Default by Issuer. If default is made by the Issuer in respect of any payment, unless and until the full amount of payment has been made under the terms of this Agreement and the Conditions or other arrangements satisfactory to the Principal Paying Agent have been made, the Paying Agents shall not be bound to act as paying agents except to the extent that the Principal Paying Agent is making payment on the date on which the relevant payment becomes due and payable.
Default by Issuer. In the event an issuer defaults on any payments to be made to a Member(s), the Member(s) must notify the Platform of the same through the means set forth in Paragraph 23.1. The issuer shall be asked to provide an explanation of the same to the Platform and the concerned Member(s) in a notification sent to the issuer by the Platform. In the event a resolution mutually acceptable to the concerned issuer and the Member(s) is not reached within 60 days from the date of the notification to the issuer from the Platform, the Platform shall appoint a third-party, at its own discretion but at the Member(s) and issuer’s expense (to be shared evenly by the Member and the issuer), to examine the books of account of the issuer. Any recommendation made by the third-party to either the issuer or the Member must be complied with at the earliest. The Platform shall assume no liability in for any loss suffered by any the Member or the issuer due to the compliance or non-compliance (by the Member or the Issuer) of the recommendations made by the third-party.
Default by Issuer. In the event of a default by [Issuer] under any covenant, agreement, or obligation in this Agreement, Gas Purchaser (without limiting the provisions of Section 14.6) may bring any suit, action, or proceeding at law or in equity, including without limitation mandamus, injunction, and action for specific performance, as Gas Purchaser determines may be necessary or appropriate to enforce any covenant, agreement, or obligation in this Agreement against [Issuer].
Default by Issuer. No Agent shall have any duty or responsibility in the case of any default by the Issuer in the performance of its obligations under the Conditions.
