Common use of Default by Company Clause in Contracts

Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. The scheduled performance dates, including the Delivery Date and Installation Schedule, shall be exceeded by more than thirty (30) days; or B. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's receipt of written notice from Buyer of such default or breach; or C. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's receipt of written notice from Buyer of such breach. If any event of default occurs and is not cured within any applicable period specified above, Buyer, at its sole option, may employ any remedy then available to it, whether at law or in equity, including, but not limited to, the following: A. Proceed by appropriate court action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification set forth in Paragraph 15 hereof; or B. Terminate this Agreement as to all or any part as Buyer in its sole discretion may determine; or C. Pursue any other rights or remedies available to Buyer under the laws of the State of Maryland.

Appears in 6 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. The scheduled performance dates, including the Delivery Date and Installation Schedule, shall be exceeded by more than thirty (30) days; or B. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's receipt of written notice from Buyer of such default or breach; or C. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's receipt of written notice from Buyer of such breach. If any event of default occurs and is not cured within any applicable period specified above, Buyer, at its sole option, may employ any remedy then available to it, whether at law or in equity, including, but not limited to, the following: A. Proceed by appropriate court action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification set forth in Paragraph 15 hereof; or B. Terminate this Agreement as to all or any part as Buyer in its sole discretion may determine; or C. Pursue any other rights or remedies available to Buyer under the laws of the State of MarylandTennessee.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. The scheduled performance dates, including the Delivery Date and Installation ScheduleDate, shall be exceeded by more than thirty (30) days; or B. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's receipt of written notice from Buyer of such default or breach; or C. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's receipt of written notice from Buyer of such breach. If any event of default occurs and is not cured within any applicable period specified above, Buyer, at its sole option, may employ any remedy then available to it, whether at law or in equity, including, but not limited to, the following: A. Proceed by appropriate court action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification set forth in Paragraph 15 hereof; or B. Terminate this Agreement as to all or any part as Buyer in its sole discretion may determine; or C. Pursue any other rights or remedies available to Buyer under the laws of the State of MarylandTennessee.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. The scheduled performance dates, including the Delivery Date and Installation Schedule, shall be exceeded by more than thirty (30) days; or B. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's receipt of written notice from Buyer of such default or breach; or C. B. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's receipt of written notice from Buyer of such breach. If any event of default occurs and is not cured within any applicable period specified above, Buyer, at its sole option, may employ any remedy then available to it, whether at law or in equity, including, but not limited to, the following: A. Proceed by appropriate court action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification set forth in Paragraph 15 hereof; or B. Terminate this Agreement as to all or any part as Buyer in its sole discretion may determine; or C. Pursue any other rights or remedies available to Buyer under the laws of the State of MarylandNevada.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Degaro Innovations Corp.)

Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. 16.1. The scheduled performance dates, including the Delivery Date and Installation Schedule, shall be exceeded by more than thirty (30) days; or B. 16.2. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's ’s receipt of written notice from Buyer of such default or breach; or C. 16.3. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's ’s receipt of written notice from Buyer of such breach. If any event of default occurs and is not cured within any applicable period specified above, Buyer, at its sole option, may employ any remedy then available to it, whether at law or in equity, including, but not limited to, the following: A. i. Proceed by appropriate court action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification set forth in Paragraph 15 hereof; or B. ii. Terminate this Agreement as to all or any part as Buyer in its sole discretion may determine; or C. iii. Pursue any other rights or remedies available to Buyer under the laws of the State of Marylandstate.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. The scheduled performance dates, including the Delivery Date and Installation Schedule, shall be exceeded by more than thirty (30) days; or B. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's receipt of written notice from Buyer of such default or breach; or C. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's receipt of written notice from Buyer of such breach. If any event of default occurs and is not cured within any applicable period specified above, Buyer, at its sole option, may employ any remedy then available to it, whether at law or in equity, except as limited in Section 13 of this Agreement, including, but not limited to, the following: A. Proceed by appropriate court legal action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification Defense and Indemnification set forth in Paragraph 15 Section 10 hereof; or B. Terminate this Agreement as to all or any part as Buyer in its sole discretion may determine; or C. Pursue any other rights or remedies available to Buyer under the laws of the State of MarylandCalifornia, except as limited in Section 13 of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Athena Bitcoin Global)

Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. The scheduled performance dates, including the Delivery Date and Installation ScheduleDate, shall be exceeded by more than thirty (30) days; or B. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's receipt of written notice from Buyer BUYER of such default or breach; or C. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's receipt of written notice from Buyer BUYER of such breach. If any event of default occurs and is not cured within any applicable period specified above, BuyerBUYER, at its sole option, may employ any remedy then available to it, whether at law or in equity, including, but not limited to, the following: A. Proceed by appropriate court action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification set forth in Paragraph 15 hereof; or B. Terminate this Agreement as to all or any part as Buyer BUYER in its sole discretion may determine; or C. Pursue any other rights or remedies available to Buyer BUYER under the laws of the State of MarylandTennessee.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Default by Company. Upon the occurrence of any of the following events, and except as is otherwise provided for in this Agreement, Company shall be deemed to be in default under this Agreement if: A. The scheduled performance dates, including the Delivery Date and Installation ScheduleDate, shall be exceeded by more than thirty (30) days; or B. Company fails or defaults in the performance of any material obligation or covenant under this Agreement and does not correct or substantially cure such failure, default, or breach within thirty (30) days from and after Company's receipt of written notice from Buyer of such default or breach; or C. Any material representation or warranty made by Company hereunder is breached and remains uncured from and after thirty (30) days following Company's receipt of written notice from Buyer of such breach. If any event of default occurs and is not cured within any applicable period specified above, Buyer, at its sole option, may employ any remedy then available to it, whether at law or in equity, including, but not limited to, the following: A. Proceed by appropriate court action to enforce performance by Company of the applicable covenants and obligations of this Agreement and to recover damages for the breach thereof, and/or to enforce the indemnification set forth in Paragraph 15 hereof; or B. Terminate this Agreement as to all or any part as Buyer in its sole discretion may determine; or C. Pursue X. Xxxxxx any other rights or remedies available to Buyer under the laws of the State of MarylandTennessee.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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