Events of Default by Licensee. Any of the following will constitute an event of default by Licensee under this Master License and any Pole Licenses issued under it:
Events of Default by Licensee. Licensee shall be in default under this Agreement if, after 10 calendar days written notice from the County, Licensee fails to remedy, or to commence remediation if the remedy cannot reasonably be completed within 10 days, any of the following occurrences:
14.3.1 Licensee's failure to comply with a material provision of this Agreement, including but not limited to a failure to pay any fee or other amount due under this Agreement within 10 business days after it is due, or any different period expressly provided by this Agreement or by applicable law; or
14.3.2 To the extent permitted by the United States Bankruptcy Code:
14.3.2.1 Licensee's insolvency;
14.3.2.2 An assignment by Licensee for the benefit of creditors;
14.3.2.3 Licensee's filing of a voluntary petition in bankruptcy;
14.3.2.4 An adjudication that Licensee is bankrupt;
14.3.2.5 The appointment of a receiver with respect to Licensee's property, and the receiver is not discharged within 30 calendar days;
14.3.2.6 The filing of an involuntary petition of bankruptcy and Licensee's failure to secure a dismissal of the petition within 30 calendar days after filing;
14.3.2.7 Attachment of or the levying of execution on any interest in this Agreement and Licensee's failure to secure discharge of the attachment or release of the levy of execution within 10 calendar days;
14.3.2.8 Licensee becomes a corporation in dissolution or voluntarily or involuntarily forfeits its corporate charter; or
14.3.3 Licensee's failure to comply with all applicable federal, state, and local laws and rules, including but not limited to County ordinances and reasonable rules established by the Airport Director, for more than 30 calendar days after Licensee's receipt of written notice of the failure, or a reasonable longer period if Licensee promptly undertakes and works diligently toward effecting a cure of the breach; or
14.3.4 Licensee's failure to timely commence operating a rental car concession in its Operating Area; or
14.3.5 Licensee's abandonment of rental car concession operations in all or any part of its Operating Area; or
14.3.6 The creation, maintenance, failure to correct or sufferance of a dangerous or hazardous condition on or emanating from its Operating Area; or
14.3.7 Failure to provide and maintain current, all required types and amounts of insurance and proof thereof; or
14.3.8 Loss or surrender by Licensee of its franchise rights under its national system license.
14.3.9 Making an assignment, conveyanc...
Events of Default by Licensee. For purposes of this Agreement, a failure to perform any covenant or condition of this Agreement or the PPA on the part of Licensee to be performed or a breach of a representation or warranty by Licensee hereunder or under the PPA shall be deemed an “Event of Default by Licensee” when not cured within the applicable grace period provided for in this Agreement or the PPA.
Events of Default by Licensee. Any of the following will constitute an event of default by Licensee under this Master License and any Pole Licenses issued under it: (1) Licensee fails to pay any sums due to the City within 10 days after notice from the City; (2) Licensee fails to perform or comply with any other obligation or representation made under this Master License, if the failure continues for 30 days after the date of notice from the City, or, if such default is not capable of cure within the 30-day period, Licensee fails to promptly undertake action to cure such default within such 30-day period and thereafter fails to use its best efforts to complete such cure within 60 days after the City’s notice; (3) Licensee removes its Equipment or abandons the License Area for a continuous period of more than 60 days, such that the License Area is longer being used for the Permitted Use; or
Events of Default by Licensee. The following shall, after the expiration of the applicable cure periods, constitute Events of Default by Licensee:
(i) if the broadcast of Brokered Programming on the Stations is preempted, suspended, cancelled or otherwise disrupted through actions of Licensee, other than pursuant to Sections 3(d), 4(a), or 6(a);
(ii) if Broker is prevented from exercising its rights pursuant to Section 3(b) to use the Studios, Sites or Broadcast Equipment;
(iii) the default by Licensee in the observance or performance of any covenant, condition or agreement contained herein;
(iv) if any material representation or warranty herein made by Licensee, or in any certificate or document furnished by Licensee to Broker pursuant to the provisions hereof, shall prove to have been false or misleading in any material respect as of the time made or furnished.
Events of Default by Licensee. Failure by Licensee to observe or comply with any covenant, agreement or obligation of Licensee contained in this Agreement or in the Management Agreement and the continuation of such failure for a period of thirty (30) days after written notice thereof from Licensor to Licensee specifying the nature of such failure shall constitute Licensee’s breach of and default under this Agreement (a “Licensee Default”); provided however, if the nature of the obligation is such that more than 30 days are required for its performance, Licensee shall not be deemed to be in default if it commences the cure within such 30 day period and thereafter diligently prosecutes the same to completion and completes the cure within no more than 90 days following written notice from Licensor.
Events of Default by Licensee. { TC “Events of Default by Licensee” \f C \l “2” }. Any of the following will be an event of default by Licensee under this Master License and any Pole Licenses issued under it:
18.1.1 Nonpayment of Fees{ TC “Nonpayment of Fees” \f C \l “3” }. Subject to Subsection 18.1.2 (Habitual Late Payer), Licensee fails to pay any License Fee or Additional Fees as and when due, if the failure continues for 10 days after the due date.
Events of Default by Licensee. Any of the following will constitute an event of default by Licensee under this Master License, if such failure is in relation to the Master License as a whole or any individual Site License(s) issued under it, if such failure is in connection solely with such Site License: (1) Licensee fails to pay any sums due to the City within thirty (30) days after notice from the City; (2) Licensee fails to perform or comply with any other obligation or representation made under this Master License or any Site License, if the failure continues for forty-five (45) days after the date of notice from the City, or, if such default is not capable of cure within the 45-day period, Licensee fails to commence to cure within such 45-day period and thereafter fails to diligently complete such cure within a commercially reasonable time period after the City’s notice; or (3) for a failure in connection solely with the applicable Site License, Licensee removes its Equipment or abandons the License Area for a continuous period of more than sixty (60) days, such that the License Area is no longer being used for the Permitted Use; or (4) any of the following occurs: (i) the appointment of a receiver due to Licensee’s insolvency to take possession of all or substantially all of the assets of Licensee; (ii) an assignment by Licensee for the benefit of creditors; or (iii) any action taken by or against Licensee under any insolvency, bankruptcy, reorganization, moratorium, or other debtor relief Laws, if any such receiver, assignment, or action is not released, discharged, dismissed, or vacated within sixty (60) days.
