DEFAULT CLAUSES. These clauses indicate remedies, the remediation period or contractual termination in the event either party violates a contractual obligation and the means and ability of either party to terminate the contract. Usually, termination clauses include methods of remedy which describe ways to correct any default(s).
DEFAULT CLAUSES. 17.1. Upon the occurrence of any of the following events (also hereinafter referred to as "Events of Default"), Landlord shall have the right, at Landlord's option, to terminate this lease and the Term, as well as all of the right, title and interest of Tenant in and to the Premises hereunder, by giving Tenant ten (10) days' notice in writing of such termination, whereupon this lease and the Term, as well as all of the right, title and interest of Tenant in and to the Premises, shall wholly cease and expire in the same manner, and with the same force and effect (except as to Tenant's liability), as if the date fixed by such notice were the Expiration Date of the Term:
(a) if Tenant shall fail to pay any installment of Fixed Rent when the same shall become due and payable or if Tenant shall fail to pay, any additional rent, or any other payment or any part thereof required to be paid by Tenant pursuant to this lease as and when the same shall become due and payable and in either case such failure shall continue for ten (10) days after notice by Landlord to Tenant of such failure to pay such amount when due; or
(b) if Tenant shall violate, fail to comply with, or fail to timely perform any other covenant, term, or condition of this lease and such violation or failure shall continue for thirty (30) days after notice by Landlord to Tenant of such violation or failure; provided that if such violation or failure cannot reasonably be remedied within such 30-day period, Tenant shall have such longer period as is reasonable to remedy such violation or failure provided Tenant commences such remedy within such 30-day period and thereafter diligently proceeds with such remedy; or
(c) if any execution or attachment shall be issued against Tenant or any material portion of Tenant's property, whereby the Premises or any part thereof shall be taken or occupied, or by someone other than Tenant; or
(d) if Tenant's right, title and interest in this lease, or the estate of Tenant hereunder, shall be transferred or passed to, or devolve upon, any other person, firm, corporation, or other entity (except as may be otherwise permitted under this lease); or
(e) if Tenant shall abandon the Premises or leave same unoccupied or unattended; or
(f) if Landlord shall terminate the M&S Agreement pursuant to Section 7.2 of the M&S Agreement. On or before the expiration of the ten (10) days' notice referred to in Section 17.1, Tenant shall immediately quit and surrender the Premises and ea...
DEFAULT CLAUSES. 7.1 The occurrence of any of the following events constitutes an event of default of Party B under this Contract:
(1) The credit under this Contract has incurred default interest, overdue, advances or any other outstanding debts payable by Party B, or has not been used for the purpose agreed by both parties;
(2) Party B fails to pay the credit or loan funds in the agreed manner or evade the credit or loan entrusted payment by rounding to zero;
(3) Party B is in breach of any representations, warranties or undertakings given by it;
(4) Party B is in breach of any of its obligations under this Contract;
(5) The information or materials provided by Party B to Party A in relation to the execution or performance of this Contract are inaccurate, incomplete, concealed significant fact or contain material omissions or misleading statement;
(6) Party B fails to complete the guarantee registration procedures (if required) in relation to this Contract as required in a timely manner;
(7) Party B or the guarantor evades the bank’s creditor’s claims through related party transactions or other means;
(8) Party B or the guarantor has defaulted in the management and recourse of due debts, or transferred its property by ways including disposal of its main property at nil consideration or unreasonable low prices or in other inappropriate ways, or withdrawn funds or otherwise evaded debts;
(9) Party B took advantage of false contracts and arrangements with any third party, including but not limited to discounting or pledging creditor’s rights such as bills receivable without real trade background to obtain funds or credit from Party A or other banks;
(10) Party B or the guarantor is in breach of any other contract (including but not limited to credit contract, loan contract or guarantee contract, etc.) or default under any securities of debt nature issued by Party A or other financial institutions (including other branches of Party A);
(11) Party B’s guarantor breaches the guarantee contract (including but not limited to the guarantee contract, mortgage contract, and pledge contract), or an event of breach under the guarantee contract has occurred, or the guarantee contract is not effective, or is invalid or revoked, or the registration of guarantee is not completed as required; the value of the collateral is significantly reduced, lost or the collateral is in dispute in terms of title, or is subject to seizure, detainment , freezing, deduction, lien, or auction, etc.;
(12) T...
