Protest of Default Sample Clauses

Protest of Default. If the defaulting Party disputes a Default Notice, such Party must nonetheless pay the disputed payment or commence performance of the disputed obligation, but may do so under protest (the “Protest”). The Protest must be in writing, must accompany the disputed payment or precede the commencement of performance of the disputed obligation, and must specify the reason upon which the Protest is based. Copies of the Protest must be served by the defaulting Party on the Decommissioning Agent and also on: (i) the representatives on the Decommissioning Committee; (ii) the representatives on the Decommissioning Investment Committee; (iii) all persons entitled to receive notices under Section 21.1; and (iv) the Trustee of the defaulting Party’s Decommissioning Trust. Within seven (7) days after the service of the Protest, authorized representatives of the Parties must meet, in person or by conference call or video conference, to address the Protest and to determine what actions, if any, to take as a result of the Protest.
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Protest of Default. If the defaulting Party disputes a Default Notice, such Party will‌ nonetheless pay the disputed payment or commence performance of the disputed obligation, but may do so under protest (the “Protest”). The Protest will be in writing, will accompany the disputed payment or precede the commencement of performance of the disputed obligation(s), and will specify the reason upon which the Protest is based. Copies of the Protest will be served by the defaulting Party on the Reclamation Trust Funds Operating Agent and also on: (i) the representatives on the Reclamation Oversight Committee; (ii) all persons entitled to receive notices under Section 28.1; and (iii) the Trustee of the defaulting Party’s Reclamation Trust. Within seven
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Protest of Default. If the defaulting Participant disputes a Default Notice, such Participant shall nonetheless pay the disputed payment or commence performance of the disputed obligation, but may do so under protest (the “Protest”). The Protest shall be in writing, shall accompany the disputed payment or precede the commencement of performance of the disputed obligation(s), and shall specify the reason upon which the Protest is based. Copies of the Protest shall be served by the defaulting Participant on the Trust Funds Operating Agent and also on: (i) the representatives on the Reclamation Oversight Committee; (ii) all persons entitled to receive notices under Section 28.1; and (iii) the Trustee of the defaulting Participant’s Trust. Within seven (7) days after the service of the Protest, authorized representatives of the Participants shall meet, in person or by conference call or video conference, to address the Protest and to determine what actions, if any, to take as a result of the Protest.
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Protest of Default. If the Defaulting Party disputes a Default Notice, that Party must nonetheless pay the disputed payment or commence performance of the disputed obligation, but may do so under protest, by delivering written notice (a “Protest’) to Agent and each Representative, specifying the basis for the Protest, and delivered concurrently with the disputed payment or prior to the performance of the disputed obligation. Within seven (7) days after the service of the Protest, the Representatives must meet, in person or by conference call or video conference, to address the Protest and to determine what actions, if any, to take as a result of the Protest. If it is determined under Article XI, or otherwise, that a protesting Party is entitled to a refund of all or any portion of a disputed payment or payments, then, upon such determination, the non-protesting Parties shall pay such amount to the protesting Parties, together with interest thereon at the Default Rate, from the date ofpayment, in the ratio of their respective Proportionate Shares to the total of the Proportionate Shares of all non-protesting Parties.
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Related to Protest of Default

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

  • Notice of Defaults If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Notice of Default The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.

  • Default H-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:

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Developer Default Each of the following shall be an Event of Default by Developer:

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