DEFAULT PROVISION. In case of default by the successful firm the City may procure the products or services from other sources and hold the firm responsible for any excess cost occasioned or incurred thereby.
DEFAULT PROVISION. The Option #2 default provision is for the second meal break to take place as quickly as practical after the determination that unscheduled overtime will be required For example, Employees report to the project and commence work on a ten (10) hour shift. However, after nine and one-half (9½) hours of work has been completed it is determined that two (2) hours of unscheduled overtime will be required. In such a situation, the second meal break would take place immediately, providing this can be accomplished without any significant negative impact on the efficiency of the work being performed.
DEFAULT PROVISION. AUTOMATIC ROLLOVER OF AMOUNTS OVER $1,000 Unless the Employer otherwise elects in Article III of this Amendment, the provisions of the Plan concerning mandatory distributions of amounts not exceeding $5,000 are amended as follows: In the event of a mandatory distribution greater than $1,000 that is made in accordance with the provisions of the Plan providing for an automatic distribution to a Participant without the Participant’s consent, if the Participant does not elect to have such distribution paid directly to an “eligible retirement plan” specified by the Participant in a direct rollover (in accordance with the direct rollover provisions of the Plan) or to receive the distribution directly, then the Administrator shall pay the distribution in a direct rollover to an individual retirement plan designated by the Administrator.
DEFAULT PROVISION. Item (a) The Activity Program contains no Low Ground Disturbance Activity. Item (b) A Survey is required. Item (c) Site Avoidance Model. Item (d) Only the areas of specific Activities described in the Activity Notice are required to be surveyed. Item (e) Not applicable (Corporation and Proponent to discuss and agree proposed Survey fieldwork start date or end date). Item (f) There is no requirement for a Preliminary Advice or a draft of the Survey Report. Part 4 Optional inclusions in Activity Notice Information on area, terrain and environment of land proposed to be inspected during the heritage survey
DEFAULT PROVISION. If, prior to the date this Amendment has been executed, an ADP Test Safe Harbor notice has been given for a Plan Year for which this Amendment is effective (see Amendment Section 1.1) and such notice provides that there are no allocation conditions imposed on any matching contributions under the Plan, then (1) the Plan will be an ACP Test Safe Harbor plan, provided the ACP Test Safe Harbor requirements are met and (2) the Plan will not impose any allocation conditions on matching contributions. However, if, prior to the date this Amendment has been executed, an ADP Test Safe Harbor notice has been given for a Plan Year for which this Amendment is effective and such notice provides that there are allocation conditions imposed on any matching contributions under the Plan, then the provisions of this Amendment do not modify any such allocation conditions or provisions for that Plan Year and the Plan must satisfy the ACP Test for such Plan Year using the current year testing method. With respect to any Plan Year beginning after the date this Amendment has been executed, if the Plan uses the ADP Test Safe Harbor and provides for matching contributions, then (1) the Plan will be an ACP Test Safe Harbor plan, provided the ACP Test Safe Harbor requirements are met and (2) the Plan will not impose any allocation conditions on matching contributions.
DEFAULT PROVISION. If the Borrower shall fail to pay when due any amount on any of the Loans under this loan agreement, or on any other indebtedness of the Borrower to the Bank, or fail to observe or perform any of the provisions or representations of this loan agreement, or of any security agreement, mortgage, or other security document, or shall be subject to the jurisdiction of a bankruptcy court whether by a voluntary filing or involuntary action, or shall be in default of the Note Purchase Agreement executed by Borrower dated as of July 15, 1998, or any of the documents evidencing such Note Purchase Agreement or securing the obligation thereunder, the Borrower shall be in default. When the Borrower is in default, the Bank may declare by written notice to the Borrower that the Loans and other indebtedness are immediately due and payable. The Bank may then terminate its commitment to lend and cancel any reinstatement rights provided to the Borrower under this loan agreement, and proceed to enforce payment and exercise any or all of the rights afforded to the Bank by law or agreement. Upon demand, and as permitted by law, the Borrower shall reimburse the Bank for all attorneys’ fees and costs incurred by the Bank in protecting or enforcing its rights or collateral, including reasonable attorneys’ fees incurred by the Bank in a bankruptcy or receivership proceeding or in enforcing any judgment against the Borrower.
DEFAULT PROVISION. Borrower’s default or breach under any note or agreement in which Lender has an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Security Instrument. BY SIGNING XXXXX, Xxxxxxxx accepts and agrees to the terms and covenants contained in this 1-4 Family Rider. ____________________________________________________(Seal) -Borrower ____________________________________________________(Seal) -Borrower
DEFAULT PROVISION. In case of default by Debtor in the payment of any payment to Creditor and in the case of a failure to keep and perform any of the covenants and agreements contained in this Secured Loan Agreement, this Secured Loan Agreement shall at once become null and void at the option of the Secured Party and the Agreement shall become due and payable and may be collected without notice, together with the accrued interest at the maximum permitted by law per annum, anything in this agreement to the contrary notwithstanding
DEFAULT PROVISION. In case of default by the successful firm the City/CRA may procure the products or services from other sources and hold the firm responsible for any excess cost occasioned or incurred thereby.
DEFAULT PROVISION. Upon an Event of Default under the Default Provision, any sublicense granted by Quantech to a Preferred Third Party Transferee under a Preferred Transfer Agreement prior to the Event of Default shall survive termination of the license and sublicense rights in the Licensed SPR Technology granted to Spectrum and reversion of such license and sublicense rights to the Serono Companies under the Default Provision, and such Preferred Transfer Agreement shall continue in full force and effect under its own terms and conditions. For purposes of this Section 6, a "Preferred Third Party Transferee" shall be any third party which had assets of $100 million or more at the end of the third party's fiscal year immediately preceding the execution of such Transfer Agreement. For purposes of this Section 6, a "Preferred Transfer Agreement" shall be any Transfer Agreement with a Preferred Third Party Transferee which is approved by LSA, which approval will not be unreasonably withheld.
