Escrow Default. 6.1.1 Following events shall constitute an event of default by the Concessionaire (an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the Authority or the Lenders’ Representative:
Escrow Default. 6.1 Following events shall constitute an event of default by the Implementation Agency (an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the Authority:
Escrow Default. Following events shall constitute an event of default by the Concessionaire (an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the Authority or the Lenders’ Representative: the Concessionaire commits breach of this Agreement by failing to deposit any receipts into the Escrow Account as provided herein and fails to cure such breach by depositing the same into the Escrow Account within a Cure Period of 5 (five) business days; the Concessionaire causes the Escrow Bank to transfer funds to any account of the Concessionaire in breach of the terms of this Agreement and fails to cure such breach by depositing the relevant funds into the Escrow Account or any Sub-Account in which such transfer should have been made, within a Cure Period of 5 (five) business days; or the Concessionaire commits or causes any other breach of the provisions of this Agreement and fails to cure the same within a Cure Period of 5 (five) business days. Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the Concession Agreement.
Escrow Default. The unexcused failure to submit any document or funds to the Escrow Agent as reasonably necessary to close the Escrow pursuant to the terms and conditions of this Agreement, after all other conditions precedent to the Close of Escrow for the benefit of such Party are satisfied or waived by such Party.
Escrow Default. 6.1.1 The following events shall constitute an event of default of by the Developer (an "Escrow Defau1t") unless such event of default has occurred as a result of a Force Majeure Event or any act or omission of Authority or the Lenders’ Representative:
Escrow Default. 6.1.1 Following events shall constitute an event of default by the Operator (an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the Authority: the Operator commits breach of this Agreement by failing to deposit any receipts into the Escrow Account as provided herein and fails to cure such breach by depositing the same into the Escrow Account within a Cure Period of 5 (five) business days; the Operator causes the Escrow Bank to transfer funds to any account of the Operator in breach of the terms of this Agreement and fails to cure such breach by depositing the relevant funds into the Escrow Account or any Sub-Account in which such transfer should have been made, within a Cure Period of 5 (five) business days; or the Operator commits or causes any other breach of the provisions of this Agreement and fails to cure the same within a Cure Period of 5 (five) business days.
Escrow Default. Each Escrow Default continuing for seven (7) days after Notice to the Party in Default describing the Escrow Default in reasonable detail;
Escrow Default. 6.1.1. Following events shall constitute an event of default by BBMP (an Escrow Default") unless such event of default has occurred as a result of Force Majeure or any act or omission of the Service Provider:
Escrow Default. 6.1.1 Following events shall constitute an event of default by the Operator (an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the Authority or the Senior Lenders' Representative: the Operator commits breach of this Agreement by failing to deposit /cause the deposit of any receipts into the Escrow Account; the Operator causes the Escrow Bank to transfer funds to any account of the Operator in breach of the terms of this Agreement; or the Operator commits or causes any other breach of the provisions of this Agreement.
