Default Defined. Default for the purpose of this Agreement shall mean any failure by Seller or Purchaser to fulfill all the terms, conditions and covenants contained herein, however, it shall not be an event of default for either party to exercise its rights to terminate this contract as contained in other provisions herein.
Default Defined. As used herein, "Default" shall mean the failure of a party to make any payment or perform any obligation at the time and in the manner required by this agreement, except where such failure to discharge obligations (other than the payment of money) is the result of Force Majeure. Failure to make any payment in the time and manner required by this agreement shall not be excused as a Default by payment of late charges in accordance with the provisions in Section 20.02 below.
Default Defined. The occurrence of any one or more of the following events shall constitute a Default under this Agreement:
Default Defined. Any one or more of the following events (each of which is herein sometimes called "event of default") shall constitute a default:
Default Defined. Default" shall be defined when any of the following circumstances exist:
Default Defined. The occurrence of any of the following shall constitute a material default and breach of this Lease by Tenant:
Default Defined. As used in this Agreement the term “default” shall mean a breach of this Agreement that has not been cured within the time period provided in Section 11.2.
Default Defined. Tenant is in default of this Lease on the occurrence of any of the following:
Default Defined. The following will be defaults:
Default Defined. The term "Default" shall mean, whenever it is used in this Agreement (a) any failure by the Grantee to substantially observe or perform any material covenant, condition, obligation or agreement on its part to be observed or performed hereunder or (b) any material breach of any representation set forth herein.
