Technical Default Sample Clauses
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Technical Default. If any Co-Signer makes payment to the Bank based upon a technical default under a Note or Guarantee, Southwest agrees that it will repay to Co-Signer all amounts paid by Co-Signer to the Bank on the same terms and conditions as the terms of the Note issued by the Bank. For purposes of this Agreement, a technical default means any default that results from any event or circumstance other than the failure or inability of Southwest to make a payment on a Note when due.
Technical Default. 3.1.1. Blowing out rate: Party B shall guarantee monthly success rate of argon bottom blowing out to ladle up to 99% and shall be penalized ▇▇▇ ▇▇▇ for every 1% failure of target except the cause accrued by Party A.
3.1.2. Outlet open rate: Party B shall be penalized RMB 1000 for every failure of encouraging automatic pouring to ladle.
3.1.3. Automatic pouring rate: Party B shall be penalized ▇▇▇ ▇▇ for one failure of automatic pouring operations and shall be penalized RMB 500 for every failure from consecutive occurrence.
3.1.4. Temperature Control: Party B shall meet monthly temperature target up to 90% and shall be penalized ▇▇▇ ▇▇▇ for every 1% failure of target except the cause incurred by Party A.
3.1.5. Party B shall be penalized ▇▇▇ ▇▇ for every minute delay of operations.
3.1.6. Party B shall be penalized ▇▇▇ ▇▇ for every shortage of cycle of guarantee minimum 100 cycles of operations.
3.1.7. Party B shall be penalized at least ▇▇▇ ▇▇▇ for every violations of fulfillment of obligations under the Contract.
Technical Default. The City agrees that it is not its intention to subject the Grantee to liquidated damages, forfeitures or revocation of the Franchise for so-called “technical” breach(es) of the Franchise, which shall include, but not be limited, to the following:
(a) In instances or for matters where a breach of the Franchise by the Grantee was good faith error that resulted in no or minimal negative impact on the Customers within the Franchise Area and such breaches have not been repeated; or
(b) Where there existed circumstances reasonably beyond the control of the Grantee and which precipitated a breach by the Grantee of the Franchise, or which were deemed to have prevented the Grantee from complying with a term or condition of the Franchise.