Common use of Events of Default by Company Clause in Contracts

Events of Default by Company. Any one or more of the following events (herein called an “Event of Default”, or collectively “Events of Default”) shall constitute an Event of Default by the Company: (a) if default shall be made in the due and punctual payment of any FILOT Payments, indemnification payments under Section 8.04, or Administration Expenses or any other amount payable hereunder, which default shall not have been cured within 30 days following receipt of written notice thereof from the County; or (b) if default shall be made by the Company in the due performance of or compliance with any of the terms hereof, including payment, other than those referred to in the foregoing paragraph (a), and such default shall continue for 90 days after the County shall have given the Company written notice of such default, the Company shall fail to proceed promptly to cure the same.

Events of Default by Company. Any one or more of the following events (herein called an “Event of Default”, or collectively “Events of Default”) shall constitute an Event of Default by the Company: (a) if default shall be made in the due and punctual payment of any FILOT Payments, indemnification payments under Section 8.048.04 hereof, or Administration Expenses or any other amount payable hereunder, which default shall not have been cured within 30 days following receipt of written notice thereof from the County; or (b) if default shall be made by the Company in the due performance of or compliance with any of the terms hereof, including payment, other than those referred to in the foregoing paragraph (a), and such default shall continue for 90 days after the County shall have given the Company written notice of such default, the Company shall fail to proceed promptly to cure the same.