Common use of Escrow Default Clause in Contracts

Escrow Default. 5.1 Following events shall constitute an event of default by the Contractor (an“Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the Government: (a) the Contractor 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; (b) the Contractor causes the Escrow Bank to transfer funds to any account of the Contractor in breach of the terms of this Agreement and fails to cure such breach by depositing the relevant funds into the Escrow Account in which such transfer should have been made, within a Cure Period of 5 (five) Business Days; or (c) the Contractor 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. 5.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the Contract.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders’ Representative: (a) the Contractor 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 Daysbusiness days; (b) the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) the Contractor 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 Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the Government: (a) Authority or the Contractor 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; (b) business days; the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) or the Contractor 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. 5.2 business days. Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 6.1.1. Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders’ Representative: (a) a. the Contractor 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 Daysbusiness days; (b) b. the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) c. the Contractor 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 Daysbusiness days. 5.2 6.1.2. Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders’ Representative: (a) the Contractor 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 Daysbusiness days; (b) the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) the Contractor 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 Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Operator (an“Escrow an "Escrow Default”") unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentDTTDC or the Lenders' Representative: (a) the Contractor Operator commits breach of this Escrow 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 Daysbusiness days; (b) the Contractor Operator causes the Escrow Bank to transfer funds to any account of the Contractor Operator in breach of the terms of this Escrow 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 Daysbusiness days; or (c) the Contractor Operator commits or causes any other breach of the provisions of this Escrow Agreement and fails to cure the same within a Cure Period of 5 (five) Business Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractAgreement.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Operator (an“Escrow an "Escrow Default”") unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders' Representative: (a) the Contractor Operator commits breach of this Escrow 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 Daysbusiness days; (b) the Contractor Operator causes the Escrow Bank to transfer funds to any account of the Contractor Operator in breach of the terms of this Escrow 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 Daysbusiness days; or (c) the Contractor Operator commits or causes any other breach of the provisions of this Escrow Agreement and fails to cure the same within a Cure Period of 5 (five) Business Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractAgreement.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentConcessioning Authority or the Lenders’ Representative: (a) the Contractor 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 Daysbusiness days; (b) the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) the Contractor 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 Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders‟ Representative: (a) the Contractor 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 Daysbusiness days; (b) the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) the Contractor 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 Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders’ Representative: (a) the Contractor 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 Daysbusiness days; (b) the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) the Contractor 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 Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 i. Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders’ Representative: (a) a. the Contractor 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 Daysbusiness days; (b) b. the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) c. the Contractor 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 Daysbusiness days. 5.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the Contract.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Concessionaire (an“Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders’ Representative: (a) the Contractor 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 Daysbusiness days; (b) the Contractor Concessionaire causes the Escrow Bank to transfer funds to any account of the Contractor 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 Daysbusiness days; or (c) the Contractor 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 Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractConcession Agreement.

Escrow Default. 5.1 Request For Proposal - Section IIIA: List of Appendices to DLA March 2023 6.1.1 Following events shall constitute an event of default by the Contractor Licensee (an“Escrow an “Escrow Default”) unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentAuthority or the Lenders’ Representative: (a) the Contractor Licensee 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 Daysbusiness days; (b) the Contractor Licensee causes the Escrow Bank to transfer funds to any account of the Contractor Licensee 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 Daysbusiness days; or (c) the Contractor Licensee 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 Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractLicense Agreement.

Escrow Default. 5.1 6.1.1 Following events shall constitute an event of default by the Contractor Operator (an“Escrow an "Escrow Default”") unless such event of default has occurred as a result of Force Majeure or any act or omission of the GovernmentTemple office: (a) the Contractor Operator commits breach of this Escrow 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 Daysbusiness days; (b) the Contractor Operator causes the Escrow Bank to transfer funds to any account of the Contractor Operator in breach of the terms of this Escrow 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 Daysbusiness days; or (c) the Contractor Operator commits or causes any other breach of the provisions of this Escrow Agreement and fails to cure the same within a Cure Period of 5 (five) Business Daysbusiness days. 5.2 6.1.2 Upon occurrence of an Escrow Default, the consequences thereof shall be dealt with under and in accordance with the provisions of the ContractAgreement.