Here,
events of default under a revolving credit facility in particular, can prove to be fatal for the company and its directors.
While CEA - backed debt is not backed by the full faith and credit of the State, and failure to appropriate will not constitute
an event of default under the CEA, to date there have been no such failures to, or delays in, appropriation.
The failure constitutes
an event of default under the notes.
That Collateral Account Agreement includes, among other important provisions, information on the security interest you have granted to the Bank in your Collateral Account and the Bank's rights against all funds in that Collateral Account in
the event of your Default under this Cardholder Agreement.
Any failure by Landsbanki to comply with a notice would constitute
an event of default under the agreement permitting Jefferies to terminate the agreement.
Not exact matches
If the amount available
under the Asset - Based Revolving Credit Facility is less than the greater
of (i) 12.5 %
of the lesser
of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an
event of default has occurred, cash collateralize letters
of credit.
If the amount available
under the Asset - Based Revolving Credit Facility is less than the greater
of 1) 12.5 %
of the lesser
of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an
event of default has occurred, cash collateralize letters
of credit.
The Fed
under Chairman Alan Greenspan lowered interest rates following the fabled
event of default and life continued.
Under each agreement between the Trustee and an Authorized Participant to establish an Authorized Participant Custody Account («Authorized Participant Custody Account Agreement»), the Trustee is not contractually or otherwise liable for any losses suffered by any Authorized Participant or Shareholder that are not the direct result of its own gross negligence, fraud or willful default in the performance of its duties under such agreement, and in no event will its liability exceed the market value of the Bitcoins in the Authorized Participant Custody Account at the time such gross negligence, fraud or willful default is discovered by the Tru
Under each agreement between the Trustee and an Authorized Participant to establish an Authorized Participant Custody Account («Authorized Participant Custody Account Agreement»), the Trustee is not contractually or otherwise liable for any losses suffered by any Authorized Participant or Shareholder that are not the direct result
of its own gross negligence, fraud or willful
default in the performance
of its duties
under such agreement, and in no event will its liability exceed the market value of the Bitcoins in the Authorized Participant Custody Account at the time such gross negligence, fraud or willful default is discovered by the Tru
under such agreement, and in no
event will its liability exceed the market value
of the Bitcoins in the Authorized Participant Custody Account at the time such gross negligence, fraud or willful
default is discovered by the Trustee.
Under the changed rules, loans that are not underwritten in accordance with FHA loan guidelines will not be insured by them — in other words, the lender that approves and funds the loan will have to eat its own losses in the
event of a
default.
Upon the occurrence
of any
event of default, or upon our termination
of any
of your rights
under this Agreement, we have the right to declare all
of your indebtedness due and payable at once.
You agree that this security interest, pledge, and assignment includes and gives the Bank the right to redeem, collect and withdraw any part
of the full amount
of the Collateral Account upon any
default under the Cardholder Agreement or in the
event your secured credit card account is terminated for any reason.
In the Market Lofts case, the shared facilities agreement specifically contemplated an unregistered lien arising in the
event of default in payment
of any amounts owing
under the agreement.
If the spouses want to handle their property division during marriage or in the
event of a dissolution, or death
of a spouse differently than the
default under the current state law, a prenuptial agreement might be an appropriate option for achieving the desired result.
«When the death
of a person is caused by the wrongful act, negligence,
default, or breach
of contract or warranty
of any person, including those occurring on navigable waters, and the
event would have entitled the person injured to maintain an action and recover damages if death had not ensued, the person or watercraft that would have been liable in damages if death had not ensued shall be liable for damages as specified in this act notwithstanding the death
of the person injured, although death was caused
under circumstances constituting a felony.»
In the drop down menu
under «Alexa will add new
events to this calendar:» select which
of your iCloud calendars you want Alexa to use by
default for any commands that add
events.
In the
event of a buyer's
default on a sales contract, sellers are entitled —
under certain circumstances — to monetary compensation.