Consequences of Events of Default and Corrective Action Sample Clauses

Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Province may, at any time, take one or more of the following actions:
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Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Ministry may, at any time, take one or more of the following actions:
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Consequences of Events of Default and Corrective Action. If an Event of Default occurs, MHO may, at any time, take one or more of the following actions:
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Consequences of Events of Default and Corrective Action. If an Event of Default oc- curs and the UTM/DDA does not remedy the Event of Default the Province may, at any time, take one or more of the following actions:
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Consequences of Events of Default and Corrective Action. If an Event of Default occurs, HSC may, at any time, take one or more of the following actions:
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Consequences of Events of Default and Corrective Action. If an Event of Default occurs, thProvince may, at any time, take one or more of the following actions:
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Consequences of Events of Default and Corrective Action. If an Event of Default occurs, the Province may take, at any time, without liability, penalty or costs to the Province, one or more of the following actions: initiate any action the Province considers necessary in order to facilitate the successful continuation or completion of the Program; provide the Recipient with an opportunity to remedy the Event of Default; suspend the payment of Funds for such period as the Province determines appropriate; reduce the amount of the Funds; cancel all further instalments of Funds; demand the repayment of any Funds remaining in the possession or under the control of the Recipient; demand the repayment of an amount equal to any Funds the Recipient used, but did not use in accordance with the Agreement; demand the repayment of an amount equal to any Funds the Province provided to the Recipient; and upon giving Notice to the Recipient, terminate the Agreement.
Sample 1
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Consequences of Events of Default and Corrective Action. If an Event of Default on the part of Xxxxxxx occurs, The City may, at any time, take one or more of the following actions:
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Related to Consequences of Events of Default and Corrective Action

  • Default and Consequences of Default 16.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Seller’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Consequences of Default Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement:

  • EVENTS OF DEFAULTS AND CONSEQUENCES 9.1 Subject to the Force Majeure clause, the Promoter shall be considered under a condition of Default, in the following events:

  • Events of Default and Remedies Section 8.01

  • Train Operator Events of Default The following are Train Operator Events of Default:

  • Effect of Event of Default If any Event of Default described in Section 13.1.4 shall occur in respect of the Company, the Commitments shall immediately terminate and the Loans and all other Obligations hereunder shall become immediately due and payable and the Company shall become immediately obligated to Cash Collateralize all Letters of Credit, all without presentment, demand, protest or notice of any kind; and, if any other Event of Default shall occur and be continuing, the Administrative Agent may (and, upon the written request of the Required Lenders shall) declare the Commitments to be terminated in whole or in part and/or declare all or any part of the Loans and all other Obligations hereunder to be due and payable and/or demand that the Company immediately Cash Collateralize all or any Letters of Credit, whereupon the Commitments shall immediately terminate (or be reduced, as applicable) and/or the Loans and other Obligations hereunder shall become immediately due and payable (in whole or in part, as applicable) and/or the Company shall immediately become obligated to Cash Collateralize the Letters of Credit (all or any, as applicable), all without presentment, demand, protest or notice of any kind. The Administrative Agent shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. Any cash collateral delivered hereunder shall be held by the Administrative Agent (without liability for interest thereon) and applied to the Obligations arising in connection with any drawing under a Letter of Credit. After the expiration or termination of all Letters of Credit, such cash collateral shall be applied by the Administrative Agent to any remaining Obligations hereunder and any excess shall be delivered to the Company or as a court of competent jurisdiction may elect.

  • Events of Default Any of the following shall constitute an Event of Default:

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