Common use of MCD Event of Default Clause in Contracts

MCD Event of Default. Any of the following events shall constitute an event of default by MCD ("MCD Event of Default”), unless caused by a Concessionaire Event of Default or a Force Majeure Event: (i) MCD has failed to make any payments due to the Concessionaire and more than 180 days have elapsed since such default; (ii) MCD is in Material Breach of any of its obligations under this Agreement and has failed to cure such breach within 60 (sixty) days of receipt of notice thereof issued by the Concessionaire; (iii) MCD has repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; (iv) MCD has unreasonably withheld or delayed grant of any approval or permission which the Concessionaire is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; (v) Any representation made or warranties given by the MCD under this Agreement has been found to be false or misleading. (vi) MCD has failed to deliver possession of any of the Existing Project Facilities, Facility Site or Workshop Site to the Concessionaire or failed to provide adequate access to or Landfill Site within 60 days from the date of receipt of notice from the Concessionaire in that regard. (vii) MCD has failed to execute the Substitution Agreement in accordance with Article 6.1(c) or having executed the same is in breach of any of its obligations there under and such breach has not been cured within 30 Days from the date of written notice thereof given by the Concessionaire. (viii) MCD has failed to instal the weighment and Testing Equipment in the Landfill Site before COD.