Authority Defaults Sample Clauses

Authority Defaults. Failure by the Authority to continue to deliver Potable Water to any AuthorityCharter Customer after Potable Water is first delivered under Section 2.7 of this Contract or failure of the Authority to perform any other obligation under this Contract and the continuation of that failure to perform for thirty (30) days after written notice from such AuthorityCharter Customer to the Authority of such failure shall be a default of the Authority under this Contract, unless any such failure is excused pursuant to Article 13 of this Contract. If the Authority defaults under this Contract, the AuthorityCharter Customer or AuthorityCharter Customers affected may follow the dispute resolution procedure set forth in Article 26, which allows the AuthorityCharter Customer to bring an action against the Authority, which may be an action for money damages, or for mandamus and specific performance of the Authority’s obligations, or for any other available remedy to the extent allowed by law. Election of any remedy shall not be a waiver of any other remedy. This Section is intended by the Parties to this Contract to waive their respective statutory right to any further notice under Section 893.80, Wisconsin Statutes, to the extent such section is applicable.
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Authority Defaults. The Authority shall be in breach under this Agreement upon the occurrence of any one or more of the following events or conditions (each an “Authority Default”):
Sample 1
Authority Defaults. The Authority shall be in breach under this Agreement if the Authority fails to observe or perform any covenant, agreement, term or condition required to be observed or performed by the Authority under this Agreement (an “Authority Default”).
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Related to Authority Defaults

  • 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.

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

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

  • Notice of Defaults If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.

  • Other Defaults Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days after notice thereof by the Administrative Agent to the Borrower; or

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