MCC Event of Default

Example Definitions of "MCC Event of Default"
MCC Event of Default. Any one of the following events (whatever the reason for such MCC Event of Default and without regard to whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any Governmental Entity): (i) failure on the part of MCC to remit to the Lockbox Account any monies received by MCC and required to be remitted to the Lockbox Account by this Agreement, in the manner and by the date... required by this Agreement, which failure continues unremedied for a period of 15 days from the date of receipt of such monies by MCC; (ii) a default on the part of MCC (other than due to any reason specified in Section 19(h) below) in its observance or performance in any material respect of certain covenants or agreements in this Agreement which failure continues unremedied for a period of 30 days after notice is given to MCC by Purchaser; (iii) if any representation or warranty of MCC made in this Agreement shall prove to be incorrect in any material respect as of the time made; or (iv) an Event of Bankruptcy in respect of MCC View More
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