Common use of Authority Event of Default Clause in Contracts

Authority Event of Default. Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default: (i) The Authority is in Material Breach of any of its obligations under this Agreement and has failed to cure such breach within 60 (sixty) days of receipt of notice thereof issued by the Developer; (ii) The Authority has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement;

Appears in 52 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

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Authority Event of Default. Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default: (i) The Authority is Authorityis in Material Breach of any of its obligations under this Agreement and has failed to cure such breach within 60 (sixty) days of receipt of notice thereof issued by the Developer; (ii) The Authority has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement;

Appears in 1 contract

Samples: Project Development and Management Agreement

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Authority Event of Default. Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default: (i) : The Authority is in Material Breach of any of its obligations under this Agreement and has failed to cure such breach within 60 (sixty) days of receipt of notice thereof issued by the Developer; (ii) ; The Authority has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement;

Appears in 1 contract

Samples: Project Development and Management Agreement

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