Event of Default

Event of Default. Shall mean an "Event of Default" or similar term as such term is defined in the Indenture or any Pari Passu Lien Document, so long as any such agreement is in effect.

Event of Default. The meaning assigned to it in the Credit Agreement.

Event of Default. Means the occurrence of any of the following events: (a) the occurrence of an Event of Default under, and as defined in, the Note; (b) any representation or warranty of Grantor in this Agreement shall prove to have been incorrect in any material respect when made; (c) the failure by Grantor to observe or perform any of its obligations hereunder for five (5) days after delivery to Grantor of notice of such failure by or on behalf of the Secured Party; or (d) if any provision of this Agreement... shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by Grantor, or a proceeding shall be commenced by Grantor, or by any governmental authority having jurisdiction over Grantor, seeking to establish the invalidity or unenforceability thereof, or Grantor shall deny that Grantor has any liability or obligation purported to be created under this Agreement. View More

Event of Default. Any event or circumstance listed in clause 10.1 to clause 10.18

Event of Default. Shall have the meaning ascribed thereto in the Note.

Event of Default. Any failure to pay when due any sum hereunder shall constitute an "Event of Default" under this Note and under the Security Instrument and each other Loan Document, and any Event of Default under any Loan Document shall constitute an Event of Default hereunder and under each other Loan Document

Event of Default. Any event specified in the Event of Default heading below.

Event of Default. Shall mean the occurrence of any one or more of the following events: (i) default of any liability, obligation, covenant or undertaking of the Pledgor or any guarantor of the Obligations to the Bank, hereunder or otherwise, including, without limitation, failure to pay in full and when due any installment of principal or interest or default of the Pledgor or any guarantor of the Obligations under any other Loan Document or any other agreement with the Bank; (ii) failure of the Pledgor or any... guarantor of the Obligations to maintain aggregate collateral security value satisfactory to the Bank in the good faith exercise of its business judgment; (iii) default of any material liability, obligation or undertaking of the Pledgor or any guarantor of the Obligations to any other party in aggregate principal amount in excess of $500,000, and the effect of such default is to permit the holder of such obligation to accelerate the payment thereof; (iv) if any statement, representation or warranty heretofore, now or hereafter made by the Pledger or any guarantor of the Obligations in connection with this Agreement or in any supporting financial statement of the Pledgor or any guarantor of the Obligations shall be determined by the Bank to have been false or misleading in any material respect when made; (v) if the Pledger or any guarantor of the Obligations is a corporation, trust, partnership or limited liability company, the liquidation, termination or dissolution of any such organization, or the merger or consolidation of such organization into another entity, or the division of such organization into one or more entities, or its ceasing to carry on actively its present business or the appointment of a receiver for its property; (vi) the death of the Pledger or any guarantor of the Obligations and, if the Pledger or any guarantor of the Obligations is a partnership or limited liability company, the death or judicial declaration of incompetence of any partner or member; (vii) the institution by or against the Pledger or any guarantor of the Obligations of any proceedings under the Bankruptcy Code 11 USC §101 et seq. or any other law in which the Pledgor or any guarantor of the Obligations is alleged to be insolvent or unable to pay its debts as they mature, or the making by the Pledger or any guarantor of the Obligations of an assignment for the benefit of creditors or the granting by the Pledger or any guarantor of the Obligations of a trust mortgage for the benefit of creditors (each of the foregoing in this subclause, an Insolvency Default); (viii) the service upon the Bank of a writ in which the Bank is named as trustee of the Pledger or any guarantor of the Obligations; (ix) a judgment or judgments for the payment of money shall be rendered against the Pledger or any guarantor of the Obligations in aggregate principal amount in excess of $500,000; (x), and any such judgment shall remain unsatisfied and in effect for any period of thirty (30) consecutive days without a stay of execution; (xi) any levy, lien (including mechanics lien), seizure, attachment execution or similar process shall be issued or levied on any of the property of the Pledger or any guarantor of the Obligations; (xii) the termination or revocation of any guaranty of the Obligations View More

Event of Default. The meanings set forth in the Note.

Event of Default. The occurrence of any "Event of Default" under and as defined in each of the Initial SPA, the Initial Note, the Second SPA, the Second Note, the Third SPA and the Third Note, or the failure of the Company to comply with any term or covenant of any Transaction Document (including this Agreement) to which it is a party.