Examples of Delivery Default in a sentence
The waiver by a Party of a breach of or Delivery Default under any provision of these Contract Terms shall not be effective unless in writing and shall not be construed as a waiver of any subsequent breach of or Delivery Default under the same or any other provision of these Contract Terms.
All obligations that have accrued prior to occurrence of the Delivery Default shall survive such release from further obligations.
Such compensation of Delivery Default shall be assessed by the Clearing House.
No Party shall be regarded as having committed a Delivery Default if the action or the performance of its obligations was contingent upon the opposite Party’s performance, which was not performed or not performed in the manner as stipulated in the Rules.
Such Delivery Default Payments shall be paid to such holder by the fifth day of the month following the month in which it has accrued or, at the option of the holder (by written notice to the Corporation by the first day of the month following the month in which it has accrued), shall be convertible into Common Stock in accordance with the terms of this Article VI.