Common use of Non-Payment Default Clause in Contracts

Non-Payment Default. A breach or failure of performance by the Tenant or the Issuer of any provision of this Bond Agreement (other than as referred to in (1) above) that is not remedied within 30 days after the Tenant or the Issuer, as the case may be, has received written notice thereof from the Bank or any Owner;

Non-Payment Default. A breach or failure of performance by the Tenant or the Issuer of any provision of this Bond Agreement (other than as referred to in (1i) above) that is not remedied within 30 days after the Tenant or the Issuer, as the case may be, has received written notice thereof from the Bank or any Owner;