Failure to comply with other obligations. If the Lessee fails to comply with any of its other obligations under this Lease any of the other Lease Documents, the Lessor may, without being in any way obliged to do so or responsible for so doing, and without prejudice to the ability of the Lessor to treat that non-compliance as a Termination Event, take such action as it may deem expedient or necessary in order to procure the compliance with such provisions.
Failure to comply with other obligations. Recipient fails to observe, perform, discharge or comply with any other covenant, agreement or obligation imposed on Recipient by this Grant Agreement or any other Grant Document, including requirements for mid-year and annual reporting, and such failure remains uncured 30 days after written notice thereof to Recipient.
Failure to comply with other obligations. Clause 14.1(iv) relates to the failure by Lessee to comply with any of its other duties under the Lease Agreement, a misrepresentation under Clause 15 (Representations and Warranties), or the loss of rights under a Consent (a “Consent” being any type of governmental authorisation to possess and operate the Engine). However, no Event of Default will occur if that failure, misrepresentation or loss of right: (i) does not have a “material adverse effect on the rights of Lessor and the value of the Engine Package” (emphasis added), or (ii) is capable of remedy, and is in fact remedied, within 15 days of the event occurring. It should be noted that there is no requirement for notice to be given in order to trigger an Event of Default; therefore, the 15-day cure period begins to run when the disqualifying event occurs, not when Lessor may demand rectification by written notice. This approach has been adopted on the basis that a materiality threshold has been applied and given the short term of the lease (six months or less), Lessee should not be excused from covenant compliance, misrepresentation, or Consent issues until such time as Lessor actually identifies default and issues a notice.
Failure to comply with other obligations. If the Borrower fails to comply with any of the obligations referred to in Section 8 above or any other obligation hereunder or under any of the Loan Documents, which does not constitute in itself an Event of Default under Sections 9.1 to 9.13 above, such failure shall constitute an Event of Default if not cured, to the satisfaction of the Administrative Agent, within ten (10) calendar days after such failure to comply occurred. No Event of Default will occur under this Section 9.14 if the Taxes in respect of which the undertaking in Section 8.1.6 is given do not individually or in the aggregate exceed an amount of US$5,000,000 (five million and 00/100 Dollars) as of any given date.
Failure to comply with other obligations. Grantee fails to observe, perform, discharge, or comply with any other covenant, agreement or obligation imposed on Grantee by this Grant Agreement or any other Grant Document, and such failure remains uncured 30 days after written notice thereof to Grantee.
Failure to comply with other obligations. Either Party fails to perform any other material covenant or obligation set forth in this Agreement if such failure is not remedied within 30 days of receipt of notice from the non-breaching Party, or such longer period not to exceed 90 days if the failure is not capable of being cured within such 30-day period with the exercise of reasonable diligence, so long as the breaching Party has commenced and is diligently pursuing a cure during such initial 30-day period.
Failure to comply with other obligations. If either party rails to comply with any of its other obligations under this Agreement that are not specifically identified as a Primary Event of Default.
Failure to comply with other obligations. The Issuer or any party to a Transaction Document (other than the Trustee) fails to comply with any of its obligations under this Deed or any other Transaction Documents to which it is a party or any other agreement between such Person and the Original Debentureholder (other than an obligation as set out in Clause 7.1(a) and Clause 7.1(c) to Clause 7.1(p)) and such failure continues for a period of 30 (thirty) days after the date on which the Trustee (acting in accordance with the Relevant Instructions) notifies the Issuer of that failure or the Issuer becomes aware of that failure, whichever is earlier.
Failure to comply with other obligations. If the Charterer fails to comply with any of its other obligations under this Charterparty or any of the other Relevant Documents, the Owner may, without being in any way obliged to do so or responsible for so doing, and without prejudice to the ability of the Owner to treat that non-compliance as a Termination Event, take such action as it may deem expedient or necessary in order to procure the compliance with such provisions.
Failure to comply with other obligations. If the Hirer fails to comply with any of its other obligations under this Agreement or any of the other Hirer's Documents, the Owner may, without being in any way obliged to do so or responsible for so doing, and without prejudice to the ability of the Owner to treat that non-compliance as a Termination Event, take such action as it may deem expedient or necessary in order to procure the compliance with such provisions.
