Event of Default

Event of Default. As used herein means any Event of Default described or listed in the Credit Agreement, including the failure of Borrower to pay or perform any of the Obligations within the applicable cure period after such Obligations are due to be paid or performed.

Event of Default. Shall occur upon the default under this Agreement or the Note

Event of Default. Shall mean the occurrence of any one or more of the following events: i. Failure of Makers to pay any installment of principal, interest, or fees on this Note in a timely manner or on any other indebtedness of Makers to Payee when due under this Note, or failure to make payments on the Credit Card Debt as set forth herein ; or ii. Makers shall fail to perform or observe any term, covenant or agreement on its part to be performed or observed in this Note (other than any such term, covenant or... agreement specified in clause (i), immediately above) 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 Makers; or iii. If any Maker or any of its affiliates party to the Security Agreement (collectively with the Makers, the "Obligors") shall admit in writing its inability to pay such debts generally, other than going concern language in Makers' SEC filings of Forms 10-K or 10-Q, or shall make a general assignment for the benefit of creditors or any Obligor shall become insolvent (however defined or evidenced) or makes an assignment for the benefit of creditors; or iv. If there shall be filed by or against any Obligor a 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 any Obligor 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 any Obligor and such proceeding or petition shall have continued undismissed and unvacated for at least sixty (60) days; or v. If any petition or application to any court or tribunal, at law or in equity, shall be filed by or against any Obligor for the appointment of any receiver or trustee for any Obligor or any material part of the property of any Obligor, provided that in the case of any involuntary filing against any Obligor, such proceeding or appointment shall have continued undismissed and unvacated for at least sixty (60) days; or vi. The occurrence of a default or event of default under the Security Agreement securing this Note after any applicable cure periods set forth in such Security Agreement; or vii. Any lien, security interest, or obligation granted by Black Diamond or its affiliates under the Security Agreement shall, in any material manner, be avoided, terminated, revoked or declared void or invalid, or lose its applicable priority or perfected status; or viii. Makers, or its affiliates, or any one of them, does not preserve, or protect, or maintain, or account to Payee's satisfaction for, any of the Collateral or its proceeds; or ix. Any representation or warranty made by Makers or any of their subsidiaries or affiliates in this Note or the Security Agreement, or by any of their officers in a writing furnished in connection with this Note or the Security Agreement, which are false in any material respect on the date made; or x. Makers, or either of them, may not change its business structure through merger, acquisition or other corporate action, into a non-operating entity such as a public shell, without Lender's prior written consent; xi. Any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration, or governmental investigation or proceeding) which could reasonably be expected to materially and adversely affect (a) the financial condition or operation of any Obligor, (b) the ability of any Obligor to perform their material obligations under this Note or the Security Agreement, or any writing executed pursuant thereto, (c) the validity or enforceability of the material obligations of any Obligor under this Note or the Security Agreement, or any writing executed pursuant thereto, (d) the rights and remedies of the Payee against any Obligor with respect to the Obligations (as defined in the Security Agreement), or (e) the timely payment of the principal of and interest on this Note or other amounts payable by the Makers hereunder; xii. Failure to maintain the vehicles or perform inspections or deliver inspection reports, as required by the Security Agreement or this Note. View More

Event of Default. Shall have the meaning set forth in the applicable Note or Additional Note.

Event of Default. An event or circumstance specified as such in Section 6 (Default) herein provided that in each case an Event of Default shall occur only after the expiration of any applicable cure period as set forth in Section 6 (Default) (if any) and the Default is continuing.

Event of Default. Any failure to pay any of the Obligations when due.

Event of Default. Means the failure by the Company to make a payment that becomes due and owing under the Note within fifteen days after receipt by the Company from the Secured Party of such payment being overdue pursuant to the terms of the Note.

Event of Default. Means any event defined as "Events of Default" in the CCBs; provided that all processes and requirements for sending of notice, lapse of grace period, or both, have been met.

Event of Default. The meaning under the definition of "Evento de Inadimplemento" in the CCBs.

Event of Default. (c) "Event of Default" has the meaning set forth in the Secured Notes.