Wilful Default definition

Wilful Default means a deliberate act or omission which will result in (and can reasonably be expected to have been intended to result in) a breach of this Agreement and which, as soon as practicable, but in any event within 30 days after written notice (particularising the alleged breach) is given to the party alleged to be in default, is not either:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Wilful Default of Party B means the fraud, negligence or wilful default of Party B and of its officers, employees, agents and any other person where Party B is liable for the acts or omissions of such other person under the terms of any Transaction Document;

Wilful Default in relation to Party B means, subject to Part 5(11)(d)(iii) of this Schedule, any wilful failure by Party B to comply with, or wilful breach by Party B of, any of its obligations under any Transaction Document, other than a failure or breach which:

Examples of Wilful Default in a sentence

• In this Agreement the phrase "Wilful Default" means that a Participant has committed one of the following acts or omissions.

• Wilful Default by DBCT Management If a Delay is caused by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ by DBCT Management, the User: is relieved to that extent of any corresponding payment obligations under clause 4; may terminate this Agreement pursuant to clause 14.3; and may sue DBCT Management for damages for breach of contract.

• Power Network means the electricity transmission and distribution system owned and operated by Western Power; and Wilful Default means any act or omission (whether sole, joint, or concurrent) amounting to an intentional breach of this Self Supply Contract which seriously and substantially deviates from a diligent course of action or which is in reckless disregard of foreseeable harmful consequences.

• In the event of Wilful Default by either of the Parties (or their respective employees or agents), the relevant Party shall have unlimited liability to the other Party for all reasonably foreseeable Losses suffered by the relevant Party in respect of any claims of liability arising out of the Wilful Default of the other Party, its employees or agents.

• Nothing in this Schedule 8 (other than paragraph 1.6) shall restrict or limit a Claim that arises, is increased, or is delayed as a result of fraud, fraudulent misrepresentation or Wilful Default by the Relevant Seller, any other member of their Seller Group, or any of their respective officers or employees.

More Definitions of Wilful Default

Wilful Default of the Trustee means the fraud, negligence or wilful default of the Trustee and of its officers, employees, agents and any other person where the Trustee is liable for the acts or omissions of such other person under the terms of any Transaction Document;

Wilful Default in relation to the Trustee or the Manager, means, subject to clause 1.3(k) any wilful failure by the Trustee to comply with, or wilful breach by the Trustee or the Manager (as the case may be) of any of its obligations under any Transaction Document, other than a failure or breach which:

Wilful Default means fraud or any act or omission of a party with an intentional, conscious or reckless disregard of the terms of this Agreement.

Wilful Default means an intentional breach of the terms of this Agreement.

Wilful Default means a deliberate or conscious breach of this Agreement by any of the Parties which has a Material Adverse Effect on the other Party.

Wilful Default in relation to a party means, subject to clause 1.3(j), any wilful failure by that party to comply with, or wilful breach by that party of, any of its obligations under any Transaction Document, other than a failure or breach which:

Wilful Default of a party means the fraud, negligence or wilful default of that party and of its officers, employees, agents and any other person where that party is liable for the acts or omissions of such other person under the terms of any Transaction Document;