Default Procedure. 13.1. Where either party fails to comply with the provisions of the Agreement (except where this failure entitles the party not so failing to proceed to termination pursuant to Section 10 (Termination)), the party not in default will serve notice in writing stating:
Default Procedure. In the event that Customer fails to make the accelerated advance payments in the amounts and on the dates established by the parties, or if the parties are unable to agree on the dates and amounts for the accelerated advance payments, the Customer shall pay interest as described in paragraph 5, above.
Default Procedure. (a) If a Default occurs, the Administrative Agent shall promptly after becoming aware of the same notify the Lenders in writing of such occurrence.
Default Procedure. If a Member (or other Distributee, if applicable) does not make a timely election whether or not to directly roll over his Eligible Rollover Distribution within a reasonable period permitted by the Committee for making such election, such distribution shall be made directly to the Member (or other Distributee, if applicable). Notwithstanding the foregoing, effective March 28, 2005, such Eligible Rollover Distributions made to a Member prior to Normal Retirement Date that exceed $1,000 but do not exceed $5,000 will be automatically rolled over to an individual retirement account, as described in Section 8.1.2.
Default Procedure. (1). Whether the lessor or the lessee is in default under a lease contract is determined by the lease agreement and this Article. [PL 1991, c. 805, §4 (NEW).]
Default Procedure. The Security shall become immediately enforceable:
Default Procedure. The Charge shall become immediately enforceable:
Default Procedure. If you breach this Master Lease or violate the terms of the TSP Documentation, then Ryder may send you a notice of default. You will have 48 hours from the time that Ryder sends you the notice to cure the default. If you fail to cure a default as required by this Paragraph, then Ryder may, at its option, without prejudice to Ryder’s other remedies under the TSP Documentation, at law or in equity: (i) immediately return any or all TSP Vehicles to the proper TSP Vehicle Drop-Off Location, without further demand or notice (unless required by law in the relevant jurisdiction); (ii) remove all TSP Vehicles from any available vehicle listings in the TSP; (iii) terminate your access to the TSP Software; and/or (iv) terminate the Master Lease or individual Short-Term TSP Leases as to any or all of the TSP Vehicles. Default related to uncertified or unsafe TSP Vehicles shall not be subject to the 48 hour cure period and may be immediately removed from the TSP at Ryder’s sole discretion.
Default Procedure. If at any time any party is in Material ----------------- Breach of this Agreement, then in addition to all other rights and remedies available under applicable law or in equity, the other party shall have the right to terminate this Agreement without further notice or demand. "Material Breach" shall mean (i) as to a failure of payment, that full payment has not been received within five (5) days after the owing party's receipt of written notice that the payment was due, (ii) as to any other type of failure, a material failure or performance of a party's obligations under this Agreement if such failure remains uncured thirty (30) days after receipt of written notice of the failure, and (iii) as to TRS, failure to cause the replacement or restoration of the Letter of Credit, as applicable, within five (5) days following its complete or partial draw due to the occurrence of a Material Breach hereunder except, as to (i), (ii) or (iii) above, if prevented by a force majeure under Section 16.K below.
Default Procedure. If you breach this Agreement, then Ryder may send you a notice of default. You will have 7 days from the date that Ryder sends you the default notice to cure the default.
