Non-Compliance/ Default Clause Samples
Non-Compliance/ Default. H-GAC shall report all Borrowers who have been non-compliant or are in default with their loan requirement for more than 90 days to the Fort Bend County Auditor. H-GAC is not authorized to perform collection services or file legal action on behalf of Fort Bend County. Only the County will how to proceed on defaulted loans, including whether to file action. H-GAC's further responsibility for the loan ends once the County has been notified of the default and HGAC has tendered all records for and documents for the file to County. HGAC still retains any contractual duties for the file incurred prior to notification to County of the default.
Non-Compliance/ Default. If a purported Affiliate Transaction does not comply with all requirements and conditions for a qualified Affiliate Transaction, such transaction shall require LESSOR's consent in accordance with the procedures in section 11.2 of this Addendum and the occurrence of such transaction without such consent shall constitute a Default under this Lease.