…ESCOM Default Sample Clauses

…ESCOM Default. The occurrence of any of the following at any time during the Term of this Agreement shall constitute an Event of Default by Corporation: a. Failure or refusal by...ESCOM to perform its financial and other material obligations under this Agreement. b. In the event of any payment default by the ...ESCOM for a continuous period of three months, the Company shall be permitted to sell Electricity to third parties by entering into a wheeling & banking Agreement with the …ESCOM for which it shall pay transmission and other charges to the ESCOM at the rates applicable from time to time and as approved by the Commission …ESCOM Default: Failure or refusal by...ESCOM to pay two consecutive monthly tariff or to perform its financial and other material obligations under this Agreement.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
…ESCOM Default. The occurrence of any of the following at any time during the Term of this Agreement shall constitute an Event of Default by Corporation:
Sample 1
…ESCOM Default. Upon the occurrence of an event of default as set out in sub-clause 9.2.2 above, the Company may deliver a Default Notice to the ...ESCOM in writing which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the ESCOM to remedy the same within such reasonable time not less than thirty days as may be specified in the notice. At the expiry of the time specified in the default notice, from the date of delivery of default notice and unless the Parties have agreed otherwise, or the Event of Default giving rise to the Default Notice has been remedied, the Company may terminate this Agreement by delivering a Termination Notice to...ESCOM and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and the Company shall stand discharged of its obligations. Where a Default Notice has been issued with respect to an Event of Default, which requires the co-operation of both the Company and …ESCOM, to remedy, both the parties shall render all reasonable co-operations to enable the event of Default to be remedied.
Sample 1

Related to …ESCOM Default

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

  • Default H-GAC may, by written notice of default to the Contractor, terminate the whole or any part of the Agreement, in any one of the following circumstances:

  • Tenant Default (a) Any of the following occurrences or acts shall constitute an “Event of Default” (herein so called) under this Lease: if (i) Tenant shall fail to pay any scheduled installment of Fixed Rent or Additional Rent when due and such failure shall continue uncured for a period of ten (10) days after Landlord notifies Tenant in writing of such failure (each an “Installment Default Notice”); or if, within a twelve (12) month period following delivery of not less than two (2) Installment Default Notices by Landlord, Tenant shall fail to pay any scheduled installment of Fixed Rent or Additional Rent when due and such failure shall continue uncured for a period of five (5) days or (ii) Tenant shall default in the payment when due of any installment of Additional Rent payable hereunder and such default shall continue for ten (10) days after notice of such default is sent to Tenant by Landlord (or Lender); or (iii) the failure by Tenant to maintain insurance as required under this Lease; or (iv) Tenant shall default in fulfilling any of the other covenants, agreements or obligations of this Lease, and such default shall continue for more than thirty (30) days after written notice thereof from Landlord (or Lender) specifying such default, provided, that if Tenant has commenced to cure a default described in subparagraph (iv) above within said thirty (30) days, and thereafter is in good faith diligently prosecuting same to completion and such default is of a nature such that it cannot be cured within such thirty (30) day period, said thirty (30) day period shall be extended, for a reasonable time (not to exceed an additional ninety (90) days) or, with respect to a breach of Tenant’s obligations under Section 40 of this Part II, such longer period as may reasonably be necessary to cure such default so long as (A) Tenant delivers to Landlord a certificate of a qualified environmental remediation specialist that such default could not be cured within such one hundred eighty (180) days but is curable, and (B) Tenant is in good faith diligently prosecuting such cure to completion) where, due to the nature of a default, it is unable to be completely cured within thirty (30) days; or (v) any execution or attachment shall be issued against Tenant or any of its property whereby the Premises shall be taken or occupied or attempted to be taken or occupied by someone other than Tenant, and the same shall not be bonded, dismissed, or discharged as promptly as possible under the circumstances; or (vi) Tenant or Guarantor (A) shall make any assignment or other similar act for the benefit of creditors, (B) shall file a petition or take any other action seeking relief under any state or federal insolvency or bankruptcy Laws, or (C) shall have an involuntary petition or any other action filed against either of them under any state or federal insolvency or bankruptcy Laws which petition or other action is not vacated or dismissed within sixty (60) days after the commencement thereof; or (vii) the estate or interest of Tenant in the Premises shall be levied upon or attached in any proceeding and such estate or interest is about to be sold or transferred and such process shall not be vacated or discharged within sixty (60) days after such levy or attachment; or (viii) the Guarantor’s guaranty of Tenant’s obligations under this Lease is terminated for any reason, or the Guarantor asserts in any pleading or judicial or administrative proceeding that such guaranty is void or unenforceable or that Guarantor is not liable thereunder; or (ix) any material representation or warranty made by Tenant or Guarantor to Landlord or the Lender herein or in any document delivered pursuant to this Lease is misleading or false in material respect when made, or (x) a default beyond applicable notice and cure periods shall occur in the fulfillment of any of the covenants, agreements or obligations of the tenant under any of the Related Leases and the premises demised thereby are then owned by the entity that is Landlord on the Lease Commencement Date or by one of its Affiliates.

  • 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:

  • Customer Default The occurrence at any time of any of the following events shall constitute a “Customer Default”:

  • Monetary Default If a Monetary Default occurs and continues for 10 Business Days after Notice from Landlord, specifying in reasonable detail the amount of money not paid and the nature and calculation of each such payment.

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

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

  • Owner Default Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.

  • Contractor Default Failure of the Contractor, which has neither been remedied nor waived, to perform or otherwise to comply with the terms of the Construction Contract.

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