Event of Default

Event of Default. Shall mean the occurrence of any one or more of the following events: i. Failure of Maker to make any payment due on this Note in a timely manner; or ii. Maker shall fail to perform or observe any term, covenant or agreement on its part to be performed or observed in this Note and such failure shall continue unremedied or shall not be waived for a period of ten (10) Business Days after written notice thereof from Payee to Maker; or iii. If Maker shall admit in writing its inability to pay such... debts generally, or shall make a general assignment for the benefit of creditors or Maker becomes insolvent (however defined or evidenced) or makes an assignment for the benefit of creditors; or iv. If there shall be filed by or against Maker any petition for any relief under the bankruptcy laws of the United States now or hereafter in effect or any proceeding shall be commenced with respect to Maker under any insolvency, readjustment of debt, reorganization, dissolution, liquidation or similar law or statute of any jurisdiction now or hereafter in effect (whether at law or in equity), provided that in the case of any involuntary filing or the commencement of any involuntary proceeding against Maker and such proceeding or petition shall have continued undismissed and unvacated for at least 30 days; or v. If any petition or application to any court or tribunal, at law or in equity, shall be filed by or against Maker for the appointment of any receiver or trustee for Maker or any material part of the property of Maker, provided that in the case of any involuntary filing against Maker, such proceeding or appointment shall have continued undismissed and unvacated for at least thirty (30) days; or vi. Any representation or warranty made by Maker in this Note or by any of its officers in a writing furnished in connection with this Note, which are false in any material respect on the date made. View More

Event of Default. The failure of either of the Pledgors to pay any Secured Obligations within five (5) business days of written notice from Secured Party for the requirement of such payment.

Event of Default. (a) The failure of the Company to pay any Indebtedness for Borrowed Money, or any interest or premium thereon, within five (5) days after the same shall become due, whether such Indebtedness shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise, (b) an event of default under any agreement or instrument evidencing or securing or relating to any such Indebtedness, or (c) the failure of the Company to perform or observe any material term, covenant,... agreement or condition on its part to be performed or observed under any agreement or instrument evidencing or securing or relating to any such Indebtedness when such term, covenant or agreement is required to be performed or observed. View More

Event of Default. The meaning given to it in Section 11 hereof and the Loan Agreement and includes but is not limited to a failure by the Borrower to comply with any term or condition of this Note or any other Loan Document.

Event of Default. Means any Event of Default set forth in Section 3 of the Marin Note or Section 3 of the other Promissory Notes.

Event of Default. The meaning given to such term in the Lease.

Event of Default. Shall have the meaning ascribed in the Financing Agreement.

Event of Default. As defined in each Note.

Event of Default. Means the occurrence of an event of default under Section 4.1(xviii) of the Note, provided that for purposes of this Agreement only, the Company shall have a period of ninety (90) days following its receipt of written notice (the "Cure Period") from Lender to cure an event of default under Section 4.1(xviii) of the Note. If the Company is able to cure such event of default within the Cure Period, then no event of default shall be deemed to have occurred for purposes of this Agreement.

Event of Default. An Event of Default as defined in Paragraph 22(a)