Common use of Termination for Development Entity Default Clause in Contracts

Termination for Development Entity Default. (a) If a Development Entity Default occurs and it has not been cured within any relevant cure period set out in Section 22.3 (Initial Notice and Cure Periods) or (if relevant) in accordance with any remedial plan accepted by the Department pursuant to Section 22.4(a) (Remedial Plan), the Department may serve a Termination Notice (the Department Termination Notice) on the Development Entity at any time during the continuance of that Development Entity Default.

Appears in 4 contracts

Samples: Agreement, Partnership Agreement, Partnership Agreement

AutoNDA by SimpleDocs

Termination for Development Entity Default. (a) If a Development Entity Default occurs and it has not been cured within any relevant cure period set out in Section 22.3 22.5 (Initial Notice and Cure Periods) or (if relevant) in accordance with any remedial plan accepted by the Department pursuant to Section 22.4(a22.6(a) (Remedial Plan), the Department may serve a Termination Notice (the Department Termination Notice) on the Development Entity at any time during the continuance of that Development Entity Default.

Appears in 1 contract

Samples: Transportation Partnership Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.