Termination upon occurrence of Financial Default Sample Clauses

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 of the Concession Agreement.
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Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders/Xxxxxxx’ Representative may by a notice in writing require the Concessioning Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Concessioning Authority shall terminate the Concession in accordance with the Concession Agreement.
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Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders’ Representative may by a notice in writing require the Railway Administration to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Railway Administration shall undertake Termination under and in accordance with the provisions of the Concession Agreement.
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Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the AMC to terminate the Concession Agreement forthwith, and upon receipt of such notice, the AMC shall undertake Termination under and in accordance with the provisions of Article 12 of the Concession Agreement.
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Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders’ Representative may by a notice in writing require the Employer to terminate the Project Development and Implementation Agreement forthwith, and upon receipt of such notice, the Employer shall undertake Termination under and in accordance with the provisions of Article 20 of the Project Development and Implementation Agreement.
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Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders’ Representative may by a notice in writing require the Authority of NMC to terminate the Contract Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 22 of the Contract Agreement.
Sample 1
Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 37 of the Concession Agreement. Termination when no Nominated Company is selected In the event that no Nominated Company acceptable to the Authority is selected and recommended by the Lenders’ Representative within the period of 180 (one hundred and eighty) days or any extension thereof as set forth in Clause 3.3.2, the Authority may terminate the Concession Agreement forthwith in accordance with the provisions thereof.
Sample 1
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Related to Termination upon occurrence of Financial Default

  • Termination Upon Default Either Party may terminate this Agreement in whole or in part in the event of a default by the other Party; provided however, that the non-defaulting Party notifies the defaulting party in writing of the alleged default and that the defaulting Party does not cure the alleged default within sixty (60) calendar days of receipt of written notice thereof. Default is defined to include:

  • Termination Upon Notice Following thirty (30) days’ written notice, the State Entity may terminate the Contract in whole or in part without the payment of any penalty or incurring any further obligation to the Contractor. Following termination upon notice, the Contractor shall be entitled to compensation, upon submission of invoices and proper proof of claim, for goods and services provided under the Contract to the State Entity up to and including the date of termination.

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Termination for Default The County may, by written notice to the Contractor terminate this contract for default in whole or in part (delivery orders, if applicable) if the Contractor fails to:

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