Common use of Default and Early Termination Clause in Contracts

Default and Early Termination. 26.1 Except as otherwise set forth herein, in the event of a monetary default by Charterer which is not cured within [...***...] of written notice thereof, Allegiant may terminate this Agreement. Except as otherwise set forth herein, in the event of a material default by Allegiant, which is not cured within [...***...] of written notice thereof, Charterer may either terminate this Agreement or offset any monetary amounts owed by Allegiant in its subsequent payment under section 8.1 or 8.2.

Appears in 5 contracts

Samples: Transportation Charter Agreement, Transportation Charter Agreement (Allegiant Travel CO), Transportation Charter Agreement (Allegiant Travel CO)

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