{"component": "clause", "props": {"groups": [{"size": 4, "snippet": "In the occurrence of a Default Event, as that term is defined below, Zero Hash, in its sole discretion, shall take the actions described in this section and in accordance with the document governing the Transaction, if applicable, which some Participants of Zero Hash may be required to enter into in order to participate on a Transaction Platform.", "samples": [{"hash": "3j8YNP6Gqyr", "uri": "/contracts/3j8YNP6Gqyr#default-procedures", "label": "Services Agreement", "score": 32.8500642544, "published": true}, {"hash": "7ysylnwtQZh", "uri": "/contracts/7ysylnwtQZh#default-procedures", "label": "Services Agreement", "score": 27.1752224504, "published": true}, {"hash": "kQumhLWeFDh", "uri": "/contracts/kQumhLWeFDh#default-procedures", "label": "Services Agreement", "score": 26.3607118412, "published": true}], "snippet_links": [{"key": "default-event", "type": "definition", "offset": [23, 36]}, {"key": "sole-discretion", "type": "clause", "offset": [87, 102]}, {"key": "the-actions", "type": "clause", "offset": [115, 126]}, {"key": "in-accordance-with", "type": "definition", "offset": [157, 175]}, {"key": "the-transaction", "type": "clause", "offset": [199, 214]}, {"key": "if-applicable", "type": "clause", "offset": [216, 229]}, {"key": "to-enter", "type": "definition", "offset": [284, 292]}, {"key": "in-order-to", "type": "clause", "offset": [298, 309]}, {"key": "transaction-platform", "type": "definition", "offset": [327, 347]}], "hash": "8660a209143ca3f47f9d9c251f9749b6", "id": 3}, {"size": 13, "snippet": "Upon the occurrence of an Event of Default which can be cured by the immediate payment of money to the City or a third party, the Franchisee shall have thirty (30) days from written notice of the occurrence of the Event of Default from the Director to cure the Default before the City may exercise any of the default remedies provided for in Section X. Upon the occurrence of an Event of Default by the Franchisee which cannot be cured by the immediate payment of money to the City or a third party, the Franchisee shall have thirty (30) days from the date of written notice from the City to the Franchisee of the occurrence of the Event of Default to cure the Event of Default before the City may exercise any of its rights or remedies provided for in Section X, unless the Director, the City Manager, or the Council authorizes a longer cure period upon a showing of good cause to extend the cure period. If an Event of Default is not cured within the time period allowed for curing the Event of Default, as provided above, the Event of Default becomes, without additional notice, an Uncured Event of Default, which shall entitle the City to exercise the remedies provided for in Section X.", "samples": [{"hash": "cVwgN9DCcSs", "uri": "/contracts/cVwgN9DCcSs#default-procedures", "label": "Solid Waste Franchise Agreement", "score": 25.427658478, "published": true}, {"hash": "kQVdu1n6zLn", "uri": "/contracts/kQVdu1n6zLn#default-procedures", "label": "Solid Waste Franchise Agreement", "score": 24.7210982425, "published": true}, {"hash": "5X5HX1Lh2Fw", "uri": "/contracts/5X5HX1Lh2Fw#default-procedures", "label": "Solid Waste Franchise Agreement", "score": 24.1704312115, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [0, 42]}, {"key": "payment-of-money", "type": "clause", "offset": [79, 95]}, {"key": "to-the-city", "type": "definition", "offset": [96, 107]}, {"key": "a-third-party", "type": "clause", "offset": [111, 124]}, {"key": "the-franchisee-shall", "type": "clause", "offset": [126, 146]}, {"key": "notice-of-the", "type": "clause", "offset": [182, 195]}, {"key": "the-event", "type": "clause", "offset": [210, 219]}, {"key": "the-director", "type": "clause", "offset": [236, 248]}, {"key": "cure-the-default", "type": "clause", "offset": [252, 268]}, {"key": "default-remedies", "type": "clause", "offset": [309, 325]}, {"key": "default-by-the", "type": "clause", "offset": [388, 402]}, {"key": "date-of", "type": "clause", "offset": [552, 559]}, {"key": "rights-or-remedies", "type": "clause", "offset": [718, 736]}, {"key": "city-manager", "type": "clause", "offset": [789, 801]}, {"key": "the-council", "type": "clause", "offset": [806, 817]}, {"key": "cure-period", "type": "clause", "offset": [838, 849]}, {"key": "showing-of-good-cause", "type": "definition", "offset": [857, 878]}, {"key": "to-extend", "type": "clause", "offset": [879, 888]}, {"key": "an-event-of-default-is", "type": "clause", "offset": [909, 931]}, {"key": "time-period", "type": "definition", "offset": [953, 964]}, {"key": "additional-notice", "type": "definition", "offset": [1063, 1080]}, {"key": "uncured-event-of-default", "type": "definition", "offset": [1085, 1109]}, {"key": "to-exercise", "type": "clause", "offset": [1140, 1151]}], "hash": "82c79ec6da175f8be81c2084d8a298e4", "id": 1}, {"size": 4, "snippet": "Program agreements shall be submitted to the authority via the 260G data system. Program agreements shall document the findings of the community college that all program and employer eligibility requirements have been met. The authority will review agreements for issues of quality. The authority will maintain a record of all approved agreements.", "samples": [{"hash": "2GHnmIjAr74", "uri": "/contracts/2GHnmIjAr74#default-procedures", "label": "Program Agreement", "score": 31.3010923136, "published": true}, {"hash": "giosftTe0nS", "uri": "/contracts/giosftTe0nS#default-procedures", "label": "Program Agreement", "score": 30.9073752607, "published": true}, {"hash": "g6bmVxSss8N", "uri": "/contracts/g6bmVxSss8N#default-procedures", "label": "Program Agreement", "score": 29.8291810149, "published": true}], "snippet_links": [{"key": "program-agreements", "type": "clause", "offset": [0, 18]}, {"key": "to-the-authority", "type": "clause", "offset": [38, 54]}, {"key": "data-system", "type": "clause", "offset": [68, 79]}, {"key": "community-college", "type": "clause", "offset": [135, 152]}, {"key": "employer-eligibility-requirements", "type": "clause", "offset": [174, 207]}, {"key": "the-authority-will", "type": "clause", "offset": [223, 