Our default Sample Clauses

The "Our default" clause defines the circumstances under which the party drafting the contract (typically the service provider or seller) would be considered in default of their obligations. It typically outlines specific actions or failures—such as not delivering goods or services on time, failing to meet agreed standards, or breaching key terms—that would trigger a default. This clause clarifies what constitutes a breach by the provider, ensuring both parties understand the consequences and remedies available if the provider fails to perform as promised. Its core function is to allocate risk and provide a clear framework for addressing failures by the provider, thereby protecting the interests of the other party.
Our default. You may give us a Notice of Default if we: (a) fail to provide the Services in a reasonably timely and competent manner; or (b) fail to meet the standards specified in the Scope of Services.
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Our default. 9.1 We may, by notice to you and without penalty, cancel the supply of any Equipment and Services under this Agreement. You are not required to pay for Services that we do not supply. 9.2 If we breach this Agreement: (a) we will, at our discretion, re-supply at our expense or refund the price of any Equipment or Services not properly supplied; (b) we are not obliged to take any other action; and (c) we are not liable to you for any damages, indirect loss, lost profits or other consequential loss.
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Related to Our default

  • Major Default The Purchasers shall be considered to be in “Major Default” in the event that (a) the Purchasers are in breach of their obligations under the Agreement and (b) such breaches, individually or in the aggregate, resulted or would reasonably be expected to result in (i) material Losses to the Sellers or their Affiliates, (ii) material reputational harm to the Sellers or their Affiliates, (iii) material and adverse regulatory consequences to the Sellers or their Affiliates, for which, in each case of clauses (i) through (iii), indemnification by the Purchasers pursuant to Article 8 of the Agreement would not be sufficient to remedy all damages incurred by the Sellers and their Affiliates or (iv) if the Sellers reasonably determine, based on the advice of counsel, that it would reasonably be expected to be a violation of their fiduciary duties under applicable Law to not terminate the Agreement, taking into account the indemnification by the Purchasers pursuant to Article 8 of the Agreement; provided, that the following breaches shall be excluded, and not taken into account, in determining if a Major Default has occurred: (x) any breach to the extent resulting from any action taken by the Purchasers pursuant to and in accordance with written direction given by the Sellers and (y) any breach to the extent arising out of or resulting from, directly or indirectly, a breach by the Sellers of the Agreement, the Transition Services Agreement or the Purchase Agreement.

  • Default; Breach A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or Rules and Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period:

  • Default GAC may, by written notice of default to the Contractor, terminate the whole or any part of the Agreement, in any one of the following circumstances:

  • Customer Default The occurrence at any time of any of the following events shall constitute a “Customer Default”:

  • Owner Default Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.