Examples of Non-financial Default in a sentence

Safety - Immediate A Non-financial Default that could result in immediate injury or loss of life (e.g., exposed wires, destroyed station fence, etc.).
Such termination shall take effect: (a) in the case of a Non-financial Default, on the date on which the termination notice is delivered to the Defaulting Party; or(b) in the case of a Financial Default, on the date that is seven business days from the date on which the termination notice is delivered to the Defaulting Party.

More Definitions of Non-financial Default

Non-financial Default means in respect of a party:

Non-financial Default means a Party's failure to observe or perform any obligation under this Agreement which is not a Financial Obligation while that obligation is not suspended by an event of Force Majeure;

Non-financial Default shall have the meaning specified in Section 6.6(a).

Non-financial Default means a material default or material breach of this Agreement, other than a Financial Default; Notice means a notice, advice, consent, approval or other communication under this Agreement;

Non-financial Default means any breach of a term or condition of the Code or this Agreement other than a Financial Default unless the breach occurs as a direct result of an Emergency; a licensed Party‟s ceasing to hold a Licence; or an Insolvency Event.

Non-financial Default means a default by the Owner or the Buyer in duly and punctually performing or observing any of the terms of this Agreement, but which is not a Financial Default. Notice of Commencement of Supply means the notice provided under GC 2.4, in the form set out in Schedule 4 (Forms).

Non-financial Default means a default, other than a Financial Default, by a Party in performing this Agreement, but excludes an Excluded Event.