241]}, {"key": "record-of", "type": "clause", "offset": [313, 322]}, {"key": "approved-agreements", "type": "clause", "offset": [327, 346]}], "hash": "65300b6bd7909a715d0096e591aabed9", "id": 2}, {"size": 3, "snippet": "2.1. If for any reason whatsoever the Company:\n(a) fails or neglects, even though the Company is not at fault and whether intentional or unintentional, timely (as extended by Force Majeure) to commence construction and diligently and expeditiously continue construction, and complete the Phase I and II Construction within the time period and in the manner specified in the GDA free of liens arising from the furnishing of labor, materials, supplies, furnishings or equipment for the Phase I and II Construction, other than Permitted Liens; or\n(b) otherwise fails to satisfy and fulfill the Completion Obligations in a timely manner in accordance with the time periods set forth in Section 1.1(a)(i) hereof; or\n(c) fails timely to pay any of the Carry Obligations; or\n(d) shall have filed against it a petition for relief under any bankruptcy law, or any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future statute, law or regulation shall be filed against the Company, and so long as the Completion Guarantors are not otherwise in default under this Completion Guarantee, in any such event the Company shall fail to remedy such default to the Administrative Agent's satisfaction within sixty (60) days after the Company's receipt of a written notice of default with respect thereto from the Administrative Agent; or\n(e) shall be adjudged bankrupt or insolvent, the Company shall make a general assignment for the benefit of creditors, or the Company shall admit in writing its inability to pay its debts as they become due, or the Company shall file a petition for relief under any bankruptcy law, or any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future statute, law or regulation shall be filed by the Company, or the Company shall file an answer admitting or not contesting the material allegations of a petition filed against it in any such proceeding, or the Company shall seek or consent to or acquiesce in the appointment of a trustee, liquidator of the Company or a material part of its properties, or the Company shall voluntarily liquidate or dissolve; then in any such event or at any time thereafter, the Administrative Agent may give written notice to the Completion Guarantors, the Company and the Surety of the occurrence of such event; provided, that if any of the Completion Guarantors, the Company or the Surety is the subject of any bankruptcy case, any inability of the Administrative Agent to give notice to such party as a result of the effect of the bankruptcy case shall not affect the validity or effectiveness of the notice to the other parties which are not the subject of any bankruptcy case.\n2.2. Immediately upon receipt of such notice, the Completion Guarantors shall take all necessary steps to maintain insurance coverage and secure the Casino premises to prevent damage or deterioration to the Casino premises and unauthorized entry or access to the Casino premises (the \"Preservation Obligations\"). If after notice and five (5) Business Days opportunity to cure after such notice, the Completion Guarantors shall fail to perform the Preservation Obligations, such failure shall be a \"Preservation Obligation Default.\"\n2.3. Commencing on the date on which the Administrative Agent gives any such notice to the Completion Guarantors pursuant to Section 2.1 hereof, the Completion Guarantors, at their sole cost, (i) with respect to a Carry Obligation Default shall pay the Carry Obligations when and as due and (ii) with respect to a Completion Obligation Default shall immediately commence to perform the Completion Obligations and thereafter continue diligently and expeditiously until the Completion Obligations are fully performed.\n2.4. Subject to Section 2.5 hereof, if after notice and five (5) Business Days opportunity to cure after such notice, the Completion Guarantors shall fail timely to pay the Carry Obligations (a \"Carry Obligation Default\"), after notice and thirty (30) days opportunity to cure after such notice, the Completion Guarantors shall fail to commence performing the Completion Obligations and diligently thereafter continue to perform the Completion Obligations through the Termination of Construction Date (a \"Completion Obligation Default\"), or a Preservation Obligation Default shall occur, then in addition to all other rights and remedies that may be available to the Administrative Agent under the terms of this Completion Guarantee, or the Credit Agreement and/or the Shared Security Documents, at law or in equity, the Administrative Agent or its agent, in its sole discretion, may proceed as follows:\n(a) The Administrative Agent, at its option, may elect to require specific performance by the Completion Guarantors of any and/or all of the Completion Obligations after a Completion Obligation Default, the Carry Obligations after a Carry Obligation Default or the Preservation Obligations after a Preservation Obligation Default.\n(b) After any default by the Company in its obligations timely to commence and complete the Performance Bond Construction or the Preservation Obligations, the Administrative Agent, at its option, shall have the right, but shall have no obligation, to undertake to require the Surety to perform the Performance Bond Construction or the Preservation Obligations, as the case may be, pursuant to the Performance Bond, exercisable whether or not the Administrative Agent elects to proceed judicially or nonjudicially to foreclose on all or any portion of the Collateral. The Administrative Agent's election to require the Surety to perform the Performance Bond Construction or the Preservation Obligations shall not release, diminish or extinguish the liability of the Company or either Completion Guarantor therefor to the extent the Surety fails to perform such Performance Bond Construction or the Preservation Obligations. The Completion Guarantors shall remain obligated to perform the Carry Obligations notwithstanding any such election and notwithstanding the Surety's performance of the Performance Bond Construction or the Preservation Obligations.\n(c) The Administrative Agent, at its option, shall have the right, but shall have no obligation, to proceed judicially or nonjudicially to foreclose on all or any portion of the Collateral, exercisable whether or not the Administrative Agent elects to require the Completion Guarantors to perform any or all of the Completion Obligations after a Completion Obligation Default, Carry Obligations after a Carry Obligation Default or the Preservation Obligations after a Preservation Obligation Default.\n(d) In addition to the Administrative Agent's right to require specific performance by the Completion Guarantors of any and/or all of the Completion Obligations after a Completion Obligation Default, the Carry Obligations after a Carry Obligation Default and/or the Preservation Obligations after a Preservation Obligation Default, and whether or not the Administrative Agent elects to proceed judicially or nonjudicially to foreclose on all or any portion of the Collateral, and whether or not the Administrative Agent shall have called on the Surety pursuant to the Performance Bond, (i) the Administrative Agent shall have the right to recover from the Completion Guarantors all unreimbursed costs and expenses, including but not limited to attorneys' fees, incurred by the Administrative Agent in protecting, preserving, enforcing or defending its interests in this Completion Guarantee, (ii) after a Carry Obligation Default, the Completion Guarantors shall be liable for the joint benefit of the Administrative Agent, the trustee under the New Bonds Indenture (the \"Trustee\"), the LGCB, the City and the RDC as their interests may appear for any interest or delinquency costs of the Company arising from such Carry Obligation Default; provided that the Completion Guarantors shall not be liable for duplicate payments of the same charge with respect to any such interest or delinquency costs of the Company regardless of whether multiple demands are made by any or all of the RDC, the City, the LGCB, the Trustee, or the Administrative Agent, (iii) after a Completion Obligation Default, the Completion Guarantors shall be liable for the joint benefit of the Administrative Agent, the Trustee, the City and the RDC, and the LGCB as their interests may appear for damages to pay for the costs of performance of the Completion Obligations arising from such Completion Obligation Default or such other damages as may be available at law or in equity; provided that, in no event shall the Completion Guarantors be liable for duplicate payments in respect of such damages nor for more than one performance of the Completion Obligations regardless of whether multiple demands are made by any or all of the RDC, the City, the LGCB, the Administrative Agent or the Trustee, and (iv) after a Preservation Obligation Default, the Completion Guarantors shall be liable for the joint benefit of the Administrative Agent, the Trustee, the City and the RDC, and the LGCB as their interests may appear for damages to pay for the costs of performance of the Preservation Obligations arising from such Preservation Obligation Default; provided that, in no event shall the Completion Guarantors be liable for duplicate payments in respect of such damages nor for more than one performance of the Preservation Obligations regardless of whether multiple demands are made by any or all of the RDC, the City, the LGCB, the Administrative Agent or the Trustee.\n(e) With respect to the Completion Obligations, each Completion Guarantor specifically agrees that this Completion Guarantee continues whether the Company, the Administrative Agent (or any other administrative agent or designee of the Banks) or the Collateral Agent (or any other agent, representative or designee of the Secured Creditors) is lessee under the Lease.\n(f) With respect to the Carry Obligations, each Completion Guarantor specifically agrees that this Completion Guarantee is intended as a contract to guarantee payment unconditionally and irrevocably on a timely basis of all amounts included as Carry Obligations pursuant to Sections 1.1(b) and 1.2 hereof.\n(g) No delay or failure by the Administrative Agent to exercise any remedy against the Completion Guarantors will be construed as a waiver of that right or remedy.\n2.5. The remedies set forth in Sections 2.4 and 7 hereof are not intended to be exclusive of any remedies that the Administrative Agent may have against the Company under the Credit Agreement or other documents or agreements referenced therein or related thereto. The Completion Guarantors recognize that the choice of remedies by the Administrative Agent will necessarily and properly be a matter of the Administrative Agent's business judgment, which the passage of time and events may or may not prove to have been the best choice to maximize recovery by the Administrative Agent at the lowest cost to the Company or the Completion Guarantors. Nevertheless, the choice of alternatives by the Administrative Agent shall not be subject to question or challenge by the Completion Guarantors hereunder, nor shall any such choice be asserted as a defense, set-off or basis for any claim of failure to mitigate damages in any action or proceeding arising from this Completion Guarantee.", "samples": [{"hash": "81xss215DcS", "uri": "/contracts/81xss215DcS#default-procedures", "label": "Bank Completion Guarantee (JCC Holding Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "for-any-reason", "type": "clause", "offset": [8, 22]}, {"key": "at-fault", "type": "definition", "offset": [101, 109]}, {"key": "force-majeure", "type": "definition", "offset": [175, 188]}, {"key": "commence-construction", "type": "clause", "offset": [193, 214]}, {"key": "phase-i-and-ii-construction", "type": "definition", "offset": [288, 315]}, {"key": "free-of-liens", "type": "clause", "offset": [378, 391]}, {"key": "permitted-liens", "type": "clause", "offset": [524, 