Common use of Operator Events of Default Clause in Contracts

Operator Events of Default. The following circumstances shall constitute events of default on the part of Operator (“Operator Events of Default”) under this Agreement: (a) the bankruptcy, insolvency, dissolution, or cessation of the business of Operator; (b) Operator fails to obtain and maintain insurance required to be obtained and maintained by it under this Agreement which failure continues for thirty (30) Days after Operator’s receipt of Notice of such failure from Owner; (c) Operator assigns its rights under this Agreement except as permitted hereunder; (d) Operator ceases to provide all Services (as may be amended pursuant to Section 3.1) required to be performed by it hereunder for ten (10) consecutive days except as required or permitted hereunder; or (e) a material failure by Operator to perform its obligations hereunder (including the performing of Services (as may be amended pursuant to Section 3.1)) which continues for thirty (30) Days after Operator’s receipt of Notice of such failure from Owner, unless Operator commences to cure such failure within said thirty (30) Days and cures such failure within sixty (60) Days after its receipt of the aforesaid Notice.

Operator Events of Default. The following circumstances shall constitute events of default on the part of Operator (“Operator Events of Default”) under this Agreement: (a) the bankruptcy, insolvency, dissolution, or cessation of the business of Operator; (b) Operator fails to obtain and maintain insurance required to be obtained and maintained by it under this Agreement which failure continues for thirty (30) Days after Operator’s receipt of Notice of such failure from the Owner; (c) Operator assigns its rights under this Agreement except as permitted hereunder; (d) Operator ceases to provide all Services (as may be amended pursuant to Section 3.1) required to be performed by it hereunder for ten (10) consecutive days except as required or permitted hereunder; or (e) a material failure by Operator to perform its obligations hereunder (including the performing of Services (as may be amended pursuant to Section 3.1)) which continues for thirty (30) Days after Operator’s receipt of Notice of such failure from Owner which Notice shall include Owner’s recommendation for a cure of such failure, unless Operator commences to cure such failure within said thirty (30) Days and cures such failure within sixty seventy-five (6075) Days after its receipt of the aforesaid Notice.

Operator Events of Default. The following circumstances shall constitute events of default on the part of Operator (“Operator Events of Default”) under this Agreement: (a) the bankruptcy, insolvency, dissolution, or cessation of the business of Operator; (b) Operator fails to obtain and maintain insurance required to be obtained and maintained by it under this Agreement which failure continues for thirty (30) Days after Operator’s 's receipt of Notice of such failure from Owner; (c) Operator assigns its rights under this Agreement except as permitted hereunder; (d) Operator ceases to provide all Services (as may be amended pursuant to Section 3.1) required to be performed by it hereunder for ten (10) consecutive days except as required or permitted hereunder; or (e) a material failure by Operator or O&M Services to perform its obligations hereunder (including the performing of Services (as may be amended pursuant to Section 3.1)Services) which continues for thirty (30) Days after Operator’s 's or O&M Services' receipt of Notice of such failure from Owner which Notice shall include Owner's recommendation for a cure of such failure, unless Operator or O&M Services commences to cure such failure within said thirty (30) Days and cures such failure within sixty seventy-five (6075) Days after its receipt of the aforesaid Notice.