Events of Default Permitting Termination Sample Clauses

Events of Default Permitting Termination. Each of the following shall constitute an Event of Default by the Owner upon which the Design-Builder, by notice to the Owner, may terminate this Design-Build Agreement:
View SourceView Similar (2)
Events of Default Permitting Termination. Each of the following shall constitute an Event of Default by the County upon which the Company, by written notice to the County, may terminate this Contract:
View SourceView Similar (2)
Events of Default Permitting Termination. Each of the following shall constitute an Event of Default by the WPCA upon which the Company, by notice to the WPCA, may terminate this Service Agreement:
View Source
Events of Default Permitting Termination. The failure, refusal or other default by the City in its duty to pay any undisputed amount required to be paid to the Design-Builder under this Design-Build Contract within 30 days following the due date for such payment shall constitute an Event of Default by the City upon which the Design-Builder, by notice to the City, may terminate this Design-Build Contract, subject to the terms and conditions of this Section.
View Source
Events of Default Permitting Termination. The failure, refusal or other default by the BWS in its duty to pay any undisputed amount required to be paid to the DBOM Contractor under this Service Agreement within 60 days following the due date for such payment shall constitute an Event of Default by the BWS upon which the DBOM Contractor, by notice to the BWS, may terminate this Service Agreement, subject to the terms and conditions of this Section.
View Source
Events of Default Permitting Termination. Each of the following shall constitute an Event of Default by SRWA upon which the Company, by notice to SRWA, may terminate this Contract:
View Source
Events of Default Permitting Termination. Each of the following shall constitute an Event of Default by the Sewer District upon which the Design-Build Contractor, by notice to the Sewer District, may terminate this Design-Build Agreement:
View Source

Related to Events of Default Permitting Termination

  • Events of Default and Termination 12.1 A material breach of this Agreement by the Lessee shall constitute an "Event of Default" under this Agreement. Without limiting the generality of the foregoing provision, the Parties agree that the following cases are of essential interests for the Lessor, and shall be deemed to constitute an Event of Default under this Agreement: 12.1.1 The Lessee fails to pay the Outstanding Amounts, when they fall due pursuant to this Agreement; and/or 12.1.2 The Lessee is in breach of the provisions under Article 6 and Article 11 of this Agreement; and/or 12.1.3 The Lessee is in default under any other agreement that the Lessee may have entered into with the Lessor. 12.2 In case of an Event of Default, the Lessor shall send a written rectification notice (the “Rectification Notice”) to the Lessee requesting the immediate rectification of the Event of Default. The Rectification Notice shall also include any Penalty applied in relation to the breach, as well as the value of other overdue amounts at the date (jointly the Overdue Amounts). The Lessor shall also apply the relevant Late Payment Interest on such Overdue Amounts pursuant to this Agreement. 12.3 If within a period of 20 (twenty) days from the Rectification Notice the Lessee fails to comply with the Rectification Notice, or fails to offer an adequate compensation acceptable to the Lessor, if the Event of Default is impossible to be cured, the Lessor is entitled to terminate this Agreement by Notice to the Lessee (the “Termination Notice”). 12.4 The Termination Notice shall also include the value of the Termination Penalty applied by the Lessor, as well as the value of the other Overdue Amounts at that date (jointly the Overdue Amounts). The Lessor shall apply the relevant Late Payment Interest on such Outstanding Amounts pursuant to this Agreement. 12.5 A Termination Notice shall be issued by the Lessor not later than 7 (seven) days before the start of the repossession procedures pursuant to Article 13; unless within said period the Lessee voluntarily pays all of the Outstanding Amounts and accrued Late Payment Interest, the Termination Notice shall have the effect of terminating this Agreement immediately or, if appropriate, by any later date specified in the Termination Notice.

  • Events of Default and Termination Events The following Events of Default and Termination Events shall apply to Party A and Party B as set forth below:

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities. (b) The Guarantee Trustee shall not be deemed to have knowledge of any Event of Default unless the Guarantee Trustee shall have received written notice from the Guarantor or a Holder of the Capital Securities (except in the case of a payment default), or a Responsible Officer of the Guarantee Trustee charged with the administration of this Guarantee shall have obtained actual knowledge thereof.