Common use of Termination Due to Default Clause in Contracts

Termination Due to Default. If and whenever: (a) the Licensee is in default in the payment of the Licence Fee or any sum payable under this Agreement forty-eight (48) hours after the receipt of written notice of such default from the District; (b) the Licensee fails to observe or perform all other covenants, agreements, stipulations, obligations, conditions or other provisions of this Agreement applicable to the Licensee at a time in excess of forty-eight (48) hours (or such longer time stipulated by the District) after the receipt of written notice of such failure from the District; (c) the Licensee vacates or abandons the Licence Area for more than forty-eight (48) hours consecutive days and notice of such abandonment is given by the District, as evidenced by the removal of the Licensee’s equipment; (d) any of the goods or chattels of the Licensee shall be at any time seized in execution or attachment by any creditor of the Licensee; (e) a receiver or receiver-manager is appointed in respect of any property of the Licensee; (f) the Licensee should make any assignment for the benefit of creditors or shall make any bulk sale; (g) if the Licensee should become bankrupt or insolvent or take the benefit of any Act now or hereafter in force for bankrupt or insolvent debtors, or if the Licensee receives from any of its secured creditors a notice under the Bankruptcy and Insolvency Act (Canada) advising the Licensee that the secured creditor intends to realize upon security located on the Licence Area; or (h) any order should be made for the winding up of the Licensee or other termination of the corporate existence of the Licensee; then in any such case, at the option of the District, this Agreement may be immediately terminated by notice to the Licensee, and the Licensee shall cease all use and occupation of the Licence Area and return the Licence Area to the District in the manner required as if this Agreement had expired.

Termination Due to Default. If and whenever: (a) the Licensee is in default in the payment of the Licence Fee or any sum payable under this Agreement forty-eight (48) hours after the receipt of written notice of such default from the District; (b) the Licensee fails to observe or perform all other covenants, agreements, stipulations, obligations, conditions or other provisions of this Agreement applicable to the Licensee at a time in excess of forty-eight (48) hours (or such longer time stipulated by the District) after the receipt of written notice of such failure from the District;applicable (c) the Licensee vacates or abandons the Licence Area for more than forty-eight (48) consecutive hours consecutive days and notice of such abandonment is given by the District, as evidenced by the removal of the Licensee’s equipment; (d) any of the goods or chattels of the Licensee shall be at any time seized in execution or attachment by any creditor of the Licensee; (e) a receiver or receiver-manager is appointed in respect of any property of the Licensee; (f) the Licensee should make any assignment for the benefit of creditors or shall make any bulk sale; (g) if the Licensee should become bankrupt or insolvent or take the benefit of any Act now or hereafter in force for bankrupt or insolvent debtors, or if the Licensee receives from any of its secured creditors a notice under the Bankruptcy and Insolvency Act (Canada) advising the Licensee that the secured creditor intends to realize upon security located on the Licence Area; or (h) any order should be made for the winding up of the Licensee or other termination of the corporate existence of the Licensee; then in any such case, at the option of the District, this Agreement may be immediately terminated by notice to the Licensee, and the Licensee shall cease all use and occupation of the Licence Area and return the Licence Area to the District in the manner required as if this Agreement had expired.;

Termination Due to Default. If and whenever: (a) the Licensee is in default in the payment of the Licence Fee or any sum payable under this Agreement forty-eight (48) hours after the receipt of written notice of such default from the District; (b) the Licensee fails to observe or perform all other covenants, agreements, stipulations, obligations, conditions or other provisions of this Agreement applicable to the Licensee at a time in excess of forty-eight (48) hours (or such longer time stipulated by the District) after the receipt of written notice of such failure from the District;the (c) the Licensee vacates or abandons the Licence Area for more than forty-eight (48) consecutive hours consecutive days and notice of such abandonment is given by the District, as evidenced by the removal of the Licensee’s equipment; (d) any of the goods or chattels of the Licensee shall be at any time seized in execution or attachment by any creditor of the Licensee; (e) a receiver or receiver-manager is appointed in respect of any property of the Licensee; (f) the Licensee should make any assignment for the benefit of creditors or shall make any bulk sale; (g) if the Licensee should become bankrupt or insolvent or take the benefit of any Act now or hereafter in force for bankrupt or insolvent debtors, or if the Licensee receives from any of its secured creditors a notice under the Bankruptcy and Insolvency Act (Canada) advising the Licensee that the secured creditor intends to realize upon security located on the Licence Area; or (h) any order should be made for the winding up of the Licensee or other termination of the corporate existence of the Licensee; then in any such case, at the option of the District, this Agreement may be immediately terminated by notice to the Licensee, and the Licensee shall cease all use and occupation of the Licence Area and return the Licence Area to the District in the manner required as if this Agreement had expired.;

Termination Due to Default. If and whenever: (a) the Licensee is in default in the payment of the Licence Fee or any sum payable under this Agreement forty-eight ninety (4890) hours days after the receipt of written notice of such default from the District; (b) the Licensee fails to observe or perform all other covenants, agreements, stipulations, obligations, conditions or other provisions of this Agreement applicable to the Licensee at a time in excess of forty-eight (48) hours 90 days (or such longer time stipulated by the District) after the receipt of written notice of such failure from the District; (c) the Licensee vacates or abandons the Licence Area for more than forty-eight ninety (4890) hours consecutive days and notice of such abandonment is given by the District, as evidenced by the removal of the Licensee’s equipment; (d) any of the goods or chattels of the Licensee shall be at any time seized in execution or attachment by any creditor of the Licensee; (e) a receiver or receiver-manager is appointed in respect of any property of the Licensee; (f) the Licensee should make any assignment for the benefit of creditors or shall make any bulk sale; (g) if the Licensee should become bankrupt or insolvent or take the benefit of any Act now or hereafter in force for bankrupt or insolvent debtors, or if the Licensee receives from any of its secured creditors a notice under the Bankruptcy and Insolvency Act (Canada) advising the Licensee that the secured creditor intends to realize upon security located on the Licence Area; or (h) any order should be made for the winding up of the Licensee or other termination of the corporate existence of the Licensee; then in any such case, at the option of the District, this Agreement may be immediately terminated by notice to the Licensee, and the Licensee shall cease all use and occupation of the Licence Area and return the Licence Area to the District in the manner required as if this Agreement had expired.