This excerpt taken from the CVS 8-K filed Aug 15, 2006.
. Events of Default. Each of the following shall constitute an Event of Default with respect to each series of Debt Securities individually:
The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.
The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, an Officers Certificate of any Event of Default pursuant to clause 6.01(iii), clause 6.01(iv), clause 6.01(v), clause 6.01(vi), or clause 6.01(vii) and any event which with the giving of notice or the lapse of time would become an Event of Default, its status and what action the Company is taking or proposes to take in respect thereof.