Nexamp Defaults Sample Clauses

Nexamp Defaults. The following events shall be defaults ofNexamp (each, a “Nexamp Default”): (i) A Voluntary Bankruptcy Event with respect to Nexamp; (ii) An Involuntary Bankruptcy Event with respect to Nexamp; (iii) Nexamp breaches any material term of this Agreement and such breach remains uncured for sixty (60) days after Host’s noticeto Nexamp of such breach, if curable within sixty (60) days, or Nexamp fails to commence and pursue diligently a cure to such breach within sixty (60) days ofreceiving such noticeif a longer cure period is needed, , and, in any event, fails to cure within ninety (90) days of receivingsuch notice; and (iv) With respect to the System individually, Nexamp fails to achieve the Commercial Operation Date of the System on or before the date that the System becomes ineligible forthe rebate applied for under the Commonwealth Solar Programadministered by the MTC. (b)
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Related to Nexamp Defaults

  • Other Defaults Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days after notice thereof by the Administrative Agent to the Borrower; or

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • Default and Consequences of Default 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Supplier’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Developer Default Each of the following shall be an Event of Default by Developer:

  • Train Operator Events of Default The following are Train Operator Events of Default:

  • Notice of Defaults If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.

  • Defaults Remedies (a) It shall be an Event of Default:

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • EVENTS OF DEFAULTS AND CONSEQUENCES 9.1 Subject to the Force Majeure clause, the Promoter shall be considered under a condition of Default, in the following events:

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