Event of Default Corrective Action and Termination for Default Sample Clauses

Event of Default Corrective Action and Termination for Default. Events of Default. It will constitute an Event of Default if, in the opinion of MHO, the Service Manager breaches any representation, warranty, covenant or other material term of this Agreement, including failing to do any of the following in accordance with the terms and conditions of the Agreement: (a) administer and deliver the Program in accordance with this Agreement; (b) comply with its obligations set out in Schedule “C”; (c) use or spend Funds only as authorized herein; or (d) provide, in accordance with section 6.1, Reports or such other reports as may have been requested pursuant to section 6.1(b).
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Event of Default Corrective Action and Termination for Default. 12.1 Each of the following events shall constitute an Event of Default: (a) in the opinion of the Minister, the Service Manager breaches any representation, warranty, covenant or other material term of the Agreement, including failing to do any of the following in accordance with the terms and conditions of the Agreement: (i) submit an Investment Plan as required; (ii) carry out the CHPI Service Categories in a manner consistent with its approved Investment Plan, as updated from time to time; (iii) deliver services under the CHPI Service Categories that address program outcomes; (iv) collect data as required; (v) provide reports as required; (vi) use or spend the Funding as required; (b) an event of Force Majeure that continues for a period of sixty (60) days or more. 12.2 If an Event of Default occurs, the Minister may, at any time, take one or more of the following actions: (a) provide the Service Manager an opportunity to remedy the Event of Default; (b) suspend the payment of Funding for such period as the Minister determines appropriate; (c) reduce the amount of Funding; (d) reallocate Funding; (e) cancel all further Funding; (f) demand the repayment of any Funding; (g) terminate the Agreement, upon giving Notice to the Service Manager. 12.3 If, in accordance with Section 12.2(a), the Minister provides the Service Manager with an opportunity to remedy the Event of Default, the Minister shall provide Notice to the Service Manager of:
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Event of Default Corrective Action and Termination for Default. 11.1 It will constitute an Event of Default if, in the opinion of MHO, the Service Manager breaches any representation, warranty, covenant or other material term of the Agreement, including failing to do any of the following in accordance with the terms and conditions of the Agreement: (i) carry out the Pilot; (ii) comply with any term of Schedule A; (iii) use or spend Funds as required; or (iv) provide reports as required under the Agreement or as may be requested by MHO. 11.2 If an Event of Default occurs, MHO may, at any time, take one or more of the following actions: (a) initiate any action MHO considers necessary in order to facilitate the successful continuation or completion of the Pilot; (b) provide the Service Manager with an opportunity to remedy the Event of Default; (c) suspend the payment of Funds for such period as MHO determines appropriate; (d) reduce the amount of the Funds; (e) cancel all further instalments of Funds; (f) demand the repayment of any Funds remaining in the possession or under the control of the Service Manager; (g) demand the repayment of an amount equal to any Funds the Service Manager used, but did not use in accordance with the Agreement; (h) demand the repayment of an amount equal to any Funds MHO provided to the Service Manager; and (i) terminate the Agreement at any time, including immediately, without liability, penalty or costs to MHO upon giving notice to the Service Manager. 11.3 If, in accordance with section 11.2(b), MHO provides the Service Manager with an opportunity to remedy the Event of Default, MHO will provide notice to the Service Manager of: (a) the particulars of the Event of Default; and (b) the notice period. 11.4 If MHO has provided the Service Manager with an opportunity to remedy the Event of Default pursuant to section 11.2(b), and: (a) the Service Manager does not remedy the Event of Default within the notice period; (b) it becomes apparent to MHO that the Service Manager cannot completely remedy the Event of Default within the notice period; or (c) the Service Manager is not proceeding to remedy the Event of Default in a way that is satisfactory to MHO, MHO may extend the notice period, or initiate any one or more of the actions provided for in sections 11.2(a), (c), (d), (e), (f), (g), (h) and (i). 11.5 Termination under this Article will take effect as set out in the notice. 11.6 The Service Manager shall comply with a demand referred to in clauses 11.2(g) and (h) irrespective of whether it...
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Event of Default Corrective Action and Termination for Default. 14.1 Events of Default. Each of the following events shall constitute an “Event of Default”: (a) in the opinion of the Province, the Recipient breaches any representation warranty, covenant or other material term of the Agreement, including failing to do any of the following in accordance with the terms and conditions of the Agreement: (i) carry out the Project; (ii) use or spend Funds; and/or (iii) provide in accordance with section 7.1, Reports or such other reports as may have been requested pursuant to section 7.1(b); (b) the Recipient’s operations, or its organizational structure, changes so that it no longer meets one or more of the applicable eligibility requirements of the program under which the Province provides the Funds; (c) the Recipient makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (d) the Recipient ceases to operate; and (e) an event of Force Majeure that continues for a period of 60 days or more.
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Event of Default Corrective Action and Termination for Default. 16.1. Each of the following events shall be considered an “Event of Default”: (i) in the opinion of the City, the Recipient has knowingly provided false or misleading information regarding its request for the Grant or in any other communication with the City, including in any report; (ii) the Recipient stops working on the Project for a significant period of time; (iii) in the opinion of the City, the Recipient breaches any material requirement of the Agreement, including failing to carry out the Project, the use of the Grant, or provide requested reports in accordance with the terms and conditions of the Agreement; (iv) in the opinion of the City, the Recipient shall not in the course of carrying out the Project commit any act or do anything which might reasonably be considered to injure, tarnish, damage, or otherwise negatively affect the reputation and goodwill associated with the City; (v) the nature of the Recipient’s operations, or its corporate status, changes so that it no longer meets one or more of the applicable eligibility requirements of the Circular Food Innovators Fund under which the City provides the Grant; (vi) the Recipient makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (vii) the Recipient ceases to operate, is dissolved, or dissolves; (viii) the Recipient merges or amalgamates with any other organization without the City’s prior written consent; (ix) the Recipient fails to secure and/or provide the additional funding and/or in-kind service required to deliver the Project outlined in Schedule A (Project Description), Schedule B (Project Plan), and Schedule C (Project Budget); or (x) the Recipient breaches any federal or provincial laws or regulations, or any municipal by-laws. 16.2. If an Event of Default occurs, the City may, at any time, take one or more of the following actions: (i) initiate any action the City considers necessary in order to facilitate the successful continuation or completion of the Project; (ii) suspend the payment of the Grant for such period as the City determines appropriate; (iii) reduce the amount of the Grant; (iv) cancel all further installments of the Grant; (v) demand the repayment of any of the Grant funds; and (vi) terminate the Agreement immediately upon giving written notice to the Recipient. 16.3. In addition to its rights provided for in Section 16.2, the City may provide the Recipie...
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Event of Default Corrective Action and Termination for Default 
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Related to Event of Default Corrective Action and Termination for Default

