Defaults and Termination. 7.1 DEFAULTS OR VIOLATIONS If Carrier defaults in the payment of any amount due hereunder, or if Xxxx Atlantic fails to provide Services as agreed hereunder, and such default or failure shall continue for thirty (30) days after written notice thereof, the other company may terminate this agreement with seven (7) days written notice.
Defaults and Termination. In the event Subcontractor interferes with the general progress of the general contract by negligence or delay, or Subcontractor abandons this contract or fails or refuses to furnish labor and materials at and when required under the terms of this subcontract, the Contractor may at its election take over said Subcontract, complete the same or cause the same to be completed and charge all sums of money so expended for the completion of this Subcontract against the Subcontractor, and Subcontractor agrees to reimburse the Contractor for any loss sustained thereby.
Defaults and Termination. In case of default, the non-defaulting party shall issue a default notice to the defaulting party. If the default is not fully set right within three months from the date of issue of the default notice, then in case of default by the Seller, the MPPMCL by giving seven days termination notice in writing, may terminate the agreement. In case of default by MPPMCL, the Seller may in the same way terminate the agreement.
Defaults and Termination. A. Termination Without Cause
Defaults and Termination. This Agreement may be terminated without further liability on thirty (30) days prior written notice as follows: (i) by either party upon a default of any covenant or term hereof by the other party, which default is not cured within thirty (30) days of receipt of written notice of default, provided that the grace period for any monetary default is ten (10) days from receipt of notice; or (ii) by either party for any reason or for no reason, provided either party delivers written notice of early termination no later than thirty (30) days prior to the parties election to terminate this Agreement; or (iii) by Business Owner if it does not obtain or maintain any license, permit or other approval necessary for the construction and operation of Encroachment. If either party ("demanding party") has a good faith belief that the other party ("defaulting party") is not complying with the terms of this Agreement, the demanding party shall give written notice of the default (with reasonable specificity) to the defaulting party and demand the default to be cured within ten (10) days of the notice. If the defaulting party is actually in default of this Agreement and fails to cure the default within ten (10) days of the notice, or, if more than ten (10) days are reasonably required to cure the default and the defaulting party fails to give adequate assurance of due performance within ten (10) days of the notice, the demanding party may terminate this Agreement upon written notice to the defaulting party. City may also terminate this Agreement upon written notice to Business Owner in the event that:
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Defaults and Termination. This Agreement may be terminated at any time prior to the Closing Date, as the case may be, by you by written notice to the Company if any of the following has occurred: (i) subsequent to the date of this Agreement, any Material Adverse Change to the Company, which would, in your opinion, make it impracticable or inadvisable to market the Securities, or to enforce contracts for the sale of the Securities, (ii) any outbreak or escalation of hostilities or other national or international calamity or crisis or material adverse change in the financial markets of the United states or elsewhere, if the effect of such outbreak, escalation, calamity, crisis or change in such financial markets would, in your opinion, make it impracticable or inadvisable to market the Securities or to enforce contracts for the sale of the Securities, (iii) any suspension of trading generally in Securities on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market or limitation on prices for Securities on any such exchange or system, (iv) the delisting of the Common Stock from the Nasdaq National Market, (v) any declaration of a general banking moratorium by either Federal or New York state authorities, (vi) the enactment, publication, decree or other promulgation of any Federal or state statute, regulation, rule or order of any court or other governmental authority which in your opinion would have a Material Adverse Effect, (vii) the taking of any action by any Federal, state or local government or agency in respect of its monetary or fiscal affairs that in your opinion has a material adverse effect on the financial markets in the United States, and would, in your opinion, make it impracticable or inadvisable to market the Securities or (viii) the Securities shall have been downgraded or placed on any "watch list" for possible downgrading by any nationally recognized statistical rating organization. If on the Closing Date, any of the Underwriters shall fail or refuse to purchase the Securities which it has agreed to purchase hereunder on such date, and the aggregate principal amount of such Securities that such defaulting Underwriter or Underwriters, as the case may be, agreed but failed or refused to purchase does not exceed 10% of the total principal amount of such Securities to be purchased on such date by all Underwriters, each non-defaulting Underwriter shall be obligated severally, in the proportion which the amount of Securities set forth opposi...
Defaults and Termination. Should Tenant breach this Lease Agreement and abandon the Property prior to the natural expiration of the Lease term, City may continue this Lease in effect by not terminating Tenant's right to possession of the Property, in which case City shall be entitled to enforce all City's rights and remedies under this Lease Agreement including the right to recover rent as it becomes due. If Tenant defaults in performance of any covenant, condition, or agreement contained in this Lease Agreement and the default not be cured within 10 days after written notice by City, then City may terminate this Lease Agreement and bring an action to recover from Tenant the worth at time of award of unpaid rent which had been earned at the time of termination of the Lease Agreement, all amounts necessary to compensate City for all detriment proximately caused by Tenant's failure to perform Tenant's obligations under this Lease Agreement, and such other sums as permitted by law. City may also bring an action, in addition to or in lieu of the foregoing, to reenter and regain possession of the Property in the manner provided by the laws of California. If Tenant becomes insolvent, then City may, by giving 30-days’ written notice to Tenant, terminate this Lease Agreement and forfeit Tenant's interest in the Property and in any improvements or facilities in, on, or appertaining to the Property. For purposes of this section, Tenant shall be conclusively presumed to have become insolvent if Tenant has a receiver appointed to take possession of all or substantially all of Tenant's property because of insolvency; makes a general assignment for the benefit of creditors; or allows any judgment against Tenant to remain unsatisfied and unbonded for 30 days or longer. Tenant specifically agrees to take all necessary measures during the term of this Lease Agreement to eliminate and xxxxx any adverse effects of Tenant's operations upon residential and/or other property in the vicinity, including without limitation noise, odor, etc. In the event of City's receipt of complaints from any person regarding Tenant's operations hereunder, Tenant agrees to cooperate fully with City to promptly and effectively remove or satisfactorily reduce the noise or other aspect of Tenant's business operations giving rise to the complaint. If such corrective actions by Tenant fail to resolve the problem within five days and complaints continue to be lodged with City, City may, by giving ten-days written notice to Tena...
Defaults and Termination. (a) Subject to the grace periods provided in Section 13 below, if Sublessee shall at any time be in default in the payment of Rent or of any other sum required to be paid by Sublessee under this Sublease, or in the performance of or compliance with any of the terms, covenants, conditions or provisions of this Sublease, or if Sublessee breaches or otherwise commits an event of default under those provisions of the Prime Lease applicable to Sublessee’s use and/or occupancy of the Subleased Premises, then and in addition to any other rights or remedies Sublessor may have under this Sublease and at law and in equity, shall have the following rights:
Defaults and Termination. ARTICLE 10. INDEMNIFICATION.............................................. 10.
