Material Default definition

Material Default means any default by the private entity in the performance of its duties under
Material Default means any default by the private entity in the performance of its duties that jeopardizes adequate service to the public from a qualifying project.

Examples of Material Default in a sentence

  • In the event of a Material Default arising from the Owner’s violation of any provision of this Agreement (after notice and a thirty (30) day opportunity to cure ), then the Town shall be entitled to terminate this Agreement and shall be entitled to all rights and remedies at law or in equity.

  • In the event of Town’s Material Default of any of provisions of this Agreement (after notice and a thirty (30) day opportunity to cure), Owner shall be entitled to terminate this Agreement and shall have all rights and remedies at law or in equity.


More Definitions of Material Default

Material Default means any breach of a fundamental or essential term or repeated breaches of any of the terms of the agreements, as referred to in section 3.4(e);
Material Default means any breach of these terms and conditions or of the Contract by the Contractor which the Authority considers to be sufficiently material as to justify termination of all or part of the Contract. A breach of any of the following of these terms and conditions by the Contractor shall be a Material Default: clause 2.1 (contractor’s warranties), clause 3.2 (contractor’s personnel), clause 7.6.3 (security of electronic data) clause 8.2 (confidentiality) clause 15 (contractor’s insurance requirements); clause 16.1 (prevention of corruption) clause 17 (official secrets), clause 19 (non discrimination and equality) and clause 22 (health and safety);
Material Default means any default by the operator in the performance of its duties under
Material Default means any default by the private entity in the performance of its duties under subsection E of § 56-575.8 that jeopardizes adequate service to the public from a qualifying project.
Material Default means any continuing Default as to which a written notice of such Default (which notice has not been rescinded) shall have been received by the Borrower, the General Partner or the REIT from the Administrative Agent or any Lender, or any continuing Event of Default.
Material Default means, with respect to a Receivable: