Company Default. In case one or more of the following events of default by the Company (each, a “Company Default”) shall occur and be continuing, that is to say:
Company Default. The failure by the Company to pay or perform any material obligation hereunder (including, without limitation, a breach of its obligations under Section 8 below) which failure is not cured within two (2) business days of the Company’s receipt of written notice from the Guarantor of such failure shall constitute a default hereunder. Upon any such default by the Company, the Guarantor’s obligations to pay the Guarantor Payments shall be terminated. Notwithstanding anything to the contrary in this Agreement, the Company shall indemnify, defend and hold the Guarantor harmless from and against all losses (including, without limitation, reasonable attorneys fees and court costs) incurred by the Guarantor as a result of the Company’s failure to comply with its obligations hereunder; provided that Company’s maximum liability to the Guarantor under this Agreement shall not exceed $900,000.
Company Default. For purposes of this Agreement, a "Company Default" shall occur upon any of the following events:
Company Default. If Company fails to disprove or correct the violation within thirty (30) days, or, in the case of a violation which cannot be corrected in thirty (30) days, Company has failed to initiate a reasonable plan of corrective action and to correct the violation within the specified time frame in such plan, then the Licensor may declare in writing that Company is in default.
Company Default. The occurrence of any of the following actions during the term of an Exemption Contract shall constitute a Company Default with a corresponding remedy:
Company Default. The occurrence and continuation of any of the following events, unless any such event occurs as a result of Force Majeure event or a breach by the HPSEBL of its obligations under the Agreement, shall constitute a "Company Event of Default”.
Company Default. A Company Default shall be deemed to have occurred with respect to the Policy if the Company fails to pay a Premium on the Policy as required under the terms of the Agreement within sixty (60) days after the due date for such Premium, or if the Company processes or attempts to process a policy loan, or a complete or partial surrender, or a cash value withdrawal without prior written approval from the Assignees.
Company Default. In the event the Company defaults under the terms and obligations of the Development Agreement assigned hereunder and does not cure the default in accordance with the terms of the Development Agreement, the Company acknowledges the Authority and the City have the right pursue any remedies against the Company as provided in the Development Agreement without any notice to and without seeking any remedy from the Landlord.
Company Default. Section 9.06 Waiver of Company Defaults. Section 10.01 Section 10.02 Section 10.03 Section 10.04 Section 10.05 Section 10.06 Section 10.07 Section 10.08 ARTICLE X CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR Duties of Trustee and the Securities Administrator. Certain Matters Affecting the Trustee and the Securities Administrator. Trustee and Securities Administrator Not Liable for Certificates or Mortgage Loans. Trustee and Securities Administrator May Own Certificates. Trustee’s and Securities Administrator’s Fees and Expenses. Eligibility Requirements for Trustee and Securities Administrator. Insurance. Resignation and Removal of Trustee and Securities Administrator. Section 10.09 Section 10.10 Section 10.11 Section 10.12 Section 10.13 Section 11.01 Section 11.02 Section 11.03 Successor Trustee or Securities Administrator. Merger or Consolidation of Trustee or Securities Administrator. Appointment of Co-Trustee or Separate Trustee. Tax Matters. REMIC-Related Covenants.
Company Default. The occurrence of any of the following actions shall constitute a default by the Company (a “Company Default”):
