Common use of Default and Notice Clause in Contracts

Default and Notice. Any Party that fails to pay when due its Participating Interest share of Joint Account expenses, including cash advances and interest, shall be in default under this Agreement (a “Defaulting Party”). Operator, or any non-defaulting Party in the case Operator is the Defaulting Party, shall promptly give notice of such default to the Defaulting Party and each of the non-defaulting Parties (the “Default Notice”). The amount not paid by the Defaulting Party shall bear interest from the date due until paid in full at the Agreed Interest Rate.

Default and Notice. Any Party that fails to pay when due its Participating Interest share of Joint Account expenses, including cash advances and interest, shall be in default under this Agreement (a “"Defaulting Party”"). Operator, or any non-defaulting Party in the case Operator is the Defaulting Party, shall promptly give notice of such default to the Defaulting Party and each of the non-defaulting Parties (the “"Default Notice”"). The amount not paid by the Defaulting Party shall bear interest from the date due until paid in full at the Agreed Interest Rate.

Default and Notice. Any Party that fails to pay when due its Participating Interest share of Joint Account expenses, expenses including cash advances and interest, accrued pursuant to this Agreement (a "Defaulting Party") shall be in default under this Agreement (a “Defaulting Party”)Agreement. Operator, or any non-defaulting other Party in the case Operator is of the Defaulting Partydefault of Operator, shall promptly give written notice of such default to the Defaulting such Party and each of the non-defaulting Parties (the “Default Notice”)Parties. The amount not paid by the Defaulting Party shall bear interest from the date due until paid in full at full. Interest will be calculated using the Agreed Interest Rate.

Default and Notice. Any Party that fails to pay when due its Participating Interest share of Joint Account expenses, including cash advances and interest, incurred pursuant to this Agreement (a "Defaulting Party") shall be in default under this Agreement (a “Defaulting Party”)Agreement. Operator, or any non-defaulting Party in the case Operator is of the Defaulting Partydefault of Operator, shall promptly give written notice of such default to the Defaulting Party and each of the non-defaulting Parties (the “"Default Notice”"). The amount not paid by the Defaulting Party shall bear interest from the date due until paid in full at full. Interest will be calculated using the Agreed Interest Rate.

Default and Notice. 8.1. A Any Party that fails to pay when due its Participating Interest share of Joint Account expenses, charges (including cash advances Cash Calls and interest), or provide when due and maintain any Security required of such Party under the Contract or this Agreement, or perform its indemnity obligations under the Contract or this Agreement, shall be in default under this Agreement (a “"Defaulting Party”"). Operator, or any non-defaulting Party in the case Operator is the Defaulting Partyin default under this Agreement, shall promptly give notice of such default a Default Notice to the Defaulting Party and each of the non-defaulting Parties (the “Default Notice”). The amount not paid by the Defaulting Party shall bear interest from the date due until paid in full at the Agreed Interest Rateother Parties.

Default and Notice. Any Party party that fails to pay when due its Participating Interest share of Joint Account expenses, including cash advances and interest, incurred pursuant to this Agreement (a "Defaulting Party") shall be in default under this Agreement (a “Defaulting Party”)Agreement. Operator, or any non-defaulting Party in the case Operator is of the Defaulting Partydefault of Operator, shall promptly give written notice of such default to the Defaulting Party and each of the non-defaulting Parties (the “"Default Notice”"). The amount not paid by the Defaulting Party shall bear interest from the date due until paid in full at full. Interest will be calculated using the Agreed Interest Rate.