AUTHORITY EVENTS OF DEFAULT. 39.1 For the purposes of this Agreement, Authority Events of Default means any of the following events or circumstances:
AUTHORITY EVENTS OF DEFAULT. For the purposes of this Agreement, "
AUTHORITY EVENTS OF DEFAULT. The occurrence of any one (1) or more of the following events shall constitute an event of default by Authority hereunder (each, an “Authority Event of Default”):
AUTHORITY EVENTS OF DEFAULT. The following shall be "events of default" by the Authority under this Agreement:
AUTHORITY EVENTS OF DEFAULT. Authority Event of Default means any of the following events, unless such event has occurred as a consequence of the Project SPV Event of Default, a Qualifying Change in Law, a Fundamental Change in Law, a Non-Political Force Majeure Event or an Emergency and where Authority has failed to remedy the defects specified in the Preliminary Notice issued in accordance with Clause 21.2(b):
AUTHORITY EVENTS OF DEFAULT. For the purposes of this Agreement, Authority Events of Default means any of the following events or circumstances: the Authority is in material breach of its obligations under Clause 9 (Nature of Land Interests) (other than as a consequence of a breach by Sub-hubco of its obligations under this Agreement) and such breach materially adversely affects the ability of Sub-hubco to perform its material obligations under this Agreement for a continuous period of not less than thirty (30) Business Days; or the Authority fails to pay any sum or sums due to Sub-hubco under this Agreement (which sums are not in dispute) which, either singly or in aggregate, exceed(s) the amount of the Monthly Service Payment from time to time and such failure continues for thirty (30) Business Days from receipt by the Authority of a notice of non payment from Sub-hubco; or the Authority is in breach of its obligations under Clause 57.4. Sub-hubco's options On the occurrence of an Authority Event of Default, or within a reasonable time after Sub-hubco becomes aware of the same, and while the same is still subsisting, Sub-hubco may, at its option: in respect of execution of the Works, suspend performance by it of its obligations under this Agreement until such time as the Authority shall have demonstrated to the reasonable satisfaction of Sub-hubco that it is capable of performing, and will perform, its obligations under this Agreement; or serve notice on the Authority (or such other party as may be notified in advance in writing by the Authority to Sub-hubco) of the occurrence (and specifying details) of such Authority Event of Default. If the relevant matter or circumstance has not been rectified or remedied by the Authority (or otherwise) in respect of Clause 39.1.1 or Clause 39.1.3 within sixty (60) Business Days of such notice, and in respect of Clause 39.1.2 within thirty (30) Business Days of such notice, Sub-hubco may serve a further notice on the Authority (or its substitute notified in accordance with this Clause 39.2.2) terminating this Agreement with immediate effect. Sub-hubco shall not exercise or purport to exercise any right to terminate this Agreement (or accept any repudiation of this Agreement) except as expressly set out in this Agreement.
AUTHORITY EVENTS OF DEFAULT. Each of the following constitutes an Event of Default on the part of the Authority, provided that none of the following shall constitute an Event of Default to the extent caused by the failure of the Company to perform its obligations hereunder:
AUTHORITY EVENTS OF DEFAULT. For the purposes of this Agreement, an Authority Event of Default means any of the following events or circumstances:- the Authority is in material breach of its obligations under Clause 9. (Nature of Land Interests) (other than as a consequence of a breach by hubco of its obligations under this Agreement) and such breach materially adversely affects the ability of hubco to perform its material obligations under this Agreement for a continuous period of not less than thirty (30) Business Days; the Authority fails to pay any sum or sums due to hubco under this Agreement (which sums are not in dispute) which, either singly or in aggregate, exceed(s) [£ ] from time to time and such failure continues for thirty (30) Business Days from receipt by the Authority of a notice of non‑payment from hubco; the Authority is in breach of its obligations under Clause 43.3; an expropriation, sequestration or requisition of a material part of the assets and/or shares of hubco by the Authority or a Relevant Authority; or the Authority is sequestrated under the Bankruptcy (Scotland) Act 2016 or otherwise becomes insolvent and its obligations are not otherwise transferred to another party such as is referred to in Clause 43.3.
AUTHORITY EVENTS OF DEFAULT. For the purposes of this Agreement, Authority Events of Default means any of the following events or circumstances: the Authority is in material breach of its obligations under Clause 9 (Nature of Land Interests) (other than as a consequence of a breach by DBFM Co of its obligations under this Agreement) and such breach materially adversely affects the ability of DBFM Co to perform its material obligations under this Agreement for a continuous period of not less than thirty (30) Business Days; or the Authority fails to pay any sum or sums due to DBFM Co under this Agreement (which sums are not in dispute) which, either singly or in aggregate, exceed(s) the amount of the Monthly Service Payment from time to time and such failure continues for thirty (30) Business Days from receipt by the Authority of a notice of non payment from DBFM Co; the Authority is in breach of its obligations under Clause 57.4; [an Adverse Law or a Proposal for an Adverse Law being made] ; an expropriation, sequestration or requisition of a material part of the assets and/or shares of DBFM Co or Holdco by the Authority or a Relevant Authority; or the Authority is sequestrated under the Bankruptcy (Scotland) Act 2016 or otherwise becomes insolvent and its obligations are not otherwise transferred to another party such as is referred to in Clause 57.4. DBFM Co's options On the occurrence of an Authority Event of Default, or within a reasonable time after DBFM Co becomes aware of the same, and while the same is still subsisting, DBFM Co may, at its option: in respect of execution of the Works, suspend performance by it of its obligations under this Agreement until such time as the Authority shall have demonstrated to the reasonable satisfaction of DBFM Co that it is capable of performing, and will perform, its obligations under this Agreement; or serve notice on the Authority (or such other party as may be notified in advance in writing by the Authority to DBFM Co) of the occurrence (and specifying details) of such Authority Event of Default. If the relevant matter or circumstance has not been rectified or remedied by the Authority (or otherwise) in respect of Clause 39.1.1, Clause 39.1.3, [Clause 39.1.4], Clause 39.1.5 or Clause 39.1.6 within sixty (60) Business Days of such notice, and in respect of Clause 39.1.2 within thirty (30) Business Days of such notice, DBFM Co may serve a further notice on the Authority (or its substitute notified in accordance with this Clause 39.2.2) termin...
AUTHORITY EVENTS OF DEFAULT. For the purposes of this Project Agreement, “
