Events of Default Requiring Notice or Cure Opportunity for Termination Sample Clauses

Events of Default Requiring Notice or Cure Opportunity for Termination. The failure or refusal by the Company to perform any other obligation under this Agreement (other than those obligations contained in subsection 8.2(A)(1) above), the failure of the Company to provide credit enhancement as required by subsection 9.1(B) hereof, the failure of the Company to pay or credit undisputed amounts owed to the Borough under this Agreement within 60 days following the due date for such payment or credit (including the payment or crediting of any liquidated damage amounts due the Borough in connection with the Performance Obligations), or the failure of the Guarantor to comply with any of its obligations under the Guaranty, shall constitute an Event of Default on the part of the Company for which the Borough may terminate this Agreement; except that no such other failure or refusal shall constitute an Event of Default giving the Borough the right to terminate this Agreement for cause under this subsection unless:
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Events of Default Requiring Notice or Cure Opportunity for Termination. The failure or refusal by the Contractor substantially to perform any other obligation, covenant, service or duty under this Agreement (other than those obligations, covenants, services and duties contained in Section 8.2(a)(i) above) or the falseness or inaccuracy of any representation or warranty made by Contractor herein, unless and to the extent such failure or refusal is excused by an Uncontrollable Circumstance, or the failure of the Contractor to pay or credit undisputed amounts owed to the Owner under this Agreement within thirty (30) days following the due date for such payment or credit or the placement of any Lien or encumbrance upon the Project Site as a result of the action of, or failure to act by, the Contractor or an Affiliate of the Contractor or a Subcontractor, which is not timely discharged pursuant to the provisions of this Agreement, shall constitute an Event of Default on the part of the Contractor for which the Owner may terminate this Agreement;
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Related to Events of Default Requiring Notice or Cure Opportunity for Termination

  • Train Operator Events of Default The following are Train Operator Events of Default:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Events of Default by Either Party It shall constitute an event of default (“Event of Default”) by either Party hereunder if:

  • Opportunity to Remedy Material Breach If an HSP breaches any material provision of this Agreement, including, but not limited to, the reporting requirements in Article 8 and the representations and warranties in Article 10 and the breach has not been satisfactorily resolved under Article 7, the Funder will give the HSP Notice of the particulars of the breach and of the period of time within which the HSP is required to remedy the breach. The Notice will advise the HSP that the Funder may terminate this Agreement:

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

  • Grant Remedies Termination and Prohibited Activities 18 9.1 Remedies 18 9.2 Termination for Convenience 19 9.3 Termination for Cause 19

  • Termination of Default An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

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