Event of Default

Event of Default. The occurrence of any of the following: (i) any failure by Debtor to pay any amount due to Secured Party when and as due under the Moissanite Consignment Agreement, any other Transaction Document or in connection with the Transaction, (ii) Debtor shall default in the due observance or performance of any other covenant, condition or agreement set forth in this Agreement, the Moissanite Consignment Agreement, any other Transaction Document; (iii) entry of any single judgment against Debtor in... excess of $100,000, or entry of judgments against Debtor that in the aggregate exceed $100,000 and that are not bonded over or discharged within 30 days; (iv) Debtor shall become insolvent or shall be adjudicated bankrupt; bankruptcy, insolvency, reorganization, arrangement, debt adjustment, liquidation, or receivership proceedings in which Debtor is alleged to be insolvent or unable to pay its debts as they mature, are instituted by or against Debtor, and Debtor shall consent to the same or shall admit in writing the material allegations of the petition filed in such proceedings, or the proceedings are not dismissed within the time permitted for the posting of bond and no bond shall have been posted in the matter (v) any material statement, representation or warranty of Debtor herein is untrue in any material respect; or (vi) Debtor shall default under its fine jewelry consignment agreement with J.C. Penny Corporation dated July 20, 2004 View More

Event of Default. Has the meaning set forth in either of the Notes.

Event of Default. Any of the following events: (i) the Corporation fails to timely pay any declared dividend on the Dividend Payment Date; (ii) the Corporation breaches any material covenant, term or condition of the Series A Senior Preferred Stock Registration Rights Agreement concerning the filing or maintenance of a Demand Registration Statement (as defined therein) pursuant to the terms thereof, and such breach continues for a period of twenty (20) days after written notice to the Corporation from a holder.... The Corporation agrees to notify the holders of any such breach within a reasonable period of time after discovery of such breach; and (iii) any failure to make a Change of Control Offer or Required Redemption to the extent such a Change of Control Offer or Required Redemption is mandated by the terms hereof. View More

Event of Default. An event defined as an Event of Default in the Senior Facilities Agreement

Event of Default. The respective meanings assigned thereto in the Intercreditor Agreement

Event of Default. The term "Event of Default" shall have the meaning set forth in Section 11.4.1 of this Agreement.

Event of Default. Shall have the meaning given to it in the applicable Loan Document.

Event of Default. (i) the first date on which the Monthly Installment Amounts corresponding to at least two Vesting Dates that have elapsed remain unpaid in full (i.e., not fully paid) (such unpaid amounts, "Default Amounts"); or (ii) Maker has instituted or consented to the institution of any proceeding under the United States Bankruptcy Code or under any other bankruptcy, reorganization or insolvency law or other law for the relief of debtors and affecting the rights of creditors generally from time to time in... effect, or any such proceeding is instituted without the consent of Maker and such proceeding continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or (iii) Maker has applied for or consented to the appointment of a receiver, trustee, intervenor, custodian or liquidator of it or all or a substantial part of its assets; or (iv) Maker has made a general assignment for the benefit of creditors; or (v) Maker has a receiver, trustee, intervenor, custodian or liquidator appointed in an involuntary proceeding for it or all or a substantial part of its assets and such proceeding continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding View More

Event of Default. Has the meaning provided in the Credit Agreement.

Event of Default. Any default or event of default described in Section 7 of the Credit Agreement and lapse of any applicable grace and/or cure periods.