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 Concessionaire Event of Default or Force Majeure Event: (a.) Authority has failed to make any payments due to the Concessionaire and more than 90 (ninety) days have elapsed since such default; (b.) Any of the PLBs or the Department or the PMU is in Material Breach of any of its obligations under this Agreement and have failed to cure such breach within 30 (thirty) days of receipt of notice thereof issued by the Concessionaire; (c.) Any of the PLBs have unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; (d.) Any of the PLBs have unreasonably withheld or delayed grant of any approval or permission within its respective jurisdictions and such delay and withholding is not attributable to Concessionaire or Force Majeure which the Concessionaire is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; (e.) Any representations made or warranties given by the PLBs under this Agreement have been found to be false or misleading.

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 Concessionaire Event of Default or Force Majeure Event: (a.) Authority has failed to make any payments due to the Concessionaire and more than 90 (ninety) days have elapsed since such default; (b.) Any of the PLBs or the Department or the PMU is in Material Breach of any of its obligations under this Agreement and have failed to cure such breach within 30 (thirty) days of receipt of notice thereof issued by the Concessionaire;breach (c.) Any of the PLBs have unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; (d.) Any of the PLBs have unreasonably withheld or delayed grant of any approval or permission within its respective jurisdictions and such delay and withholding is not attributable to Concessionaire or Force Majeure which the Concessionaire is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; (e.) Any representations made or warranties given by the PLBs under this Agreement have been found to be false or misleading.

Authority Event of Default. 13.3.1 Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Concessionaire Event of Default or Force Majeure Event: (a.i) In case any payment is pending with respect to the Article 8 and the Authority has failed to make any such payments due to the Concessionaire and more than 90 (ninety) days have elapsed since such default; (b.ii) Any of the PLBs or the Department or the PMU The Authority is in Material Breach of any of its obligations under this Agreement and have has failed to cure such breach within 30 (thirty) days of receipt of notice thereof issued by the Concessionaire; (c.iii) Any of the PLBs have The Authority has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; (d.iv) Any of the PLBs have The Authority has unreasonably withheld or delayed grant of any approval or permission within its respective jurisdictions and such delay and withholding is not attributable to Concessionaire or Force Majeure which the Concessionaire is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect;. (e.v) Any representations representation made or warranties given by the PLBs Authority under this Agreement have been found to be false or misleading. Any waiver of a breach shall not be deemed to be a waiver of any subsequent breach or to be construed as approval of a course of conduct.

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 c aused by a Concessionaire Conc es s i onaire Event of Default or Force Majeure Event: (a.) Authority has failed to make any payments due to the Concessionaire and more than 90 (ninety) days have elapsed since such default; (b.) Any of the PLBs or the Department or the PMU is in Material Breach of any of its obligations under this Agreement and have failed to cure such breach within 30 (thirty) days of receipt of notice thereof issued by the Concessionaire; (c.) Any of the PLBs have unlawfully repudiated this Agreement h a v e u n l a w f u l l y r e p u d i a t e d t h i s A g r e e m e n t or otherwise expressed its intention not to be bound by this Agreement; (d.) Any of the PLBs have unreasonably withheld or delayed grant of any approval or permission within its respective jurisdictions and such delay and withholding is not attributable to Concessionaire or Force Majeure which the Concessionaire is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect;. (e.) Any representations made or warranties given by the PLBs under this Agreement have been found to be false or misleading.