VENDOR DEFAULT. 7.1 The following shall be considered a vendor default under this Contract.
VENDOR DEFAULT. 17.1 If a Vendor does not comply with the User Agreement and Sale Terms, the Vendor Terms and Conditions (if applicable), or the Contract of Sale, the Purchaser will notify AuctionsPlus and the Selling Agent within 48 hours of the Auction or on becoming aware.
VENDOR DEFAULT. If any of the Vendors, for reasons other than the conditions set forth in clause 2.2 not being fulfilled, fail to close the sale on the Closing Date in accordance with their obligations under clause 6, the Purchaser may:
VENDOR DEFAULT. If the Vendor does not attend at the place of closing at the Time of Closing, or fails for any reason whatsoever to produce and deliver to the Purchaser the certificates representing the Purchased Shares duly endorsed in blank for transfer (or, if the Depositary holds such certificates pursuant to Article 9, an acknowledgement that the Depositary holds such certificates for the Purchaser) at or prior to the time payment of the Purchase Price therefor is required to be made, then the Purchase Price shall be deposited at the time otherwise provided for its payment into a special account in the name of the Vendor at the branch of the principal Canadian chartered bank (the "Bank") primarily utilized by the Corporation. Such deposit shall constitute valid and effective payment to the Vendor of the Purchase Price and shall result in title to the Purchased Shares passing to the Purchaser, even if the Vendor has voluntarily sold or pledged any of the Purchased Shares, and notwithstanding that certificates representing any of the Purchased Shares may have been delivered to an authorized pledgee, a transferee or other person. If any of the Purchased Shares have been pledged to an authorized pledgee to secure obligations or indebtedness of the Vendor, the Purchaser may, at its option, in lieu of depositing the Purchase Price as aforesaid, pay all or any part of the Purchase Price to the authorized pledgee to the extent required to discharge such obligations or indebtedness and receive the certificates representing the Purchased Shares from the authorized pledgee and deposit the remainder, if any, of the Purchase Price as aforesaid.
VENDOR DEFAULT. The occurrence of any one or more of the following matters constitutes a default by the Vendor under this contract (a “Vendor Default”):
VENDOR DEFAULT. If any of the Vendors defaults in any material respect in the performance of any of their obligations under this agreement prior to or on the Completion Date, the Purchaser may, in the case of a default which is capable of remedy, after giving to the Vendors not less than 10 Business Days' written notice of such default requiring the Vendors to remedy the default and the default not having been remedied within that period or, in the case of a default not capable of remedy, immediately, exercise all or any of the following, without prejudice to any other rights which the Purchaser may have (including any rights under clause 8.3):
VENDOR DEFAULT. Customer may terminate this agreement and the license granted hereunder in the event of a breach by Vendor of any of Vendor's warranties or a breach by Vendor of any other term or condition of this agreement, unless Vendor shall have cured the breach within twenty (20) days after notice of such breach given by Customer to Vendor. CUSTOMER: VENDOR: NORTH VALLEY BANCORP INFORMATION TECHNOLOGY, INC. By: /s/ JACK RICHTER By: /s/ TIMOTHY D. CONZEMIUS ----------------------------- -------------------------------- Name: Jack Richter Name: Timothy D. Conzemius ----------------------------- -------------------------------- Title: EVP / COO Title: Vice President & CFO ----------------------------- -------------------------------- Address: 836 East Cypress Road Address: 1345 Old Cheney Road Xxxxxxx, XX 06002 Xxxxxxx, XX 68512 Date: 6/17/02 Datx Xxxxxxxx: Xxxx 18, 2002 ----------------------------- ----------------------
VENDOR DEFAULT. In the event that Vendor should terminate this agreement and fail or refuse to provide support and maintenance for the application while Vendor offers such service to any of its customers or Vendor shall fail and/or refuse to offer support and maintenance services for the application to Agency whether for reasons of bankruptcy, receivership, termination of business or for any other reason, Agency shall be entitled to receive and use the source code and documentation for the application. This provision shall not apply in the event the current product becomes outdated, and Vendor develops a replacement product with superior technology.
