General Default. In addition to those events of defaults provided elsewhere in this Lease, Lessor may immediately terminate this Lease by giving Lessee written notice of the immediate termination upon the happening of any of the following events:
13.1.1 The taking of possession for a period of twenty (20) or more days of all or substantially all of the property used on the Premises belonging to Lessee by or pursuant to lawful authority of any legislative act, resolution, rule, order or decree of any court or governmental board, agency, officer, receiver, trustee or liquidator.
13.1.2 The filing of any lien against the Premises because of any act or omission of Lessee that is not discharged or contested in good faith as determined by Lessor by proper legal proceedings within twenty (20) days’ receipt of notice by Lessee.
13.1.3 Unless otherwise provided in this Lease, the breach by, or the failure, or refusal of Lessee to observe or perform, any of the covenants, terms and conditions herein contained and on its part to be observed and performed, which is addressed below, and such failure shall continue for a period of more than twenty (20) days after delivery by Lessor of a written notice of such breach.
13.1.4 The voluntary abandonment by Lessee of its operations at the Phoenix Airport System for a period of one day or longer.
General Default. Lessee shall fail to perform or observe any other covenant, condition or agreement to be performed or observed by it hereunder or under any other Operative Agreement (except the Tax Indemnity Agreement), and such failure shall continue unremedied for a period of 30 days after written notice thereof to Lessee, unless Lessee shall be diligently proceeding to correct such failure and such failure is cured within 180 days after such notice or by the end of the Term, whichever first occurs; or
General Default. The Lessee fails to duly observe or perform any of its other obligations under this Lease and such failure shall not have been remedied within a period of ten (10) Business Days after delivery of written notice specifying the same from Lessor, including without limitation failure to maintain the Aircraft as required by this Lease or the Aviation Authority or failure to protect or preserve Lessor's title to the Aircraft and, if applicable, the Lien of any Lender thereon; or
General Default. Debtor shall fail to observe or perform any covenant, obligation, term or condition contained in the Securities Purchase Agreement, the Note, or this Agreement.
General Default. 49 14.4 Misrepresentation and Breach of Warranty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 14.5
General Default. Either Party may terminate this Agreement during the Term as provided in this paragraph if the other Party is in default by failing to comply with the obligations of this Agreement. The Party alleging the default will give the other Party notice of the default in writing. If the Party in default fails to cure the default within sixty (60) days of the date of the notice, then the Party giving the notice may terminate this Agreement by written notice to the other Party, specifying the date of termination. However, neither Party may be deemed to be in default of this Agreement if performance of this Agreement is delayed, disrupted, or becomes impossible because of any act of God, war, earthquake, fire, strike, accident, civil commotion, epidemic, act of government, its agencies or offices, or any other cause beyond the control of the Parties (the “force majeure”) during the Term, but only for so long as the event of force majeure reasonable prevents performance.
General Default. A Party shall be deemed in default of this Agreement upon the occurrence of any one or more of the following events (a "DEFAULT"):
(i) the filing of bankruptcy or making a general assignment for the benefit of creditors;
(ii) a Party fails to make a payment of money when due, which failure continues for more than 30 days after receipt of written notice from the other Party; or
(iii) a Party fails to comply with any other covenant or agreement set forth in this Agreement, which failure either (A) continues for a period of more than 30 consecutive days after receipt of written notice from the non-breaching Party specifying the breach in reasonable detail, or (B) is of a nature which requires more than 30 consecutive days (after receipt of written notice from the non-breaching Party specifying the breach in reasonable detail) to cure and continues for a period of time greater than the shorter of (x) 60 consecutive days after notice or (y) the period of time reasonably required to cure; provided, that this extended cure period is only available if the breaching Party diligently works toward a cure.
General Default. 38 13.7. Loss of Airline or Corporate Authority. ...................... 38 13.8. Other Obligations. ........................................... 38 13.9. Guarantor Default. ........................................... 38
General Default. 36 14.4 Misrepresentation and Breach of Warranty ................. 36 14.5
General Default. The breach of, or omission to observe, or default or delay by the Borrower and / or Guarantors in observing any of its, obligations, commits any breach of any of the terms, representations, warranties, convenience, covenants or undertakings or any term, condition, provision of this Agreement, Sanction Letter or of documents of any other facility availed by them from the Lender or its promoters/subsidiaries, assigns or any group company or associates.
