Common use of Termination and Waiver Clause in Contracts

Termination and Waiver. 15.1 The provisions of this Section 15 shall apply if any Party hereto shall commit a material default in the performance of its obligations under the Agreement, including any of the defaults specified in this Section 15 as reasons for termination of the Agreement. For purposes of this Section 15, all notices hereunder to be given by or to Member, shall be given by or to Servicer on behalf of Member. Servicer may remedy any material default by Member.

Appears in 11 contracts

Samples: Signatory Agreement (Spirit Airlines, Inc.), Signatory Agreement (Virgin America Inc.), Signatory Agreement (Virgin America Inc.)

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Termination and Waiver. 15.1 The provisions of this Section 15 shall apply if any Party hereto shall commit a material default in the performance of its obligations under the Agreement, including any of the defaults specified in this Section 15 as reasons for termination of the Agreement. For purposes of this Section 15, all notices hereunder to be given by or to Member, shall be given by or to Servicer on behalf of Member. Servicer may remedy any material default by Member. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 4 contracts

Samples: Signatory Agreement (Virgin America Inc.), Signatory Agreement (Virgin America Inc.), Signatory Agreement (Virgin America Inc.)

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