Default; Notice; Termination Sample Clauses

Default; Notice; Termination. In accordance with Section 17.21.120 of the Fruita Municipal Code, in the event of any default or breach by the Developer of an applicable covenant, term, condition, or obligation under this Agreement, and if such default or breach continues after notice thereof and opportunity of a hearing as set forth in subsection 9.6 of this Agreement and subsection 17.21.100(E) of the Fruita Municipal Code, this Agreement may be forthwith terminated, at the option of the City. Any declaration of termination of the Agreement shall be effective only after and upon a resolution to that effect duly adopted by the City Council. All rights concerning remedies or attorney's fees shall survive any termination of this Agreement.
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Default; Notice; Termination. If the County defaults in the performance of any of the terms, covenants or conditions of this Agreement, the Village may give the County a written notice of such default, and if the County does not cure such default within thirty (30) days after the giving of such notice, or if such other default is of such nature that it cannot be completely cured within thirty (30) days, then Village may terminate this Agreement on not less than seven (7) days' prior written notice to the County, and on the date specified in said notice the term of this Agreement shall terminate, at which time Association shall then quit and surrender the Premises and Facilities to Village except that the Association shall remain and continue to remain liable as hereinafter provided. If this Agreement shall have been so terminated by Village may at any time thereafter resume and retake possession of the Premises and Facilities by any lawful means.
Sample 1
Default; Notice; Termination. If BOOKNOOK fails to perform any of the obligations under this Agreement and does not cure such default within 30 days after notice for the Village of such failure, the Village may terminate this Agreement on not less than 7 days' written notice to BOOKNOOK, provided, however, if such default is of such a nature that it cannot be completely cured within 30 days, then BOOKNOOK shall have a reasonable additional period, not to exceed 30 days (60 days to cure in total), provided BOOKNOOK promptly: (i) gives notice to the Village that it cannot cure within the first 30 days, but intends to cure; (ii) commences cure within the 30 day notice period; and diligently pursues cure thereafter, BOOKNOOK shall have such additional time to cure its failure. The foregoing notwithstanding, if the failure is a breach of BOOKNOOK’s insurance obligations hereunder, or if the failure threatens imminent harm of bodily injury or material property damage, the cure period shall be 3 days, during which time BOOKNOOK shall take reasonable efforts to mitigate the condition giving rise to the default, and to protect the public from harm. If BOOKNOOK fails to cure its breach, the Village may terminate this Agreement by written notice to BOOKNOOK, effective 7 days from the date of that notice.
Sample 1
Default; Notice; Termination. If the Book Nook Gardens defaults in the performance of any of the terms, covenants or conditions of this Agreement, the Village may give the Book Nook Gardens a written notice of such default, and if the Book Nook Gardens does not cure such default within thirty (30) days after the giving of such notice, or if such other default is of such nature that it cannot be completely cured within thirty (30) days, then Village may terminate this Agreement on not less than seven (7) days' prior written notice to the Book Nook Gardens, and on the date specified in said notice the term of this Agreement shall terminate, at which time Book Nook Gardens shall then quit and surrender the Premises and Facilities to Village except that the Book Nook Gardens shall remain and continue to remain liable as hereinafter provided. If the Village finds an alternate tenant to occupy this unit during this lease, the Village has the option to terminate this lease agreement by providing Book Nook Gardens with a thirty (30) day advance written notice. If this Agreement shall have been so terminated the Village may at any time thereafter resume and retake possession of the Premises and Facilities by any lawful means.
Sample 1

Related to Default; Notice; Termination

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments or any Deferred Contract Adjustment Payments, and the rights and obligations of the Holders to purchase Common Stock, will immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Agent or the Company, if, on or prior to the Purchase Contract Settlement Date, a Termination Event shall have occurred. Upon the occurrence of a Termination Event, the Company shall promptly but in no event later than two Business Days thereafter give written notice thereof to the Agent, the Collateral Agent and to the Holders, at their addresses as they appear in the applicable Register. Upon and after the occurrence of a Termination Event, the Securities shall thereafter represent the right to receive the Debt Securities or the Applicable Ownership Interest in the appropriate Treasury Portfolio, as the case may be, forming a part of such Securities in the case of Income PRIDES, or Treasury Securities in the case of Growth PRIDES, in accordance with the provisions of Section 4.3 of the Pledge Agreement.

  • Default Notice As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Termination for Default The County may, by written notice to the Contractor terminate this contract for default in whole or in part (delivery orders, if applicable) if the Contractor fails to:

  • Termination by Default If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.

  • Termination Notice If either Party, having become entitled to do so, decides to terminate this Agreement pursuant to the preceding Clause 8.2 (a) (i) or 8.2 (a) (ii), it shall issue Termination Notice setting out:

  • Notice of Termination Events Neither any Purchaser Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Termination Event or Unmatured Termination Event unless the Administrator and the Purchaser Agents have received notice from any Purchaser, the Servicer or the Seller stating that a Termination Event or an Unmatured Termination Event has occurred hereunder and describing such Termination Event or Unmatured Termination Event. In the event that the Administrator receives such a notice, it shall promptly give notice thereof to each Purchaser Agent whereupon each such Purchaser Agent shall promptly give notice thereof to its related Purchasers. In the event that a Purchaser Agent receives such a notice (other than from the Administrator), it shall promptly give notice thereof to the Administrator. The Administrator shall take such action concerning a Termination Event or an Unmatured Termination Event as may be directed by the Majority Purchaser Agents (unless such action otherwise requires the consent of all Purchasers, the LC Bank and/or the Required LC Participants), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Purchasers and the Purchaser Agents.

  • Early Termination Notice If the Corporate Taxpayer chooses to exercise its right of early termination under Section 4.1 above, the Corporate Taxpayer shall deliver to each TRA Party notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporate Taxpayer’s intention to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment(s) due for each TRA Party. Each Early Termination Schedule shall become final and binding on all parties thirty (30) calendar days from the first date on which all TRA Parties are treated as having received such Schedule or amendment thereto under Section 7.1 unless the TRA Party Representative (i) within thirty (30) calendar days after such date provides the Corporate Taxpayer with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”) or (ii) provides a written waiver of such right of a Material Objection Notice within the period described in clause (i) above, in which case such Schedule becomes binding on the date the waiver is received by the Corporate Taxpayer. If the Corporate Taxpayer and the TRA Party Representative, for any reason, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by the Corporate Taxpayer of the Material Objection Notice, the Corporate Taxpayer and the TRA Party Representative shall employ the Reconciliation Procedures in which case such Schedule becomes binding ten (10) calendar days after the conclusion of the Reconciliation Procedures. The TRA Party Representative will fairly represent the interests of each of the TRA Parties and shall timely raise and pursue, in accordance with this Section 4.2, any reasonable objection to an Early Termination Schedule or amendment thereto timely communicated in writing to the TRA Party Representative by a TRA Party.

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