Where a Project Default is Sample Clauses

Where a Project Default is. 18.6.1 an occurrence specified in Condition 18.2.5, 18.2.7 or 18.2.11 the GLA shall be entitled forthwith and without any liability to the Grant Recipient but without determining the whole of this Agreement to terminate the Agreement in so far as it relates to the Named Project to which the Project Default relates;
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Where a Project Default is. 16.6.1 an occurrence specified in Condition 16.2.5, 16.2.6 or 16.2.10 the GLA shall be entitled forthwith and without any liability to the Grant Recipient but without determining the whole of this Agreement to terminate the Agreement in so far as it relates to the Named Project to which the Project Default relates; 16.6.2 an occurrence specified in Condition 16.2.1, 16.2.2, 16.2.3, 16.2.4, 16.2.7, 16.2.8, 16.2.9 or 16.2.11 the GLA may serve notice on the Grant Recipient requiring the Grant Recipient to remedy the breach and if within a period of thirty (30) Business Days following service of such notice: (a) the breach has not been remedied or is not capable of remedy; (b) the Grant Recipient has not given an undertaking to remedy the breach on terms satisfactory to the GLA where it has been permitted to do so by the GLA; or (c) if it becomes apparent that the Project Default is incapable of remedy either within such period or at all the GLA shall be entitled on giving not less than ten (10) Business Days' notice and without any liability to the Grant Recipient but without determining the whole of this Agreement to terminate the Agreement insofar as it relates to the Named Project to which the Project Default relates.

Related to Where a Project Default is

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

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