Common use of DEFAULT OF THE COMPANY Clause in Contracts

DEFAULT OF THE COMPANY. If the Company defaults in its obligations to purchase the Series 2021 Bonds hereunder and other arrangements satisfactory to the Issuer for the purchase of the Series 2021 Bonds are not made within forty-eight (48) hours after default, this Agreement may be terminated by the Issuer without liability on its part.

Appears in 4 contracts

Samples: Bond Purchase Agreement, Bond Purchase Agreement, Bond Purchase Agreement

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DEFAULT OF THE COMPANY. If the Company defaults in its obligations to purchase the Series 2021 2023 Bonds hereunder and other arrangements satisfactory to the Issuer for the purchase of the Series 2021 2023 Bonds are not made within forty-eight (48) hours after default, this Agreement may be terminated by the Issuer without liability on its part.

Appears in 3 contracts

Samples: Bond Purchase Agreement, Bond Purchase Agreement, Bond Purchase Agreement

DEFAULT OF THE COMPANY. If the Company defaults in its obligations to purchase the Series 2021 2024 Bonds hereunder and other arrangements satisfactory to the Issuer for the purchase of the Series 2021 2024 Bonds are not made within forty-eight (48) hours after default, this Agreement may be terminated by the Issuer without liability on its part.

Appears in 3 contracts

Samples: Bond Purchase Agreement, Bond Purchase Agreement, Bond Purchase Agreement

DEFAULT OF THE COMPANY. If the Company defaults in its obligations to purchase the Series 2021 2020 Bonds hereunder and other arrangements satisfactory to the Issuer for the purchase of the Series 2021 2020 Bonds are not made within forty-eight (48) hours after default, this Agreement may be terminated by the Issuer without liability on its part.

Appears in 2 contracts

Samples: Bond Purchase Agreement, Bond Purchase Agreement

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DEFAULT OF THE COMPANY. If the Company defaults in its obligations to purchase the Series 2021 Bonds hereunder and other arrangements satisfactory to the Issuer for the purchase of the Series 2021 Bonds are not made within forty-eight forty‑eight (48) hours after default, this Agreement may be terminated by the Issuer without liability on its part.

Appears in 2 contracts

Samples: Bond Purchase Agreement, Bond Purchase Agreement

DEFAULT OF THE COMPANY. If the Company defaults in its obligations to purchase the Series 2021 2022 Bonds hereunder and other arrangements satisfactory to the Issuer for the purchase of the Series 2021 2022 Bonds are not made within forty-eight (48) hours after default, this Agreement may be terminated by the Issuer without liability on its part.

Appears in 1 contract

Samples: Bond Purchase Agreement

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