Examples of Event of Default in a sentence
In the event of any dispute arising under this Agreement that does not constitute an Event of Default, within ten (10) days following the receipt of a Notice from either Party identifying such dispute, the Parties shall meet, negotiate and attempt, in good faith, to resolve the dispute quickly, informally and inexpensively.
Upon the occurrence of an “Order Form Event of Default”, the non-defaulting Party may terminate the applicable Order Form at any time prior to the defaulting Party’s curing the Order Form Event of Default, by providing written notice to the defaulting Party, which written notice must specify the effective date of the termination.
All amounts derived by Contractor as a result of an Event of Default hereunder shall be applied by Contractor to any obligation of District owing to Contractor and in any order, in Contractor's sole discretion.
Upon an Event of Default referred to in Article 8.1 hereof, Contractor’s sole remedy shall be an action for monetary damages.
If the Authority wishes to exercise any right under paragraph in connection with an Event of Default that it considers to be irremediable, or if a remediable Event of Default has not been resolved after the Grant Recipient has been given reasonable opportunity under paragraph 23.1.19, the Authority may immediately exercise the relevant right under paragraph .