Operating Costs & Reserves Default Clause Samples

Operating Costs & Reserves Default. Superior’s failure to fully pay its payments due under Section 6.3.1 by the last business day of January of each calendar year shall constitute an event of Default.
Operating Costs & Reserves Default. [Actual Allottee Name*]’s failure to fully pay its payments due under Section 6.3.1 by the last business day of January of each calendar year shall constitute an event of Default.
Operating Costs & Reserves Default. Greeley’s failure to fully pay its payments due under Section 6.3.1 by the last business day of January of each calendar year shall constitute an event of Default.