Common use of Events of Default by Company Clause in Contracts

Events of Default by Company. The following events will be deemed events of default by Company: A. The failure or omission by Company to perform its obligations under this Agreement or the breach of any term, condition or covenant required herein. B. The conduct of any business or performance of any acts at the Airport not specifically authorized in this Agreement or by any other agreement between Authority and Company, and Company’s failure to discontinue that business or those acts within 30 days of receipt by Company of Authority’s written notice to cease said business or acts. C. The appointment of a Trustee, custodian, or receiver of all or a substantial portion of Company’s assets. D. The divestiture of Company’s estate herein by operation of law, by dissolution, or by liquidation (not including a merger or sale of assets). E. The insolvency of Company; or if Company will take the benefit of any present or future insolvency statute, will make a general assignment for the benefit of creditors, or will seek a reorganization or the readjustment of its indebtedness under any law or statute of the United States or of any state thereof including the filing by Company of a voluntary petition of bankruptcy or the institution of proceedings against Company for the adjudication of Company as bankrupt pursuant thereto. F. Company’s violation of Florida Statute Section 287.133 concerning criminal activity on contracts with public entities.

Events of Default by Company. The following events will be deemed events of default by Company: A. The failure or omission by Company to perform its obligations under this Agreement or the breach of any term, condition or covenant required herein. B. The conduct of any business or performance of any acts at the Airport not specifically authorized in this Agreement or by any other agreement between Authority and Company, and Company’s failure to discontinue that business or those acts within 30 days of receipt by Company of Authority’s written notice to cease xxxxx said business or acts. C. The appointment of a Trustee, custodian, or receiver of all or a substantial portion of Company’s assets. D. The divestiture of Company’s estate herein by operation of law, by dissolution, or by liquidation (not including a merger or sale of assets). E. The insolvency of Company; or if Company will take the benefit of any present or future insolvency statute, will make a general assignment for the benefit of creditors, or will seek a reorganization or the readjustment of its indebtedness under any law or statute of the United States or of any state thereof including the filing by Company of a voluntary petition of bankruptcy or the institution of proceedings against Company for the adjudication of Company as bankrupt pursuant thereto. F. Company’s violation of Florida Statute Section 287.133 concerning criminal activity on contracts with public entities.

Events of Default by Company. The following events will be deemed events of default by Company: A. The failure or omission by Company to perform its obligations under this Agreement or the breach of any term, condition or covenant required herein. B. The conduct of any business or performance of any acts at the Airport not specifically authorized in this Agreement or by any other agreement between Authority and Company, and Company’s failure to discontinue that business or those acts within 30 days of receipt by Company of Authority’s written notice to cease xxxxx said business or acts. C. The appointment of a Trusteetrustee, custodian, or receiver of all or a substantial portion of Company’s assets. D. The divestiture of Company’s estate herein by operation of law, by dissolution, or by liquidation (not including a merger or sale of assets). E. The insolvency of Company; or if Company will take the benefit of any present or future insolvency statute, will make a general assignment for the benefit of creditors, or will seek a reorganization or the readjustment of its indebtedness under any law or statute of the United States or of any state thereof including the filing by Company of a voluntary petition of bankruptcy or the institution of proceedings against Company for the adjudication of Company as bankrupt pursuant thereto. F. Company’s violation of Florida Statute Section 287.133 concerning criminal activity on contracts with public entities.

Events of Default by Company. The following events will be deemed events of default by Company: A. The failure or omission by Company to perform its obligations under this Agreement or the breach of any term, condition or covenant required herein. B. The conduct of any business or performance of any acts at the Airport not specifically authorized in this Agreement or by any other agreement between Authority and Company, and Company’s failure to discontinue that business or those acts within 30 days of receipt by Company of Authority’s written notice to cease xxxxx said business or acts. C. The appointment of a Trustee, custodian, or receiver of all or a substantial portion of Company’s assets. D. The divestiture of Company’s estate herein by operation of law, by dissolution, or by liquidation (not including a merger or sale of assets).. SAMPLE E. The insolvency of Company; or if Company will take the benefit of any present or future insolvency statute, will make a general assignment for the benefit of creditors, or will seek a reorganization or the readjustment of its indebtedness under any law or statute of the United States or of any state thereof including the filing by Company of a voluntary petition of bankruptcy or the institution of proceedings against Company for the adjudication of Company as bankrupt pursuant thereto. F. Company’s violation of Florida Statute Section 287.133 concerning criminal activity on contracts with public entities.