OPERATOR'S DEFAULT. If this agreement is terminated by reason of a default by Operator, Licensee shall have the option (i) with respect to an Equipment Purchase, to purchase the Transferable Equipment at a price equal the lesser of (A) to the then fair market value of the Transferable Equipment (taking into account depreciation) or (B) the net book value of the Transferable Equipment, or (ii) with respect to an Equipment Lease, to lease the Transferable Equipment from Operator for a period of not longer than the date on which the FCC License expires or is otherwise terminated at a lease rate equal to the then fair market lease value of the Transferable Equipment.
OPERATOR'S DEFAULT. The occurrence of any of the following events shall constitute a default by Operator under this Agreement: (i) Operator fails to timely pay any installment of rent or any additional rent; (ii) Operator ceases to provide any service that Operator is required to provide under this Agreement for a period of seven (7) consecutive days;
OPERATOR'S DEFAULT. Each of the following events shall constitute an "Event of Default" hereunder (whatever the reason for such event of default and whether it shall be voluntary or involuntary, or come about or be effected by operation of law, or be pursuant to or in compliance with any judgment, degree, or order of any court of any order, rule, or regulation of any administrative or governmental body):
OPERATOR'S DEFAULT. 12.1. In the event of any material breach of this Agreement by OPERATOR, which breach is not cured within sixty (60) days after giving of written notice thereof from CITY to OPERATOR, and any approved lien or encumbrance holder, or in the event of a material breach which cannot be cured within said sixty (60) day period, if OPERATOR has not commenced within sixty (60) days of written notice and thereafter diligently prosecuted a cure of such breach, or upon OPERATOR'S abandonment of the property, CITY, along with all other rights and remedies it may have, shall have the following rights:
OPERATOR'S DEFAULT. In the event the Operator fails to comply with every this Agreement ("Default") and such Default has not been cured by the Operator within the time specified below for such cure, the City may immediately terminate this Agreement by delivering written notice of such termination to the Operator. Operator shall have three (3) days to effect a cure of any default involving the remittance of any City receivable and ten (10) days to effect a cure of any other default; each such cure period shall commence upon the Operator's receipt of the City's notice specifying such Default and demand for its correction.
OPERATOR'S DEFAULT. The breach of any provision of this Agreement, the failure to keep, observe or perform any covenant including, without limitation, the occurrence of any one or more of the following events shall constitute a default and breach of this Agreement by OPERATOR, which will allow CITY to terminate the Agreement:
OPERATOR'S DEFAULT. The OPERATOR’s breach of any provision of this Agreement, the failure to keep, observe or perform any material covenant including, without limitation, the occurrence of any one or more of the following events shall constitute a default and breach of this Agreement by OPERATOR:
OPERATOR'S DEFAULT. If Operator shall fail in the performance of or compliance with any of the covenants, agreements, terms or conditions contained in this Agreement and such failure shall continue for a period of fifteen (15) days after written notice thereof from Owner to Operator specifying in detail the nature of such failure, or, in the case such failure cannot with due diligence be cured within such period of fifteen (15) days, if Operator fails to proceed promptly and with all due diligence to cure the same and thereafter to prosecute the curing of such failure with all due diligence (it being intended that in connection with a failure not susceptible of being cured with due diligence within fifteen (15) days that the time within which to cure the same shall be extended for such period as may be necessary to complete the same with all due diligence).
OPERATOR'S DEFAULT. If Operator shall fail in the material performance of or material compliance with any of the material covenants, agreements, terms or conditions contained in this Agreement and shall continue for a period of thirty (30) days after written notice thereof from NYRA to Operator specifying in detail the nature of such failure, or, in the case such failure cannot with due diligence be cured within such period of thirty (30) days, if Operator fails to proceed promptly and with all due diligence to cure the same and thereafter to prosecute the curing of such failure with all due diligence, it being intended that in connection with a failure not susceptible of being cured with due diligence within thirty (30) days that the time within which to cure the same shall be extended for such period as may be necessary to complete the same with all due diligence unless such failure is not susceptible to cure regardless of time period in which case no cure period shall be provided;
OPERATOR'S DEFAULT. The Operator shall be in default of its obligations under this Agreement if the Operator: (a) fails to perform any of its obligations under this Agreement and such failure continues for fifteen (15) days after receipt by the Operator of notice of such failure from the User; or (b) takes any action to prevent or hinder the performance by the User of any of his obligations under the Agreement. In the event of any default by the Operator, the User may terminate the Agreement immediately and pursue any other remedy available to the User in law or equity.
