Events of Default Termination and Handback
Events of Default Termination and Handback Sample Clauses
Related to Events of Default Termination and Handback
Events of Default and Termination 13.1 If:
Events of Default Defined The following shall each constitute an "Event of Default" hereunder:
Termination and Default Either party, upon determination that the other party has failed or refused to perform or is otherwise in breach of any obligation or provision under this Agreement or the Contract Document, may give written notice of default to the defaulting party in the manner specified for the giving of notices herein. Termination of this Agreement by either party for any reason shall have no effect upon the rights or duties accruing to the parties prior to termination.
Events of Default by Either Party It shall constitute an event of default (“Event of Default”) by either Party hereunder if:
Events of Default Any of the following shall constitute an Event of Default:
Train Operator Events of Default The following are Train Operator Events of Default:
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:
Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:
Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.
