Examples of Default Notice in a sentence

If the breaching party fails to (i) issue a written notice disputing the alleged default within such thirty (30) day period or (ii) to correct the default within ninety (90) days following‌ receipt of the Default Notice, the other party may terminate this Agreement effective upon written notice to the other party to that effect.
Upon receipt of a Default Notice, the breaching party must correct the default at no additional cost to the other party, or issue a written notice of its own disputing the alleged default, in either case within thirty (30) days immediately following receipt of a Default Notice.
Upon receipt of a Default Notice, S&S must either correct the default, to the reasonable satisfaction of the Organization at no additional cost to the Organization or issue a written notice of its own disputing the alleged default, in either case within thirty (30) days immediately following receipt of a Default Notice.
If S&S fails to correct the default, or issue a notice disputing the alleged default, in either case within ninety (90) days following receipt of the Default Notice, the Organization may terminate the whole of this Support and Maintenance Agreement and in such case, the Organization will not be responsible for payment to S&S of any further Support and Maintenance Fees, except for those that may be due as of the time of communication of such notice of termination to S&S.

More Definitions of Default Notice

Default Notice has the meaning set forth in Section 13.2.1.

Default Notice has the meaning set forth in Section 6.1(a).

Default Notice has the meaning given to that term in clause 22(a).

Default Notice means the notice issued by the Pledgee to declare the Default Event hereunder.

Default Notice a written notice served by the non-Defaulting Party on the Defaulting Party under paragraph 10 stating that an event shall be treated as an Event of Default for the purposes of this Agreement;

Default Notice has the meaning set forth in Section 10.2.