GOP Event of Default; Termination by the Seller Sample Clauses

GOP Event of Default; Termination by the Seller. Each of the following events shall be an event of default by the GOP (each a “GOP Event of Default”), which, if not cured within the time period permitted (if any) to cure, shall give rise to the right on the part of the Seller to terminate this Agreement pursuant to Section 14.2 (Termination Notice); provided, however, that no such event shall be a GOP Event of Default (i) if it results from a breach by the Seller of the Site Sub-lease or the Energy Purchase Agreement or this Agreement, or (ii) if it occurs as a result of a Force Majeure Event, (except in the case of Section 14.1(b)(ii)):
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GOP Event of Default; Termination by the Seller. Each of the following events shall be an event of default by the GOP (each a “GOP Event of Default”), which, if not cured within the time period permitted (if any) to cure, shall give rise to the right on the part of the Seller to terminate this Agreement pursuant to Section 14.2 (Termination Notice); provided, however, that no such event shall be a GOP Event of Default: (A) if it results from a breach by the Seller of: (i) this Agreement, [(ii) the AJ&K Implementation Agreement,] (iii) the Energy Purchase Agreement, (iv) the Water Use Agreement, or (v) the Site Lease; or (B) if it occurs as a result of a Force Majeure Event (except in the case of Section 14.1(b)(ii)):
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Related to GOP Event of Default; Termination by the Seller

  • Termination by Default If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.

  • 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.

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

  • Termination Upon Breach Notwithstanding Section 5.1, this Agreement may be terminated by either party upon written notice to the other party, in the event the other party materially breaches any obligation hereunder and the breaching party fails to cure within 30 days after written notice of the breach.

  • Event of Termination As soon as reasonably practicable and in any event within two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Termination or Incipient Event of Termination (if such Incipient Event of Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Borrower setting forth the details of such Event of Termination or Incipient Event of Termination and the action which the Borrower is taking or proposes to take with respect thereto.

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