Default Upon Non-Compliance Sample Clauses

The "Default upon Non-Compliance" clause establishes that a party will be considered in default if they fail to meet specific obligations outlined in the agreement. Typically, this clause details what constitutes non-compliance, such as missing payments, failing to deliver goods or services, or breaching confidentiality requirements. By clearly defining what actions or omissions trigger a default, the clause provides a mechanism for the non-breaching party to seek remedies or terminate the contract, thereby protecting their interests and ensuring accountability.
Default Upon Non-Compliance. The School shall be in material default of this Charter for failure to procure, maintain and keep in effect the insurance as required by this Charter.
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Default Upon Non-Compliance. Failure to comply with this section or to maintain the requisite insurance coverage shall constitute a material breach of this Charter and constitute good cause for termination.
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Default Upon Non-Compliance. The School shall be in default of this Charter should it fail to procure, maintain and keep in effect the insurance coverages required by this Charter. Lapse of insurance coverage as described in this Charter will be considered good cause for recommendation of termination of this Charter.
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Default Upon Non-Compliance. The School shall be in material default of this Charter for failure to procure, maintain and keep in effect the insurance as required by this Charter. If the Sponsor becomes aware that the School does not have in effect any required insurance coverage, it shall give written notice to the School, and the School shall procure such insurance and provide a certificate of insurance to the Sponsor, as soon as reasonably possible, but no later than two (2) school days after receipt of such notice.
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Default Upon Non-Compliance. Neither approval by the Sponsor nor failure to 9 disapprove the insurance furnished by the School shall relieve the School of the 10 School's full responsibility to provide the insurance as required by this Charter. 11 Failure to comply with this section or to maintain the requisite insurance coverage 12 shall constitute a m aterial breach of th is Contract and constitute good cause for 13 termination.
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Default Upon Non-Compliance. Neither approval by the Sponsor nor failure to disapprove the insurance furnished by the School shall relieve the School of the School’s full responsibility to provide the insurance as required by this Contract. The School shall be in default of this Contract for failure to maintain such insurance as required by this Contract, provided further that the insurance requirements in this Contract shall not be construed to waive the Sponsor’s sovereign immunity or limits of liability set forth in Section 768.28, Florida Statute.
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Related to Default Upon Non-Compliance

  • Remedies Upon Event of Default If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: (a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and (d) exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C Issuer under the Loan Documents; provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.