Common use of Default Procedure Clause in Contracts

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 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.