Authority Default. The occurrence of the following shall be an “Event of Default” by the Authority or an “Authority Default”:
Authority Default. Subject to Section 5.2, the Authority shall be in default of this Agreement if the Authority fails to perform any of its obligations hereunder after the Authority has received thirty (30) days’ notice of such default, provided that if such failure cannot be remedied within such thirty (30) day period, the Authority shall not be in default if it commences to remedy the default and diligently pursues the remedy to its completion.
Authority Default. 12.6.1 The following events shall be an Authority Default: the Authority:
Authority Default. If (other than as a result of a breach by the Supplier of any Applicable Law and/or any of the obligations of the Supplier under this Agreement) the Authority is in breach of its obligations under this Agreement which results in a Transfer Failure, then: the Authority shall use its reasonable endeavours to remedy (and to procure that the Generator remedies) the Transfer Failure within 30 Working Days of the relevant Transfer Failure occurring (and the Supplier shall provide the Authority all reasonable assistance requested of it in relation thereto); and where the Transfer Failure is not remedied (in whole or in part) within such 30 Working Days period (other than as a result of a breach by the Supplier of any Applicable Law and/or any of its obligations under this Agreement), the Authority shall compensate the Supplier by paying to the Supplier for each Benefit the subject of the Transfer Failure and which has not been Transferred within the above 30 Working Days (which compensation will be included in the next Monthly Statement to be produced thereafter (or, where no such statement is due to be produced, which may be invoiced separately by the Supplier)): (in respect of a Relevant LEC) the CCL Rate (applicable to the period in respect of which the Transfer Failure occurred), less the amount that would have been payable by the Supplier under this Agreement for such Relevant LEC had it been Transferred in accordance with this Agreement; (in respect of a Relevant ROC) the amount of the Buy-Out Price, the Buy-Out Fund Payment, the Late Payment Fund Payment and the Mutualisation Fund Payment (applicable to the Obligation Period in respect of which the Transfer Failure occurred), less the amount that would have been payable by the Supplier under this Agreement for such Relevant ROC had it been Transferred in accordance with this Agreement; (in respect of a Relevant XXXX) the value of the relevant XXXX Payment (applicable to the period in respect of which the Transfer Failure occurred), less the amount that would have been payable by the Supplier under this Agreement for such New Benefit had it been Transferred in accordance with this Agreement; and (in respect of a New Benefit) the New Benefit Value (applicable to the period in respect of which the Transfer Failure occurred), less the amount that would have been payable by the Supplier under this Agreement for such New Benefit had it been Transferred in accordance with this Agreement.
Authority Default. 35.4 If the Authority fails to pay the Fund an undisputed payment when due in accordance with Clause Error! Reference source not found. (Invoices), the Fund shall notify the Authority in writing of such failure to pay. If the Authority fails to pay such undisputed payment within ninety (90) Working Days of the date of such written notice, the Fund may terminate the Contract in writing with immediate effect, save that such right of termination shall not apply where the failure to pay is due to the Authority exercising its rights under Clause 12.1 (Recovery of Sums Due).
Authority Default. Each of the following events, shall for the purposes of this Contract constitute an Authority Default:
Authority Default. The Authority is in default of this Agreement if it: (i) fails to provide the Licensed Area during the License Period; (ii) fails to perform or breaches any material provision of this Agreement; (iii) files, or acquiesces in a petition for, bankruptcy, reorganization, insolvency or similar proceeding; or (iv) ceases doing business. If the Authority so defaults, then the Customer may, if the Authority fails to cure such default within twenty-four (24) hours after receiving written notice from the Customer: (i) receive a refund of the License Fee paid to the Authority under this Agreement; and/or (ii) give notice of termination and/or seek other remedies available at law or equity. License Agreement Schedule I 7
Authority Default. In the event Company gives Authority a Default Notice pursuant to Section 8.03 of the occurrence of an Authority Default, and such Authority Default is not cured within the period set forth therein, then Company may terminate this Agreement.
Authority Default. On termination of the Project Agreement under Clause 34 (Termination for Authority Default) or Clause 35 (Voluntary Termination by the Authority) the Authority will pay PPP Co. the “Authority Default Termination Sum” in accordance with Clause 39 (Compensation on Termination). Subject to paragraphs 1.4 to 1.6 below the Authority Default Termination Sum will be an amount equal to the aggregate of: the Base Senior Debt Termination Amount; redundancy payments for employees of PPP Co. that have been or will be reasonably incurred by PPP Co. as a direct result of termination of this Project Agreement and any Sub-contractor Breakage Costs; and EITHER
Authority Default. Authority will be deemed to be in default under this Agreement should any one or more of the following events occur at any time:
