Repayment Events. A Repayment Event occurs if: (a) the Borrower fails to pay any money owing to FSL under a Loan Agreement; (b) the Borrower is a corporation, and a liquidator, receiver, administrator or any similar officer is appointed over any part of the Borrower’s undertaking; (c) the Borrower is a partnership which is dissolved or has a receiver appointed to any of its assets; (d) the Borrower is declared or becomes insolvent or, if an individual, is declared bankrupt; or (e) the Borrower breaches any term of this PFMA or any Loan Agreement. If a Repayment Event occurs: (i) the Borrower is deemed to have repudiated the relevant Loan Agreement; (ii) the Debt the subject of the applicable Loan Agreement will become immediately due and payable by the Borrower to FSL without FSL having to make demand for the same;
Repayment Events. (a) With respect to any acquisition of FF&E by Ashford LLC pursuant to this ERFP Agreement, if prior to the date that is two years after such acquisition (the “Applicable Two Year Period”), (i) the Company is subject to a Company Change of Control (as defined in the Advisory Agreement) or (ii) the Company or the Advisor terminates the Advisory Agreement and the Company is required to pay the Termination Fee thereunder (each of clauses (i) and (ii), a “Repayment Event”), the Operating Partnership shall pay to Ashford LLC an amount equal to one hundred percent (100%) of any Enhanced Return Investments actually funded by Ashford LLC during such Applicable Two Year Period (less any amount that the Applicable TRS has previously paid to purchase any such FF&E from Ashford LLC, if any (“Previously Repaid Amounts”)) and any amounts paid to or setoff by Applicable TRS pursuant to Section 2.01(e)(ii)(A) (provided that, with respect to amounts paid to or setoff by Applicable TRS pursuant to Section 2.01(e)(ii)(A), the Operating Partnership shall repay 100% of the Defaulted Funding Amount (and not the 125% thereof that was paid to or setoff by Applicable TRS)). The amount payable by the Operating Partnership pursuant to this Section 2.02(a) is referred to herein as a “Repayment”).
Repayment Events. The principal amount of each Note, together with interest thereon shall also be paid (together with the Payoff Fee then applicable) within thirty (30) days following any of the following events (each a "Repayment Event"):
Repayment Events. A Repayment Event occurs if: (a) the Borrower fails to pay any money owing to FSL under a Loan Agreement; (b) the Borrower is a corporation, and a liquidator, receiver, administrator or any similar officer is appointed over any part of the Borrower’s undertaking; (c) the Borrower is a partnership which is dissolved or has a receiver appointed to any of its assets; (d) the Borrower is declared or becomes insolvent or, if an individual, is declared bankrupt; or (e) the Borrower breaches any term of this PFMA or any Loan Agreement. If a Repayment Event occurs: (i) the Borrower is deemed to have repudiated the relevant Loan Agreement; (ii) the Debt the subject of the applicable Loan Agreement will become immediately due and payable by the Borrower to FSL without FSL having to make demand for the same; (iii) FSL may cancel or otherwise deal with any Insurance; (iv) FSL may direct the Insurer, or any person or organisation to whom Insurance Proceeds are paid, to pay the Insurance Proceeds in full to FSL; and FSL may apply the Insurance Proceeds received by FSL in payment of all Secured Moneys. If the Insurance Proceeds received by FSL are less than the Secured Moneys the Borrower will remain liable to FSL for the shortfall and if they exceed the Secured Moneys FSL will account to the Borrower for the excess. FSL will not be liable for any losses that the Borrower may incur if FSL exercises its right to cancel any Insurance or otherwise exercises its rights under this clause. The Borrower must pay FSL upon demand all its costs and expenses (including legal costs and expenses on a full indemnity basis) incurred by FSL in recovering Secured Moneys following a Repayment Event.
Repayment Events. (a) Repayment Event means any of the following events has occurred and is continuing:
Repayment Events. In addition to the prepayments required pursuant to clauses (c)(i) and (ii) above, upon the occurrence of any Repayment Event, the Borrower shall prepay Advances on the next Business Day after the Net Cash Proceeds from such Repayment Event are received by the Borrower or the Parent or one of their respective Subsidiaries, as applicable, in an amount equal to the lesser of (A) the amount of the outstanding Advances on such Business Day and (B) the Repayment Amount for such Repayment Event. Prepayments made pursuant to this clause (c)(iii) shall be applied (A) first, to outstanding Term Advances (and accrued Current Pay Interest related thereto), (B) second, to outstanding PIK Obligations (and accrued Current Pay Interest related thereto), (C) third, to accrued PIK Interest on all Advances and (C) fourth, to Revolving Advances (and accrued Current Pay Interest related thereto) and, thereafter, to the cash collateralization of outstanding Letter of Credit Exposure.
Repayment Events. The occurrence of any one or more of the following events shall constitute a repayment event (each a "Repayment Event"): (i) the proposed arrangement between a wholly- owned subsidiary of AVG and TBU, on substantially the terms and conditions set forth in the Arrangement Agreement dated as of May 3, 2000, a copy of which has been provided to Lender and to counsel to Lender (the "Arrangement") is not consummated by December 31, 2000; or (ii) Xxxx Xxxxx ceases to be the Chief Executive Officer of AVG and its subsidiaries and actively involved in the management and operation thereof.
Repayment Events. If at any time a Repayment Event has occurred in relation to a Purchased Receivable, the relevant Seller agrees promptly to notify the Bank. In relation to any Repayment Event affecting a Receivable, the Bank and the relevant Seller agree that the loss suffered by the Bank in respect of that Receivable as a result of that Repayment Event will be a sum equal to the reduction in the Net Value arising as a result. At the Bank’s determination in its sole discretion and upon the Bank’s request, the relevant Seller undertakes to carry out the following:
Repayment Events. The Corporation shall have the right to be repaid to the ---------------- extent of its Premium Payments (as defined in Section 10 of the Agreement) upon the death of the Owner prior to the termination of the Agreement or upon the happening of any of the following events (the "Repayment Events") which occur prior to the Owner's attainment of age sixty-five (65):
Repayment Events. The following shall constitute Repayment Events for purposes of Sections 9.3 and 9.4: Rite Aid shall reorganize, merge or consolidate with or into, or convey, sell, assign, transfer, or otherwise dispose of (whether in one transaction or a series of transactions) all or substantially all of its assets (whether now owned or subsequently acquired) to any third party, provided that it shall not be a Repayment Event if the corporation into which Rite Aid is merged or the corporation formed by such consolidation or the third person acquiring all or substantially all of Rite Aid's assets: (i) shall be a corporation organized and existing under the laws of the United States of America or any state thereof, (ii) shall assume the payment of the Conversion Allowance or Development Allowance, and the performance of each covenant to be performed under this Agreement, as fully as if such successor had been Rite Aid, and
