Termination on Notice of Default Sample Clauses

Termination on Notice of Default. If either party shall give notice to the other that the other party has substantially defaulted in the performance of any obligation under this Agreement, and the default shall not have been cured within sixty (60) days following the giving of the notice, the parties will obtain three (3) mutually agreeable arbitrators who will either resolve the issues of disagreement or will arbitrate and decide as to whether the Agreement must be terminated. Except as provided in Section 9.8, the expense of such Arbitration shall be paid 50% by the Practice Manager and 50% to be allocated proportionately among the Shareholders of Medical Practice. Until the final decision of the Arbitration, Practice Manager shall continue as the Practice Manager under this Agreement.
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Termination on Notice of Default. In the event that Agency substantially defaults in the performance of any obligations under this Agreement, AISD shall give immediate written notice to Agency, informing Agency of Agency’s breach and of AISD’s intent to terminate. If, within two (2) business days, Agency does not cure the breach, AISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. In the event that Agency substantially defaults in the performance of any obligations under this Agreement for a second time, AISD shall have the right to immediately terminate this Agreement at the end of the occurring semester.
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Termination on Notice of Default. In the event either party shall give notice to the other that such party has substantially defaulted in the performance of an obligation under this Agreement, and such default shall not have been cured within fifteen (15) days following the giving of such notice, the party giving such notice shall have the right to immediately terminate this Agreement.
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Termination on Notice of Default. In the event that Agency substantially defaults in the performance of any obligations under this Agreement, MISD shall give immediate written notice to Agency, informing Agency of Agency’s breach and of MISD’s intent to terminate. If, within two (2) business days, Agency does not cure the breach, MISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. In the event that Agency substantially defaults in the performance of any obligations under this Agreement for a second time, MISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. Failure to comply with any part of this Agreement shall be considered a substantial default.
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Termination on Notice of Default. In the event that Agency substantially defaults in the performance of any obligations under this Agreement, PISD shall give immediate written notice to Agency, informing Agency of Agency’s breach and of PISD’s intent to terminate. If, within two (2) business days, Agency does not cure the breach, PISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. In the event that Agency substantially defaults in the performance of any obligations under this Agreement for a second time, PISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. Failure to comply with Clauses A.4 or A.6 or any Sub-clause under Section B of this Agreement shall be considered a substantial default.
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Termination on Notice of Default. In the event that Agency substantially defaults in the performance of any obligations under this Agreement, KISD shall give immediate written notice to Agency, informing Agency of Agency's breach and of KISD's intent to terminate. If, within two (2) business days, Agency does not cure the breach, KISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. In the event that Agency substantially defaults in the performance of any obligations under this Agreement for a second time, KISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. Failure to comply with Clauses A.4 or A.6 or any sub clause under Section B of this Agreement shall be considered a substantial default.
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Termination on Notice of Default. In the event that Agency substantially defaults in the performance of any obligations under this Agreement, NBISD shall give immediate written notice to Agency, informing Agency of Agency’s breach and of NBISD’s intent to terminate. If, within two (2) business days, Agency does not cure the breach, NBISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. In the event that Agency substantially defaults in the performance of any obligations under this Agreement for a second time, NBISD shall have the right to immediately terminate this Agreement at the end of the occurring semester.
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Termination on Notice of Default. In the event either party shall give written notice to other that such other party has substantially defaulted in the performance of any obligations under this Agreement and such default shall not have been cured within thirty (30) days following the giving of such notice, this Agreement shall terminate on the future date specified in such notice, provided, however, Such date shall not be less than one-hundred fifty (150) days from the date of delivery of such notice of default. Survival - Notwithstanding anything to contrary in this Agreement, the obligations of ROADRUNNER for any loss of or damage to WEINER'S goods pursuant to Section III of this Agreement and the obligations of ROADRUNNER pursuant to the indemnity contained in Section III of this Agreement shall survive any expiration or termination of this Agreement.
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Related to Termination on Notice of Default

  • Notice of Default, etc Promptly after the Borrower knows that any Default or any Material Adverse Effect has occurred, a notice of such Default or Material Adverse Effect, describing the same in reasonable detail and the action the Borrower proposes to take with respect thereto.

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

  • Notification of default (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • Notice of Defaults If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.

  • Notice of Defaults and Events of Default As soon as possible and in any event within ten (10) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto;

  • Notice of Default The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

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