Consequences of a Default Event Sample Clauses

Consequences of a Default Event. (a) At any time after a Default Event has occurred without limiting any other right that the Bank has the Bank may give the Borrower a default notice which tells the Borrower:
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Consequences of a Default Event. Any Member who has committed a Default Event (the “Defaulting Member”) shall notify the other (the “Non-Defaulting Member”) as soon as practicable after becoming aware that a Default Event has occurred and unless the Default Event is waived by the Non Defaulting Member or remedied in accordance with Clause 18.3 or 18.4, the Winding Up Procedure set out in Clause 20 shall automatically be triggered.
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Consequences of a Default Event. 24.2.1 Without prejudice to Clause 24.2.3, where one Shareholder (the “Non-Defaulting Shareholder”) (acting reasonably) considers that the other Shareholder (the “Purported Defaulting Shareholder”) has committed a Default Event, the Non- Defaulting Shareholder shall serve a written notice upon the Purported Defaulting Shareholder (with a copy to JVCo and all other Shareholders) as soon as practicable and in any event within 20 Working Days of becoming aware of the relevant circumstances (“Purported Default Notice”) which shall:
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Consequences of a Default Event. (b) Following a Default Event, ICBCNZ may terminate this agreement by notice in writing with immediate effect.
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Consequences of a Default Event. Where either the Council or CPUK has committed a Default Event (the “Defaulting Member”) it shall notify the other (the “Non-Defaulting Party”) as soon as practicable after becoming aware that a Default Event has occurred and unless the Default Event is waived by the Non-Defaulting Party or remedied in accordance with clause 18.3 or 18.4, the provisions of clause 19 shall automatically be triggered.
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Related to Consequences of a Default Event

  • Consequences of an Event of Default (a) If an Event of Default specified in subsections (a) through (l), (o), (p) or (q) of Section 7.01 shall occur and, be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent or any Lender may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans hereunder, and the Administrative Agent may, and, upon the written request of the Required Lenders shall, by notice to the Borrower, from time to time do any or all of the following:

  • Consequences of Default Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement:

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • Default and Consequences of Default 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Supplier’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Consequences of Events of Default and Corrective Action If an Event of Default occurs, the Province may, at any time, take one or more of the following actions:

  • Consequences of Breach Without prejudice to any rights that may be available to the Principal/Owner under law or the Contract or its established policies and laid down procedures, the Principal/Owner shall have the following rights in case of breach of this Integrity Pact by the Tenderer(s)/Contractor(s) and the Tenderer/ Contractor accepts and undertakes to respect and uphold the Principal/Owner’s absolute right:

  • Authority Event of Default Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default:

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Succession upon Default Each of the following events shall constitute an Event of Default by Xxxxxx Xxx hereunder:

  • Remedies Upon an Event of Default If an Event of Default shall have occurred and shall be continuing, the Holder of this Note may at any time at its option, declare the entire unpaid principal balance of this Note, together with all interest accrued hereon, due and payable, and thereupon, the same shall be accelerated and so due and payable; provided, however, that upon the occurrence of an Event of Default described in Section 3.1(f), without presentment, demand, protest, or notice, all of which are hereby expressly unconditionally and irrevocably waived by the Borrower, the outstanding principal balance and accrued interest hereunder shall be automatically due and payable. In addition, if an Event of Default shall have occurred and be continuing, the Holder may exercise or otherwise enforce any one or more of the Holder’s rights, powers, privileges, remedies and interests under this Note or applicable law and institute such actions or proceedings in law or equity as it shall deem expedient for the protection of its rights and may prosecute and enforce its claims against all assets and property of the Borrower, and in connection with any such action or proceeding shall be entitled to receive from the Borrower, payment of the principal amount of this Note plus accrued interest to the date of payment plus reasonable expenses of collection, including, without limitation, attorneys' and experts' fees and expenses. No course of delay on the part of the Holder shall operate as a waiver thereof or otherwise prejudice the right of the Holder. No remedy conferred hereby shall be exclusive of any other remedy referred to herein or now or hereafter available at law, in equity, by statute or otherwise.

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