Common use of Where a Project Default is Clause in Contracts

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.

Appears in 3 contracts

Samples: Right to Buy Ringfence Agreement, Right to Buy Ringfence Agreement, Right to Buy Ringfence Agreement

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Where a Project Default is. 16.6.1 18.6.1 an occurrence specified in Condition 16.2.518.2.5, 16.2.6 18.2.7 or 16.2.10 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; 16.6.2 18.6.2 an occurrence specified in Condition 16.2.118.2.1, 16.2.218.2.2, 16.2.318.2.3, 16.2.418.2.4, 16.2.718.2.8, 16.2.818.2.9, 16.2.9 18.2.10 or 16.2.11 18.2.12 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.

Appears in 1 contract

Samples: Grant Agreement

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