  • Termination for Default The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: (a) has breached this Agreement; or (b) has provided false or misleading statements in their application for the Grant; or (c) has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

  • Events of Default and Termination Events The following Events of Default and Termination Events shall apply to Party A and Party B as set forth below:

  • Termination for Default; Remedies 8.2.1 Each of the following shall constitute an immediate event of default (“Event of Default”) under this Agreement: (a) Contractor fails or refuses to perform or observe any term, covenant or condition contained in any of the following Sections of this Agreement:

  • Actions following an Event of Default On, or at any time after, the occurrence and during the continuation of an Event of Default: (a) the Agent may, and if so instructed by the Majority Lenders, the Agent shall: (i) serve on the Borrowers a notice stating that all or part of the Commitments and of the other obligations of each Lender to the Borrowers under this Agreement are cancelled; and/or (ii) serve on the Borrowers a notice stating that all or part of the Loan together with accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii), the Agent and/or the Lenders are entitled to take under any Finance Document or any applicable law; and/or (b) the Security Trustee may, and if so instructed by the Agent, acting with the authorisation of the Majority Lenders, the Security Trustee shall take any action which, as a result of the Event of Default or any notice served under paragraph (a)(i) or (a)(ii), the Security Trustee, the Agent and/or the Lenders and/or the Swap Counterparties are entitled to take under any Finance Document or any applicable law.

