Termination for Authority Default Sample Clauses
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Termination for Authority Default. 33.2.1 In the event that any of the defaults specified below shall have occurred, and the Authority fails to cure such default within a Cure Period of 90 (ninety) days or such longer period as has been expressly provided in this Agreement, the Authority shall be deemed to be in default of this Agreement (the "Authority Default") unless the default has occurred as a result of any breach of this Agreement by the Concessionaire or due to Force Majeure. The defaults referred to herein shall include:
(a) The Authority commits a material default in complying with any of the provisions of this Agreement and such default has a Material Adverse Effect on the Concessionaire;
(b) the Authority has failed to make any payment to the Concessionaire within the period specified in this Agreement; or
(c) the Authority repudiates this Agreement or otherwise takes any action that amounts to or manifests an irrevocable intention not to be bound by this Agreement.
33.2.2 Without prejudice to any other right or remedy which the Concessionaire may have under this Agreement, upon occurrence of a Authority Default, the Concessionaire shall, subject to the provisions of the Substitution Agreement, be entitled to terminate this Agreement by issuing a Termination Notice to the Authority; provided that before issuing the Termination Notice, the Concessionaire shall by a notice inform the Authority of its intention to issue the Termination Notice and grant 15 (fifteen) days to the Authority to make a representation, and may after the expiry of such 15 (fifteen) days, whether or not it is in receipt of such representation, issue the Termination Notice.
Termination for Authority Default. The Supplier may terminate this agreement if the Authority breaches clause 7.2 (Payment of the Charges) of this agreement and the Authority does not remedy the breach within 60 days of written notice of such breach being given by the Supplier. In its notice the Supplier will provide specific details of the breach and include a warning that it plans to terminate this agreement unless the breach is remedied. The agreement will (subject to the provisions of clause 20 (Survival of clauses) terminate upon service of a second notice by the Supplier served within 7 days of expiry of the 30 day period confirming that it relies upon its right to terminate.
Termination for Authority Default. Termination Payment
Termination for Authority Default. The Supplier may terminate this Contract only if the Authority is in material breach of its obligation to pay undisputed Milestone Payments by giving the Authority 60 days' written notice specifying the breach and requiring its remedy and the breach is not resolved upon the expiry of such notice.
Termination for Authority Default. 1In the event that any of the defaults specified below shall have occurred, and the Authority fails to cure such default within a Cure Period of 90 (ninety) days or such longer period as has been expressly provided in this Agreement, the Authority shall be deemed to be in default of this Agreement (the "Authority Default") unless the default has occurred as a result of any breach of this Agreement by the Concessionaire or due to Force Majeure. The defaults referred to herein shall include the following:
Termination for Authority Default. 17.2.1 The Operator may after giving ninety days’ notice in writing to the Authority terminate this Agreement upon the occurrence and continuation of any of the following events (each a “Authority Event of Default”), unless any such Authority Event of Default has occurred as a result of Operator Event of Default or due to a Force Majeure Event.
a. Authority is in breach of this Agreement and such breach has a Material Adverse Effect on the Operator and the Authority has failed to cure such breach or take effective steps for curing such breach within ninety days of receipt of notice in this behalf from the Operator;
b. Authority repudiates this Agreement or otherwise evidences an irrevocable intention not to be bound by this Agreement;
c. Authority is in breach of any representation or warranty made under this Agreement.
Termination for Authority Default. 21.2.1. Without prejudice to any other right or remedy which the Concessionaire may have under this Agreement, upon occurrence of an Authority Default and failure of the Authority to cure the Authority Default within the Cure Period, the Concessionaire shall, be entitled to terminate this Agreement by issuing a Termination Notice to the Authority. The Termination under this Article shall be effective 7 days from the issue of Termination Notice.
Termination for Authority Default. 25.1 Authority Events of Default Each of the following shall be an Authority Event of Default :
(a) the Authority fails to pay the Concessionaire any amount due and payable to it under this Agreement within thirty (30) days of the due date and that failure continues for a further thirty (30) days after the Concessionaire gives written notice of the same to the Authority and, when such outstanding amount is added to all other amounts remaining unpaid by the Authority under this Agreement, such total amount exceeds INR 1,00,00,000 (INR one crore);
(b) the Authority fails to achieve the Handover Date on or before the Latest Start Date (other than as a result of any of the events referred to in Clause 10.3(h)) and the Authority has paid the maximum permitted liquidated damages for such delay to the Concessionaire under Clause 10.3 of this Agreement;
(c) the Authority fails to procure that the Port is connected with the national highway and the railway network on the hinterland in accordance with Part 2 of Schedule 2 by the Longstop Date;
(d) the Authority is in breach of its obligations under Clause 2.3 [and that failure continues for sixty (60) days after the Concessionaire gives written notice of the same to the Authority];
(e) the Authority fails to comply with any other material provision of this Agreement (other than as a result of a Relevant Event which has not been caused by the Authority) and that failure continues for sixty (60) days after the Concessionaire gives written notice of the same to the Authority; or
(f) any expropriation, sequestration or requisition of a material part of the Terminal or of any assets used by the Concessionaire to perform its obligations under this Agreement and/or of shares in the Concessionaire by any relevant Government Authority that is not rectified within sixty (60) days of the date on which the Concessionaire notifies the Authority of the same.
Termination for Authority Default. 24.2.1 If an Authority Default occurs and it has not been cured within any relevant cure period set out in Section 23.2 (Initial Notice and Cure Periods), Developer may serve a Termination Notice (the “Developer Termination Notice”) on the Authority at any time during the continuance of that Authority Default.
24.2.2 A Developer Termination Notice must specify the type of Authority Default which has occurred entitling Developer to terminate.
24.2.3 This Agreement will terminate on the date falling twenty (20) Business Days after the date the Authority receives the Developer Termination Notice.
24.2.4 If this Agreement is terminated pursuant to this Section 24.2 (Termination for Authority Default), the Authority shall pay the Authority Termination Sum to Developer in accordance with Exhibit 6 (Compensation on Termination).
Termination for Authority Default this Agreement may be terminated by the Service Provider if the Authority is in material Default in respect of its obligations under this Agreement and fails within thirty (30) Business Days of receipt of written notice (from and including the day on which notice is deemed to be received) of the Default from the Service Provider to remedy the Default.