Common use of County’s Default Clause in Contracts

County’s Default. Subject to the provisions of Section 5.04 hereof, an “Osceola County Event of Default” shall be deemed to have occurred under this Agreement should any one or more of the following events occur at any time: (A) Failure of Osceola County to materially and timely comply with and perform all of Osceola County’s obligations set forth in this Agreement. (B) If any representation or warranty made by Osceola County in this Agreement or subsequently made by Osceola County in any written statement or documents in any documents relating to the transactions contemplated hereby is false, incomplete, inaccurate or misleading in any material respect.

Appears in 1 contract

Sources: Regulatory Agreement (Avatar Holdings Inc)

County’s Default. Subject to the provisions of Section 5.04 hereof, an “Osceola County Event of Default” shall be deemed to have occurred under this Agreement should any one or more of the following events occur at any time: (A) Failure of Osceola County to materially and timely comply with and perform all of Osceola County’s obligations set forth in this Agreement. (B) If any representation or warranty made by Osceola County in this Agreement or subsequently made by Osceola County in any written statement or documents in any documents relating to the transactions contemplated hereby is false, incomplete, inaccurate or misleading in any material respectrespect when made.

Appears in 1 contract

Sources: Regulatory Agreement (Avatar Holdings Inc)