Developer’s Event of Default Sample Clauses

Developer’s Event of Default. The occurrence of any of the following (each, a “Developer Event of Default”) shall constitute a default by Developer after City gives notice of the default specifying in reasonable detail the basis for the determination of the default and after the expiration of the applicable cure period, if any:
Sample 1
AutoNDA by SimpleDocs
Developer’s Event of Default. The occurrence of any of the following (each, a “Developer Event of Default”) shall constitute a default by Developer after the Successor Agency gives the notice of the default stated below for each Event of Default specifying in reasonable detail the basis for the determination of the default and after the expiration of the applicable cure period specified for each Event of Default, if any (notwithstanding any notice and cure provisions described below, nothing herein shall operate to extend the Term beyond the period specified in Section 2.A above):
Sample 1
Developer’s Event of Default. 14.2.1. The Developer’s Event of Default means any of the following events unless such an event has occurred as a consequence of the SJDA’s Event of Default or a Force Majeure Event, which shall provide the SJDA the right to terminate this Agreement in accordance terms of this Agreement :
Sample 1
Developer’s Event of Default. Upon Termination by SJLDA on account of occurrence of a Developer’s Event of Default any time during the Term, no termination payment shall be payable to the Developer by SJDA and all the rights through this Agreement shall be terminated. Upon termination by SJDA on account of occurrence of the Developer’s Event of Default, SJDA shall retain the Annual Concession Fee, so received in cash or in the form of bank guarantee till the date of Termination, and Performance Security, if applicable, given by the Developer as per the provision of this Agreement.
Sample 1
Developer’s Event of Default. In addition to Terminating Events giving rise to Termination under Article 8 (Termination), the occurrence of any of the following will constitute a default by Developer under this Agreement after the expiration of the applicable cure period, if any (each, an “Event of Default”):
Sample 1
Developer’s Event of Default. In addition to Terminating Events giving rise to Termination under Article 8 (Termination), the occurrence of any of the following will constitute a default by Developer under this Agreement after the expiration of the applicable cure period, if any (each, an “Event of Default”): Developer fails to pay any sum (including the Negotiating Fee, Extension Fees, and replenishing the City Costs Deposit) when due under this Agreement, unless such failure to pay is cured within five (5) days after City’s notice to Developer; or Developer fails to comply with any other provision of this Agreement, if not cured within thirty (30) days after City’s notice to Developer describing the default and specifying the manner in which it may be cured, but if the default cannot be cured within the 30‑day cure period, Developer will not be in default of this Agreement if Developer commences to cure the default within the 30‑day cure period and diligently and in good faith prosecutes the cure to completion, provided that the default is cured within sixty (60) days after City’s notice to Developer; or A voluntary or involuntary action is filed: (i) to have Developer adjudicated insolvent and unable to pay its debts as they mature or a petition for reorganization, arrangement, or liquidation under any bankruptcy or insolvency law, or a general assignment by Developer for the benefit of creditors; or (ii) seeking Developer’s reorganization, arrangement, liquidation, or other relief under any law relating to bankruptcy, insolvency, or reorganization or seeking appointment of a trustee, receiver, or liquidator of Developer or any substantial part of Developer’s assets; or Any of the events described in Subsection (c) occurs with respect to any of Developer’s members with a Controlling interest in Developer.
Sample 1

Related to Developer’s Event of Default

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Authority Event of Default Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default:

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

  • Developer Default Each of the following shall be an Event of Default by Developer:

  • EVENT OF DEFAULT/REMEDIES 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Effect of Event of Default If any Event of Default described in Section 13.1.4 shall occur in respect of the Company, the Commitments shall immediately terminate and the Loans and all other Obligations hereunder shall become immediately due and payable and the Company shall become immediately obligated to Cash Collateralize all Letters of Credit, all without presentment, demand, protest or notice of any kind; and, if any other Event of Default shall occur and be continuing, the Administrative Agent may (and, upon the written request of the Required Lenders shall) declare the Commitments to be terminated in whole or in part and/or declare all or any part of the Loans and all other Obligations hereunder to be due and payable and/or demand that the Company immediately Cash Collateralize all or any Letters of Credit, whereupon the Commitments shall immediately terminate (or be reduced, as applicable) and/or the Loans and other Obligations hereunder shall become immediately due and payable (in whole or in part, as applicable) and/or the Company shall immediately become obligated to Cash Collateralize the Letters of Credit (all or any, as applicable), all without presentment, demand, protest or notice of any kind. The Administrative Agent shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. Any cash collateral delivered hereunder shall be held by the Administrative Agent (without liability for interest thereon) and applied to the Obligations arising in connection with any drawing under a Letter of Credit. After the expiration or termination of all Letters of Credit, such cash collateral shall be applied by the Administrative Agent to any remaining Obligations hereunder and any excess shall be delivered to the Company or as a court of competent jurisdiction may elect.

  • Train Operator Events of Default The following are Train Operator Events of Default:

Time is Money Join Law Insider Premium to draft better contracts faster.