Common use of Prompt Notification Clause in Contracts

Prompt Notification. The RAC Consortium shall promptly notify the State of any non-payment of Revenues (to the extent that the RAC Consortium has actual knowledge of any such non-payment of such Revenues) or other default by an On-Airport Rental Car Company under the Operating Agreement or of any notice of default received by the RAC Consortium under the Operating Agreement.

Appears in 2 contracts

Sources: Concession Agreement and Facility Lease, Concession Agreement