539]}, {"key": "completion-obligations", "type": "definition", "offset": [591, 613]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [614, 632]}, {"key": "in-accordance-with", "type": "definition", "offset": [633, 651]}, {"key": "time-periods", "type": "definition", "offset": [656, 668]}, {"key": "carry-obligations", "type": "definition", "offset": [746, 763]}, {"key": "for-relief", "type": "clause", "offset": [811, 821]}, {"key": "bankruptcy-law", "type": "definition", "offset": [832, 846]}, {"key": "law-or-regulation", "type": "definition", "offset": [1013, 1030]}, {"key": "completion-guarantors", "type": "definition", "offset": [1086, 1107]}, {"key": "default-under", "type": "clause", "offset": [1129, 1142]}, {"key": "completion-guarantee", "type": "definition", "offset": [1148, 1168]}, {"key": "the-company-shall", "type": "clause", "offset": [1188, 1205]}, {"key": "the-administrative-agent", "type": "clause", "offset": [1237, 1261]}, {"key": "after-the-company", "type": "definition", "offset": [1300, 1317]}, {"key": "written-notice-of-default", "type": "clause", "offset": [1333, 1358]}, {"key": "bankrupt-or-insolvent", "type": "definition", "offset": [1436, 1457]}, {"key": "assignment-for-the-benefit-of-creditors", "type": "clause", "offset": [1492, 1531]}, {"key": "in-writing", "type": "clause", "offset": [1560, 1570]}, {"key": "inability-to-pay", "type": "definition", "offset": [1575, 1591]}, {"key": "the-material", "type": "definition", "offset": [1974, 1986]}, {"key": "consent-to", "type": "clause", "offset": [2083, 2093]}, {"key": "appointment-of-a-trustee", "type": "clause", "offset": [2114, 2138]}, {"key": "material-part", "type": "definition", "offset": [2171, 2184]}, {"key": "at-any-time", "type": "clause", "offset": [2286, 2297]}, {"key": "notice-to-the", "type": "clause", "offset": [2352, 2365]}, {"key": "the-company-and-the", "type": "clause", "offset": [2389, 2408]}, {"key": "subject-of", "type": "clause", "offset": [2534, 2544]}, {"key": "bankruptcy-case", "type": "clause", "offset": [2549, 2564]}, {"key": "to-give-notice", "type": "clause", "offset": [2608, 2622]}, {"key": "such-party", "type": "clause", "offset": [2626, 2636]}, {"key": "effect-of-the", "type": "clause", "offset": [2656, 2669]}, {"key": "the-notice", "type": "clause", "offset": [2736, 2746]}, {"key": "the-other-parties", "type": "clause", "offset": [2750, 2767]}, {"key": "upon-receipt-of", "type": "definition", "offset": [2835, 2850]}, {"key": "necessary-steps", "type": "clause", "offset": [2905, 2920]}, {"key": "maintain-insurance-coverage", "type": "clause", "offset": [2924, 2951]}, {"key": "casino-premises", "type": "definition", "offset": [2967, 2982]}, {"key": "unauthorized-entry", "type": "clause", "offset": [3045, 3063]}, {"key": "access-to-the", "type": "clause", "offset": [3067, 3080]}, {"key": "after-notice", "type": "definition", "offset": [3134, 3146]}, {"key": "business-days", "type": "clause", "offset": [3160, 3173]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [3174, 3193]}, {"key": "obligation-default", "type": "definition", "offset": [3329, 3347]}, {"key": "commencing-on-the", "type": "clause", "offset": [3355, 3372]}, {"key": "section-21", "type": "clause", "offset": [3475, 3486]}, {"key": "with-respect-to", "type": "clause", "offset": [3546, 3561]}, {"key": "default-shall", "type": "definition", "offset": [3581, 3594]}, {"key": "subject-to-section", "type": "clause", "offset": [3871, 3889]}, {"key": "continue-to-perform", "type": "clause", "offset": [4275, 4294]}, {"key": "termination-of-construction-date", "type": "definition", "offset": [4334, 4366]}, {"key": "other-rights-and-remedies", "type": "clause", "offset": [4478, 4503]}, {"key": "available-to", "type": "definition", "offset": [4516, 4528]}, {"key": "terms-of", "type": "definition", "offset": [4564, 4572]}, {"key": "the-credit-agreement", "type": "clause", "offset": [4603, 4623]}, {"key": "shared-security-documents", "type": "definition", "offset": [4635, 4660]}, {"key": "sole-discretion", "type": "clause", "offset": [4729, 4744]}, {"key": "performance-by", "type": "definition", "offset": [4845, 4859]}, {"key": "company-in", "type": "clause", "offset": [5130, 5140]}, {"key": "performance-bond", "type": "clause", "offset": [5193, 5209]}, {"key": "the-right", "type": "clause", "offset": [5308, 5317]}, {"key": "no-obligation", "type": "definition", "offset": [5334, 5347]}, {"key": "require-the", "type": "clause", "offset": [5365, 5376]}, {"key": "the-case", "type": "definition", "offset": [5465, 5473]}, {"key": "pursuant-to-the", "type": "clause", "offset": [5482, 5497]}, {"key": "obligations-shall", "type": "definition", "offset": [5791, 5808]}, {"key": "liability-of-the-company", "type": "clause", "offset": [5849, 5873]}, {"key": "to-the-extent", "type": "clause", "offset": [5914, 5927]}, {"key": "notwithstanding-the", "type": "definition", "offset": [6144, 6163]}, {"key": "in-addition-to-the", "type": "clause", "offset": [6760, 6778]}, {"key": "agent-shall", "type": "definition", "offset": [7270, 7281]}, {"key": "right-to-recover", "type": "clause", "offset": [7386, 7402]}, {"key": "costs-and-expenses", "type": "definition", "offset": [7451, 7469]}, {"key": "not-limited", "type": "clause", "offset": [7485, 7496]}, {"key": "joint-benefit", "type": "clause", "offset": [7737, 7750]}, {"key": "the-trustee", "type": "clause", "offset": [7780, 7791]}, {"key": "bonds-indenture", "type": "definition", "offset": [7806, 7821]}, {"key": "the-city-and-the", "type": "clause", "offset": [7849, 7865]}, {"key": "provided-that", "type": "clause", "offset": [7997, 8010]}, {"key": "payments-of-the", "type": "clause", "offset": [8071, 8086]}, {"key": "multiple-demands", "type": "clause", "offset": [8191, 8207]}, {"key": "pay-for", "type": "clause", "offset": [8536, 8543]}, {"key": "costs-of-performance", "type": "definition", "offset": [8548, 8568]}, {"key": "other-damages", "type": "clause", "offset": [8655, 8668]}, {"key": "available-at", "type": "definition", "offset": [8679, 8691]}, {"key": "in-no-event-shall", "type": "clause", "offset": [8725, 