Default Event definition

Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

Default Event means an event where:

Default Event means the service of a Close-Out Notice with respect to any of the events set out in

Examples of Default Event in a sentence

• The Seller may suspend part or all of the Orders by written notice to the Customer due to, the Customer’s Default Event, safety issues beyond the reasonable control of the Parties or a Force Majeure Event.

• Promptly upon obtaining knowledge of any Default, Event of Default or Event of Suspension or notice thereof, and within five (5) Business Days thereafter, the Borrower shall furnish or cause to be furnished to the Bank copies of a certificate signed by an Authorized Officer specifying in reasonable detail the nature and period of existence thereof and, with respect to any Default or Event of Default, what action the Borrower has taken or proposes to take with respect thereto.

• Borrowers shall not declare or make, or agree to pay or make any Restricted Payments, or incur any obligation to do so, unless (x) no Default, Event of Default, Mandatory Prepayment Event, Collateral Call Trigger Event or Adjustment Determination Period shall have occurred and be continuing or would result therefrom and (y) the cash, securities or property so paid or distributed does not constitute, and is not required under the Margin Loan Documentation to be posted as, Collateral.

• The Borrower will provide immediate written notice to the Lender of each Default, Event of Default and Event of Non-Allocation.

More Definitions of Default Event

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

Default Event means any material breach by the Corporation of its obligations under this Certificate of Designations, other than a Non-Payment Event, which, if curable, is not cured on or prior to the 30th day after receipt of written notice from Ares after such default.

Default Event means a General Default or a Project Default;

Default Event means those events listed in clause 18.2.

Default Event means any of the following events: (i) any time when the Company fails to make a mandatory redemption of the Senior Preferred Stock when required (whether or not any contractual or other restrictions apply to such redemption, including restrictions imposed by the Bank Facility) pursuant to Section 5(a) hereof; or (ii) any time when the Company fails to make an offer to repurchase all of the outstanding shares of Senior Preferred Stock (or fails to consummate any such offer to repurchase) following a Change of Control, if such offer to repurchase is required to be made pursuant to Section 7(a) hereof (whether or not any contractual or other restrictions apply to such repurchase, including restrictions imposed by the Bank Facility).

Default Event means any of the circumstances set forth in Article 7 hereof.

Default Event means a scenario in which the CCP has declared in default: