Breach of Covenants definition

Breach of Covenants means the failure to observe any or all of the Continuing Obligations.
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Breach of Covenants means non-compliance by the Issuer with any of the covenants referred to under Condition 3 (save for the First Financial Covenant).
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Breach of Covenants means non-compliance by the Issuer with any of the covenants referred to under Condition 3 (Covenants).
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Examples of Breach of Covenants in a sentence

  • Notice of Breach of Covenants or Noncompliance Events - Immediately upon becoming aware of the existence of any condition or event that constitutes either a noncompliance with the pertinent requirements of the postclosure agreement or a Breach of any Covenants under this Guarantee (with the exception of breaches or notices of breach that EGLE sends to Guarantor), Guarantor shall provide written notice to EGLE.

  • Notice of Breach of Covenants or Noncompliance Events - Immediately upon becoming aware of the existence of any condition or event that constitutes either a noncompliance with the pertinent requirements of the corrective action plan or a breach of any covenants under this Guarantee (with the exception of breaches or notices of breach that EGLE sends to Guarantor), Guarantor shall provide written notice to EGLE.

  • Any increase in the Distribution Rate pursuant to this Condition 5(e) shall be notified by the Issuer to the Securityholders, the Trustee and the Agents in writing no later than the 14th day following (i) the 60th day following the occurrence of the Change of Control Event, (ii) the occurrence of the Breach of Covenants Event or (iii) the occurrence of the Relevant Indebtedness Default Event.

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF LIQUIDATOR 20 Section 12.1. No Misrepresentation or Breach of Representations and Warranties 20 Section 12.2. No Breach of Covenants 20 Section 12.3. No Material Adverse Effect 20 Section 12.4. Officer's Certificate 20 Section 12.5. No Restraint 20 Section 12.6. Governmental Approvals 21 ARTICLE XIII.

  • The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not more than 60 nor less than 30 days’ irrevocable notice to the Trustee, the Agents and the Holders of Securities at their principal amount (together with any Distribution accrued to (but excluding) the date fixed for redemption (including any Arrears of Distribution and any Additional Distribution Amount)) upon the occurrence of a Breach of Covenants Event.

  • Breach of Covenant(s) The decisions of the Administrators and the Committee of Inspection are conclusive as to whether there has been a breach.

  • Breach of Covenants and the End of DividendsSubsequent to quarter’s end, BPYU appealed to its creditors for covenants relief through the quarter ending June 2021.

  • Promptly upon the Issuer becoming aware of the occurrence of a Change of Control Event or Breach of Covenants (as the case may be, the Put Event), the Issuer shall give notice to the Bondholders of such Put Event in accordance with Condition 15 (Notices), specifying the nature of the Put Event, the circumstances giving rise to it and the procedure for exercising the Put Option (the Put Event Notice).

  • The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not more than 60 nor less than 30 days’ irrevocable notice to the Trustee, the Agents and the Securityholders at their principal amount (together with any Distribution accrued to the date fixed for redemption (including any Arrears of Distribution and any Additional Distribution Amount)) upon the occurrence of a Breach of Covenants Event.

  • None of the Trustee or the Agents shall be obliged to take any steps to ascertain whether a Change of Control Triggering Event, Breach of Covenants Event, an Indebtedness Default Event or a breach of Condition 4(d)(iv) has occurred or to monitor the occurrence of any Change of Control Triggering Event, Breach of Covenants Event, an Indebtedness Default Event or a breach of Condition 4(d)(iv), and shall not be liable to the Holders of Securities or any other person for not doing so.


More Definitions of Breach of Covenants

Breach of Covenants means the failure to observe any or all of the Continuing Obligations.” “‘Continuing Obligations’ means your continuing obligations to the Company or a Subsidiary under the Employment Agreement or any other applicable employment, separation, withdrawal or other agreement with the Company or a Subsidiary.” “‘Employment Agreement’ means that certain Amended and Restated Employment Agreement between you and the Company dated as of March 17, 2010, as amended from time to time.”
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Breach of Covenants means the failure to observe any or all of the Continuing Obligations.”
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Related to Breach of Covenants

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Breach of trust means a breach of any duty imposed on a trustee by this Act or by the terms of the trust;

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Breach of system security means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of sensitive personal information maintained by a person, including data that is encrypted if the person accessing the data has the key required to decrypt the data. Good faith acquisition of sensitive personal information by an employee or agent of the person for the purposes of the person is not a breach of system security unless the person uses or discloses the sensitive personal information in an unauthorized manner. Business and Commerce Code 521.053(a)

  • Breach of Duty means the Director or Officer breached or failed to perform his or her duties to the Corporation and his or her breach of or failure to perform those duties is determined, in accordance with Section 8.04, to constitute misconduct under Section 180.0851 (2) (a) 1, 2, 3 or 4 of the Statute.

  • BREACH OF CONTRACTUAL OBLIGATION means amongst others also the following:

  • Intentional Breach means, with respect to any agreement or covenant of a party in this Agreement, an action or omission taken or omitted to be taken by such party in material breach of such agreement or covenant that the breaching party intentionally takes (or fails to take) with actual knowledge that such action or omission would, or would reasonably be expected to, cause such material breach of such agreement or covenant.

  • Breach means the acquisition, access, use, or disclosure of PHI in a manner not permitted 9 under the HIPAA Privacy Rule which compromises the security or privacy of the PHI.

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • Breach of the security of the system means unauthorized acquisition or acquisition without valid authorization of physical or computerized data which compromises the security, confidentiality, or integrity of personal information maintained by the district. Good faith acquisition of personal information by an officer or employee or agent of the district for the purposes of the district is not a breach of the security of the system, provided that the private information is not used or subject to unauthorized disclosure.

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.

  • Torture means the intentional infliction of severe pain or suffering, whether physical or mental, upon a person in the custody or under the control of the accused; except that torture shall not include pain or suffering arising only from, inherent in or incidental to, lawful sanctions;

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a singed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx, President Accepted and Agreed: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Warranties - means collectively any and all warranties (if any) given by the Bidder in terms of this agreement.

  • Material Damage and “Materially damaged” means damage (w) resulting in the Property not complying with all legal requirements applicable to the Property, (x) reasonably exceeding $300,000 or (y) that entitles any tenant of the Property to terminate its Lease, or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair.

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • operation in breach of customs legislation means any violation or attempted violation of customs legislation.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Representations means the written Representations and Warranties provided by Borrower to Silicon referred to in the Schedule.

  • Non-Recourse Parties has the meaning provided in Section 12.16.