Breach of Contracts. (a) Any Loan Party shall breach or default under any term, condition, provision, covenant, representation or warranty contained in any Contract with a contract price of value in excess of $5,000,000 and such breach or default shall continue unremedied for ten (10) days after the earlier of (i) the Company or any other Loan Party becoming aware of such breach or default or (ii) receipt by the Company or any other Loan Party of notice from the Disbursement Agent or any Funding Agent of such breach or default; or
Breach of Contracts. Except as disclosed on Exhibit 5.6, Acquiror has not breached, nor is there any pending or threatened claims or any legal basis for a claim that Acquiror has breached, any of the terms or conditions of any agreements, contracts or commitments to which it is a party or is bound and the execution and performance hereof will not violate any provisions of applicable law of any agreement to which Acquiror is subject.
Breach of Contracts. USMS has not breached, nor is there any pending or threatened claims or any legal basis for a claim that USMS has breached, any of the terms or conditions of any agreements, contracts or commitments to which it is a party or is bound and the execution and performance hereof will not violate any provisions of applicable law of any agreement to which USMS is subject.
Breach of Contracts. PRIDE has not breached, nor is there any pending or threatened claims or any legal basis for a claim that PRIDE has breached, any of the terms or conditions of any agreements, contracts or commitments to which it is a party or is bound and the execution and performance hereof will not violate any provisions of applicable law of any agreement to which PRIDE is subject.
Breach of Contracts. If either Party is in material breach of this Agreement or any of its contents, the injured Party will provide written notice of the breach and its request to remedy to the Other. If the notified Party fails to rectify the breach within 1 calendar month from receipt of this notice, then the Other may terminate this Agreement forthwith with immediate effect.
Breach of Contracts. Any Loan Party or any other party thereto shall breach or default under any term, condition, provision, covenant, representation or warranty contained in any Construction Contract, if the effect of such breach or default could reasonably be expected to have a Material Adverse Effect and such breach or default shall continue unremedied for thirty (30) days after notice received by the Company from the Bank Agent, the Disbursement Agent or the Collateral Agent; provided, however, that in the case of any such Construction Contract, (a) if the breach or default is by a Loan Party and is reasonably susceptible to cure within ninety (90) days but cannot be cured within thirty (30) days despite the applicable Loan Party’s good faith and diligent efforts to do so, the cure period shall be extended as is reasonably necessary beyond such thirty (30) day period (but in no event longer than ninety (90) days) if remedial action reasonably likely to result in cure is promptly instituted within such thirty (30) day period and is thereafter diligently pursued until the breach or default is corrected and (b) if the breach is by a party other than a Loan Party, then no Event of Default shall be deemed to have occurred as a result of such breach if the Company provides written notice to the Bank Agent, the Disbursement Agent and the Collateral Agent during such thirty (30) day period that such Loan Party intends to replace such Construction Contract (or that replacement is not necessary) and (i) the applicable Loan Party obtains a replacement obligor or obligors reasonably acceptable to the Disbursement Agent (in consultation with the Construction Consultant) for the affected party (if in the reasonable judgment of the Disbursement Agent (in consultation with the Construction Consultant) a replacement is necessary), (ii) the applicable Loan Party enters into a replacement Construction Contract in accordance with Section 6.1 on terms reasonably satisfactory to the Company and the Loan Parties, within sixty (60) days of such termination (if in the reasonable judgment of the Disbursement Agent (in consultation with the Construction Consultant) a replacement is necessary), (iii) such termination, after considering any replacement obligor and replacement Construction Contract and the time required to implement such replacement, has not had and would not reasonably be expected to have a Material Adverse Effect.
Breach of Contracts. The Company is not in material breach of any Contract to which the Company is a party which could lead to its termination by the relevant customer or a claim for compensation, damages, specific performance or an injunction/interdict being made against the Company. So far as the Seller is aware, each Contract to which the Company is a party is valid and subsisting and, so far as the Seller is aware, no third party to any Contract to which the Company is a party is in material breach of any Contract.
Breach of Contracts. If Lifeline has breached any of its representations, warranties, covenants or other obligations contained in this Agreement and, as a result of such breach, a Contract becomes in default, Lifeline shall have thirty (30) days after receipt of notice from DLL to cure such breach. If Lifeline fails in this regard, then Lifeline shall repurchase from DLL such Contract, within three (3) business days of the receipt of such a request from DLL, for an amount as follows:
Breach of Contracts. TRI has not breached, nor is there any pending or threatened claims or any legal basis for a claim that TRI has breached, any of the terms or conditions of any agreements, contracts or commitments to which it is a party or is bound and the execution and performance hereof will not violate any provisions of applicable law of any agreement to which TRI is subject.
Breach of Contracts. ELAW-BVI has not breached, nor is there any pending or threatened claims or any legal basis for a claim that ELAW-BVI has breached, any of the terms or conditions of any agreements, contracts or commitments to which it is a party or is bound and the execution and performance hereof will not violate any provisions of applicable law of any agreement to which ELAW-BVI is subject.
