Common use of Termination for DUSIB Default Clause in Contracts

Termination for DUSIB Default. Without prejudice to any other rights and remedies available to the Shelter Management Agency, Shelter Management Agency may serve written notice to DUSIB at any time to terminate this Agreement with immediate effect in the following events (“DUSIB Event of Default”): (a) DUSIB has unreasonably withheld or delayed grant of any approval or permission which the Shelter Management Agency is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; (b) DUSIB has delayed payment of any amount that has fallen due in terms of this Agreement beyond 90 (ninety) days; (c) DUSIB is in breach of this Agreement and has failed to cure such breach within 60 (sixty) days of receipt of notice in that behalf from the Shelter Management Agency; (d) DUSIB repudiates this Agreement or otherwise evidences an intention not to be bound by this Agreement; (e) DUSIB has by an act of commission or omission created circumstances that have a Material Adverse Effect on the performance of its obligations by the Shelter Management Agency and has failed to cure the same within 60 days of notice thereof by the Shelter Management Agency; and (f) Any representation made or warranties given by the DUSIB under this Agreement is found to be false or misleading.