Consequences of a Default. On or after the occurrence of any Event of Default that has not been either cured or waived, at the option of the Secured Party, (a) any or all of the Obligations not yet payable will become immediately payable, without presentment, protest, notice of protest or notice of dishonour, all of which are expressly waived; (b) the obligation, if any, of the Secured Party to extend further credit to the Debtor will cease; and (c) the security granted hereby will become immediately enforceable.
Consequences of a Default. (1) If a Default occurs, the Authority may, but is not obligated to, give to the Contractor a notice of Default and, in the Authority’s sole discretion, may provide an opportunity to cure. If a cure is allowed, and if the Contractor has not cured or made reasonable progress to cure the Default within fifteen (15) days from the Contractor’s receipt of the notice, the Authority may immediately terminate the Contract by written notice to the Contractor. The Contractor agrees that the Authority may also cure any Default in the Contractor’s performance and charge the Contractor for the cost of the cure plus a ten percent (10%) administration fee. Upon the Contractor’s receipt of a written notice of termination, the Contractor shall immediately take the following actions: quit the Premises and return them to the Authority’s control; return the Operating Equipment to the Authority; deliver all Operating Receipts to the Authority’s Authorized Banking Account designated at Exhibit K; deliver all accounts, invoices, and other books and records to the Authority; and take all other actions desirable or directed by the Authority to provide for a smooth transition of operations to the Authority directly or to its designee without loss or delay. Upon any termination, every obligation contained in this Contract to be performed by the Authority shall cease; the Supplemental Lease Agreement shall terminate; and the Contractor shall have no further authority to take any action on behalf of the Authority.
Consequences of a Default. If a Default occurs we can, if we wish, and subject to applicable law, do any one or more of the following, in any order that we want: Demand Payment – demand that you immediately pay the Outstanding Amount. Xxx You – with court permission, take action in court to make you pay the Outstanding Amount or make you keep your Promises.
Consequences of a Default a) If a Default occurs, the Airports Authority will give to Contractor a notice of Default and an opportunity to cure. If Contractor has not cured, or made reasonable progress to cure the Default within fifteen (15) days from Contractor’s receipt of the notice, the Airports Authority may immediately terminate the Contract by written notice to Contractor. Upon termination, Contractor shall immediately remove the Wi-Fi Platform from the Airports Authority websites, ensuring that there will not be any disruption to those websites in the process of removal.
Consequences of a Default a. If a default occurs, all the mortgage money then owing to the mortgagee will be, if the mortgagee chooses, due and payable, including without limitation all of the mortgagee’s fees, costs and expenses.
Consequences of a Default. (1) On or after the occurrence of any Event of Default that is continuing, at the option of the Collateral Agent, (a) any or all of the Obligations not yet payable will become immediately payable, without presentment, protest, notice of protest or notice of dishonour, all of which are expressly waived and (b) the security granted hereby will become immediately enforceable.
Consequences of a Default. 1. If a Default occurs, the Authority may give to the Contractor a notice of Default and an opportunity to cure. If the Contractor has not cured, or made reasonable progress to cure the Default within fifteen (15) days from the Contractor’s receipt of the notice, the Authority may immediately terminate the Contract by written notice to the Contractor. If the Authority elects to terminate this Contract, every obligation contained in this Contract to be performed by the Authority shall cease.
Consequences of a Default. 1. If a Default occurs, the Authority may give to the Contractor a notice of Default and an opportunity to cure. If the Contractor has not cured, or made reasonable progress to cure the Default within fifteen (15) days from the Contractor’s receipt of the notice, the Authority may immediately terminate the Contract by written notice to the Contractor. Upon termination, the Contractor shall immediately quit the Premises and Facilities and return them to the Authority’s control. If the Authority elects to terminate this Contract, every obligation contained in this Contract to be performed by the Authority shall cease.
Consequences of a Default. On or after the occurrence of any Event of Default, at the option of the Bank, (i) any or all of the Obligations not yet payable will become immediately payable, without notice; (ii) the obligation, if any, of the Bank to extend further credit to the Debtor will cease; and (iii) the security granted hereby will become immediately enforceable.
Consequences of a Default. (a) Upon the occurrence and continuation of an Event of Default specified in subsection (h) or (i) of Section 8.1 herein, all of the Obligations shall, without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable, and the Aggregate Revolving Commitment shall terminate immediately.