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Events of Default and Termination 9.1 Supplier Event of Default or Solar Pumpset Supplier Event of Default: 9.1.1 The occurrence and continuation of any of the following events, unless any such event occurs as a result of a Force Majeure event or a breach by DISCOM of its obligations under this Agreement, shall constitute a Supplier Event of Default (“Supplier Event of Default/Solar Pumpset Supplier Event of Default”): (i) the Solar Pumpset Supplier transfers or novates any of its rights and/ or obligations under this Agreement, in a manner contrary to the provisions of this Agreement; except where such transfer:  is in pursuance of a law; and does not affect the ability of the transferee to perform, and such transferee has the financial capability to perform, its obligations under this Agreement or  is to a transferee who assumes such obligations under this Agreement and the Agreement remains effective with respect to the transferee; (ii) the Solar Pumpset Supplier becomes voluntarily or involuntarily the subject of any bankruptcy or insolvency or winding up proceedings and such proceedings remain uncontested for a period of thirty (30) days, or Any winding up or bankruptcy or insolvency order is passed against the Solar Pumpset Supplier, or the Solar Pumpset Supplier goes into liquidation or dissolution or has a receiver or any similar officer appointed over all or substantially all of its assets or official liquidator is appointed to manage its affairs, pursuant to law, Provided that a dissolution or liquidation of the Solar Pumpset Supplier will not be a Solar Pumpset Supplier Event of Default if such dissolution or liquidation is for the purpose of a merger, consolidation or reorganization and where the resulting company retains creditworthiness similar to the Solar Pumpset Supplier and expressly assumes all obligations of the Solar Pumpset Supplier under this Agreement and is in a position to perform them; or (iii) the Solar Pumpset Supplier repudiates this Agreement and does not rectify such breach within a period of thirty (30) days from a notice from DISCOM/NREDCAP in this regard; or (iv) except where due to any DISCOM’s failure to comply with its material obligations, the Solar Pumpset Supplier is in breach of any of its material obligations pursuant to this Agreement, and such material breach is not rectified by the Solar Pumpset Supplier within thirty (30) days of receipt of first notice in this regard given by DISCOM/NREDCAP; or (v) the Solar Pumpset Supplier repeatedly delays the commissioning of the Solar Pumpset Systems beyond the timelines or such extended timelines as specified in this Agreement (vi) Occurrence of any other event which is specified in this Agreement to be a material breach/default of the Solar Pumpset Supplier.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Erroneous Termination for Default If, after notice of termination of Vendor’s right to proceed under the provisions of this clause, it is determined for any reason that the contract was not in default, or that the delay was excusable under the provisions of the prior paragraph (Excuse for Nonperformance or Delayed Performance), the rights and obligations of the parties shall be the same as if the notice of termination had been one of termination for convenience.

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • Default and Termination (a) In the event that either Party (the “Non-defaulting Party”) determines that the other Party (the “Defaulting Party”) is in breach of any term or condition of this Agreement, unless the breach is a Substantial Breach, the Non- defaulting Party shall give the Defaulting Party fourteen (14) days from the day of written notification of the breach for the Defaulting Party to remedy the breach or if the breach cannot reasonably be cured within such period, provided the Defaulting Party proceeds to diligently remedy the default, such additional period of time as is reasonably required to remedy the breach, as determined by the Non-defaulting Party, acting reasonably. (b) In the event that: (i) the Non-defaulting Party determines that the Defaulting Party is in breach pursuant to Section 3.3(a); (ii) the breach was not a Substantial Breach at the time such breach occurred; and (iii) the Defaulting Party disputes the determination of the breach made by the Non-defaulting Party, the provisions of Schedule H shall apply with respect to the dispute. (c) In the event of a Substantial Breach, the Non-defaulting Party shall, without limiting any other rights it may have in law or equity, have the right to terminate this Agreement without cost, penalty, or process of law with a minimum of forty-eight (48) hours prior written notice to the Defaulting Party. (d) If the Service Provider materially defaults in the observation or performance of any term or condition of this Agreement, and fails to remedy such default within the period provided for herein, AHS shall be entitled, but not obligated, to take such steps as may be available or desirable to remedy such default, and all costs of AHS in that regard shall be paid by the Service Provider to AHS on demand. (e) The rights and remedies of the Parties as set forth in this Agreement are cumulative and shall in no way be deemed to limit any of the other provisions of this Agreement or otherwise to deny the Parties any other remedy at law or in equity which the Parties may have under any law in effect at the date hereof or which may hereinafter be enacted or become effective, it being the intent hereof that such rights and remedies of the Parties shall supplement or be in addition to or in aid of the other provisions of this Agreement and of any right or remedy at law or in equity which the Parties may possess.

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