TERMINATION ON ACCOUNT OF COMPANY EVENT OF DEFAULT Sample Clauses

TERMINATION ON ACCOUNT OF COMPANY EVENT OF DEFAULT. (a) If the Agreement is terminated in accordance with Section 10.6 on account of Company Event of Default as per Section 10.3, the Company shall, at the HPSEBL's option, sell the Project to the HPSEBL, subject to the fulfillment of undischarged liabilities for the past as well as balance period of the Agreement on mutually agreed basis and if the Parties are unable to arrive at a mutual agreement, the Dispute with respect to the undischarged liabilities, shall be addressed as per Article 13.
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Related to TERMINATION ON ACCOUNT OF COMPANY EVENT OF DEFAULT

  • Termination on Material Default 30.2.1 The Authority may terminate this Framework Agreement for material Default by issuing a Termination Notice to the Supplier where:

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • H2 Termination on Default H2.1 The Authority may terminate the Contract by written notice in accordance with clause A5.2 (Notices) to the Contractor with immediate effect if the Contractor commits a Default and if:

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Termination on Default The Authority may terminate this Framework Agreement by serving written notice on the Supplier with effect from the date specified in such notice where the Supplier commits a Material Default and if:

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Authority Event of Default Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default:

  • Additional Event of Suspension Section 4.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely, that a situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out.

  • Termination Upon Default Either Party may terminate this Agreement in whole or in part in the event of a default by the other Party; provided however, that the non-defaulting Party notifies the defaulting party in writing of the alleged default and that the defaulting Party does not cure the alleged default within sixty (60) calendar days of receipt of written notice thereof. Default is defined to include:

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