Common use of BPDB Events of Default - Termination by the Company Clause in Contracts

BPDB Events of Default - Termination by the Company. The Company may give a notice of default under this Agreement (“the Company Notice of Default”) upon the occurrence of any of the following events (“BPDB Event of Default”) unless such Event of Default (i) results from a breach by the Company of this Agreement, the Implementation Agreement, or (ii) if it occurs as a result of or during a Force Majeure pursuant to Section 16.4: or Political Event or Change in Law pursuant to Section 16A during the period provided pursuant to Section 16A.4: a. any default or defaults by BPDB in the making of any payment or payments required to be made by it within sixty (60) Days of the due date. b. any material breach by BPDB of this Agreement, which is not remedied within ninety (90) Days after notice from the Company to BPDB stating that a material breach of the Agreement has occurred that could result in the termination of the Agreement, identifying the material breach in reasonable detail and demanding remedy thereof;