Consequences of Events of Default and Corrective Action Clause Samples

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Province may, at any time, take one or more of the following actions:

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Province may, at any time, and at its sole discretion, take one or more of the following actions: (a) initiate any action the Province considers necessary in order to facilitate the successful continuation or completion of any Project; (b) provide the Recipient with an opportunity to remedy the Event of Default; (c) suspend the payment of Funds for such period as the Province determines appropriate;

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Province may, at any time, take one or more of the following actions: (a) provide the Recipient with an opportunity to remedy the Event of Default; (b) demand from the Recipient the payment of any Funds remaining in the possession or under the control of the Recipient; (c) demand from the Recipient the payment of an amount equal to any Funds the Recipient used, but did not use in accordance with the Agreement; (d) demand from the Recipient the payment of an amount equal to any Funds the Province provided to the Recipient; (e) demand from the Recipient the payment of an amount equal to the costs the Province incurred or incurs to enforce its rights under the Agreement, including the costs of any Record Review and the costs it incurs to collect any amounts the Recipient owes to the Province; and (f) terminate the Agreement at any time, including immediately, without liability, penalty or costs to the Province upon giving Notice to the Recipient.

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Ministry may, at any time, take one or more of the following actions: (a) initiate any action the Ministry considers necessary in order to facilitate the successful continuation or completion of the Project; (b) provide the Recipient with an opportunity to remedy the Event of Default; (c) suspend the payment of Funds for such period as the Ministry determines appropriate; (d) reduce the amount of the Funds; (e) cancel all further instalments of Funds; (f) demand the repayment of any Funds remaining in the possession or under the control of the Recipient; (g) demand the repayment of an amount equal to any Funds the Recipient used, but did not use in accordance with the Agreement; (h) demand the repayment of an amount equal to any Funds the Ministry provided to the Recipient; and/or (i) terminate the Agreement at any time, including immediately, upon giving Notice to the Recipient.

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Province may, at any time, take one or more of the following actions: (a) initiate action the Province reasonably considers necessary in order to facilitate the successful continuation or completion of the MLM Phase 2; (b) provide the Participant with an opportunity to remedy the Event of Default; and

Consequences of Events of Default and Corrective Action. If an Event of Default occurs,

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, MHO may, at any time, take one or more of the following actions:

Consequences of Events of Default and Corrective Action. If an Event of Default oc- curs and the UTM/DDA does not remedy the Event of Default the Province may, at any time, take one or more of the following actions: (a) initiate any action the Province considers necessary in order to facilitate the suc- cessful continuation or completion of the UTM/DDA’s obligations under this Agreement; (b) suspend, reduce or cancel the payment of the Grant for such period as the Prov- ince determines appropriate; (c) demand the repayment of an amount equal to any Grant the UTM/DDA used for purposes not agreed upon by the Province; (d) terminate the Agreement at any time, including immediately, upon giving Notice to the UTM/DDA.

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, HSC may, at any time, take one or more of the following actions: (a) initiate any action HSC considers necessary in order to facilitate the successful continuation or completion of the Program; (b) provide the Service Manager with an opportunity to remedy the Event of Default; (c) suspend the payment of Funds for such period as HSC determines appropriate; (d) reduce the amount of the Funds or Maximum Funds; (e) cancel all further instalments of Funds; (f) demand the repayment of any Funds, or an amount equal to the interest earned, remaining in the possession or under the control of the Service Manager; (g) demand the repayment of an amount equal to any Funds and interest earned, the Service Manager used, but did not use in accordance with the Agreement; (h) demand the repayment of an amount equal to any Funds, HSC provided to the Service Manager and only interest earned; (i) terminate the Agreement at any time, including immediately, without liability, penalty or costs to HSC upon giving Notice to the Service Manager; and (j) demand the repayment of an amount equal to, at the discretion of the HSC, either the interest earned on the amount demanded under subsection (f), (g) or (h), or the interest imputed to be earned on such amount based on the then current interest rate charged by the Province of Ontario on accounts receivable, calculated from the date of the Event of Default.