Default by Participant Sample Clauses

Default by Participant. 10.1 If payment of any of the amounts in this Agreement to be paid to the Qualified Contractor are not so made, or in the event that the Participant should default in any of the other covenants or agreements herein, or if the Municipality shall become insolvent or bankrupt or shall make a general assignment for the benefit of creditors, or if the Project is suspended or otherwise delayed for a period of fifteen (15) Business Days or more under an order of a court or other public authority provided that such order is not issued as a result of an act or omission of the Qualified Contractor, the Qualified Contractor may, without prejudice to any other right or remedy it has, terminate the Agreement immediately by providing the Participant and the AMSC written Notice.
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Default by Participant. Upon failure or default of Participant to satisfy any obligation under this Agreement, including, but not limited to, those representations and warranties in Paragraph 3, Organization may, fifteen (15) days after providing Participant with written notice by certified mail of such failure or default, declare this Agreement to be null and void and of no further force and effect. If such failure or default has not been cured by Participant to Organization’s satisfaction within such time period, Participant shall repay or authorize repayment to Organization of all amounts previously paid by Organization to Participant pursuant to this Agreement, if any. In addition to such declaration of nullity and return to Organization of all amounts previously paid to Participant, Organization shall be entitled to seek specific performance of this Agreement.
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Default by Participant. Each of the following shall constitute a “default” by the Participant under this Contract:
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Default by Participant. If, before the date of the Event, it is found that the Participant has not performed his or her obligations or that the financial credit of the Participant has been impaired, Xxxxxx Xxxxx may cancel this Agreement.
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Default by Participant. (a) Should any Participant at any time be in default (the "Defaulting Participant") of any monetary obligation of such Participant to FIHOP or to any other Participants (the "Nondefaulting Participants), arising out of or related to this Agreement or a Loan Participation Agreement, including by way of illustration but without limitation, the failure to fund its Percentage Interest of any Loan disbursement or to repay the other Participants for any disbursement made by them due to Defaulting Participant's default, or the failure to contribute its share of costs and expenses that are to be shared by the Participants, in each case in accordance with the terms hereof, then, in addition to any other rights and remedies that the Nondefaulting Participants may have against the Defaulting Participant under applicable law, Agent, at the direction of the Loan Committee, shall have and may exercise the following rights and remedies against the Defaulting Participant:
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Default by Participant. A. Any default by the Participant with respect to the payment of any billing because of any dispute shall be handled accordingly to the provisions of Article 13 of Chapter 70 of the Nebraska Revised Statutes.
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Default by Participant. In the event Participant fails to timely pay to Bank One any amount required to be made available by Participant hereunder, or upon the breach by Participant of any of its other obligations hereunder, Participant shall be liable to Bank One for all such amounts advanced hereunder by Bank One which Participant does not pay to Bank One, together with interest thereon at the "Prime Rate" referred to in the Loan Agreement from the date so advanced by Bank One until repaid, and all amounts payable with respect to the Note and other Loan Documents (whether with respect to or allocable to Tranche A, Tranche B or otherwise) shall be paid to and retained by Bank One until all such obligations of Participant to Bank One have been satisfied and no default by Participant exists hereunder. Once all obligations of Participant to Bank One shall have been satisfied, so that no default by Participant exists hereunder, Participant shall be entitled to receive all amounts payable hereunder with respect to its interest described herein, subject to its continued compliance with the terms hereof. BOCP Energy Partners, L.P. November 4, 1998 Page 6 Participant is requested to indicate its acceptance of the Participation, upon the terms hereinabove set forth, by executing and returning to Bank One one counterpart of this Participation Agreement. Yours truly, BANK ONE, TEXAS, N.A. By: -------------------------------------- Name: Title: The undersigned Participant hereby accepts, takes and purchases, as of the date first set out above, the Participation described in the foregoing Participation Agreement and accepts and agrees to the terms and conditions contained therein. BOCP ENERGY PARTNERS, L.P. By: -------------------------------------- Name: Title: Borrower hereby acknowledges receipt of a copy of the foregoing Participation Agreement and agrees to the terms thereof. TEXSTAR PETROLEUM, INC. By: -------------------------------------- Name: Title:
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Default by Participant 
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Related to Default by Participant

  • Termination of Continuous Service Except as otherwise provided in this Section 3, the unvested portion of the award shall be forfeited as of the date (the “Termination Date”) that the Grantee actually ceases to provide services to the Company or any Affiliate in any capacity of Employee, Director or Consultant (irrespective of whether the Grantee continues to receive severance or any other continuation payments or benefits after such date) (such cessation of the provision of services by Grantee being referred to as “Service Termination”). A Service Termination shall not occur and Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any Subsidiary or Affiliate, or any successor, in any capacity of Employee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Subsidiary or Affiliate in any capacity of Employee, Director or Consultant.

