Action in case of default Sample Clauses

Action in case of default. If either Party should be in default, pursuant to the provisions of paragraph 13.1, at the unfettered discretion of Non-defaulting Party, this Agreement shall be terminable immediately if the Non-defaulting Party has given the Defaulting Party written notice of material breach or default by such Party (such notice to explain the alleged breach in reasonable detail) and the Defaulting Party fails to cure such breach within thirty (30) days of receipt of such notice; the Defaulting Party shall immediately offer all of its Interest in the Joint Venture to the Non-defaulting Party as provided herein:
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Action in case of default. If a member should be in default, pursuant to the provisions of paragraph 10.1, after first having been given the opportunity to remedy any default following notice in writing from the Project Manager of not less that sixty (60) days, it shall immediately offer all its Interest in the Consortium as provided:
Action in case of default. If either Party should be in default, pursuant to the provisions of paragraph, the other Party shall have the right to terminate this agreement immediately.

Related to Action in case of default

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

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