Host Events of Default Sample Clauses
The "Host Events of Default" clause defines specific circumstances under which the host party is considered to be in default under the agreement. Typically, these events may include failure to make required payments, breach of material obligations, insolvency, or other significant failures to perform as agreed. For example, if the host fails to provide agreed-upon services or becomes bankrupt, these would trigger an event of default. The core function of this clause is to clearly outline what constitutes a default by the host, thereby providing certainty and a basis for the other party to take remedial actions, such as termination or seeking damages, if such events occur.
Host Events of Default. Host shall be in default of this Agreement if any of the following (“Host Events of Default”) shall occur:
Host Events of Default. Host shall be in default of this Agreement if any of the following (“Host Events of Default”) shall occur:
(i) Misrepresentation. Any representation or warranty by Host hereof, is incorrect or incomplete in any material way, or omits to include any information necessary to make such representation or warranty not materially misleading, and such defect is not cured within thirty (30) days after receipt of notice from Provider identifying the defect.