Example ContractsClausesEvent of Default
Event of Default
Event of Default contract clause examples

Event of Default. A new [Section 8.1(p)] is hereby added to the Financing Agreement to read as follows:

Event of Default. The occurrence of any of the following events shall, at Landlord’s option, constitute an “Event of Default”:

. The occurrence of one or more of the following events shall be an “Event of Default” hereunder and under each of the other Loan Documents:

Event of Default. If Borrower shall fail to perform or observe any term, covenant or agreement in this Amendment, or any representation or warranty made by Borrower in this Amendment shall prove to have been incorrect in any material respect when made, such occurrence shall be deemed to constitute a Default.

Event of Default. For avoidance of doubt, Lessee’s failure to make any Lease Severance Fee payment when the same is due and payable shall constitute an Event of Default under Section 16.1(a) of this Lease, subject to the applicable notice and cure periods set forth in Section 16.1(a) of this Lease.

. The term "Event of Default" means that:

Event of Default. An event of default (each, a “Default”) shall exist if Customer: # fails to make any payment(s) due pursuant to this Agreement; # violates, or fails to perform or fulfill any covenant or provision of this Agreement, and such matter is not cured within ten (10) days after written notice from Compute North; or # enters into bankruptcy, dissolution, financial failure or insolvency.

Event of Default. Upon an Event of Default, without any action on the part of the Holder, the Interest Rate shall increase to 12% per annum (the “Default Interest”) and the entire principal and interest balance under this Note, and all other obligations of the Maker under this Note, shall be immediately due and payable, and the Holder shall be entitled to seek and institute any and all remedies available to him. Each of the following events shall be an “Event of Default”: # the Maker fails to pay in full any amount of principal or interest due under this Note within the time prescribed in this Note or the Maker fails to satisfy any other obligation or requirement of the Maker under this Note; # a final judgment for the payment of money in excess of $25,000 is rendered against the Maker, and that judgment remains undischarged for a period of 30 days from the date of entry of that judgment, unless within that 30 day period that judgment is stayed or an appeal is taken from that judgment and the execution of that judgment stayed during that appeal; or # any proceedings under any bankruptcy laws of the United States of America or under any insolvency, reorganization, receivership, readjustment of debt, dissolution, liquidation or any similar law of any jurisdiction in effect now or in the future (whether in law or at equity) are filed by or against the Maker or for all or any part of its assets or the Maker makes a general assignment for the benefit of creditors.

Event of Default. During the continuance of any Event of Default and in connection with the exercise of rights or remedies hereunder or under any other Loan Document, the Collateral Agent shall have the right, at any time in its discretion, and upon concurrent, written notice by the Collateral Agent to the relevant Grantor, to # transfer to or to register in its name or in the name of its nominees any Pledged Stock and # exchange any certificate or instrument representing or evidencing any Pledged Stock for certificates or instruments of smaller or larger denominations.

Event of Default. Each of the following events shall constitute an “Event of Default”:

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