8742]}, {"key": "in-respect-of", "type": "clause", "offset": [8802, 8815]}, {"key": "other-administrative-agent", "type": "definition", "offset": [9889, 9915]}, {"key": "the-banks", "type": "clause", "offset": [9931, 9940]}, {"key": "the-collateral-agent", "type": "clause", "offset": [9945, 9965]}, {"key": "other-agent", "type": "definition", "offset": [9974, 9985]}, {"key": "secured-creditors", "type": "definition", "offset": [10021, 10038]}, {"key": "the-lease", "type": "clause", "offset": [10056, 10065]}, {"key": "guarantee-payment", "type": "definition", "offset": [10216, 10233]}, {"key": "basis-of", "type": "clause", "offset": [10278, 10286]}, {"key": "amounts-included", "type": "clause", "offset": [10291, 10307]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [10329, 10349]}, {"key": "no-delay", "type": "clause", "offset": [10377, 10385]}, {"key": "failure-by-the", "type": "clause", "offset": [10389, 10403]}, {"key": "to-exercise", "type": "clause", "offset": [10425, 10436]}, {"key": "waiver-of", "type": "clause", "offset": [10505, 10514]}, {"key": "right-or-remedy", "type": "clause", "offset": [10520, 10535]}, {"key": "agreement-or", "type": "definition", "offset": [10719, 10731]}, {"key": "other-documents", "type": "definition", "offset": [10732, 10747]}, {"key": "choice-of-remedies", "type": "clause", "offset": [10846, 10864]}, {"key": "business-judgment", "type": "clause", "offset": [10965, 10982]}, {"key": "passage-of-time", "type": "clause", "offset": [10994, 11009]}, {"key": "lowest-cost", "type": "definition", "offset": [11127, 11138]}, {"key": "to-the-company", "type": "clause", "offset": [11139, 11153]}, {"key": "failure-to-mitigate", "type": "clause", "offset": [11425, 11444]}, {"key": "action-or-proceeding", "type": "clause", "offset": [11460, 11480]}], "hash": "92a2d3a870340b84503f19d06827dac1", "id": 4}, {"size": 2, "snippet": "If Rich Dad chooses to declare Licensee in default after the occurrence of any event under Section 7.1 or for any other material breach, then Rich Dad shall provide to Licensee a written notice of default (\u201cNOD\u201d). Licensee shall have the right to cure such default within 30 days of receipt of the NOD, unless such default event cannot be cured in such 30-day period in which case Licensee must demonstrate to Rich Dad\u2019s satisfaction within such 30-day period that it has taken reasonable steps to cure such default event. If Licensee fails to cure the default event within the allotted time, Rich Dad may, at its sole and absolute discretion, declare a material breach of this Agreement and terminate this Agreement effective immediately. Notwithstanding the foregoing, any default under Section 7.1 (a) though (e) are not subject to any cure period, and create an immediate option to terminate for Rich Dad or deem this Agreement terminated for purposes of terminating the Escrow Account created pursuant to the Account Agreement.", "samples": [{"hash": "bnFCX10yNgs", "uri": "/contracts/bnFCX10yNgs#default-procedures", "label": "Settlement Agreement (Tigrent Inc)", "score": 21.4161533196, "published": true}, {"hash": "77v6nMxsSb0", "uri": "/contracts/77v6nMxsSb0#default-procedures", "label": "Licensing Agreement (Tigrent Inc)", "score": 21.4161533196, "published": true}], "snippet_links": [{"key": "in-default", "type": "clause", "offset": [40, 50]}, {"key": "section-71", "type": "clause", "offset": [91, 102]}, {"key": "other-material-breach", "type": "clause", "offset": [114, 135]}, {"key": "to-licensee", "type": "definition", "offset": [165, 176]}, {"key": "written-notice-of-default", "type": "clause", "offset": [179, 204]}, {"key": "licensee-shall", "type": "clause", "offset": [214, 228]}, {"key": "right-to-cure", "type": "clause", "offset": [238, 251]}, {"key": "receipt-of", "type": "clause", "offset": [283, 293]}, {"key": "default-event", "type": "definition", "offset": [315, 328]}, {"key": "day-period", "type": "definition", "offset": [356, 366]}, {"key": "reasonable-steps-to-cure", "type": "clause", "offset": [478, 502]}, {"key": "cure-the-default", "type": "clause", "offset": [544, 560]}, {"key": "allotted-time", "type": "definition", "offset": [578, 591]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [614, 642]}, {"key": "material-breach-of-this-agreement", "type": "clause", "offset": [654, 687]}, {"key": "effective-immediately", "type": "definition", "offset": [717, 738]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [740, 769]}, {"key": "default-under", "type": "clause", "offset": [775, 788]}, {"key": "subject-to", "type": "definition", "offset": [824, 834]}, {"key": "cure-period", "type": "clause", "offset": [839, 850]}, {"key": "option-to-terminate", "type": "definition", "offset": [876, 895]}, {"key": "agreement-terminated", "type": "clause", "offset": [922, 942]}, {"key": "for-purposes-of", "type": "clause", "offset": [943, 958]}, {"key": "the-escrow-account", "type": "clause", "offset": [971, 989]}, {"key": "account-agreement", "type": "definition", "offset": [1014, 1031]}], "hash": "26dc5a5dd21fd855a31784add3b4a703", "id": 5}, {"size": 2, "snippet": "If a party believes a default has occurred, it may notify the other party in writing of such alleged default, specifying its nature. The parties shall meet within thirty (30) days to attempt to agree in whether there is such a default and, if so, on an appropriate remedy. If the parties are unable to agree, the complaining party may, within sixty (60) days after giving notice of such default, begin arbitration proceedings as provided for in this Exploration Agreement.", "samples": [{"hash": "BIE1tWEOgi", "uri": "/contracts/BIE1tWEOgi#default-procedures", "label": "Exploration and Option to Lease Agreement (Westmoreland Coal Co)", "score": 21.0, "published": true}, {"hash": "8k2xwZkW13J", "uri": "/contracts/8k2xwZkW13J#default-procedures", "label": "Exploration and Option to Lease Agreement (Westmoreland Coal Co)", "score": 21.0, "published": true}], "snippet_links": [{"key": "a-party", "type": "clause", "offset": [3, 10]}, {"key": "a-default", "type": "definition", "offset": [20, 