Event(s) of Default

Event(s) of Default. Shall have the meaning set forth in Paragraph 15.

Event(s) of Default. Each of the following (individually, an "Event of Default" and collectively, the "Events of Default") shall constitute an event of default under this Agreement: (a) The appointment of a receiver or trustee of the Borrower or insolvency of the Borrower or its liquidation, bankruptcy, making an assignment for the benefit of creditors or reorganization, whether or not pursuant to bankruptcy laws, or any other marshalling of the... assets and liabilities of the Borrower; (b) A default in the payment of any installment of interest upon, or principal of, any Note (as hereinafter defined) within five (5) Business Days of when such payment is due and payable, whether at the maturity or otherwise; and (c) The Borrower breaches or violates the terms of this Agreement. View More

Event(s) of Default. Shall mean the occurrence of any one or more of the following events: i. Failure to make prompt payment when due, of any payment due on any of the Indebtedness to Lender, or failure to promptly perform any covenant, promise or agreement contained in this Agreement or in the Note, or in any of the Other Agreements; ii. If any representation, warranty or other information made or furnished to Lender shall be false or incorrect; iii. If any Borrower shall make a... general assignment for the benefit of creditors, or shall state in writing or by public announcement its inability to pay its debts as they become due, or shall file a petition in bankruptcy, or shall be adjudicated a bankrupt, or insolvent, of shall file a petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, or shall file an answer admitting or not contesting the material allegations of a petition against it in any such proceeding, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of such Borrower, or any material portion of its assets; iv. If any proceeding is commenced by or against any Borrower seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulations, or if, any trustee, receiver or liquidator of any Borrower or any material portions of its respective assets are appointed; v. The filing or assertion of any suit or claim against any Borrower, or the occurrence of any other event or circumstance, which in the reasonable exercise of Lender's judgment may have a Material Adverse Effect, except any suit or claim disclosed in the 2001 Form 10-K (defined below); -2- vi. Dissolution, merger or consolidation of any Borrower, or sale, transfer, lease or other disposition of substantially all of the assets of any Borrower other than in the ordinary course of business or any sale of assets to Lender; vii. If in the reasonable exercise of its judgment, Lender deems itself insecure; viii. The making of any levy, seizure, or attachment upon the Collateral or if any Lien is granted or imposed upon the Collateral other than the Lien created under this Agreement; ix. Any claim or action is brought against Lender arising out of the transactions in this Agreement; x. Failure to fully comply with the requirements of any governmental agency or authority within thirty (30) days after notice of such requirements, if, in the reasonable exercise of Lender's judgment such failure to comply will have a Material Adverse Effect; or xi. The direct or indirect use of Proceeds for any purpose other than as specified herein. View More

Event(s) of Default. Shall mean the occurrence of an "Event of Default" pursuant to the Loan Agreement or a default, beyond applicable notice and cure periods, in any other Loan Document. 8

Event(s) of Default. Shall mean each of the following: (i) any representation or warranty made by a Party in the Transaction Documents which was incorrect in any respect when made and that could reasonably be expected to have a material adverse effect upon the other Party's ability to realize the benefits of the Transaction Documents; (ii) a material breach of the Transaction Documents that is capable of being cured on commercially reasonable terms within thirty (30) days, which breach is not cured within... thirty (30) days after notice of breach to the breaching Party, or (iii) a material breach of the Transaction Documents that is not capable of being cured within thirty (30) days and the breaching Party fails to (a) proceed promptly and diligently after written notice to correct the breach, (b) develop within fifteen (15) days following written notice of breach a complete plan for curing the breach, and (c) cure the breach within sixty (60) days of notice thereof. View More

Event(s) of Default. Shall have the meaning ascribed thereto in ss. 7 hereof.

Event(s) of Default. Are: (a) the failure to pay interest on any Notes when the same becomes due and payable and the default continues for a period of 30 days (whether or not such payment shall be prohibited by Article 10); (b) the failure to pay the principal on any Notes when such principal becomes due and payable, at maturity, upon redemption or otherwise (including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer on the date specified for... such payment in the applicable offer to purchase) (whether or not such payment shall be prohibited by Article 10); (c) a default in the observance or performance of any other covenant or agreement contained herein if the default continues for a period of 30 days after the Company receives written notice specifying the default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes; or (d) any Guarantee of a Significant Subsidiary ceases to be in full force and effect or any Guarantee of a Significant Subsidiary is declared to be null and void and unenforceable or any Guarantee of a Significant Subsidiary is found to be invalid or any Guarantor that is a Significant Subsidiary denies its liability under its Guarantee (other than by reason of release of a Guarantor in accordance with the terms of this Indenture). View More

Event(s) of Default. Means any of (i) the failure to make any payment of principal of any advance hereunder when due, (ii) the failure to make any payment of interest on any advance hereunder or of fees hereunder within three days after the date when due, (iii) the failure to observe any covenants contained herein, (iv) any representation or warranty made by the Borrower hereunder shall prove untrue in any material respect, (v) (A) the guaranty given by any ... Person in respect of the advances hereunder (each a "Guarantor") or any provision thereof shall cease to be in full force and effect, (B) any Guarantor or any Person acting by or on behalf of a Guarantor shall deny or disaffirm such Guarantor's obligations under such guaranty or (C) any Guarantor shall fail to perform or observe any term, covenant or agreement under such guaranty, and (vi) the occurrence of an Event of Default (as defined in the Credit Agreement) under the Credit Agreement. View More

Event(s) of Default. Shall have the meaning ascribed to it in the Notes

Event(s) of Default. Means the occurrence of one or more of the following described events: (a) the Optionee shall default in the payment of (i) interest on the Purchase Note within five (5) days of its due date or (ii) principal on the Purchase Note within five (5) days of its due date, whether at maturity, upon any scheduled payment date or by acceleration or otherwise; (b) the aggregate amount due under the Purchase Note and all Other Purchase Notes shall, at any time, exceed 105% of the aggregate Collateral... Value of all of the Collateral posted under this Agreement under all Other Stock Option Exercise Agreements; or (c) an Event of Default shall exist under any Other Stock Option Exercise Agreement View More