Default Options. If permanent, project, appointive and temporary pending exam employees fail to enroll or waive medical coverage within the required enrollment period, the employee will be enrolled automatically in the City’s default medical plan. The default plan shall be the Regence BlueShield PPO Plan. If a temporary employee fails to timely enroll or waive coverage, the employee will be determined to have waived coverage, until such time as they enroll pursuant to a qualifying life event or an open enrollment period.
Default Options. If the Tenant violates any term or obligation under this Lease, or has misrepresented any material fact to the PHA, then the PHA shall have the right, at its option, to pursue any of the following remedies:
a) Civil suit for collection of any amount that may be owed to the PHA in the form of rent, utility surcharges, or for damage to its property;
b) Evict the Tenant and all members of the household;
c) Seek criminal prosecution, if appropriate;
d) Refer the Tenant to a collection agency for collection of any amount due and not paid;
e) Report any amount due by the Tenant to the PHA to a credit bureau;
f) Report to HUD any debt owed or any eviction; and
g) Recommend administrative sanctions by HUD.
Default Options. If an employee fails to enroll or waive medical coverage within the required enrollment period, the employee will be automatically enrolled in the City’s default medical plan. The default plan shall be the Regence PPO Plan.
Default Options. Any material breach of a covenant, obligation or undertaking under the Joint Venture Implementation Agreement or this Agreement that constitutes a Default Event according to Section 11.1 of the Joint Venture Implementation Agreement, shall trigger to the non-defaulting Shareholder the following rights:
(a) right to purchase all of the Shares held by the defaulting Shareholder at a price corresponding to [*] (“Default Call Option”); or
(b) right to sell all of its Shares to the defaulting Shareholder at a price corresponding to [*] (“Default Put Option”).
Default Options. (A) This clause 18.2 shall apply if an Event of Default occurs and is continuing in relation to any Shareholder (the “Defaulting Shareholder”).
(B) The other Shareholder (the “non-Defaulting Shareholder”) may, within 60 days of becoming aware of the Event of Default but not thereafter, serve a written notice (a “Default Notice”) on the Defaulting Shareholder requiring it to:
(i) sell or procure the sale of all (but not less than all) of the Defaulting Shareholder’s Shares to the non-Defaulting Shareholder at their Prescribed Value (in the case of an Event of Default within any of clauses 18.1(A), (B) or (C) (Events of Default), less a discount of 5%) (a “Default Call Option”); or
(ii) purchase all (but not less than all) of the non-Defaulting Shareholder’s Shares at their Prescribed Value (in the case of an Event of Default within any of clauses 18.1(A), (B) or (C), plus a premium of 5%) (a “Default Put Option”), and, in each case, free from all encumbrances and together with all rights attaching to the Shares.
(C) The parties shall use all reasonable endeavours to determine or procure the determination of the Prescribed Value of the relevant Shares (calculated as at the Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. The omissions have been indicated by asterisks (“*****”), and the omitted text has been filed separately with the Securities and Exchange Commission. date of service of the Default Notice) in accordance with the provisions of clause 23 (Prescribed Value) as soon as reasonably practicable after the giving of a Default Notice.
(D) The Shareholder which has served a Default Notice may revoke the Default Notice within 10 Business Days after the Prescribed Value of the relevant Shares has been determined. If the Default Notice is revoked, no further Default Notice may be served, and no Default Call Option or Default Put Option may be exercised, in respect of the circumstances comprising the relevant Event of Default.
(E) The transfer of the relevant Shares pursuant to this clause 18.2 shall be completed in accordance with the provisions of clause 21 (Completion of Share transfers) within seven Business Days after the determination of the Prescribed Value of the relevant Shares in accordance with the provisions of clause 23 (Prescribed Value) (subject to the provisions of clause 19 (Exercise of options and transfer rights)).
Default Options. If the Tenant violates any term or obligation under this lease, or has misrepresented any material fact to the PHA, then the PHA shall have the right, at its option, to pursue any of the following remedies:
1. Civil suit for collection of any amount that may be owed to the PHA in the form of rent, utility charges, or for damage to its property;
Default Options. Each Loan shall be either a Prime Rate Loan or a LIBOR Loan as shall be selected by Borrower, except as otherwise provided herein. During any period that any Event of Default or Potential Event of Default shall occur and be continuing, Borrower shall no longer have the option of electing LIBOR Loans, and all Loans made during such period shall be Prime Rate Loans only. It being understood, however, that nothing herein shall be construed to waive, amend or modify any right or power of the Banks and the Agent hereunder, including, without limitation, all rights to terminate the Commitments and declare the Obligations immediately due and payable.
Default Options. If Customer fails to provide Pay or Return Decisions to Bank in accordance with these requirements, Exception Checks will be handled in accordance with the default option as set forth in the Services’ Setup Form(s) for each Authorized Account, in accordance with the following:
Default Options. Business Unit Requisition ID Default If you select this option, the default values entered on this page are treated as part of the defaulting logic and are only applied if no other default values are found for each field. If default values already exist in the hierarchy, they are used, and the values on this page are not used. Override Line
Default Options. We return the Exception Check to the bank of first deposit marked "refer to maker" even if you validly issued the Exception Check (and do not charge it to your Account). We recommend the "return all" Default Option because it reduces the risk of unauthorized Checks being paid on your Account (even though it may result in valid Checks being returned unpaid).
