Termination for Company’s Default Sample Clauses

Termination for Company’s Default. Upon the occurrence of an event of default as set out in clause 9.2.1 above, or for non-fulfillment of the Conditions Precedent set out in clause 2.3 herein before …ESCOM may deliver a Default Notice to the Company in writing which shall specify in reasonable detail the Event of Default or non-fulfillment of Conditions Precedent giving rise to the default notice, and calling upon the Company to remedy the same within such reasonable time not less than thirty days as may be specified in the notice. At the expiry of the time specified in the default notice from the date of delivery of default notice and unless the Parties have agreed otherwise, or the Event of Default giving rise to the default notice has been remedied, …ESCOM may terminate this Agreement by delivering a Termination Notice to the Company and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and …ESCOM shall stand discharged of all its obligations. However all payment obligations as per Article 5 prior to the date of termination of the Agreement shall be met by the Parties. Where a Default Notice has been issued with respect to an Event of Default, which requires the co-operation of both ...ESCOM and the Company to remedy, both the parties shall render all reasonable co-operation to enable the Event of Default to be remedied.
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Termination for Company’s Default i) Upon the occurrence of any event of default as set out in sub-clause 10.2 above, the Corporation/ESCOM/s may deliver a Default Notice to the Company in writing, which shall specify in reasonable detail the event of default giving rise to the default notice and call upon the Company to remedy the same within a month from the date of notice..
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Termination for Company’s Default. Upon the occurrence of an event of default as set out in sub-clause 9.2.1 above, Corporation may deliver a Default Notice to the Company in writing which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the Company to remedy the same. At the expiry of 30 (thirty) days from the delivery of this default notice and unless the Parties have agreed otherwise, or the Event of Default giving rise to the default notice has been remedied, Corporation may deliver a Termination Notice to the Company, Corporation may terminate this Agreement by delivering such a Termination Notice to the Company and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and Corporation shall stand discharged of all its obligations. However, all payment obligations as per the Article 5 prior to the date of termination of the Agreement shall be met by the Parties. Where a Default Notice has been issued with respect to an Event of Default, which requires the co-operation of both Corporation and the Company to remedy, Corporation shall render all reasonable co-operation to enable the Event of Default to be remedied.
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Termination for Company’s Default i) Upon the occurrence of any event of default as set out in sub-clause 10.2 above, Corporation/ESCOM/s may deliver a Default Notice to the COMPANY in writing, which shall specify in reasonable detail the Event of Default giving rise to the default notice and call upon the COMPANY to remedy the same within a month from the date of notice.
Sample 1
Termination for Company’s Default. Upon the occurrence of an event of default, a Default Notice to the Company in writing which shall specify in reasonable detail the Event of Default and calling upon the Company to remedy the same within such reasonable time not less than thirty days as may be specified in the notice. At the expiry of the time specified in the default notice from the delivery of default notice to remedy the default and unless the Parties have agreed otherwise, or the Event of Default giving rise to the default notice has been remedied, Distribution utility may terminate this Agreement by delivering a Termination Notice to the Company and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and Distribution utility shall stand discharged of all its obligations. However all payment obligations as per Article 6 prior to the date of termination of the Agreement shall be met by the Parties.
Sample 1

Related to Termination for Company’s 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:

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • 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.

  • Termination for Failure to Pay If Company fails to make any payment due hereunder, Hospital shall have the right to terminate this Agreement upon ten (10) business days written notice, unless Company makes such payments plus any interest due, as set forth in Section 4.7, within said ten (10) day notice period. If payments are not made, Hospital may immediately terminate this Agreement at the end of said ten (10) day period. Company shall be entitled to only one such cure period in a calendar year; for a second failure to make payment on time, Hospital shall have the right to terminate this Agreement immediately upon written notice.

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • Erroneous Termination for Default If, after notice of termination of Vendor’s right to proceed under the provisions of this clause, it is determined for any reason that the contract was not in default, or that the delay was excusable under the provisions of the prior paragraph (Excuse for Nonperformance or Delayed Performance), the rights and obligations of the parties shall be the same as if the notice of termination had been one of termination for convenience.

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