Default; Notice; Termination Clause Samples
The "Default; Notice; Termination" clause defines the process and consequences when one party fails to fulfill its contractual obligations. Typically, it outlines what constitutes a default, the requirement for the non-breaching party to provide written notice of the default, and a period during which the breaching party can remedy the issue. If the default is not cured within the specified timeframe, the clause allows the non-breaching party to terminate the agreement. This clause ensures that both parties have a clear, fair process for addressing breaches and provides a structured method for ending the contract if problems are not resolved.
Default; Notice; Termination. In accordance with Section 17.21.120 of the Fruita Municipal Code, in the event of any default or breach by the Developer of an applicable covenant, term, condition, or obligation under this Agreement, and if such default or breach continues after notice thereof and opportunity of a hearing as set forth in subsection 9.6 of this Agreement and subsection 17.21.100(E) of the Fruita Municipal Code, this Agreement may be forthwith terminated, at the option of the City. Any declaration of termination of the Agreement shall be effective only after and upon a resolution to that effect duly adopted by the City Council. All rights concerning remedies or attorney's fees shall survive any termination of this Agreement.
Default; Notice; Termination. If BOOKNOOK fails to perform any of the obligations under this Agreement and does not cure such default within 30 days after notice for the Village of such failure, the Village may terminate this Agreement on not less than 7 days' written notice to BOOKNOOK, provided, however, if such default is of such a nature that it cannot be completely cured within 30 days, then BOOKNOOK shall have a reasonable additional period, not to exceed 30 days (60 days to cure in total), provided BOOKNOOK promptly: (i) gives notice to the Village that it cannot cure within the first 30 days, but intends to cure; (ii) commences cure within the 30 day notice period; and diligently pursues cure thereafter, BOOKNOOK shall have such additional time to cure its failure. The foregoing notwithstanding, if the failure is a breach of BOOKNOOK’s insurance obligations hereunder, or if the failure threatens imminent harm of bodily injury or material property damage, the cure period shall be 3 days, during which time BOOKNOOK shall take reasonable efforts to mitigate the condition giving rise to the default, and to protect the public from harm. If BOOKNOOK fails to cure its breach, the Village may terminate this Agreement by written notice to BOOKNOOK, effective 7 days from the date of that notice.
Default; Notice; Termination. If the County defaults in the performance of any of the terms, covenants or conditions of this Agreement, the Village may give the County a written notice of such default, and if the County does not cure such default within thirty (30) days after the giving of such notice, or if such other default is of such nature that it cannot be completely cured within thirty (30) days, then Village may terminate this Agreement on not less than seven (7) days' prior written notice to the County, and on the date specified in said notice the term of this Agreement shall terminate, at which time Association shall then quit and surrender the Premises and Facilities to Village except that the Association shall remain and continue to remain liable as hereinafter provided. If this Agreement shall have been so terminated by Village may at any time thereafter resume and retake possession of the Premises and Facilities by any lawful means.
Default; Notice; Termination. If the Book Nook Gardens defaults in the performance of any of the terms, covenants or conditions of this Agreement, the Village may give the Book Nook Gardens a written notice of such default, and if the Book Nook Gardens does not cure such default within thirty (30) days after the giving of such notice, or if such other default is of such nature that it cannot be completely cured within thirty (30) days, then Village may terminate this Agreement on not less than seven (7) days' prior written notice to the Book Nook Gardens, and on the date specified in said notice the term of this Agreement shall terminate, at which time Book Nook Gardens shall then quit and surrender the Premises and Facilities to Village except that the Book Nook Gardens shall remain and continue to remain liable as hereinafter provided. If the Village finds an alternate tenant to occupy this unit during this lease, the Village has the option to terminate this lease agreement by providing Book Nook Gardens with a thirty (30) day advance written notice. If this Agreement shall have been so terminated the Village may at any time thereafter resume and retake possession of the Premises and Facilities by any lawful means.