Common use of Events of Default by Licensee Clause in Contracts

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, conveyance or transfer of Licensee’s rights and obligations hereunder without the consent of County; or 14.3.10 Failure to comply with any other obligation under this License and Use Agreement.

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 14.3.3 Licensee becomes a corporation in dissolution or voluntarily or involuntarily forfeits its corporate charter; or 14.3.3 or 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 insuranceand 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, conveyance or transfer of Licensee’s rights and obligations hereunder without the consent of County; or 14.3.10 Failure to comply with any other obligation under this License and Use Agreement.