Notice of PA Default Events Sample Clauses

Notice of PA Default Events. The State agrees with the Security Trustee that it will give the Security Trustee a copy of any notice given by the State to Project Co in respect of a PA Default Event at or about the same time as the notice is given to Project Co.
Sample 1
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Notice of PA Default Events. The State agrees with the Security Trustee that it will give the Security Trustee a copy of any notice given by the State to Project Co in respect of a PA Default Event or under clause 46.2 or clause 46.3 of the Project Deed at or about the same time as the notice is given to Project Co. Security Trustee's right to Cure (Security Trustee's right to Cure): The Security Trustee may (but is not obliged to), upon providing the State with notice within the timeframe set out in clause 5.5(a) of its intention to do so, take steps to Cure or procure the Cure of a PA Default Event by developing a Financiers' Cure Program in accordance with this clause 5.2.
Sample 1

Related to Notice of PA Default Events

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Rights Upon Event of Default (a) As long as an Event of Default under this Agreement remains unremedied, Holders of not less than 50% of the outstanding Class Principal Balance of the Original Notes (in each case the outstanding Class Principal Balance of the Original Notes will be determined without regard to any exchanges of Class M Notes for MAC Notes) to which such Event of Default relates may, by written notice to Freddie Mac, declare such Notes due and payable and accelerate the maturity of such Notes. In the event that Class M Notes have been exchanged for MAC Notes, Holders of such MAC Notes will be entitled to exercise all the voting or direction rights that are allocated to such exchanged Class M Notes as described herein. Upon such acceleration, the Class Principal Balance of such Notes and the interest accrued thereon shall be due and payable.

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