DEFAULT MANAGEMENT SERVICES Sample Clauses
The DEFAULT MANAGEMENT SERVICES clause outlines the procedures and responsibilities related to handling situations where a party fails to meet its contractual obligations. Typically, this clause specifies the types of services or actions the non-defaulting party or a third-party provider may undertake, such as notifying the defaulting party, initiating remedial steps, or managing the consequences of the default. By clearly defining these processes, the clause ensures that defaults are managed efficiently and transparently, minimizing disruption and providing a structured approach to resolving breaches.
DEFAULT MANAGEMENT SERVICES. Section 3.1. Default Management Responsibilities....................19 Section 3.2. Foreclosure............................................19 Section 3.3. Deed in Lieu...........................................19 Section 3.4.
DEFAULT MANAGEMENT SERVICES. ICE Clear shall maintain appropriate financial resources in relation to the management of defaults of Clearing Members in accordance with the ICE Clear Rules. ICE Clear shall perform default management as required in accordance with the ICE Clear Rules. To the extent inconsistent with the above, and in accordance with the ICE Clear Rules, ICE Clear shall maintain full discretion with respect to the declaration and management of a default of a Clearing Member.
DEFAULT MANAGEMENT SERVICES