TERMINATION DUE TO BREACH OR DEFAULT Sample Clauses

TERMINATION DUE TO BREACH OR DEFAULT. If: (i) any action taken by SV Partner in connection with its obligations under this ARTICLE 2 or otherwise in connection with marketing, selling or promoting the Cards are in contravention of any Applicable Law, and SV Partner fails to correct such actions so as to comply with such Applicable Law within fifteen (15) days after receipt of written notice thereof from Merrick; or (ii) if there is a material default by SV Partner in the performance of any of its other obligations under this ARTICLE 2 or otherwise in connection with marketing, selling or promoting the Cards and such default shall continue for a period of thirty (30) days after receipt of written notice thereof (setting forth in reasonable detail the nature of the default) from Merrick, then Merrick shall have the right to terminate the Marketing Period immediately upon written notice to SV Partner.
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TERMINATION DUE TO BREACH OR DEFAULT. In the event of a material breach or default of a party's obligations under this Agreement, the non-breaching party may give written notice thereof to the breaching party and if the breach or default continues uncured for a period of thirty (30) days after the notice, the nonbreaching party may request an immediate face-to-face meeting with the most senior officer of the breaching party for the purpose of discussing resolution of the underlying breach or default. If no agreed upon plan to resolve the underlying issues results from such a meeting, or if the most senior officer of the breaching party does not agree to and conduct the meeting as soon as is reasonable and practicable, then the non-breaching party may immediately terminate this agreement upon written notice to the other of such an election to terminate.
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TERMINATION DUE TO BREACH OR DEFAULT. This Agreement will immediately terminate upon notice by either party to the other to the effect that:
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Related to TERMINATION DUE TO BREACH OR DEFAULT

  • Breach or Default Upon any breach or default by LICENSEE of any term or condition herein contained, ASCAP may terminate this license by giving LICENSEE thirty days notice to cure such breach or default, and in the event that such breach or default has not been cured within said thirty days, this license shall terminate on the expiration of such thirty-day period without further notice from ASCAP. In the event of such termination, ASCAP shall refund to LICENSEE any unearned license fees paid in advance.

  • No Breach or Default In no event will either party be liable or responsible to the other party, or be deemed to have defaulted under or breached this Agreement, for any failure or delay in fulfilling or performing any term of this Agreement (except for any payment obligation) when and to the extent such failure or delay is caused by any circumstances beyond such party’s reasonable control (a “Force Majeure Event”), including acts of God, flood, fire, earthquake or explosion, pandemic, war, terrorism, invasion, riot or other civil unrest, embargoes or blockades in effect on or after the date of this Agreement, national or regional emergency, strikes, labor stoppages or slowdowns or other industrial disturbances, passage of Law or any action taken by a governmental or public authority, including imposing an embargo, export or import restriction, quota or other restriction or prohibition or any complete or partial government shutdown, or national or regional shortage of adequate power or telecommunications or transportation. Either party may terminate this Agreement if a Force Majeure Event continues substantially uninterrupted for a period of 30 days or more.

  • Material Breach or Early Termination Section 9.1. EVENTS CONSTITUTING MATERIAL BREACH OF AGREEMENT. Applicant shall be in Material Breach of this Agreement if it commits one or more of the following acts or omissions:

  • 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.

  • Event of Breach 7.1 The following circumstances shall be deemed Event of Default:

  • Termination for Default The County may, by written notice to the Contractor terminate this contract for default in whole or in part (delivery orders, if applicable) if the Contractor fails to:

  • BREACH; TERMINATION In the event of breach of any terms or conditions of this Agreement, if the breach has not been remedied within 30 days following receipt of written notice thereof from the other Party (provided that, if the breaching Party has commenced and is diligently pursuing efforts to cure such breach, then such 30-day period shall be extended until the earlier of (i) 30 additional days or (ii) end of diligent efforts to cure the breach). In the event of any proceedings by or against either Party in bankruptcy, insolvency or for appointment of any receiver or trustee or any general assignment for the benefit of creditors, the other Party may terminate this Agreement. If the Customer increases the capability or the capacity of the Facility to exceed 4.999 MW, this Agreement shall immediately terminate. The Company shall not be liable to the Customer for damages resulting from a termination pursuant to this paragraph. If the Customer's generating equipment produces zero (0) kilowatt-hours during any period of twelve (12) consecutive Billing Periods after the Commercial Operation Date, the Company may terminate this Agreement.

  • Default; Breach A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or Rules and Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period:

  • Termination of Default An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

  • 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.

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