Common use of DEFINITION OF DEFAULT BY MEMBER AND EFFECT THEREOF Clause in Contracts

DEFINITION OF DEFAULT BY MEMBER AND EFFECT THEREOF. It is mutually agreed as follows: Member shall be in default hereunder should any one or more of the events specified in this Article occur and should said default not be cured within ten (10) days following written notice by the Cooperative to Member of such default. Should such a default occur and remain uncured, then the Cooperative, at its option, may terminate this agreement, in which case all of the Member's rights hereunder will expire on the date specified in the written notice from the Cooperative to the Member, and, in addition to any other rights and remedies it may have, the Cooperative shall have the option to exercise any one or more of the following remedies, it being agreed that pursuit of any remedy provided in this agreement shall not preclude pursuit of any other remedy or remedies herein provided or provided by law, and that any of such remedies may be pursued regardless of whether or not the default continues to exist and whether or not the Cooperative accepts or has accepted payment of Monthly Carrying Charges subsequent to the occurrence of such default:

DEFINITION OF DEFAULT BY MEMBER AND EFFECT THEREOF. It is mutually agreed as follows: Member shall be in default hereunder should any one or more of the events specified in clauses (1) to (15) of this Article occur and should said default not be cured within ten (10) days following written notice by the Cooperative to Member of such default. Should such a default occur and remain uncured, then the Cooperative, at its option, may terminate this agreement, in which case all of the Member's rights hereunder will expire on the date specified in the written notice from the Cooperative to the Member, and, in addition to any other rights and remedies it may have, the Cooperative shall have the option to exercise any one or more of the following remedies, it being agreed that pursuit of any remedy provided in this agreement shall not preclude pursuit of any other remedy or remedies herein provided or provided by law, and that any of such remedies may be pursued regardless of whether or not the default continues to exist and whether or not the Cooperative accepts or has accepted payment of Monthly Carrying Charges subsequent to the occurrence of such default:

DEFINITION OF DEFAULT BY MEMBER AND EFFECT THEREOF. It is mutually agreed as follows: Member shall be in default hereunder should any one or more of the events specified in clauses (1) to (14) of this Article occur and should said default not be cured within ten (10) days following written notice by the Cooperative to Member of such default. Should such a default occur and remain uncured, then the Cooperative, at its option, may terminate this agreement, in which case all of the Member's rights hereunder will expire on the date specified in the written notice from the Cooperative to the Member, and, in addition to any other rights and remedies it may have, the Cooperative shall have the option to exercise any one or more of the following remedies, it being agreed that pursuit of any remedy provided in this agreement shall not preclude pursuit of any other remedy or remedies herein provided or provided by law, and that any of such remedies may be pursued regardless of whether or not the default continues to exist and whether or not the Cooperative accepts or has accepted payment of Monthly Carrying Charges subsequent to the occurrence of such default:

DEFINITION OF DEFAULT BY MEMBER AND EFFECT THEREOF. It is mutually agreed as follows: Member shall be in default hereunder should any one or more of the events specified in clauses (a) to (l) of this Article occur and should said default not be cured within ten (10) days following written notice by the Cooperative Co-Op to Member of such default. Should such a default occur and remain uncured, then the CooperativeCo-Op, at its option, may terminate this agreementAgreement, in which case all of the Member's rights hereunder will expire on the date specified in the written notice from the Cooperative Co-Op to the Member, and, in addition to any other rights and remedies it may have, the Cooperative Co- Op shall have the option to exercise any one or more of the following remedies, it being agreed that pursuit of any remedy provided in this agreement Agreement shall not preclude pursuit of any other remedy or remedies herein provided or provided by law, and that any of such remedies may be pursued regardless of whether or not the default continues to exist and whether or not the Cooperative Co-Op accepts or has accepted payment of the Monthly Carrying Charges Service Fee subsequent to the occurrence of such default: