Default and Remedy. 10.1 Events of Default by Party B and Liabilities
Default and Remedy. You understand that You will be in default under the Line of Credit if any of the following occur: if You have made any misrepresentation in the Application; if You violate any terms of this Agreement; if You miss a payment under this or any other obligation You owe Lender; if any of You become subject to bankruptcy proceedings; if any of You die; or if anything else happens that indicates to Lender that You may be unable or unwilling to repay your obligations under the Line of Credit. If You default, Lender may: immediately cease making loans under the Line of Credit; require You to immediately pay the entire loan account balance, together with all accrued and unpaid interest, finance charges, and all other charges and obligations hereunder; or take any other action, including, but not limited to, action permitted pursuant to Section 12, provided for in this Agreement or permitted under state or federal law. Lender can exercise its rights under this Section immediately or can postpone action without losing any rights.
Default and Remedy. Upon the occurrence of any Event of Default specified in the Loan Agreement, the Loan shall automatically become immediately due and payable together with all Default Interest (as defined in the Loan Agreement) accrued and all other obligations payable under the Loan Agreement without any notice. By: Name: Column A Date: Column A Column B Column C Column D Column E Column F Column G Column H 1 Xxxxx Xxx ling Nov 8, 2013 310104197806140025 Room 303, Xx. 00, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxxxxxx, Xxxxx RMB 1,000,000 50 % Room 303, Xx. 00, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxxxxxx, Xxxxx 8330 2 Xxx Xxxxxxxx Sep 17, 2010 000000000000000000 Room 601, Xx. 0, Xxxx 000, Xxxxxxx Xxxx, Xxxxxxxx, Xxxxx XXX 500,000 25 % Xxxx 000, Xx. 0, Xxxx 000, Xxxxxxx Xxxx, Xxxxxxxx, Xxxxx 8163 3 Sang Xiaobing February 10, 2012 330702197207060430 Xxxx 000, Xxxxxxxx 0, Xx. 00, Xxxxxx Xxxx, Xxxxxxx Xxxxxxxxx, Xxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx RMB 500,000 25 % Xxxx 000, Xxxxxxxx 0, Xx. 00, Xxxxxx Lane, Wucheng Disctrict, Jinhua, Zhejiang Province, China 8288
Default and Remedy. If there shall be any failure to comply with any of the requirements of paragraph 6(b), Ameristar may give written notice to Iowa West specifying with particularity the failure or failures to comply. If all such specified failures are not remedied within sixty (60) days following the giving of such notice, Ameristar may suspend making one-half of the amount of each payment to Iowa West or its assignee under paragraph 4 of this Agreement and instead shall deposit the amount of such suspended and withheld payments in a segregated interest-bearing escrow account at the branch of a national or state chartered bank located in the County, until such time as all such failures have been remedied or the termination of this Agreement (it being understood that the remaining one-half of such fees shall continue to be due and payable to Iowa West as provided herein). If all such failures are cured prior to the giving by Ameristar of a notice of termination (as provided for below), such escrowed funds, together with all interest earned thereon, shall be released to Iowa West or its assignee. If all such specified failures are not remedied within ninety (90) days following the giving of such notice, Ameristar may give a written notice of termination of this Agreement to Iowa West, which termination shall be effective on the last day of the sixth (6th) month following the giving of the notice of termination or, if Iowa West disputes the termination as provided below, the termination shall be effective on the last day of the sixth (6th) month following the final determination by a court of competent jurisdiction of Ameristar's right to terminate this Agreement. In the event of such a termination of this Agreement while such funds are held in escrow, all escrowed funds, together with all interest earned thereon, shall be paid to the successor qualified sponsoring organization for Ameristar's excursion gambling boat. If Iowa West disputes Ameristar's right to terminate this Agreement under this paragraph and a court of competent jurisdiction finally determines that Ameristar does not have a right to terminate this Agreement under this paragraph, this Agreement shall continue in full force and effect and all escrowed funds, together with all interest earned thereon, shall be released to Iowa West or its assignee. In the event of such a dispute, Iowa West agrees to assert its claim within thirty (30) days following its receipt of the notice of termination from Ameristar, and b...