29]}, {"key": "notify-the", "type": "clause", "offset": [51, 61]}, {"key": "other-party", "type": "definition", "offset": [62, 73]}, {"key": "in-writing", "type": "clause", "offset": [74, 84]}, {"key": "the-parties-shall", "type": "clause", "offset": [133, 150]}, {"key": "within-thirty", "type": "clause", "offset": [156, 169]}, {"key": "attempt-to-agree", "type": "clause", "offset": [183, 199]}, {"key": "an-appropriate", "type": "clause", "offset": [250, 264]}, {"key": "parties-are", "type": "clause", "offset": [280, 291]}, {"key": "complaining-party", "type": "clause", "offset": [313, 330]}, {"key": "notice-of", "type": "clause", "offset": [372, 381]}, {"key": "arbitration-proceedings", "type": "clause", "offset": [402, 425]}, {"key": "exploration-agreement", "type": "definition", "offset": [450, 471]}], "hash": "d3dece6c450a113ea797aafd9a078d61", "id": 6}, {"size": 1, "snippet": "If Lessee defaults in any of the following particulars: Fails to pay the fees prescribed in this Agreement with reasonable promptness as the same shall become due following no less than ten (10) days written notice from City of such delinquency; or Breaches any other term or condition of this Agreement; then City shall give Lessee written notice, either by mail or personal service, setting forth the nature of the default and a demand that said default be cured and remedied. If Lessee fails, neglects or refuses within thirty (30) days after the giving of said notice to cure or remedy the default, or commence and diligently continue such cure, then City, upon notice and without suit or other proceedings, may terminate this Agreement and cancel and annul the rights and privileges granted herein.", "samples": [{"hash": "cqLwcRE8nbk", "uri": "/contracts/cqLwcRE8nbk#default-procedures", "label": "Dark Fiber Lease Agreement", "score": 23.2422997947, "published": true}], "snippet_links": [{"key": "lessee-defaults", "type": "clause", "offset": [3, 18]}, {"key": "fails-to-pay", "type": "clause", "offset": [56, 68]}, {"key": "the-fees", "type": "clause", "offset": [69, 77]}, {"key": "in-this-agreement", "type": "clause", "offset": [89, 106]}, {"key": "reasonable-promptness", "type": "definition", "offset": [112, 133]}, {"key": "written-notice", "type": "definition", "offset": [200, 214]}, {"key": "city-of", "type": "clause", "offset": [220, 227]}, {"key": "other-term", "type": "clause", "offset": [262, 272]}, {"key": "condition-of", "type": "clause", "offset": [276, 288]}, {"key": "city-shall", "type": "clause", "offset": [310, 320]}, {"key": "by-mail", "type": "clause", "offset": [356, 363]}, {"key": "personal-service", "type": "clause", "offset": [367, 383]}, {"key": "nature-of-the", "type": "clause", "offset": [403, 416]}, {"key": "within-thirty", "type": "clause", "offset": [516, 529]}, {"key": "days-after", "type": "definition", "offset": [535, 545]}, {"key": "notice-to-cure", "type": "clause", "offset": [565, 579]}, {"key": "upon-notice", "type": "definition", "offset": [661, 672]}, {"key": "other-proceedings", "type": "clause", "offset": [693, 710]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [716, 740]}, {"key": "rights-and-privileges", "type": "definition", "offset": [766, 787]}], "hash": "aa6a5ab3c3d71d99abb71a6ec2d1dc58", "id": 7}, {"size": 1, "snippet": "Lender shall undertake the following procedures for a Loan in Default:\n11.2.1 For a Loan for which a Guarantee has been issued, the Loss Reserve shall be used to pay the guaranteed percent for unrecovered losses of the Loan. Lender shall be reimbursed for only the guaranteed portion of principal and interest of a Loan that is in Default. The Guarantee shall be paid solely from the Loss Reserve. The State of Utah and USBGI shall not be liable or obligated beyond money allocated from the Loss Reserve for the amount of the Guarantee.\n11.2.2 Failure of the Borrower to comply with any terms or conditions, other than non-payment as stated above, of the Note and related Loan documents executed by Borrower in favor of Lender shall not constitute a Default for the purposes of filing a Claim against the Guarantee by Lender. A Lender shall not be authorized to file a Claim unless and until it has fully complied with this Section 11. The requirements in this section are in addition to the requirements contained in the preceding sections.\n11.2.3 In the event of a Default, Lender must liquidate all Collateral, but shall not be required to file a lawsuit against any Borrower or Guarantor. \u201cLiquidation\u201d as used in this Section means that the Lender has exhausted all Collateral by one of the following methods:", "samples": [{"hash": "9YIhNrxVbRv", "uri": "/contracts/9YIhNrxVbRv#default-procedures", "label": "Master Agreement for Loan Participations and Loan Guarantees", "score": 23.1533196441, "published": true}], "snippet_links": [{"key": "a-loan", "type": "definition", "offset": [52, 58]}, {"key": "in-default", "type": "clause", "offset": [59, 69]}, {"key": "loss-reserve", "type": "clause", "offset": [132, 144]}, {"key": "to-pay", "type": "clause", "offset": [159, 165]}, {"key": "the-guaranteed", "type": "clause", "offset": [166, 180]}, {"key": "the-loan", "type": "clause", "offset": [215, 223]}, {"key": "principal-and-interest", "type": "definition", "offset": [287, 309]}, {"key": "state-of-utah", "type": "definition", "offset": [402, 415]}, {"key": "failure-of-the-borrower", "type": "clause", "offset": [544, 567]}, {"key": "comply-with", "type": "clause", "offset": [571, 582]}, {"key": "the-note", "type": "clause", "offset": [651, 659]}, {"key": "related-loan-documents", "type": "clause", "offset": [664, 686]}, {"key": "by-borrower", "type": "clause", "offset": [696, 707]}, {"key": "of-lender", "type": "clause", "offset": [717, 726]}, {"key": "a-default", "type": "definition", "offset": [748, 757]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [758, 777]}, {"key": "filing-a-claim", "type": "clause", "offset": [778, 792]}, {"key": "by-lender", "type": "clause", "offset": [815, 824]}, {"key": "a-lender", "type": "definition", "offset": [826, 834]}, {"key": "file-a-claim", "type": "clause", "offset": [862, 874]}, {"key": "section-11", "type": "definition", "offset": [924, 934]}, {"key": "the-requirements", "type": "clause", "offset": [936, 952]}, {"key": "in-addition-to-the", "type": "clause", "offset": [973, 991]}, {"key": "contained-in", "type": "definition", "offset": [1005, 1017]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [1049, 1066]}, {"key": "the-lender", "type": "clause", "offset": [1242, 1252]}], "hash": "2d0a71e2f0f1928018c068af10b50051", "id": 8}, {"size": 1, "snippet": "1) The transactions conducted by the Member in the Market shall become due and payable in the following situations.