By Default Sample Clauses
The "by default" clause establishes the standard or automatic position that applies in the absence of a specific agreement to the contrary. In practice, this means that unless the parties expressly agree otherwise, the default rule or procedure will govern the situation. For example, a contract might state that payment is due within 30 days by default, unless another timeline is specified. This clause ensures clarity and predictability by providing a fallback rule, thereby preventing ambiguity when the parties have not addressed a particular issue.
By Default. Upon the occurrence of an event of Default, the non- Defaulting Party shall be entitled to immediately terminate this Agreement.
By Default. 8.2.1 Immediately upon either party being notified by the other of any material breach of this agreement.
8.2.2 If any party goes into liquidation or part of the undertaking thereof.
8.2.3 If either party ceases to trade whether in whole in part.
8.2.4 If applicant organization does not respond/resolve issues raised by the SAB/SCB/Test Lab/Lead Assessor within a period of three months. This time limit may be extended based on reasonable justification on case to case basis with the approval of Head, SAB/SCB.
By Default. 8.2.1 Immediately upon either party being notified by the other of any material breach of this agreement.
8.2.2 If any party goes into liquidation or part of the undertaking thereof.
8.2.3 If either party ceases to trade whether in whole in part.
By Default. The Vendor may terminate this agreement with 14 days notice if the Purchaser fails to meet any specified milestone with respect to development of the project or payment of royalties as outlined in Schedule A or Schedule B. Upon a default by the Purchaser any development of the project completed or in progress will revert back to the Vendor as penalty for the default. Extensions may be granted by the Vendor at the discretion of the Vendor in the amount of 30 days per extension. Upon such a default, ownership of the technology will revert back to the Vendor with out any requirement to refund any monies paid to it hereunder.
By Default a) Immediately upon either party being notified by the other of any material breach of the Agreement, including those conditions detailed in the applicable PRO-1, F-81, and/or PRO-11.
b) If Organization ceases its business operations whether in whole or in part.
By Default. Should either party default in the performance of any of the terms or conditions of this Agreement, the other party shall deliver (personally or by certified mail) to the defaulting party written notice thereof specifying the matters in default. The defaulting party shall have ten (10) calendar days after its receipt of the written notice to cure such default. If the defaulting party fails to cure the default within such ten day period, this Agreement shall be terminated at 11:59 p.m. on the tenth day after receipt of the notice by the defaulting party.
By Default. Immediately upon either party being notified in writing by the other of any material breach of this Contract and the material breach not being remedied within fourteen (14) days from the date of receipt of said notification.
By Default. If the borrower does not fulfill any of the terms of this Agreement; or C.)
By Default. Either Party may terminate this Agreement in accordance with Paragraph 5.
By Default. In the event of a defect, the lessor can notify in writing the defect to the tenant. Specify the number of days in advance if the defect is due to the fact that the tenant does not pay his rent in time. Also indicate the required notice period if the reason for the defect is other than the timely payment of the rent. Action 22. Enter information on option 26. Call option. If you want to buy, indicate whether the lessor/seller and the tenant/buyer agree on the purchase price. If yes, please indicate the price. 27. Duration of the option. Specify the start and end dates of the option period. 28.