Common use of Developer Default Clause in Contracts

Developer Default. Each of the following events shall be an “Event of Default” by the Developer under this Agreement: (a) The Developer shall fail to pay to the City any monetary sum hereby required of it as and when the same shall become due and payable and shall not cure such default within thirty

Developer Default. Each of the following events shall be an “Event of Default” by the Developer under this Agreement, once the applicable time to cure, if any, as expired: (a) The Developer shall fail to pay to the City any monetary sum hereby required of it as and when the same shall become due and payable and shall not cure such default within thirty