Party’s Default Sample Clauses

Party’s Default. Either Party shall be entitled to terminate this Agreement during the Term pursuant to provisions of Clause 16.5 Termination Procedure, without prejudice to its other rights and remedies under this Agreement, if the other Party fails to observe or perform any of its obligation expressed to be assumed by it under the Agreement, and such failure (“Default”) if capable of being remedied, continues for a period of more than ten (10) calendar days after the receipt of a notice of default to remedy such Default.
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Party’s Default. This Agreement may be terminated by either party if the other materially breaches any provision of this Agreement ("Default"), PROVIDED THAT a party shall not be deemed in default unless (i) the claiming party has given the breaching party written notice specifying the respects in which the claiming party claims the Agreement has been breached, and (ii) the breaching party fails to remedy such breach, or fails to provide information to the claiming party sufficient to show that it has not breached this Agreement within the 60 day period following written notice or with respect to breaches of Section 3.6, ten business days following written notice (the "Cure Period"). Within one hundred twenty (120) days following the expiration of Cure Period, the claiming party may serve final written notice of termination.
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Party’s Default. This Agreement may be terminated by either party if the other materially breaches any provision of this Agreement, except that this Agreement shall not be deemed breached by a party unless (i) the claiming party has given the breaching party written notice specifying the respects in which the claiming party claims the Agreement has been breached (the "Notice of Breach"); (ii) the breaching party fails to remedy such breach, or fails to provide information to the claiming party sufficient to show that it has not breached this Agreement, within 60 days following the receipt of the Notice of Breach; and (iii) no later than 30 days following the expiration of said 60-day period, the claiming party has served final written notice of termination. If this Agreement is terminated by Scoxx xxe to a material breach of this Agreement by Escalon, Escalon shall, within 30 days after the termination, pay to Scoxx (x) all of Scoxx'x xxsts associated with the purchase of raw materials for the purpose of manufacturing the Products; (ii) all of Scoxx'x costs associated with work in process relating to the Products; and (iii) the price for all finished Products, as set forth in Exhibit B. All raw materials, work in process and finished Products for which Escalon pays pursuant to the preceding sentence shall, at the request of Escalon, be shipped by Scoxx to Escalon at Escalon's expense.
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Party’s Default 
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Related to Party’s Default

  • Monetary Default Any failure by a Party to pay, deposit or deliver, when and as this Agreement requires, any amount of money, any bond or surety or evidence of any insurance coverage required to be provided under this Agreement, whether to or with a Party or a Third Person.

  • Default; Breach A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or Rules and Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period:

  • Customer Default The occurrence at any time of any of the following events shall constitute a “Customer Default”:

  • Non-Monetary Default The occurrence of any of the following, except to the extent constituting a Monetary Default: (a) any failure of a Party to perform any of such Party’s obligations under this Agreement; (b) any failure of a Party to comply with any material restriction or prohibition in this Agreement; or (c) any other event or circumstance that, with passage of time or giving of Notice, or both, would constitute a breach of this Agreement by a Party.

  • Occurrence of Default Any Transfer hereunder shall be subordinate and subject to the provisions of this Lease, and if this Lease shall be terminated during the term of any Transfer, Landlord shall have the right to: (i) treat such Transfer as cancelled and repossess the Subject Space by any lawful means, or (ii) require that such Transferee attorn to and recognize Landlord as its landlord under any such Transfer. If Tenant shall be in default under this Lease, Landlord is hereby irrevocably authorized, as Tenant’s agent and attorney-in-fact, to direct any Transferee to make all payments under or in connection with the Transfer directly to Landlord (which Landlord shall apply towards Tenant’s obligations under this Lease) until such default is cured. Such Transferee shall rely on any representation by Landlord that Tenant is in default hereunder, without any need for confirmation thereof by Tenant. Upon any assignment, the assignee shall assume in writing all obligations and covenants of Tenant thereafter to be performed or observed under this Lease. No collection or acceptance of rent by Landlord from any Transferee shall be deemed a waiver of any provision of this Article 14 or the approval of any Transferee or a release of Tenant from any obligation under this Lease, whether theretofore or thereafter accruing. In no event shall Landlord’s enforcement of any provision of this Lease against any Transferee be deemed a waiver of Landlord’s right to enforce any term of this Lease against Tenant or any other person. If Tenant’s obligations hereunder have been guaranteed, Landlord’s consent to any Transfer shall not be effective unless the guarantor also consents to such Transfer.

  • Owner Default Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

  • Borrower Default Unless the Administrative Agent shall have received notice from Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that Borrower will not make such payment, the Administrative Agent may assume that Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

  • Default GAC may, by written notice of default to the Contractor, terminate the whole or any part of the Agreement, in any one of the following circumstances:

  • Default Breach Remedies See Addendum 13.1

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