Allocation of Defaulted Accounts. (A) The Party providing the Default Notice pursuant to Article 8.1 shall include in the Default Notice to each non-defaulting Party a statement of the sum of money that the non-defaulting Party is to pay as its portion (such portion being in the ratio that each non-defaulting Party’s Participating Interest bears to the Participating Interests of all non-defaulting Parties) of the amount in default (excluding interest), subject to the terms of this Article 8.3. If the Defaulting Party remedies its default in full within five (5) Business Days from the date of the Default Notice, the notifying Party shall promptly notify each non-defaulting Party by telephone and facsimile, and the non-defaulting Parties shall be relieved of their obligation to pay a share of the amounts in default. Otherwise, each non-defaulting Party shall pay Operator, within five (5) Business Days after receipt of the Default Notice, its share of the amount which the Defaulting Party failed to pay. If any non-defaulting Party fails to pay its share of the amount in default as aforesaid, such Party shall thereupon be a Defaulting Party subject to the provisions of this Article VIII. The non-defaulting Parties which pay the amount owed by any Defaulting Party shall be entitled to receive their respective shares of the principal and interest payable by such Defaulting Party pursuant to this Article VIII.
Allocation of Defaulted Accounts. (A) The Party providing the Default Notice pursuant to Article 8.1 shall include in the Default Notice to each non-defaulting Party a statement of: (i) the sum of money that the non-defaulting Party shall pay as its portion of the Amount in Default; and (ii) if the Defaulting Party has failed to obtain or maintain any Security required of such Party in order to maintain the Contract in full force and effect, the type and amount of the Security the non-defaulting Parties, other than the Operator, shall post or the funds they shall pay in order to allow Operator, or (if Operator is in default) the notifying Party, to post and maintain such Security. Unless otherwise agreed, the obligations for which the Defaulting Party is in default shall be satisfied by the non-defaulting Parties, other than the Operator, in proportion to the ratio that each non-defaulting Party's Participating Interest bears to the Participating Interests of all non-defaulting Parties. For the purposes of this Article 8:
Allocation of Defaulted Accounts. 14 8.4 Remedies ..................................................... 15 8.5 Survival ..................................................... 16 8.6
Allocation of Defaulted Accounts. (A) The Party providing the Default Notice pursuant to Article 8.1 shall include in the Default Notice to each non-defaulting Party a statement of:
Allocation of Defaulted Accounts. A) The Party providing the Default Notice shall, either include in the Default Notice or by separate notice, notify each non-defaulting Party of the sum of money it is to pay as its portion (such portion being in the ratio that each non-defaulting Party's Participating Interest bears to the Participating Interests of all non-defaulting Parties) of such amount in default (excluding interest). Each non-defaulting Party shall, if such default continues, pay Operator, within five (5) Days after receipt of the Default Notice, its share of the amount which the Defaulting Party failed to pay. If any non-defaulting Party fails to pay its share of the amount in default as aforesaid, such non-defaulting Party shall thereupon be in default and shall be a Defaulting Party subject to the provisions of this Article. The non-defaulting Parties which pay the amount owed by any Defaulting Party shall be entitled to receive their respective share of the principal and interest payable by such Defaulting Party pursuant to Article 8.1.
Allocation of Defaulted Accounts. A. The Concessionaire providing the Default Notice pursuant to Article 9.1 shall include in the Default Notice to each non-defaulting Concessionaire and the INP a statement of: (i) the type of default, (ii) the time in Default, (iii) the sum of money that the non-defaulting Concessionaire shall pay as its portion of the amount in Default; and (iv) if the Defaulting Concessionaire has failed to obtain or maintain any Security required of such Concessionaire in order to maintain the EPCC in full force and effect, the type and amount of the Security the non-defaulting Concessionaires shall post or the funds they shall pay in order to allow Operator on behalf of the non-defaulting Concessionaires, or (if Operator is in default) the notifying Concessionaire, to post and maintain such Security. Unless otherwise agreed, the obligations for which the Defaulting Concessionaire is in default shall be satisfied by the non-defaulting Concessionaires in proportion to the ratio that each non-defaulting Concessionaire’s Participating Interest bears to the Participating Interests of all non-defaulting Concessionaires. The INP shall be copied on any written communication between the defaulting Concessionaire and Operator, or between the Operator and any other Concessionaire, relating to the default situation or procedure. For the purposes of this Article:
Allocation of Defaulted Accounts. (a) The Party providing the Default Notice pursuant to clause 8.1 shall include in the Default Notice to each non-defaulting Party a statement of:
Allocation of Defaulted Accounts. 8.3(A) The Party providing the Default Notice pursuant to Article 8.1 shall include in the Default Notice to each non-defaulting Party a statement of:
Allocation of Defaulted Accounts. (A) Operator shall, either at the time of giving notice of default as provided in Article 8.1, or by separate notice, notify each non-defaulting Party of the sum of money it is to pay as its portion (such portion being in the ratio that each non-defaulting Party's Participating Interest bears to the Participating Interests of all non-defaulting Parties) of such amount in default. Each non-defaulting Party shall, if such default continues, pay Operator, within five (5) Business Days after receipt of such notice, its share of the amount which the Defaulting Party failed to pay. If any non-defaulting Party fails to pay its share of the amount in default as aforesaid, such non-defaulting Party shall
Allocation of Defaulted Accounts. (A) The Party providing the Default Notice pursuant to Article 7.1 shall include in the Default Notice to each non-defaulting Party a statement of the sum of money that the non-defaulting Party shall pay as its portion of the Amount in Default. Unless otherwise agreed, the obligations for which the Defaulting Party is in default shall be satisfied by the non-defaulting Parties in proportion to the ratio that each non-defaulting Party’s Participating Interest bears to the Participating Interests of all non-defaulting Parties. For the purposes of this Article 7:
