Common use of ACTS OF DEFAULT Clause in Contracts

ACTS OF DEFAULT. Acts of default by the Customer include: (i) the Customer’s failure to pay any sum when due; (ii) the Customer’s failure to perform any covenant, condition or obligation under any agreement between Kal Tire and the Customer; (iii) the Customer suffering any distress, execution or other legal or statutory process resulting in a lien, claim, judgment or charge on the Tires or Kal Tire; or (iv) the Customer becoming insolvent, committing an act of bankruptcy or being the subject of any proceedings under any provincial or federal legislation for a protection of debtors.

ACTS OF DEFAULT. Acts of default by the Customer include: (i) the Customer’s failure to pay any sum when due; (ii) the Customer’s failure to perform any covenant, condition or obligation under any agreement between Kal Tire Xxxxxx Toyota and the Customer; (iii) the Customer suffering any distress, execution or other legal or statutory process resulting in a lien, claim, judgment or charge on the Tires or Kal TireXxxxxx Toyota; or (iv) the Customer becoming insolvent, committing an act of bankruptcy or being the subject of any proceedings under any provincial or federal legislation for a protection of debtors.