  • Termination Because of Death or Disability If Participant is Terminated because of death or Disability of Participant, the Option, to the extent that it is exercisable by Participant on the date of Termination, may be exercised by Participant (or Participant's legal representative) no later than twelve (12) months after the date of Termination, but in any event no later than the Expiration Date.

  • Participant See Section 7(a) hereof.

  • Termination by Reason of Death or Disability A Termination of the Employee’s employment by reason of death or Disability shall not be deemed to be a Termination by the Company (for or without Cause) or by the Employee (for or without Good Reason). In the event that the Employee’s employment with the Company Terminates as a result of the Employee’s death or Disability, the Employee or the Employee’s estate or representative, as applicable, will receive all accrued salary and accrued vacation as of the date of the Employee’s death or Disability and any other benefits payable under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of death or Disability and in accordance with applicable law. In addition, the Employee or the Employee’s estate or representative, as applicable, will receive the bonus for the year in which the death or Disability occurs to the extent that a bonus would have been earned had the Employee continued in employment through the end of such year, as determined in good faith by the Company’s CEO, Board of Directors or its Compensation Committee based on the specific corporate and individual performance targets established for such fiscal year, and only to the extent that bonuses are paid for such fiscal year to other similarly situated employees.

  • BREAK IN SERVICE - PARTICIPATION The Break in Service rule described in Section 2.03(B) of the Plan: (Choose (a) or (b)) [X] (a) Does not apply to the Employer's Plan. [ ] (b) Applies to the Employer's Plan.

  • Termination of Service Termination of Service shall mean the Executive's voluntary resignation of service by the Executive or the Bank's discharge of the Executive without cause, prior to the Early Retirement Date (Subparagraph I [K]).

  • Termination for Any Reason Except Death, Disability or Cause If Optionee is Terminated for any reason except Optionee’s death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 2.1 of this Agreement on the date of Termination, may be exercised by Optionee no later than three (3) months after the date of Termination, but in any event no later than the Expiration Date.

  • PARTICIPANT’S ACCEPTANCE The undersigned hereby accepts the foregoing Option and agrees to the terms and conditions hereof, including the terms and provisions of the 2021 Equity Incentive Plan. The undersigned hereby acknowledges receipt of a copy of the Company’s 2021 Equity Incentive Plan. PARTICIPANT EXHIBIT A NOTICE OF EXERCISE OF OPTION I hereby exercise the stock option (the “Option”) granted to me by HV Bancorp, Inc. (the “Company”) or its affiliate, subject to all the terms and provisions set forth in the Stock Option Agreement (the “Agreement”) and the HV Bancorp, Inc. 2021 Equity Incentive Plan (the “Plan”) referred to therein, and notify you of my desire to purchase shares of common stock of the Company (“Common Stock”) for a purchase price of $ per share. I elect to pay the exercise price by: ___ Cash or personal, certified or cashier’s check in the sum of $ , in full/partial payment of the purchase price. ___ Stock of the Company with a fair market value of $ in full/partial payment of the purchase price.* ___ A net settlement of the Option, using a portion of the shares obtained on exercise in payment of the exercise price of the Option (and, if applicable, any required tax withholding). ___ Selling shares from my Option shares through a broker in full/partial payment of the purchase price. I understand that after this exercise, shares of Common Stock remain subject to the Option, subject to all terms and provisions set forth in the Agreement and the Plan. I hereby represent that it is my intention to acquire these shares for the following purpose: ___ investment ___ resale or distribution Please note: if your intention is to resell (or distribute within the meaning of Section 2(11) of the Securities Act of 1933) the shares you acquire through this Option exercise, the Company or transfer agent may require an opinion of counsel that such resale or distribution would not violate the Securities Act of 1933 prior to your exercise of such Option. Date: , . Participant’s signature

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