DEFAULT CLAUSES. Upon the occurrence of any of the following events (also hereinafter referred to as "Events of Default"), Landlord shall have the right, at Landlord's option, to terminate this lease and the Term, as well as all of the right, title and interest of Tenant in and to the Premises hereunder, by giving Tenant ten (10) days' notice in writing of such termination, whereupon this lease and the Term, as well as all of the right, title and interest of Tenant in and to the Premises, shall wholly cease and expire in the same manner, and with the same force and effect (except as to Tenant's liability), as if the date fixed by such notice were the Expiration Date of the Term:
DEFAULT CLAUSES. In case Party No.2 fails to honour its liability within the terms of the agreement with regard to the segregation and handling of Biomedical Waste as per the Biomedical Waste Management Rules, Party No.1 shall be entitled to discontinue the service to Party No.
DEFAULT CLAUSES. In the event that Tenant shall default or fail in the performance of any covenant or agreement on its part in this Lease, and such default is not cured for a period of ninety (90) days after Tenant receives written notice of default from Landlord, or if such default cannot, with due diligence, be cured within ninety (90) days, and Tenant shall not have commenced to remedy the same within such period and shall not be proceeding with due diligence and in good faith to remedy it, then, and in such case, Landlord may at Landlord's option, on 90 days' written notice by Landlord, purchase Tenant's interest in this Lease, as more particularly set forth in paragraph 22 herein, except that Landlord shall be given a set-off or credit against the purchase price for the amount of the default, and the balance of the purchase price, less the amount needed to cure said default, shall be remitted directly to the Tenant.
DEFAULT CLAUSES. Contracts which are estimated to exceed £50,000 shall provide that should the contractor default in the terms of the contract, the PCCs and PFCC(s), without prejudice to any remedy for breach of contract, shall be at liberty to purchase other goods, works or services as appropriate of the same or similar description to make good any default. Every contract shall provide that the amount by which the cost of purchasing other goods, works or services (including the expenses of acquiring the new supplier) exceeds the amount which would have been payable to the contractor shall be recoverable from the contractor.
DEFAULT CLAUSES. 违约条款
(1) Both Parties solemnly promise to strictly preform their respective responsibilities and obligations stipulated in this Agreement. Any breach of any obligation under this Agreement by either Party shall constitute a breach of contract hereunder. The breaching party shall bear responsibility for continuing to perform, taking remedial measures, and compensating for losses. Compensation for losses should include attorney fees, litigation fees, investigation fees, notarization fees, travel expenses and other rights protection expenses. 双方郑重承诺，严格履行本协议规定的责任和义务。任何一方违反本协议规定的任何义务，都 构成违约。违约方应承担继续履行、采取补救措施、支付违约金、赔偿损失的责任。损失赔偿 应包括律师费、诉讼费、调查费、公证费、差旅费及其他维权费用。
(2) If the Buyer fails to pay the amount payable on time as agreed herein, Seller has the right to unilaterally terminate this Agreement without assuming any liability for breach of contract, and the advance payment (if any) paid by the Buyer will not be refunded. 买方未按本协议约定按时支付应付款项，卖方有权选择单方面解除本协议并不承担任何违约责任，买方支付的预付款（若有）不予退还。
(3) Seller shall ensure that the delivery of the Products to Buyer is no less than the effort set forth in this Agreement. Seller may adjust the brand type of the Products actually delivered, and, subject to Article 5 hereof, Buyer shall not refuse to accept such Products on the grounds of non-conformity of the Products actually delivered, and Seller shall not assume any liability for breach of contract. 卖方应保证交付买方服务器的总算力不低于本协议约定。卖方可以调整实际交付产品的品牌种类 ， 买方不得以实际交付不符为理由拒绝接受产品，卖方也不因此承担任何违约责任。
DEFAULT CLAUSES. 29 17. Landlord's Remedies .................................... 31 18. Tenant to Indemnify Landlord ........................... 34 3
DEFAULT CLAUSES. 16.1 Upon the occurrence of any of the following events (hereinafter called "EVENTS OF DEFAULT"), Landlord shall have the right, at Landlord's option, in addition to exercising its remedies under Section 16.4 and/or Articles 14 or 17, to terminate this Lease and the Term, as well as all of the right, title and interest of Tenant in and to the Leased Premises hereunder, by giving Tenant ten (10) days' notice in writing of such termination, whereupon this Lease and the Term, as well as all of the right, title and interest of Tenant in and to the Leased Premises, shall wholly cease and expire in the same manner, and with the same force and effect (except as to Tenant's liability), as if the date fixed by such notice were the expiration date of the Term:
(a) if Tenant shall fail to pay any installment of Fixed Net Rent, any other item of additional rent, or any part thereof as and when the same shall become due and payable, and such default shall continue for a period of five (5) business days after written notice from Landlord, provided no such notice shall be required more than three times in any 12 month period;