\na. Expiry of the settlement positions of the transactions it has conducted in the Market.\nb. Failure of the Member to fulfill its margin call and guarantee fund contribution depositing obligations despite to the call being issued in accordance with the principles and procedures stipulated in the relevant legislation.\nc. Decision made by Takasbank for liquidation of the liabilities of the Member due to occurrence of any situation necessitating the restriction of the Member\u2019s activities pursuant to the relevant legislation.\n2) If the Member fails to fulfill its obligations in accordance with the principles and procedures set forth in the relevant legislation on the date on which the debt has become due and payable, it would have been defaulted without requiring Takasbank to issue a protest, serve any warning and grant an extension nor to initiate any legal proceeding and take any action thereof.\n3) In case the Member falls into default, it shall be obliged to pay a default interest at a rate set forth in the relevant legislation. If Takasbank incurs any loss exceeding the default interest due to default of the Member, the Member shall also be obliged to indemnify such losses. Takasbank shall have the right of settlement, off-set and retention on the Member\u2019s accounts at Takasbank and all of its rights and receivables against the Member\u2019s debts that have become due and payable, all types of interest and other costs arising from such debt and any loss exceeding the default interest.\n4) In the event the receivables are required to be covered from collateral due to default of the Member in the payment to Takasbank of its debts arising from the transactions it has conducted in the Market or because of reasons referred to in this Agreement or the relevant legislation, Takasbank shall be entitled to sell the asset/foreign currency subject to the collateral in the exchange or other organized markets, if such asset is listed in any of these markets, provided that it shall be not less than its value in these markets, and cover its receivable from the sale proceeds thereof without having any obligation to fulfill any precondition such as serving any notice or warning, allotting time, obtaining a permission or approval from the administrative or judicial authorities, turning collateral into cash through an auction or another way, etc. and set-off its receivable from cash whose title has been transferred to it for collateral purposes. In case of any need to cover the receivables from the collateral, Takasbank can also exercise, if wishes, its right to keep under its possession up to the portion of collateral that will be sufficient to cover its receivable. In such a case, Takasbank shall take as the base the value of the assets subject to the collateral as at the moment on which it has exercised its right to choose.\n5) If any need to resort to the collateral arises due to the default, which assets are firstly to be used shall be determined by Takasbank, and the Member accepts in advance that it shall have no right to object to the decision of Takasbank thereof.\n6) If the debt becomes due and payable due to the failure of the Member to fulfill its margin call obligation, Takasbank shall be entitled to liquidate the debts of the Member by turning into cash, in accordance with the default provisions, the collateral in the relevant account causing the default.\n7) The Member accepts that it shall not raise any claim against Takasbank by alleging that it has incurred loss due to dispose of the collateral and close of the positions by Takasbank because of default, and that, all type of costs and other financial liabilities arising from these transactions shall belong to the Member.\n8) Takasbank shall be obliged to deliver the relevant asset/cash receivable to the Member provided that the Member has fulfilled its obligation.\n9) In case of any default, Takasbank shall not allow the Member to withdraw its collateral in its relevant accounts. Takasbank can restrain the order transmission over all accounts of the Member by taking account of the size of the default.", "samples": [{"hash": "j0sartzzHMX", "uri": "/contracts/j0sartzzHMX#default-procedures", "label": "Participant Agreement", "score": 26.4658170921, "published": true}], "snippet_links": [{"key": "the-transactions", "type": "clause", "offset": [3, 19]}, {"key": "by-the-member", "type": "clause", "offset": [30, 43]}, {"key": "the-market", "type": "definition", "offset": [47, 57]}, {"key": "due-and-payable", "type": "clause", "offset": [71, 86]}, {"key": "expiry-of", "type": "clause", "offset": [119, 128]}, {"key": "the-settlement", "type": "clause", "offset": [129, 143]}, {"key": "failure-of-the", "type": "clause", "offset": [209, 223]}, {"key": "margin-call", "type": "definition", "offset": [246, 257]}, {"key": "fund-contribution", "type": "definition", "offset": [272, 289]}, {"key": "in-accordance-with", "type": "definition", "offset": [346, 364]}, {"key": "principles-and-procedures", "type": "definition", "offset": [369, 394]}, {"key": "relevant-legislation", "type": "definition", "offset": [413, 433]}, {"key": "the-liabilities", "type": "clause", "offset": [484, 499]}, {"key": "restriction-of-the", "type": "clause", "offset": [567, 585]}, {"key": "pursuant-to-the", "type": "clause", "offset": [606, 621]}, {"key": "the-debt", "type": "clause", "offset": [802, 810]}, {"key": "to-issue", "type": "clause", "offset": [896, 904]}, {"key": "legal-proceeding", "type": "clause", "offset": [977, 