an Authority Default Sample Clauses

An Authority Default clause defines what constitutes a default or failure by a regulatory or governmental authority that affects the parties' obligations under an agreement. Typically, this clause outlines scenarios such as the authority's inability to grant necessary approvals, revocation of licenses, or imposition of restrictions that prevent performance. By specifying these events, the clause clarifies when a party may be excused from performance or entitled to terminate the contract due to regulatory intervention, thereby allocating risk and providing certainty in situations involving government or regulatory action.
an Authority Default. Notwithstanding the above, the Concessionaire shall keep all unaffected parts of the Project open to Patients, provided that services can be provided safely.
an Authority Default. Notwithstanding the above, the Concessionaire shall keep all unaffected parts of the Hospital open to Patients provided that services can be provided safely.

Related to an Authority Default

  • Monetary Default Any failure by a Party to pay, deposit or deliver, when and as this Agreement requires, any amount of money, any bond or surety or evidence of any insurance coverage required to be provided under this Agreement, whether to or with a Party or a Third Person.