Events of Default – Security Deposit Required Sample Clauses

Events of Default – Security Deposit Required. If, at any time during the Term of this Agreement, Airline shall commit an Event of Default under Section 20.1 that is not fully cured in accordance with the applicable provisions of Section 20.1, then the Port shall have the right to immediately impose or reimpose the Security Deposit requirements of Section 19.1, and shall provide Airline with notice thereof. In such event, Airline shall provide the Port with the required Security Deposit no later than ten (10) calendar days after receipt of the Port’s notice imposing the Security Deposit requirement. Airline shall maintain such Security Deposit for the remainder of the Term of this Agreement. The Port’s rights under this Section shall be in addition to all other rights and remedies provided to the Port under this Agreement or otherwise provided by law.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs

Related to Events of Default – Security Deposit Required

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Events of Default Any of the following shall constitute an Event of Default:

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

  • Events of Default by Seller In addition to the Events of Default described in Section 9.1, each of the following shall constitute an Event of Default by Seller hereunder:

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Events of Default and Remedies Section 8.01

  • Default and Consequences of Default 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Supplier’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Train Operator Events of Default The following are Train Operator Events of Default:

  • EVENTS OF DEFAULTS AND CONSEQUENCES 9.1 Subject to the Force Majeure clause, the Promoter shall be considered under a condition of Default, in the following events:

  • Events of Default by Either Party It shall constitute an event of default (“Event of Default”) by either Party hereunder if:

Time is Money Join Law Insider Premium to draft better contracts faster.