without further notice to the Company, institute proceedings in England (or such other jurisdiction in which the Company may be organized) (but not elsewhere) for the winding-up of the Company and/or prove in a winding-up of the Company and/or claim in a liquidation or administration of the Company.

  • Upon the termination or cure of any Non-Payment Event, Borrower’s obligation to pay amounts outstanding on this Note will immediately be reinstated.

  • Holders of a majority of the aggregate principal amount of the Outstanding Securities shall not be entitled to waive any past default that results from a Winding-Up Event or a Non-Payment Event.


More Definitions of Non-Payment Event

Non-Payment Event has the meaning set forth in Section 4.02 hereof.
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Non-Payment Event as defined in Section 5.4.
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Non-Payment Event means any failure by the Licensee to discharge its Renewables Obligation whether by failing to make payment to the Authority before 1 September in terms of Article 67 of the Renewables Obligation Order 2015 (as amended from time to time) or Article 43 of the Renewables Obligation (Scotland) Order 2009 (as amended from time to
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Non-Payment Event has the meaning specified in ‎Section 4.02.
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Non-Payment Event has the meaning given to it in Condition 8.1 (Non-Payment Event);
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Non-Payment Event means the occurrence of a non-payment event 30 days after the occurrence of a Missed Payment Event in accordance with Condition 11(1)(a) of these Conditions of Bonds; and
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Non-Payment Event shall have the meaning as specified in Article 9.2.
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