AR Default Sample Clauses

AR Default. In the event that AR materially fails to perform any duty or obligation required of AR under this Agreement, then ADLC may at any time provide AR with a written notice that identifies the material failure and requests that the material failure be corrected or cured. Upon receipt of a notice of default from ADLC, AR shall correct or cure the identified material failure within thirty (30) days, or such longer period reasonably required by AR and agreed to in writing by ADLC, which agreement shall not be unreasonably withheld. If AR does not correct the identified material failure within the time allowed under the preceding sentence, an AR Default shall occur and ADLC shall have the right to proceed in accordance the terms of Section 10.4. If AR disputes the occurrence of an alleged AR Default, AR shall provide written notice of the dispute to ADLC within fourteen (14) days of receipt of any written notice of material default from ADLC pursuant to this Section 10.2. If the occurrence of the Default is so disputed by AR, AR and ADLC shall proceed with dispute resolution pursuant to Section 10.5 and Section 10.6.
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AR Default. In the event of an AR Default, ADLC may elect to terminate this Agreement in whole by providing AR with the election notice required pursuant to Section
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AR Default. In the event that AR materially fails to perform any duty or obligation that it is required to perform under this Agreement during the Term of this Agreement, then ADLC may at any time provide AR with a written notice that identifies that material failure and requests that the material failure be corrected. Upon receipt of a notice of default from ADLC, AR shall correct the identified material failure within thirty (30) days, unless a longer period of time is reasonably needed to correct the material failure and AR begins corrective action within thirty (30) days or a longer period of time is agreed to by ADLC and AR in writing, and AR diligently pursues the corrective action to completion. In the event AR does not correct the identified material failures within the time allowed under the preceding sentence, an AR Default shall occur and ADLC shall have the right to proceed in accordance the terms of Section 8.4 hereof.
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AR Default. Subject to the post-termination/expiration rights and obligations of AR and ADLC under Article X hereof, in the event an AR Default occurs during the term of this Agreement, ADLC shall have the right to elect to terminate this Agreement by providing AR with the election notice required pursuant to Section 8.4 hereof, which shall include an effective date for the termination which shall be at least sixty (60) or more days after the election notice is transmitted to AR. In the event the occurrence of the AR Default is disputed by AR pursuant to Section 8.4 hereof, the termination date shall be delayed unless and until a final decision is issued by the arbitrator that contains specific findings of fact which confirm the occurrence of the AR Default.
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Related to AR Default

  • Developer Default Each of the following shall be an Event of Default by Developer:

  • Default H-GAC may, by written notice of default to the Contractor, terminate the whole or any part of the Agreement, in any one of the following circumstances:

  • Owner Default Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.

  • Customer Default The occurrence at any time of any of the following events shall constitute a “Customer Default”:

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Default by City City shall not be in default under this Agreement unless City fails to perform an obligation required of City under this Agreement within twenty (20) days after written notice by Tenant to City. If the nature of City's obligation is such that more than twenty (20) days are reasonably required for performance or cure, City shall not be in default if City commences performance within such twenty (20) day period and thereafter diligently prosecutes the same to completion. In no event may Tenant terminate this Agreement or withhold the payment of rent or other charges provided for in this Agreement as a result of City’s default.

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • Monetary Default If a Monetary Default occurs and continues for 10 Business Days after Notice from Landlord, specifying in reasonable detail the amount of money not paid and the nature and calculation of each such payment.

  • Tenant Default (a) Any of the following occurrences or acts shall constitute an “Event of Default” (herein so called) under this Lease: if (i) Tenant shall fail to pay any scheduled installment of Fixed Rent or Additional Rent when due and such failure shall continue uncured for a period of ten (10) days after Landlord notifies Tenant in writing of such failure (each an “Installment Default Notice”); or if, within a twelve (12) month period following delivery of not less than two (2) Installment Default Notices by Landlord, Tenant shall fail to pay any scheduled installment of Fixed Rent or Additional Rent when due and such failure shall continue uncured for a period of five (5) days or (ii) Tenant shall default in the payment when due of any installment of Additional Rent payable hereunder and such default shall continue for ten (10) days after notice of such default is sent to Tenant by Landlord (or Lender); or (iii) the failure by Tenant to maintain insurance as required under this Lease; or (iv) Tenant shall default in fulfilling any of the other covenants, agreements or obligations of this Lease, and such default shall continue for more than thirty (30) days after written notice thereof from Landlord (or Lender) specifying such default, provided, that if Tenant has commenced to cure a default described in subparagraph (iv) above within said thirty (30) days, and thereafter is in good faith diligently prosecuting same to completion and such default is of a nature such that it cannot be cured within such thirty (30) day period, said thirty (30) day period shall be extended, for a reasonable time (not to exceed an additional ninety (90) days) or, with respect to a breach of Tenant’s obligations under Section 40 of this Part II, such longer period as may reasonably be necessary to cure such default so long as (A) Tenant delivers to Landlord a certificate of a qualified environmental remediation specialist that such default could not be cured within such one hundred eighty (180) days but is curable, and (B) Tenant is in good faith diligently prosecuting such cure to completion) where, due to the nature of a default, it is unable to be completely cured within thirty (30) days; or (v) any execution or attachment shall be issued against Tenant or any of its property whereby the Premises shall be taken or occupied or attempted to be taken or occupied by someone other than Tenant, and the same shall not be bonded, dismissed, or discharged as promptly as possible under the circumstances; or (vi) Tenant or Guarantor (A) shall make any assignment or other similar act for the benefit of creditors, (B) shall file a petition or take any other action seeking relief under any state or federal insolvency or bankruptcy Laws, or (C) shall have an involuntary petition or any other action filed against either of them under any state or federal insolvency or bankruptcy Laws which petition or other action is not vacated or dismissed within sixty (60) days after the commencement thereof; or (vii) the estate or interest of Tenant in the Premises shall be levied upon or attached in any proceeding and such estate or interest is about to be sold or transferred and such process shall not be vacated or discharged within sixty (60) days after such levy or attachment; or (viii) the Guarantor’s guaranty of Tenant’s obligations under this Lease is terminated for any reason, or the Guarantor asserts in any pleading or judicial or administrative proceeding that such guaranty is void or unenforceable or that Guarantor is not liable thereunder; or (ix) any material representation or warranty made by Tenant or Guarantor to Landlord or the Lender herein or in any document delivered pursuant to this Lease is misleading or false in material respect when made, or (x) a default beyond applicable notice and cure periods shall occur in the fulfillment of any of the covenants, agreements or obligations of the tenant under any of the Related Leases and the premises demised thereby are then owned by the entity that is Landlord on the Lease Commencement Date or by one of its Affiliates.

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