Common use of Right to Terminate Following Event of Default Clause in Contracts

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party may, by not more than 20 days’ notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Swap Transactions.

Appears in 2 contracts

Samples: New Ulm Telecom Inc, New Ulm Telecom Inc

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Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the "Defaulting Party") has occurred and is then continuing, the other party (the "Non-defaulting Party") may, by not more than 20 days’ five (5) days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Swap Transactions.

Appears in 1 contract

Samples: Master Swap Agreement

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party Party (the “Defaulting Party”) has occurred and is then continuing, after giving effect to the applicable Cure Period, the other party Party (the “Non-Defaulting Party”) may, by not more than 20 twenty (20) days’ notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Swap Transactions.this Agreement. 16

Appears in 1 contract

Samples: Purchase and Sale Agreement

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the "Defaulting Party") has occurred and is then continuing, the other party (the "Non-defaulting Party") may, by not more than 20 days’ days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Swap Transactions.. If, however, "Automatic Early Termination" is specified in the Schedule as applying to a party, then an Early

Appears in 1 contract

Samples: Master Agreement (Cit Equipment Collateral 2003-Vt1)

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Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days’ days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Swap Transactions.. If,

Appears in 1 contract

Samples: 2002 Master Agreement (Verizon Master Trust)

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