Common use of Xxxxxx Xxxxxxxxx Clause in Contracts

Xxxxxx Xxxxxxxxx. If the Issuer or any other Obligor or any of their directors figure as a willful defaulter in any list of willful defaulters circulated by RBI/CIBIL or the caution list of the Export Credit Guarantee Corporation or the specific approval list or COFEPOSA defaulters list or the defaulter list of any bank or financial institution or any other Government Authority or in the list under the United Nations Security Council Resolution 1267, and if the said default, if capable of remedy, is not remedied within a period of 14 (fourteen) days.