Common use of Operator Default Clause in Contracts

Operator Default. Operator shall be in default of this Agreement (an “Operator Default”) (a) upon an Event of Bankruptcy with respect to Operator; or (b) if Operator is in material breach of any of its obligations under this Agreement, and Operator fails to cure such breach within thirty (30) days (or ten (10) days for an obligation to pay any sums of money owed) following delivery to Operator of a written notice from the Company stating with reasonable particularity the nature and extent of such Operator Default, or if a remedy cannot be effected within such initial thirty (30) day period, an additional reasonable period no longer than ninety (90) days, provided that Operator has commenced remedy within the initial thirty (30) day period and diligently pursues such remedy to completion.

Operator Default. Operator shall be in default of this Agreement (each, an “Operator Default”) ): (a) upon an Event of Bankruptcy with respect to Operator; Operator or (b) if Operator is in material breach of any of its obligations under this Agreement, and Operator fails to cure such breach within thirty (30) days (or ten (10) days for an obligation to pay any undisputed sums of money owed) following delivery to Operator of a written notice from the Company stating with reasonable particularity the nature and extent of such Operator Defaultmaterial breach, or if a remedy cannot be effected within such initial thirty (30) day period, an additional reasonable period no longer than ninety (90) days, provided that Operator has commenced remedy within the initial thirty (30) day 30)-day period and diligently pursues such remedy to completion.

Operator Default. Operator shall be in default of this Agreement (each, an “Operator Default”) ): (a) upon an Event of Bankruptcy with respect to Operator; Operator or (b) if Operator is in material breach of any of its obligations under this Agreement, and Operator fails to cure such breach within thirty (30) days (or ten (10) days for an obligation to pay any undisputed sums of money owed) following delivery to Operator of a written notice from the Company stating with reasonable particularity the nature and extent of such Operator Defaultmaterial breach, or if a remedy cannot be effected within such initial thirty (30) day 30)-day period, an additional reasonable period no longer than ninety (90) days, provided that Operator has commenced remedy within the initial thirty (30) day 30)-day period and diligently pursues such remedy to completion.