Company Default means (a) the breach of any warranty or the inaccuracy at the time when made of any representation made by the Company herein or (b) the failure by the Company to comply with any covenant of the Company contained herein.
Company Default. As defined in Section 9.05 hereof.
Company Default has the meaning set forth in Section 9.01(c).
Examples of Company Default in a sentence
The Council Grievance Notice shall specify that the Nominee Company Default Event must be remedied within a specified period of at least 20 Working Days after the date of service of the Council Grievance Notice (the "Nominee Company Remedy Period").
In the extreme, existing provisions for Company Default provide a safety net.
More Definitions of Company Default
Company Default means the failure or delay of Company or its representatives, agents, subcontractors or suppliers (other than Contractor and its Subcontractors and their agents and employees) to meet Company’s material obligations under this Contract, including the obligations identified in Section 3.1.
Company Default shall occur upon any of the following events:
Company Default means the failure or delay of Company or its representatives, agents, subcontractors or suppliers (other than Contractor and its Subcontractors and their agents and employees) to meet Company's obligations under this Contract.
Company Default has the meaning given to it in Clause 14.1;
Company Default means an event that with the passage of time or the giving of notice or both would be a Company Event of Default.
Company Default means any material or persistent breach or persistent non-performance by the Company of its obligations under this Agreement which, if capable of remedy, is not remedied within 45 days after receiving written notice from the Contractor requiring the Company so to do;
Company Default means a failure by Company to pay the Base Management Fee, Termination Fee, Construction Oversight Fee or the Profit Participation payment due to Manager under this Agreement, which failure to pay continues for five (5) business days following written notice of such default, such notice containing the following legend prominently displayed in bold, all caps and fourteen (14) point or larger font in the transmittal letter requesting approval: THIS IS A NOTICE OF A COMPANY DEFAULT. COMPANY’S RESPONSE IS REQUESTED WITHIN FIVE (5) BUSINESS DAYS. COMPANY’S FAILURE TO RESPOND WITHIN SUCH TIME PERIOD SHALL RESULT IN COMPANY BEING DEEMED TO HAVE AGREED THAT A COMPANY DEFAULT; provided, however, that such failure is not caused by any action or inaction of Manager, or any of Manager’s officers, employees, directors, managing directors, members, managers, principals, partners, shareholders, affiliates or subsidiaries.