Breach of Material Obligations Sample Clauses

Breach of Material Obligations. In the event a Party fails to perform any of its material obligations under this Agreement, the non-breaching Party has given written notice to the other Party of such failure to perform, and the breach is not cured within a sixty day period from receipt of the notice, the non-breaching Party may terminate any and all of its obligations to provide maintenance and support, as set forth in Section 5, to the breaching Party.
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Breach of Material Obligations. Failure by either party to comply with any of the material obligations contained in this Agreement shall entitle the other party to give to the party in default notice specifying the nature of the default and requiring such party to cure such default. If the party receiving such notice disagrees with the existence, extent or nature of the default, the issue shall be referred to arbitration pursuant to Section 9.10 for a decision regarding the existence, extent or nature of the default, cure and remedy therefor. If such default is not cured within 60 days or after the determination pursuant to arbitration (or, if such default cannot be cured within such 60 day period and the party in default does not commence and diligently continue actions to cure such default), the notifying party shall be entitled, without prejudice to any of its other rights conferred on it by this Agreement, to all remedies available to it by law or in equity, including without limitation, the termination of this Agreement.
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Breach of Material Obligations either Borrower commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 8.1.5 or 8.2 or the Corporate Guarantor commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 5.1.4, 5.2 or 5.3 of the Corporate Guarantee; or
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Breach of Material Obligations any of the Borrowers commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 8.2 or 8.3 or any of the Collateral Guarantors or, as the case may be, the Manager or any other person fails to obtain and/or maintain the Insurances for any of the Mortgaged Ships or if any insurer in respect of such Insurances cancels the Insurances or disclaims liability by reason, in either case, of mis-statement in any proposal for the Insurances or for any other failure or default on the part of any of the Collateral Guarantors or any other person or any Transaction Guarantor commits any breach or omits to observe any of the obligations or undertakings expressed to be assumed by such Transaction Guarantor under clause 5 of each Transaction Guarantee to which it is a party; or
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Breach of Material Obligations. Failure by either party to comply with any of the material obligations contained in this Agreement shall entitle the other party to give to the party in default notice specifying the nature of the default and requiring such party to remedy such default. If such default is not remedied within ninety (90) days (or, if the default cannot be remedied within such ninety day period and the party in default does not commence and diligently continue actions to remedy such default), the notifying party shall be entitled, without prejudice to any of its other rights conferred on it by this Agreement, to all remedies available to it by law or in equity, including, without limitation, the termination of this Agreement.
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Breach of Material Obligations. The Borrower does not comply with the provisions in Clause 2.2 (Purpose), Clause 8.4.1 (Mandatory prepayment additional Security), Clause 12 (Security), Clause 14.3 (Notification of Default), Table of Contents Clause 14.4 (Other information) (except for Clauses 14.4.1 (b) and (c)), Clause 15.4 (Negative pledge), Clause 15.5 (Change of business, mergers, disposals and acquisitions), Clause 15,8 (Subordinated loans) or Clause 16 (Financial Covenants) or any requirement set out therein is not satisfied.
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Breach of Material Obligations. 9.1.6.1. The Issuer fails to comply with Clause 8.3 of these Terms and Conditions and if, in Mintos absolute discretion, such failure to perform is capable of remedy, it is not remedied within 30 (thirty) days from the date Mintos Subscriber has given a written notice to the Issuer. 9.1.6.2. The Issuer fails to comply with any clauses of the Terms and Conditions that causes a Material Adverse Effect, as defined in the Subscription Agreement.
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Related to Breach of Material Obligations

  • Confidential Obligations Licensor and Licensee each recognize that the other Party’s Confidential Information constitutes highly valuable and proprietary confidential information. Licensor and Licensee each agree that during the Term and for five (5) years thereafter, it will keep confidential, and will cause its employees, consultants (including academic collaborators and CROs), professional advisors, Affiliates and, in the case of Licensee, Sublicensees to keep confidential, all Confidential Information of the other Party. Neither Licensor nor Licensee nor any of their respective employees, consultants, Affiliates or, in the case of Licensee, Sublicensees, shall use any Confidential Information of the other Party for any purpose whatsoever other than exercising any rights granted to it hereunder or as expressly permitted in this Article 5. Licensee may disclose Licensor’s Confidential Information to the extent such disclosure is reasonably necessary to file and prosecute patent applications and/or maintain patents which are filed or prosecuted in accordance with the provisions of this Agreement, or to obtain any authorization to conduct clinical studies or any regulatory approval for Licensed Products. Each Party may disclose the other Party’s Confidential Information as reasonably necessary to file, conduct or defend litigation in accordance with the provisions of this Agreement or comply with applicable laws, regulations or court orders; provided, however, that if a Party is required to make any such disclosure of the other Party’s Confidential Information in connection with any of the foregoing, it will give reasonable advance notice to the other Party of such disclosure requirement and will use reasonable efforts to assist such other Party in efforts to secure confidential treatment of such information required to be disclosed.

  • Breach of Covenant The Borrower breaches any material covenant or other term or condition of this Note or the Purchase Agreement in any material respect and such breach, if subject to cure, continues for a period of thirty (30) days after the occurrence thereof.

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