Events of Default Relating to Fees or Indemnification. In case the Company shall have failed to pay amounts required to be paid under Sections 4.04, 4.05 and 4.08, which event shall have continued for a period of ninety (90) days after the date on which written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Authority or the Trustee, the Authority or the Trustee may take whatever action at law or in equity as may appear necessary or desirable to enforce performance or observance of any obligations or agreements of the Company under said Sections 4.04, 4.05 and 4.08.
Appears in 2 contracts
Samples: Participation Agreement (Keyspan Corp), Participation Agreement (Keyspan Corp)
Events of Default Relating to Fees or Indemnification. In case the Company Corporation shall have failed to pay amounts required to be paid under Sections 4.04, 4.05 and 4.08, which event shall have continued for a period of ninety (90) days after the date on which written notice of such failure, requiring the Company Corporation to remedy the same, shall have been given to the Company Corporation by the Authority or the Trustee, the Authority or the Trustee may take whatever action at law or in equity as may appear necessary or desirable to enforce performance or observance of any obligations or agreements of the Company Corporation under said Sections 4.04, 4.05 and 4.08.
Appears in 1 contract
Samples: Participation Agreement (Niagara Mohawk Power Corp /Ny/)
Events of Default Relating to Fees or Indemnification. In case the Company Corporation shall have failed to pay amounts required to be paid under Sections 4.044.06, 4.05 4.08 and 4.084.111, which event shall have continued for a period of ninety (90) days after the date on which written notice of such failure, requiring the Company Corporation to remedy the same, shall have been given to the Company Corporation by the Authority or the Trustee, the Authority or the Trustee may take whatever action at law or in equity as may appear necessary or desirable to enforce performance or observance of any obligations or agreements of the Company Corporation under said Sections 4.044.06, 4.05 4.08 and 4.084.11.
Appears in 1 contract
Samples: Participation Agreement (Niagara Mohawk Power Corp /Ny/)