Log in Sign up for free
Contract definitions library

Events of Default definition: Copy, customize, and use instantly

Introduction

The term "Events of Default" refers to specific conditions or occurrences defined within an agreement or contract that trigger the default provisions, allowing one party to take corrective actions or terminate the contract. These events typically include failure to make payments, breach of contract, or insolvency, and are included in many contracts, particularly in financial, loan, or lease agreements, to protect parties from risk.

Below are various examples of how "Events of Default" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

Definition of "Events of Default" as conditions that trigger a breach of contract or termination rights

This definition ties "Events of Default" to breach of contract.

"Events of Default" refers to specific conditions or occurrences within a contract that trigger a breach of agreement, allowing the non-defaulting party to exercise termination rights or other remedies specified in the agreement.

Definition of "Events of Default" as situations where a party fails to meet obligations under the agreement

This definition connects "Events of Default" to failure to meet obligations.

"Events of Default" means situations where one party fails to meet its obligations under the agreement, such as failing to make required payments, deliver goods, or perform other terms stipulated in the contract.

This definition links "Events of Default" to corrective or legal action.

"Events of Default" refers to occurrences specified in the agreement that allow the non-defaulting party to take corrective or legal action, such as demanding payment, enforcing the agreement, or seeking termination.

Definition of "Events of Default" as specified breaches or failures that result in contract termination rights

This definition ties "Events of Default" to contract termination.

"Events of Default" refers to specified breaches or failures to perform key obligations that result in the right to terminate the contract or demand remedies under the agreement.

Definition of "Events of Default" as instances where a party fails to comply with the agreed terms or conditions of the contract

This definition connects "Events of Default" to non-compliance.

"Events of Default" refers to instances where a party fails to comply with the agreed terms or conditions of the contract, such as missing payment deadlines, failing to maintain certain covenants, or becoming insolvent.

Definition of "Events of Default" as circumstances that allow one party to enforce remedies such as acceleration or termination

This definition links "Events of Default" to enforcement of remedies.

"Events of Default" means circumstances specified in the contract that allow one party to enforce remedies, such as accelerating payment obligations or terminating the agreement if certain conditions are met.

Definition of "Events of Default" as breaches of contract that result in specific consequences under the agreement

This definition ties "Events of Default" to specific consequences.

"Events of Default" refers to breaches of contract that result in specific consequences, such as the right to terminate the agreement, demand immediate payment, or seek damages, as set forth in the contract.

Definition of "Events of Default" as failure to meet key contractual obligations that may trigger enforcement actions

This definition connects "Events of Default" to enforcement actions.

"Events of Default" refers to the failure to meet key contractual obligations, such as timely payments or performance under the terms of the agreement, which may trigger enforcement actions or remedies available to the non-defaulting party.

Definition of "Events of Default" as specific actions or inactions that result in an automatic right to terminate the agreement

This definition links "Events of Default" to automatic termination rights.

"Events of Default" means specific actions or inactions by one party that result in an automatic right for the non-defaulting party to terminate the agreement, often related to failure to perform essential terms of the contract.

This definition ties "Events of Default" to legal recourse.

"Events of Default" refers to specific triggers in a contract that allow for legal recourse, including actions like liquidation of assets, acceleration of payment obligations, or taking other legal steps to enforce the terms of the agreement.

Definition of "Events of Default" as occurrences that allow a party to exercise remedies, such as suspension or termination

This definition connects "Events of Default" to remedies.

"Events of Default" refers to occurrences specified in the agreement that allow a party to exercise remedies, such as suspension of performance, acceleration of payments, or termination of the contract.

Definition of "Events of Default" as actions or failures that create an immediate right to take corrective or punitive measures

This definition ties "Events of Default" to corrective and punitive measures.

"Events of Default" means actions or failures by a party that create an immediate right for the non-defaulting party to take corrective or punitive measures, such as imposing fines, accelerating payments, or initiating legal action.

Definition of "Events of Default" as specific conditions under which the non-defaulting party may seek judicial intervention

This definition links "Events of Default" to judicial intervention.

"Events of Default" refers to specific conditions under which the non-defaulting party may seek judicial intervention, such as filing a lawsuit or requesting a court order to enforce the agreement.