993]}, {"key": "any-action", "type": "definition", "offset": [1003, 1013]}, {"key": "to-pay", "type": "clause", "offset": [1085, 1091]}, {"key": "default-interest", "type": "definition", "offset": [1094, 1110]}, {"key": "any-loss", "type": "definition", "offset": [1180, 1188]}, {"key": "interest-due", "type": "definition", "offset": [1211, 1223]}, {"key": "default-of-the-member", "type": "clause", "offset": [1227, 1248]}, {"key": "to-indemnify", "type": "clause", "offset": [1283, 1295]}, {"key": "right-of", "type": "definition", "offset": [1334, 1342]}, {"key": "types-of", "type": "clause", "offset": [1518, 1526]}, {"key": "other-costs", "type": "clause", "offset": [1540, 1551]}, {"key": "the-receivables", "type": "clause", "offset": [1636, 1651]}, {"key": "payment-to", "type": "clause", "offset": [1731, 1741]}, {"key": "agreement-or", "type": "definition", "offset": [1868, 1880]}, {"key": "to-sell", "type": "clause", "offset": [1935, 1942]}, {"key": "foreign-currency", "type": "clause", "offset": [1953, 1969]}, {"key": "the-collateral", "type": "definition", "offset": [1981, 1995]}, {"key": "the-exchange", "type": "clause", "offset": [1999, 2011]}, {"key": "provided-that", "type": "clause", "offset": [2089, 2102]}, {"key": "sale-proceeds", "type": "definition", "offset": [2191, 2204]}, {"key": "obligation-to", "type": "clause", "offset": [2232, 2245]}, {"key": "any-notice", "type": "definition", "offset": [2287, 2297]}, {"key": "judicial-authorities", "type": "definition", "offset": [2388, 2408]}, {"key": "in-case-of", "type": "clause", "offset": [2580, 2590]}, {"key": "the-value", "type": "clause", "offset": [2855, 2864]}, {"key": "the-assets", "type": "clause", "offset": [2868, 2878]}, {"key": "right-to-choose", "type": "clause", "offset": [2952, 2967]}, {"key": "in-advance", "type": "clause", "offset": [3132, 3142]}, {"key": "right-to-object-to", "type": "clause", "offset": [3165, 3183]}, {"key": "the-decision", "type": "clause", "offset": [3184, 3196]}, {"key": "default-provisions", "type": "clause", "offset": [3440, 3458]}, {"key": "incurred-loss", "type": "definition", "offset": [3618, 3631]}, {"key": "dispose-of", "type": "definition", "offset": [3639, 3649]}, {"key": "type-of", "type": "definition", "offset": [3739, 3746]}, {"key": "other-financial-liabilities", "type": "definition", "offset": [3757, 3784]}, {"key": "to-the-member", "type": "clause", "offset": [3830, 3843]}, {"key": "relevant-accounts", "type": "definition", "offset": [4088, 4105]}, {"key": "order-transmission", "type": "clause", "offset": [4134, 4152]}, {"key": "all-accounts", "type": "clause", "offset": [4158, 4170]}], "hash": "a981a4da11d44f0f100e3c4a635379b1", "id": 9}, {"size": 1, "snippet": "The following procedures shall be used by Lender for a Default and Workout. The performance of the procedures shall be a condition precedent to USBGI\u2019s further obligations for a Participation or on a Guarantee:", "samples": [{"hash": "9YIhNrxVbRv", "uri": "/contracts/9YIhNrxVbRv#default-procedures", "label": "Master Agreement for Loan Participations and Loan Guarantees", "score": 23.1533196441, "published": true}], "snippet_links": [{"key": "by-lender", "type": "clause", "offset": [39, 48]}, {"key": "a-default", "type": "definition", "offset": [53, 62]}, {"key": "the-performance", "type": "clause", "offset": [76, 91]}, {"key": "the-procedures", "type": "definition", "offset": [95, 109]}, {"key": "condition-precedent", "type": "definition", "offset": [121, 140]}, {"key": "further-obligations", "type": "clause", "offset": [152, 171]}], "hash": "0de670473f9bb9624682afbe6aecb8db", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtkZWZhdWx0LXByb2NlZHVyZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Default Procedures", "size": 44, "children": [["mortgage-insurance-claims", "Mortgage Insurance Claims"], ["procedures-on-default", "Procedures on Default"], ["participant", "Participant"], ["default-event-procedure", "Default Event Procedure"], ["default-event-definition", "Default Event Definition"]], "parents": [["default", "Default"], ["money-transmission-services", "Money Transmission Services"], ["tribal-land", "Tribal Land"], ["approval-of-agreements-does-not-constitute-permission-to-mine", "Approval of Agreements Does Not Constitute Permission to Mine"], ["relinquishment-of-supervision", "Relinquishment of Supervision"]], "id": "default-procedures", "related": [["disbursement-procedures", "Disbursement Procedures", "Disbursement Procedures"], ["payment-procedures", "Payment Procedures", "Payment Procedures"], ["mandatory-procedures", "Mandatory Procedures", "Mandatory Procedures"], ["reimbursement-procedures", "Reimbursement Procedures", "Reimbursement Procedures"], ["recovery-procedures", "Recovery Procedures", "Recovery Procedures"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": ["What default triggers should be explicitly defined to avoid ambiguity?", "How can cure periods be structured to balance flexibility and protection?", "What are the most effective remedies to include for each party in case of default?", "How do these default procedures compare to industry standards or statutory defaults?", "What factors most often render default procedures unenforceable in court?"], "drafting_tip": "Specify default triggers to prevent disputes, outline notice requirements to ensure due process, and detail remedies to clarify consequences.", "explanation": "The Default Procedures clause outlines the steps and actions that must be taken if one party fails to fulfill its contractual obligations. Typically, this clause specifies the process for notifying the defaulting party, any grace periods for remedying the default, and the consequences if the default is not cured, such as termination of the agreement or imposition of penalties. Its core practical function is to provide a clear, structured response to breaches of contract, ensuring both parties understand their rights and obligations in the event of a default and reducing uncertainty or disputes over how defaults are handled."}, "json": true, "cursor": ""}}