Material Default definition

Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

Material Default means any default by the private entity in the performance of its duties under

Material Default means any default by the private entity in the performance of its duties that jeopardizes adequate service to the public from a qualifying project.

Examples of Material Default in a sentence

• In the event of a termination of this agreement by WPHLI based on a Material Default, WPHLI shall have the right to claim and recover damages from the Owner and such damages shall include, without limitation, loss of the benefit of WPHLI’s bargain hereunder.

• WPHLI may refuse to consider consenting to an assignment or transfer if any Material Default is in existence.

• Rights to the telephone number or numbers which are utilized by the Owner’s Team from time to time shall be held by the Owner in trust for WPHLI and, upon a Material Default being committed by the Owner, WPHLI hereby irrevocably authorizes WPHLI to do whatever is necessary (including executing documents in the name of the Owner) to transfer all rights to such number or numbers to WPHLI or an assignee of WPHLI.

• Upon a Material Default by the Owner, WPHLI may in writing appoint a receiver or receiver-manager (in either case, the “Receiver”) of the Owner’s Team and all related assets (including, without limitation, those referred to in this agreement) and may remove any Receiver so appointed and appoint a replacement.

• WPHLI may terminate this agreement, forthwith upon written notice to the Owner, if the Owner commits any single Material Default.

More Definitions of Material Default

Material Default means any breach of a fundamental or essential term or repeated breaches of any of the terms of the agreements, as referred to in section 3.4(e);

Material Default means any breach of these terms and conditions or of the Contract by the Contractor which the Authority considers to be sufficiently material as to justify termination of all or part of the Contract. A breach of any of the following of these terms and conditions by the Contractor shall be a Material Default: clause 2.1 (contractor’s warranties), clause 3.2 (contractor’s personnel), clause 7.6.3 (security of electronic data) clause 8.2 (confidentiality) clause 15 (contractor’s insurance requirements); clause 16.1 (prevention of corruption) clause 17 (official secrets), clause 19 (non discrimination and equality) and clause 22 (health and safety);

Material Default means any default by the operator in the performance of its duties under

Material Default means any default by the private entity in the performance of its duties under subsection E of § 56-575.8 that jeopardizes adequate service to the public from a qualifying project.

Material Default means any breach of Clause 14 (Statutory Requirements), Clause 15 (Non-Discrimination), Clause 16 (Provision of Management Information), Clause 17 (Management Charge), Clause 18 (Records and Audit Access), Clause 22 (Data Protection) and Clause 23 (Freedom of Information);

Material Default means any continuing Default as to which a written notice of such Default (which notice has not been rescinded) shall have been received by the Borrower, the General Partner or the REIT from the Administrative Agent or any Lender, or any continuing Event of Default.

Material Default means, with respect to a Receivable: