Common use of Termination for Concessionaire Default Clause in Contracts

Termination for Concessionaire Default. Subject to Applicable Laws and save as otherwise provided in this Agreement, in the event that any of the defaults that shall have occurred, and the Concessionaire fails to cure the default within the Cure Period set forth below, or where no Cure Period is specified, then within a Cure Period of 60 (sixty) days, the Concessionaire shall be deemed to be in default of this Agreement.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement