Determination of Default Sample Clauses

Determination of Default. In the event of any dispute between the Banks and the Borrower or amongst the individual Banks, as to whether an Event of Default has occurred, any disputing party may request the Agent in writing to seek clarification from the Banks and obtain the determination of the Majority Banks.
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Determination of Default. The following acts or omissions constitute acts of default and, except as to subparagraphs (i and k), the Department will give notice, in writing, to the Contractor and his surety for any delay, neglect or default, if the Contractor:
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Determination of Default. The Developer shall meet with the Agency to discuss the facts of the Agency’s concerns about compliance of this Agreement. If, in fact, a requirement of the Agreement has not been met, or has not been met in the time as agreed pursuant to this Agreement, or if the Developer is not successful in proving that such a requirement has actually been met, then the Agency may declare a Default.
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Determination of Default. If, after the City has reviewed the results of a particular Performance Review including problem areas, frequency of occurrence, recommended improvements and compliance therewith, and has considered any evidence presented by the Contractor in connection therewith including any evidence that performance issues have or may be cured, the City determines to its satisfaction and based upon Substantial Evidence that a material Event of Default has occurred, then this Agreement may be terminated by the City at its option pursuant to Article 11 without prejudice to any other remedy to which it may be entitled to either at law, in equity, or under this Agreement by giving written notice of termination, either by mail or personal service, to the Contractor not less than thirty (30) days prior to the date upon which the termination is to become effective.
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Determination of Default. If, after the County has reviewed the results of a particular Performance Review, including problem areas, frequency of occurrence, recommended improvements and compliance therewith, and has considered any evidence presented by the Contractor in connection therewith, the County determines to its satisfaction that an event of Default has occurred, then the County may issue a Notice of Default pursuant to Section 11.2 of this Agreement and without prejudice to any other remedy to which it may be entitled to either at law, in equity, or under this Agreement, and/or issue a written notice of termination, either by mail or personal service, to Contractor not less than thirty (30) days prior to the date upon which the termination is to become effective.
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Determination of Default. If, after the City has reviewed the results of a particular Performance Review including problem areas, frequency of occurrence. recommended improvements and compliance therewith, and has considered any evidence presented by the Contractor in connection therewith, the City determines to its satisfaction that any significant Event of Default has occurred, then this Agreement may be terminated by the City at its option pursuant to Article 10.
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Determination of Default. (a) The Facility Agent shall make a determination as to whether or not a Default is continuing for the purposes of any Finance Document as soon as reasonably practicable after being requested by the Borrower to make such a determination. (b) In determining whether a Default is continuing, the Facility Agent may request and rely on a certificate issued by the Borrower as determinative, in the absence of express knowledge to the contrary, of the absence of any Default.
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Determination of Default. Default shall be determined as follows:
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Determination of Default. If a party to this Contract determines that any duty or obligation required by this Contract has not been made, tendered or performed by the other party, the non-defaulting party shall provide written notice of such determination to the defaulting party. If such defect(s) is not cured within thirty (30) days from the date notice is given, the non-defaulting party may terminate the Contract. If the non-defaulting party elects to treat this Contract as being in full force and effect, the non-defaulting party shall have the right to an action for specific performance, damages, or both.
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Related to Determination of Default

  • Termination of Default An Event of Default shall be deemed to have been terminated upon the earliest to occur of: 13.7.1. The date the Representative and the Company enter into a settlement of all claims; or 13.7.2. If an Acceleration has not been authorized by the Holders, the date the Company has paid (i) to the Holders, all payments due through such date; and (ii) to the Representative, all the fees and expenses described in section 12.3.2(f); or 13.7.3. If an Acceleration has been authorized by the Holders, the date the Company has paid (i) to the Holders all payments due through such date; and (ii) to the Representative, all the expenses described in section 12.3.2(f); but only if a Majority agrees to annul the demand for Acceleration.

  • Notification of default Each Borrower will notify the Agent as soon as that Borrower becomes aware of: (a) the occurrence of an Event of Default or a Potential Event of Default; or (b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.

  • Definition of Default The BUYER shall be deemed to be in default under this CONTRACT in the following cases: (a) If the first, second, third or fourth instalment is not paid to the BUILDER within the respective DUE DATE of such instalments; or (b) If the fifth instalment is not deposited in accordance with Article X.4.(a)(ii) hereof or if the said fifth instalment deposit is not released to the BUILDER against presentation by the BUILDER of a copy of the original PROTOCOL OF DELIVERY AND ACCEPTANCE; or (c) If the BUYER fails to take delivery of the VESSEL when the VESSEL is duly tendered for delivery by the BUILDER under the provisions of Article VII hereof; or (d) If an order or an effective resolution shall be passed for winding up of the BUYER (except for the purpose of reorganization, merger or amalgamation); or In case the BUYER is in default as set out in Paragraph 1 above, the BUILDER is entitled to and shall have the following rights, powers and remedies in addition to such other rights, powers and remedies as the BUILDER may have elsewhere in this CONTRACT and/or at law, at equity or otherwise.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • Calculation of default rate of interest The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period applicable to it); (b) the Margin plus the Mandatory Cost plus, in respect of successive periods of any duration (including at call) up to 3 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London interbank market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Action if Other Event of Default If any Event of Default (other than any Event of Default described in clauses (b) through (d) of Section 8.1.5 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all of the outstanding principal amount of the Loan and other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan and other Obligations shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.

  • Default or Event of Default No Default or Event of Default hereunder has occurred or is continuing or will occur as a result of the giving effect hereto.

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