Common use of Defaults - General Clause in Contracts

Defaults - General. Subject to the extensions of time set forth in Section 8.07 below, failure or delay by any Party to perform any material term or provision of this Agreement, after receiving written notice thereof and failing to cure, as set forth in Section 8.02 below, constitutes an “Event of Default” under this Agreement. The Claimant will give written notice of default to the defaulting Party, specifying the nature of the default.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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Defaults - General. Subject to the extensions of time set forth in Section 8.07 below10.07 below (Enforced Delay), failure or delay by any Party to perform any material term or provision of this Agreement, after receiving written notice thereof and failing to cure, cure as set forth in Section 8.02 10.02 below, and the breach of a representation and/or warranty of a Party each constitutes an “Event of Default” under this Agreement. The Claimant will Party claiming a default (“Claimant”) shall give written notice of default to the defaulting Party, specifying the nature of the default.

Appears in 1 contract

Samples: Guaranty Agreement

Defaults - General. Subject to the extensions of time set forth in Section 8.07 7.07 below, failure or delay by any Party to perform any material term or provision of this Agreement, after receiving written notice thereof and failing to cure, as set forth in Section 8.02 7.02 below, constitutes an “Event of Default” under this Agreement. The Claimant will give written notice of default to the defaulting Party, specifying the nature of the default.

Appears in 1 contract

Samples: Skywalk Agreement

Defaults - General. Subject to the extensions of time set forth in Section 8.07 9.07 below, failure or delay by any Party to perform any material term or provision of this Agreement, after receiving written notice thereof and failing to cure, as set forth in Section 8.02 9.02 below, constitutes an “Event of Default” under this Agreement. The Claimant will give written notice of default to the defaulting Party, specifying the nature of the default.

Appears in 1 contract

Samples: Development Agreement

Defaults - General. Subject to the extensions of time set forth in Section 8.07 10.07 below, failure or delay by any Party to perform any material term or provision of this Agreement, after receiving written notice thereof and failing to cure, as set forth in Section 8.02 10.02 below, constitutes an “Event of Default” under this Agreement. The Claimant will give written notice of default to the defaulting Party, specifying the nature of the default.

Appears in 1 contract

Samples: Development Agreement

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Defaults - General. Subject to the extensions of time set forth in Section 8.07 belowsubsection G below (Enforced Delay), failure or delay by any Party to perform any material term or provision of this Agreement, after receiving written notice thereof and failing to cure, as set forth in Section 8.02 paragraph B below, constitutes an “Event of Default” under this Agreement. The Claimant will Party claiming a default (“Claimant”) shall give written notice of default to the defaulting Party, specifying the nature of the default.

Appears in 1 contract

Samples: Community Improvement District Development Agreement

Defaults - General. Subject to the extensions of time set forth in Section 8.07 below7.07 below and except as otherwise set forth in this Agreement, failure or delay by any Party to perform any material term or provision of this Agreement, after receiving written notice thereof and failing to cure, as set forth in Section 8.02 7.02 below, constitutes an “Event of Default” under this Agreement. The Claimant will shall give written notice of default to the defaulting Party, specifying the nature of the default.

Appears in 1 contract

Samples: Development Agreement

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