Examples of Uncured Breach in a sentence
If in the DISTRICT’s sole opinion, it is impracticable to ascertain and determine the actual damage the DISTRICT sustained as a result of an uncured breach, then the Parties agree that VENDOR shall pay to the DISTRICT the liquidated damages set forth in Exhibit F – Liquidated Damages in the Event of an Uncured Breach of Warranty (which damages are not and should not be construed as a penalty), in which case the DISTRICT’s invoice will reflect these amounts.
In no event shall SXE have any obligation to make any such payment if, at the time of such termination, this Agreement was terminable by SXE pursuant to Section 7.1(d)(i) [ AMID Uncured Breach ].
If there is a Material Uncured Breach or a Change of Control (each, a “Deemed Early Termination Event”), (A) the Corporation (or the TRA Representative (with a copy to the Corporation)) shall deliver to the TRA Holders an Early Termination Notice as provided in Section 3.02(a), and (B) all obligations under this Agreement with respect to the TRA Holder(s) shall be accelerated.
In no event shall JPE have any obligation to make any such payment if, at the time of such termination, this Agreement was terminable by JPE pursuant to Section 7.1(d)(i) [ AMID Uncured Breach ].
This right helps protect the issuer’s interest vis-à-vis the vendor’s creditors; (ii) Termination Upon Notice for Uncured Breach – The issuer should also have the right to terminate the contract in the event that the vendor breaches the agreement and, after a reasonable period of notice to cure the default, fails to do so.