Default of Customer. The Customer commits an event of default if: (a) the Customer fails to comply with any obligation on its part contained in this Agreement and the failure, if capable of remedy, is not remedied to the satisfaction of CPC within 7 days after the Customer is given notice by CPC specifying the default in reasonable detail and requiring its remedy; (b) the Customer repeats a default in respect of which clause 15.1 (a) has previously been invoked; (c) the Customer becomes Insolvent; (d) the Manager fails to comply with any obligation on its part contained in this Agreement and the failure, if capable of remedy, is not remedied to the satisfaction of CPC within 7 days after the Manager is given notice by CPC specifying the default in reasonable detail and requiring its remedy; or (e) the Manager repeats a default in respect of which clause 15.1(d) has previously been invoked.
Appears in 2 contracts