Rectification Period. (a) Subject to clause 26.3(b), if the Event of Default is a default referred to in clause 26.1(b), (c) or (d), upon receipt of the Default Notice, the defaulting party will have 7 Days to rectify the Event of Default (Rectification Period).
(b) If the Event of Default is a default in performance of a material obligation that is not capable of being remedied, the defaulting party will have 7 Days to mitigate the effects of the default to the reasonable satisfaction of the non-defaulting party (also a Rectification Period).
(c) If the Event of Default is an Insolvency Event, no rectification period applies.
Rectification Period. (a) The events of default in Subsections 8.01 c), d) and e) (with respect tothe Land Trust ceasing its activities or substantially changing the nature of its business) and 8.01 f) shall only be considered events of default if the Land Trust has been notified in writing by NCC of the alleged default and the Land Trust has not rectified the default within thirty (30) days of written notice thereof.
(b) Where NCC is concerned about the probability of imminent default as outlined in the Subsection 8.02 (a), of this Agreement, NCC will notify the Land Trust in writing and the two Parties will discuss the concerns, with the Land Trust rectifying any default within thirty (30) days of written notice thereof.
Rectification Period. Upon receipt of the notice of the Event of Default given in accordance with clause 23.2, the defaulting party will have seven (7) Days to rectify the Event of Default (Rectification Period).
Rectification Period. (a) The events of default in Subsections 8.01 c), d) and e) (with respect tothe Land Trust ceasing its activities or substantially changing the nature of its business) and 8.01 f) shall only be considered events of default if the Land Trust has been notified in writing by WHC of the alleged default and the Land Trust has not rectified the default within thirty (30) days of written notice thereof.
(b) Where WHC is concerned about the probability of imminent default as outlined in the Subsection 8.02 (a), of this Agreement, WHC will notify the Land Trust in writing and the two Parties will discuss the concerns, with the Land Trust rectifying any default within thirty (30) days of written notice thereof.
Rectification Period. The period mutually agreed upon as described in Clause 28.4.1 for rectifying the Event of Default to the mutual satisfaction of all the Parties shall be called the Rectification Period.
Rectification Period. 10.1 In this Agreement, "RECTIFICATION PERIOD" - means a period given, if any, in clause 9 of this Agreement, for rectification of the Events of Default entitling the Bank to declare all or any part of the Credit immediately due and payable. In the event that under the circumstances there will be more than one Event of Default, the Rectification Period will be the shortest period of the Rectification Periods prescribed in respect of the relevant Events of Default, and if, regarding one of the Events of Default, no Rectification Period has been prescribed, no Rectification Period will apply at all.
Rectification Period. We must provide you with a 30 day period to rectify the breach, unless the breach is pertaining to your payment obligations where the rectification period shall be 7 days or alternatively the shortest period allowed by mandatory rules under the applicable law.
Rectification Period. (a) The events of default in Subsections 11.15 (c), (d) and (e) (with respect to the Foundation ceasing its activities or substantially changing the nature of its business) and Subsections 11.15 (f) shall only be considered events of default if the Foundation has been notified in writing by the Minister of the alleged default and the Foundation has not rectified the default within thirty (30) days of written notice thereof.
(b) Where the Minister is concerned about the probability of imminent default as outlined in the Section 11.15, under the Funding Agreement, the Minister will notify the Foundation in writing and the two parties will discuss the concerns, with the Foundation rectifying any default within thirty (30) days of written notice thereof.
Rectification Period. All services shall be rendered strictly in accordance with the terms and conditions stated in the Contract. No deviation from such conditions shall be made without BCPL’S agreement in writing which must be obtained before any work against the order is commenced. All services rendered by Consultant pursuant to the Contract (irrespective of whether engineering, design data or other information has been furnished, reviewed or approved by BCPL) are guaranteed to be of the best quality of their respective kinds. Consultant shall rectify at his own cost any mistake in assumption of any data in the study or use of wrong data or faulty study observed within twelve months of the acceptance of his report and will submit the rectified report incorporating the changes wherever applicable within 30 days of observance of mistake.
Rectification Period. The events of default in Subsection 9.1 shall only be considered events of default if the defaulting Party has been notified in writing by the other Party of the alleged default and the defaulting Party has not rectified the default within fifteen (15) days of written notice thereof, or such other longer time as the other Party may in its sole discretion decide.
