EVENTS OF DEFAULT, TERMINATION, AND RECAPTURE OF TIF SUBSIDY Sample Clauses

EVENTS OF DEFAULT, TERMINATION, AND RECAPTURE OF TIF SUBSIDY. A. DISD Default. DISD shall be in default under this Agreement if (i) DISD fails to perform or observe or otherwise breaches any term, condition, obligation or covenant contained herein; (ii) DISD fails to pay when due all ad valorem and business personal property taxes for all property owned by DISD within the City of Dallas; (iii) DISD is convicted of a violation under 8 U.S.C. Section 1324a; or (iv) any statement, warranty or representation contained herein is determined by City to be false (each, a “Default”), and such Default remains uncured 90 days after the date of written notice to DISD by City (“Uncured Default”).
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Related to EVENTS OF DEFAULT, TERMINATION, AND RECAPTURE OF TIF SUBSIDY

  • Events of Default by Seller In addition to the Events of Default described in Section 9.1, each of the following shall constitute an Event of Default by Seller hereunder:

  • Events of Default and Termination 13.1 If:

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

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

  • Events of Default Any of the following shall constitute an Event of Default:

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • Events of Termination Subject to Section 6.4 below, this Agreement will terminate as to a Fund:

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

  • Term, Termination and Renewal The initial term of this Agreement shall be defined in the Scope of Service or Payment Schedule above. If the services provided are for an annual rate and extend for multiple years, PROFESSIONAL will prorate the first year of the agreement to match the fiscal year for the CLIENT, followed by consecutive, 12-month periods. This Agreement shall automatically renew for successive terms which consist of a twelve (12) month period, subject to earlier termination as set forth in this Agreement or upon written notification by either party thirty (30) days prior to the end of a term. If, for any reason, this Agreement is terminated prior to the end of a term, any waived or discounted fees or specified promotional items provided by PROFESSIONAL shall be invoiced by PROFESSIONAL and paid by CLIENT.

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