Developer Event of Default definition

Developer Event of Default has the meaning set forth in Section 7.4.

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Developer Event of Default has the meaning set forth in Section 10.2.

Developer Event of Default means a default in the performance of any obligation or breach of any covenant or agreement of the Developer in this Agreement (other than a covenant or agreement, a default in the performance or breach of which is specifically dealt with elsewhere in this Section), and continuance of such default or breach for a period of 30 days after City has delivered to Developer a written notice specifying such default or breach and requiring it to be remedied; provided, that if such default or breach cannot be fully remedied within such 30-day period, but can reasonably be expected to be fully remedied and the Developer is diligently attempting to remedy such default or breach, such default or breach shall not constitute an event of default if the Developer shall immediately upon receipt of such notice diligently attempt to remedy such default or breach and shall thereafter prosecute and complete the same with due diligence and dispatch.

Examples of Developer Event of Default in a sentence

The City may pursue any available remedy at law or in equity by suit, action, mandamus or other proceeding to enforce and compel the performance of the duties and obligations of the Developer as set forth in this Agreement, to enforce or preserve any other rights or interests of the City or any other beneficiaries of this Agreement or otherwise existing at law or in equity and to recover any damages incurred by the City resulting from such Developer Event of Default.
The City may toll performance of its obligations under this Agreement and the Other Development Documents (other than the obligation to reimburse Developer for development costs under a Community Facility Agreement) and any required time for performance thereof will be extended by the number of days the Developer Event of Default existed.
Provided no Developer Event of Default exists, Developer may intervene in good faith by appropriate proceedings in any such proceedings for the sole purpose of protecting its interests under this Agreement, and, upon request from Developer, the City shall from time to time deliver to Developer written consent to such intervention.
The City may authorize Austin Energy to toll the performance of Austin Energy’s obligations under any CWSA and any required time for performance thereof will be extended by the number of days the Developer Event of Default existed.

More Definitions of Developer Event of Default

Developer Event of Default means any event or occurrence defined in Section 9.01 of this Agreement.

Developer Event of Default means any event or occurrence defined in Section 8.01 of this Agreement.

Developer Event of Default is defined in Section 8.4.

Developer Event of Default has the meaning given in Section 14.4.

Developer Event of Default shall have the meaning ascribed to the term in Clause24.1;

Developer Event of Default means any event of default by Borrower under the School Unit Purchase Agreement following any required notice to Borrower and following the expiration of any applicable cure periods specified therein.

Developer Event of Default shall have the meaning ascribed to in the Concession Agreement;