Examples of Act of Default in a sentence
Any act by a party which is specifically designated an Act of Default in any provision of this Agreement.
Failure to comply with any one covenant or warranty shall constitute an Act of Default by Owner.
Any false or substantially misleading statement contained herein or failure to timely and fully perform as required in this Agreement shall be an Act of Default by Owner.
If CMAR commits an Act of Default under Section B of this Article, County will give written notice by FAX and Certified Mail, Return Receipt Requested to CMAR and CMAR’s Performance Bond Surety (“Surety”).
If the Customer commits an Act of Default which is not remedied within 7 days of the Repairer giving written notice of the Act of Default, the Repairer may cancel the supply of the Services to be provided to the Customer and the Customer will pay the Repairer on demand all reasonable out of pocket expenses the Repairer incurs as a consequence of the cancellation.