GRANTEE’s Default Sample Clauses

GRANTEE’s Default. Without prejudice to any other remedies available to GRANTOR under this Agreement, by applicable law or otherwise, in the event that, after GRANTEE shall have delivered a Call Notice to GRANTOR, GRANTEE shall fail to pay for the Share specified in such Call Notice as provided in this Agreement, GRANTOR shall be discharged from any obligations to transfer the Share to GRANTEE and GRANTOR shall be free to transfer any such unpurchased and unpaid Share to any person or persons willing to purchase such unpurchased and unpaid Share, without affecting any rights GRANTOR may have against GRANTEE for the failure to pay for the Share specified in that Call Notice. GRANTEE shall be required to compensate GRANTOR to the extent that any payment received by GRANTOR from a purchaser or purchasers in respect of the Share is less than that set out in the relevant Call Notice.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
GRANTEE’s Default. If the Grantee fails to render statements or to make payment of Royalties as herein provided, the Grantor may on 30 days’ written notice to the Grantee terminate this Agreement and the right and license granted hereunder. If such default is not cured within such 30 days this Agreement shall thereafter terminate upon the date set in such notice without prejudice, however, to the royalties due to the Grantor hereunder If the Grantee shall abandon the exploitation of the Grantor’s Property by failing for a period of one calendar year to pay Grantor a minimum royalty of $0.00. The Grantor may on 30 days’ written notice to the Grantee terminate this Agreement and the right granted hereunder without prejudice, unless Grantee, during said 30-days period, pays Grantor the difference between the minimum Royalty amount and the Royalties actually paid. Any termination by Grantor hereunder shall be without prejudice to the Royalties due to the Grantor hereunder.
Sample 1
GRANTEE’s Default. GRANTEE’S failure to comply with any of the provisions of this Agreement shall constitute a default upon the occurrence of which the CHAMBER may, in its sole discretion, (i) withhold, temporarily or permanently, all, or any unpaid portion of the grant upon giving written notice to GRANTEE, and/or (ii) terminate this Agreement and demand a full refund of all funds advanced. Upon default the CHAMBER shall have no further obligations to GRANTEE under this Agreement.
Sample 1

Related to GRANTEE’s Default

  • DEFAULT; TERMINATION OF SERVICER 95 SECTION 7.01. Events of Default...........................................................95 SECTION 7.02. Trustee to Act; Appointment of Successor....................................97 SECTION 7.03. Notification to Certificateholders..........................................98

  • Termination by Default If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive shall not be affected.

  • 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.

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • Default; Breach A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or Rules and Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period:

  • Performance; No Event of Default The Borrower shall have performed and complied in all respects with all terms and conditions herein required to be performed or complied with by it prior to or at the time hereof, and there shall exist no Default or Event of Default.

  • Servicer Defaults; Termination of Servicer (a) Notwithstanding Section 4.1(a) of the Basic Servicing Agreement, the occurrence and continuation of any of the following shall constitute an Event of Default under the Servicing Agreement (each, a “Servicer Default”):

  • Repayment on Event of Default When there is an Event of Default, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances. The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, and any other Obligations.

  • Termination of Continuous Service Except as otherwise provided in this Section 3, the unvested portion of the award shall be forfeited as of the date (the “Termination Date”) that the Grantee actually ceases to provide services to the Company or any Affiliate in any capacity of Employee, Director or Consultant (irrespective of whether the Grantee continues to receive severance or any other continuation payments or benefits after such date) (such cessation of the provision of services by Grantee being referred to as “Service Termination”). A Service Termination shall not occur and Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any Subsidiary or Affiliate, or any successor, in any capacity of Employee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Subsidiary or Affiliate in any capacity of Employee, Director or Consultant.

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