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Common use of Notification of Event of Default Clause in Contracts

Notification of Event of Default. The Public Entity shall furnish to MnDOT and the Commissioner, as soon as possible and in any event within seven (7) days after it has obtained knowledge of the occurrence of each Event of Default, a statement setting forth details of each Event of Default and the action which the Public Entity proposes to take with respect thereto.

Appears in 11 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement