Notice of Breach definition
Examples of Notice of Breach in a sentence
After issuance of a Notice of Breach, should Future Fintech fail to make, or cause to be made, a full Settlement Payment within three (3) business days, then a “Default” shall have occurred without any further notice or action by FT Global.
The Notice of Breach shall be effective upon the date the email is sent.
In the event that (i) any Settlement Payment or the True-up Cash Payment in Paragraph 3(A) is not received within one (1) business day of the payment due date, or (ii) the Company breaches any of the covenants set forth in Paragraph 6 below, FT Global shall send a Notice of Breach via email to Future Fintech and its counsel.
The payments in paragraphs A(ii)–(iv), A(viii)–(ix), C below, and the True-up Cash Payment shall each be subject to the cure period in Paragraph 4 upon emailed Notice of Breach.