Definition of "Events of Default" as a failure to meet financial or performance obligations that may result in contract enforcement actions

This definition ties "Events of Default" to financial and performance obligations.

"Events of Default" refers to a failure to meet financial or performance obligations under the contract, such as missing payment deadlines or failing to meet delivery terms, which may result in contract enforcement actions.

Definition of "Events of Default" as circumstances where a party’s actions lead to a material breach of the agreement

This definition connects "Events of Default" to material breach.

"Events of Default" refers to circumstances where a party’s actions lead to a material breach of the agreement, such as failing to fulfill critical terms, which can trigger penalties or termination rights.

Definition of "Events of Default" as defaults caused by insolvency, bankruptcy, or failure to meet key obligations

This definition links "Events of Default" to insolvency and bankruptcy.

"Events of Default" refers to defaults caused by insolvency, bankruptcy, or failure to meet key obligations, such as non-payment of debts or failure to comply with contractual covenants, leading to possible enforcement actions.

Definition of "Events of Default" as events that affect the ability to perform or fulfill contractual duties as agreed

This definition ties "Events of Default" to inability to perform.

"Events of Default" refers to events that affect the ability of a party to perform or fulfill their contractual duties as agreed, such as a material loss of assets or a breach of critical obligations that prevent continued performance.

Definition of "Events of Default" as violations of key provisions within the agreement, allowing the other party to demand corrective action

This definition links "Events of Default" to violations and corrective action.

"Events of Default" means violations of key provisions within the agreement, such as failing to maintain certain covenants, that allow the other party to demand corrective action or seek remedies as outlined in the contract.

Definition of "Events of Default" as breaches of essential terms that result in the forfeiture of rights or contractual benefits

This definition connects "Events of Default" to forfeiture of rights.

"Events of Default" refers to breaches of essential terms that result in the forfeiture of rights or contractual benefits, such as losing access to certain contractual protections or termination of special privileges within the agreement.

Definition of "Events of Default" as breaches that trigger automatic or manual enforcement mechanisms according to contract terms

This definition ties "Events of Default" to enforcement mechanisms.

"Events of Default" refers to breaches that trigger automatic or manual enforcement mechanisms, such as the activation of security interests, acceleration of payment obligations, or the initiation of legal proceedings, in accordance with the terms of the contract.

Definition of "Events of Default" as occurrences that enable the non-defaulting party to seek remedies such as compensation or damages

This definition ties "Events of Default" to seeking remedies.

"Events of Default" refers to occurrences specified in the contract that enable the non-defaulting party to seek remedies, such as compensation or damages, due to the failure of the other party to meet their contractual obligations.

Definition of "Events of Default" as specific breaches of contract that trigger the right to enforce contract provisions or penalties

This definition connects "Events of Default" to contract enforcement.

"Events of Default" means specific breaches of contract, such as failure to deliver goods or make payments on time, that trigger the right to enforce contract provisions or penalties, including terminating the agreement or accelerating payments.

Definition of "Events of Default" as conditions under which a party can suspend its obligations or seek termination of the contract

This definition links "Events of Default" to suspension and termination.

"Events of Default" refers to conditions under which a party can suspend its obligations or seek termination of the contract, such as when the other party fails to perform or violates material terms of the agreement.

This definition ties "Events of Default" to full performance or payment.

"Events of Default" refers to situations that create the legal right to demand full performance or payment from the defaulting party, such as when payment deadlines are missed or critical obligations are not met.

Definition of "Events of Default" as conditions that result in the imposition of default penalties or the triggering of default clauses

This definition connects "Events of Default" to default penalties.

"Events of Default" means conditions, such as missed payments or failure to meet contractual obligations, that result in the imposition of default penalties or the triggering of default clauses, which allow the non-defaulting party to enforce remedies.

This definition ties "Events of Default" to breach of contract.

"Events of Default" refers to instances when a party's non-performance or violation of key provisions justifies a legal claim for breach of contract, allowing the injured party to pursue remedies such as damages or contract termination.

Definition of "Events of Default" as the failure of one party to meet essential conditions or obligations specified in the agreement

This definition links "Events of Default" to failure to meet obligations.

"Events of Default" refers to the failure of one party to meet essential conditions or obligations specified in the agreement, which could include non-payment, failure to deliver goods, or a violation of critical clauses.

Definition of "Events of Default" as breaches of key terms that may lead to the acceleration of debt or other consequences as outlined in the contract

This definition ties "Events of Default" to acceleration of debt.

"Events of Default" refers to breaches of key terms, such as non-payment or misrepresentation, that may lead to the acceleration of debt or other consequences, as outlined in the contract, such as defaulting party being required to pay immediately.

This definition connects "Events of Default" to legal action.

"Events of Default" refers to conditions that provide the right to pursue legal action, allowing the non-defaulting party to enforce the contract’s terms, recover damages, or seek specific performance based on the default.

Definition of "Events of Default" as specific instances of non-compliance that activate default provisions, including penalties or contract renegotiation

This definition ties "Events of Default" to non-compliance and penalties.

"Events of Default" means specific instances of non-compliance, such as late payments or failure to fulfill obligations, that activate default provisions, including penalties, acceleration of payments, or even renegotiation of terms.

Definition of "Events of Default" as conditions that trigger the immediate right to terminate the agreement and demand compensation

This definition ties "Events of Default" to termination and compensation.

"Events of Default" refers to conditions that trigger the immediate right of the non-defaulting party to terminate the agreement and demand compensation for any damages caused by the breach of contract.

Definition of "Events of Default" as actions or omissions that cause a party to fail in meeting the agreed terms or conditions

This definition connects "Events of Default" to failure to meet terms.

"Events of Default" means actions or omissions that cause a party to fail in meeting the agreed terms or conditions of the contract, including failure to deliver goods, make payments, or perform obligations as stipulated in the agreement.

Definition of "Events of Default" as breaches that cause financial harm and enable the non-defaulting party to take enforcement action

This definition links "Events of Default" to financial harm and enforcement.

"Events of Default" refers to breaches that cause financial harm to one party, enabling the non-defaulting party to take enforcement action, such as seeking payment, pursuing legal remedies, or invoking termination clauses.

Definition of "Events of Default" as violations of material provisions that result in the automatic acceleration of payments

This definition ties "Events of Default" to acceleration of payments.

"Events of Default" means violations of material provisions, such as missing payment deadlines or breaching critical contractual clauses, that result in the automatic acceleration of payments or other obligations under the contract.

Definition of "Events of Default" as specific breaches that invoke the right to invoke a default remedy, such as repossession or liquidation

This definition connects "Events of Default" to default remedies.

"Events of Default" refers to specific breaches that invoke the right to invoke a default remedy, such as repossession of assets, liquidation of collateral, or other corrective actions outlined in the agreement.

Definition of "Events of Default" as circumstances where one party’s non-performance allows the other to cancel the contract and demand damages

This definition links "Events of Default" to cancellation and damages.

"Events of Default" refers to circumstances where one party’s non-performance allows the other party to cancel the contract and demand damages, including financial compensation for any losses suffered due to the breach.

Definition of "Events of Default" as failure to perform essential obligations, allowing the other party to enforce rights or seek remedies

This definition ties "Events of Default" to failure to perform essential obligations.

"Events of Default" refers to the failure to perform essential obligations under the contract, which allows the other party to enforce their rights or seek remedies such as financial compensation, specific performance, or contract termination.

Definition of "Events of Default" as specific situations in which a party’s inability to perform leads to the enforcement of contract terms

This definition connects "Events of Default" to enforcement of contract terms.

"Events of Default" means specific situations in which a party’s inability to perform leads to the enforcement of contract terms, including the right to seek compensation or demand fulfillment of obligations by the defaulting party.

This definition links "Events of Default" to legal action.

"Events of Default" refers to violations of the agreement that provide the non-defaulting party the ability to pursue legal action for breach of contract, which may include seeking damages or asking for specific performance.

Definition of "Events of Default" as actions or inactions by a party that cause the agreement to be voided or renegotiated

This definition ties "Events of Default" to voiding or renegotiating agreements.

"Events of Default" refers to actions or inactions by a party that cause the agreement to be voided or renegotiated, often due to breaches that fundamentally alter the terms or performance expectations under the contract.

This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

Last updated