Pledge Agreement Event of Default definition

Pledge Agreement Event of Default means an “Event of Default” as defined in the Pledge Agreement.
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Pledge Agreement Event of Default means any of the following: (i) any Pledgor shall violate, breach or default under, or shall otherwise fail to perform or observe, any term, covenant or agreement contained in this Agreement, beyond any applicable cure period provided for herein; (ii) any representation or warranty made by any Pledgor under this Agreement shall have been incorrect in any material respect when made; (iii) any Pledgor shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to such Pledgor’s debts under any bankruptcy, insolvency or other similar law of any jurisdiction, now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian, examiner or other similar official of such Pledgor or any substantial part of such Pledgor’s property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against any Pledgor, or any Pledgor shall make a general assignment for the benefit of creditors, or shall fail generally to pay his or her debts as they become due, or shall appoint a trustee, receiver, liquidator, custodian, examiner or other similar official of any Pledgor or any substantial part of his or her property, or shall take any action to authorize any of the foregoing; (iv) an involuntary case or other proceeding shall be commenced against any Pledgor seeking liquidation, reorganization or other relief with respect to any Pledgor or his or her debts under any bankruptcy, insolvency, examinership or other similar law of any jurisdiction, now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian, examiner or other similar official of any Pledgor or any substantial part of his or her property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of thirty (30) days, or an order for relief shall be entered against any Pledgor under the bankruptcy laws of any jurisdiction as now or hereafter in effect; (v) any material judgment shall be entered against any Pledgor that materially and adversely affects such Pledgor’s ability to perform his or her obligations hereunder; (vi) the validity or enforceability of the Settlement Agreement, the Confession of Judgment or any Security Document shall be contested by any Pledgor or any Pledgor shall deny that he or she has any further liability or obligation hereunde...
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Pledge Agreement Event of Default means any event or condition defined in Section 8 of the Pledge Agreement as a "Pledge Agreement Event of Default".
Sample 1

Examples of Pledge Agreement Event of Default in a sentence

  • Upon the occurrence of any Stock Pledge Agreement Event of Default and at the option of the Lender, in addition to any rights, remedies and privileges which the Lender may have under the Master Agreement, the Lender also shall have all of the rights, remedies and privileges with respect to repossession, retention and sale of the Stock Collateral and disposition of the proceeds as are accorded to the Lender by the applicable sections of the UCC.

  • For purposes of this Pledge Agreement, "Event of Default" shall have the meaning given that term in the Reimbursement Agreement.

  • If any Pledge Agreement Event of Default shall have occurred and be continuing, upon written notice to SEMG, SEMG, the Buyers and their Affiliates will take all commercially reasonable actions necessary to allow the Company or any Company Subsidiary to hire those employees who primarily provide their services to the Company or any such Company Subsidiary.

  • Each Pledgor will upon demand pay to Pledgee all reasonable expenses, including the reasonable fees and expenses of counsel for Pledgee and of any experts and agents, that Pledgee may incur in connection with: (a) any Pledge Agreement Event of Default or (b) the exercise or enforcement of any of the rights of Pledgee hereunder.

  • For purposes of this Pledge Agreement, "Event of Default" shall have the meaning provided in the Note Purchase Agreement.

Related to Pledge Agreement Event of Default

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

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • 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).

  • 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.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

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

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

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Owner Event of Default has the meaning set forth in Section 20.3.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

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

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

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

  • Issuer Event of Default means the occurrence of any of the following events:

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • 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.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

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

  • 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.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.