Owner Event of Default definition

Owner Event of Default has the meaning set forth in Section 20.3.
Owner Event of Default has the meaning specified in Section 16.2.
Owner Event of Default has the meaning indicated in Section 12.

Examples of Owner Event of Default in a sentence

  • Subject to the rights granted in Section 13.5 below, upon the occurrence of an Owner Event of Default, Contractor shall have the right to terminate this Agreement, to order all Subcontractors to stop Work and remove all their tools and equipment from the Site, and/or pursue all such remedies as may be allowed under this Agreement, at law or in equity.

  • An Owner Event of Default shall not include any other default by Owner of any of their obligations under this Agreement.


More Definitions of Owner Event of Default

Owner Event of Default. As defined in Section 13.3.
Owner Event of Default means any one or more of the following events or circumstances:
Owner Event of Default shall have the meaning set forth in Section 12.3 hereof
Owner Event of Default shall have the meaning set forth in Section 9.2(a). “Owner’s Property” shall have the meaning set forth in Section 7.5. “Owner’s Representative” shall have the meaning set forth in Section 7.3. “Party” and “Parties” shall have the meanings set forth in the preamble.
Owner Event of Default has the meaning set forth in Section 12.2. “Owner Indemnified Party” has the meaning set forth in Section 10.1.1.
Owner Event of Default means, in relation to a Chargor, any of the following:
Owner Event of Default shall have occurred if Owner shall fail to observe or perform any term, covenant or condition of this Agreement, which failure materially and adversely affects User, and such failure is not cured within thirty (30) days after written notice thereof from User, provided, however, if such failure cannot reasonably be cured within such thirty (30) day period and Owner shall have commenced to cure such failure within such thirty (30) day period and thereafter diligently proceeds to cure the same, then such thirty (30) day period shall be extended for such time as is reasonably necessary for Owner in the exercise of due diligence to cure such failure, provided that, with respect to any failure to perform (i) that is still continuing on or after the first day of the sixth (6th) Usage Year such cure period shall not extend beyond the later of such first day of the sixth (6th) Usage Year or one hundred eighty (180) days in the aggregate, and (ii) that is first arising on or after the first day of the sixth (6th) Usage Year, such cure period shall not exceed one hundred eighty (180) days in the aggregate; provided, further, however, that no Owner Event of Default under this clause (a) shall be deemed to exist under this Agreement during any time the curing thereof is prevented by an Unavoidable Delay, provided that upon the cessation of the Unavoidable Delay, Owner remedies the default within the time periods otherwise required hereunder.