Examples of Security Agreement Event of Default in a sentence
In addition to the remedies set forth in Section 8.1, if any Security Agreement Event of Default shall occur, subject to the Gaming Laws, Collateral Agent may, but is not required to, sell the Borrower Collateral in one or more sales.
All payments received and amounts held or realized by Collateral Agent at any time when a Security Agreement Event of Default shall be continuing as well as all payments or amounts then held or thereafter received by Collateral Agent and the proceeds of sale pursuant to Section 8.2 shall be distributed to the Collateral Agent for distribution in accordance with Section 3.8 of the Loan Agreement.
The parties hereto agree that Section 1.2 of the Secured Loan Agreement is hereby amended to delete the definition of "Credit Facility Event of Default" and to include the following definitions: "Loan and Security Agreement Event of Default" an Event of Default under the Loan and Security Agreement, to be dated on or about May 12, 2004 (the "Loan and Security Agreement"), by and among Evergreen International Aviation, Inc.
If the Collateral Agent incurs expenses or renders services after the occurrence of a Security Agreement Event of Default, the expenses and the compensation for the services will be intended to constitute expenses of administration under Title 11 of the United States Bankruptcy Code or any applicable federal or state law for relief of debtors.
The policy was to encourage private sector investment in the development of ski areas by providing tenure security and pricing incentives.
This lack of control creates a gap between a scoring sheet based on professional expectations and a non‐professional reading of the annual reports of which I am aware.
To the extent permitted by any Requirements of Law, the Borrower hereby waives any rights now or hereafter conferred by statute or otherwise that may require Collateral Agent or the Lenders to sell, lease or otherwise use the Equipment, any Item of Equipment or any Part thereof in mitigation of Collateral Agent's, or the Lenders' damages upon the occurrence of a Security Agreement Event of Default or that may otherwise limit or modify any of Collateral Agent's or the Lenders' rights hereunder.
Upon the occurrence and during the continuance of a IP Security Agreement Event of Default, Agent shall have the right to exercise all the remedies of a secured party under the UCC, including, without limitation, the right to require Pledgor to assemble the Intellectual Property Collateral and any tangible property in which Agent has a security interest and to make it available to Agent at a place designated by Agent.
Contribute significant property tax revenue to the City of Yucaipa.
No Security Agreement Default or Security Agreement Event of Default attributable to it has occurred and is continuing.