Default and Remedy a) In the event of any Party committing a breach of any of its material obligations pursuant to and in accordance with this Agreement and the Subscription Agreement and failing to rectify the same within a period of fifteen (15) Business Days of receipt of a written notice of such breach, the aggrieved Party shall be entitled to invoke the dispute resolution provision set forth in Clause 16(b) below, and may exercise all its rights in law, equity or otherwise including termination of this Agreement.
Default and Remedy. If the Supplier fails to remedy any delay or other problem in its performance of this Contract after receiving reasonable notice from DHS to do so, the Supplier shall reimburse DHS for all reasonable costs incurred as a direct consequence of the Supplier’s delay, action, or inaction. In case of failure to deliver Services in accordance with this Contract, DHS, upon written notice to the Supplier, may procure such Services from other sources as necessary, and the Supplier shall be responsible for the additional cost, including purchase price and administrative fees. This remedy shall be in addition to any other legal remedies available to DHS. Prior written notice shall not be required where, in the opinion of DHS, the public health, safety, or welfare is endangered by the act or omission of the Supplier.
Default and Remedy. Where this Agreement is terminated by Party B with advance notice less than a month, Party A may deduct 10% of the Deposit for any day in short and reserves the right to seek additional indemnification. Where Party B fails to pay monthly Contract Price on time, Party A shall demand the payment in writing or by phone. If Party A fails to receive such monthly Contract Price within 3 days after such demand, Party A may immediately suspend the advertising till the receipt of such monthly Contract Price. Party A may deduct the daily Contract Price (calculated as the monthly Contract Price divided by 30) from the Deposit for any unsuspended advertising. Party A reserve the right to seek indemnification in addition to the deduction of the Deposit. Party A will not arrange for re-broadcast of any suspended advertising due to Party B’s failure to pay the monthly Contract Price on time. Party B shall bear all the consequences and losses incurred therefrom (including but not limited to losses suffered by the clients). Where the advertisings are delayed for broadcast due to the following reasons：(i) the content of Party B’s manuscript is not qualified; (ii) the certificate document is incomplete; (iii) the audio products does not meet the broadcast standard; or (iv) the above said documents has not been delivered to Party A on time, Party B shall bear all the consequence therefrom. Where, due to the satellite transmission or certain internal technical problems of CNR, no advertisings have been broadcasted on any given day or days, Party B shall be exempted from the amount of the daily Contract Price times the number of days when no broadcast has been made. In case of failure to restore the advertising broadcast within 10 days, the amount of the daily Contract Price times 15 shall be exempted. In case of failure to restore the advertising broadcast within 15 days, the monthly Contract Price shall be exempted. The exempted Contract Price shall be deducted from the following monthly Contract Price. Where the advertising broadcast results in a third party claim or a fine imposed by administration for industry and commerce, Party B shall seek indemnification against the advertising client to collect the fine or compensation, and bear all liability in case of failure to collect, including, without limitation, to compensate the third party claim, damage, compensation as well as fines imposed by the administration for industry and commerce. This Agreement is executed by the P...
Default and Remedy. Section 17.01 Events of Tenant’s Default 18 Section 17.02 Remedies 19 Section 17.03 Reletting 20 Section 17.04 Default of Landlord 20 Section 17.05 Non-Waiver 20 Section 17.06 Mortgagee Protection 20 ARTICLE XVIII NOTICES 21
Default and Remedy. A. The occurrence of any of the following shall be deemed an "Event of Default":
Default and Remedy. 8.1 The Parties shall strictly fulfill their respective obligations under this Agreement. Any Party (for the purpose of this clause the “Breaching Party”) will be deemed to have breached this Agreement if it fails to fulfill, or to fulfill fully and appropriately, its obligations under this Agreement, or if any of its representations and warranties in this Agreement proves to be false, inaccurate or misleading. In the event of such breach, the other Party (for the purpose of this clause the “Non-Breaching Party”) has the right at their own discretion to take one or more of the following actions for remedy:
