Types of Default Sample Clauses
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Types of Default. For purposes of this Paragraph, “Member Default” includes, but is not limited to, the following:
i. Any misrepresentation by Member concerning this Agreement or the inducement of this Agreement or any false statements made by Member on the Letter of Agency.
ii. Breach of any agreement, representation, or warranty made by Member in this Agreement. Failure of Member to perform in accordance with or comply with the material terms and conditions of this Agreement including, but not limited to, the following:
1. Action or failure to act which affects the safety and/or welfare of students or the Consortium Lead staff;
2. Material failure to perform in accordance with the terms and conditions of this Agreement; and
3. Any other acts specifically and expressly stated in this Agreement constituting Default.
iii. Any misapplication, mismanagement, or violation of the laws, rules, or regulations of the E-rate Program.
iv. Any misrepresentation by a Member of the Member’s eligibility status to participate in the Consortium or the failure of the Member to promptly notify the Consortium Lead that the Member no longer fulfills the eligibility requirements as described in the Agreement.
Types of Default. You are in default if you become insolvent; if you file a bankruptcy petition or have one filed against you; if we have a reasonable belief that you are unable or unwilling to repay your obligations to us; if you are declared incompetent by a court or if a court appoints a guardian for you or a conservator for your assets; if you die; if you fail to comply with the terms of this Agreement, including failing to make a required payment when due, exceeding your Account credit line or using your Card or Account for a Prohibited Transaction; or if you fail to make a required payment when due on any other account you have with us.