Common use of Non-Monetary Default Clause in Contracts

Non-Monetary Default. The occurrence of any of the following, except to the extent constituting a Monetary Default: (a) any failure of a Party to perform any of such Party’s obligations under this Agreement; (b) any failure of a Party to comply with any material restriction or prohibition in this Agreement; or (c) any other event or circumstance that, with passage of time or giving of Notice, or both, would constitute a breach of this Agreement by a Party.

Appears in 7 contracts

Samples: Improvement District Management Agreement, Improvement District Management Agreement, Improvement District Management Agreement

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Non-Monetary Default. The occurrence occmTence of any of the following, except to the extent constituting a Monetary Default: (a) any failure of a Party Xxxxx to perform any of such Party’s Patt y' s obligations under this Agreement; (b) any failure of a Party to comply with any material restriction or prohibition in this Agreement; or (c) any other event or circumstance that, with passage of time or giving of Notice, or both, would constitute a breach of this Agreement by a PartyXxxxx.

Appears in 1 contract

Samples: Improvement District Management Agreement

Non-Monetary Default. The occurrence of any of the followingfollowing events, except to the extent constituting a Monetary Default or an Escrow Default: (a) any the failure of a Party to perform any one of such Party’s its obligations under this Agreement; (b) any the failure of a Party to comply with any material restriction covenant, condition, restriction, or prohibition in this Agreement; or (c) any other event or circumstance that, with passage of time or giving of Notice, or both, would constitute a breach of this Agreement by a PartyAgreement.

Appears in 1 contract

Samples: Disposition and Development Agreement

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Non-Monetary Default. The occurrence of any of the following, except to the extent constituting a Monetary Default or an Escrow Default: (a) any failure of a Party to perform any of such Party’s obligations under this Agreement; (b) any failure of a Party to comply with any material restriction or prohibition in this Agreement; or (c) any other event or circumstance that, with passage of time or giving of Notice, or both, would constitute a breach of this Agreement by a Party.

Appears in 1 contract

Samples: Disposition and Development Agreement

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