Willful Default. Claims for damages caused by the Willful Default of Prime Consultant, General Contractor, Vendor, subcontractors, or subconsultants;
Willful Default. In the case of an Event of Default occurring by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Company with the intention of avoiding payment of the premium that the Company would have had to pay if the Company then had elected to redeem the Notes under the provisions of Article 3 and under the Notes, an equivalent premium shall also become and be immediately due and payable, to the extent permitted by law, upon the acceleration of the Notes. If an Event of Default occurs prior to November 1, 2003 by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Company with the intention of avoiding the prohibition on redemption of the Notes prior to November 1, 2003, then, upon acceleration of the Notes, an additional premium shall also become and be immediately due and payable, to the extent permitted by law, in an amount equal to 10.0%.
Willful Default. If the Borrower is a willful defaulter to IREDA and/ or other Institutions/Banks from whom it has taken loans.
Willful Default. The Escrow Agent shall not be responsible for any act or failure to act on its part, including misdelivery to Buyer of Seller of monies subject to this escrow, except in the case of its own willful default or gross negligence. The Escrow Agent shall be automatically released from all responsibility and liability under this Agreement upon the Escrow Agent’s delivery or deposit of the Escrow Money and accrued interest thereon in accordance with the requirements of this Agreement.
Willful Default. In the case of an Event of Default occurring by reason of any willful action (or inaction) taken (or not taken) by or on behalf of Parent with the intention of avoiding payment of the premium that Parent would have had to pay if Parent then had elected to redeem the Exchange Debentures under the provisions of Article 3 and under the Exchange Debentures, an equivalent premium shall also become and be immediately due and payable, to the extent permitted by law, upon the acceleration of the Exchange Debentures.
Willful Default. 59 Section 9. Agents.........................................................................................60
Willful Default. In the case of an Event of Default occurring after the Conversion Date by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Company with the intention of avoiding payment of the premium that the Company would have had to pay if the Company then had elected to prepay the Term Loan under the provisions of Section 2.05(a)(ii)(1), an equivalent premium shall also become and be immediately due and payable, to the extent permitted by law, upon the acceleration of the Term Loan. If an Event of Default occurs prior to September 23, 2003 by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Company with the intention of avoiding the prohibition on prepayment of the Term Loan prior to September 23, 2003, then, upon acceleration of the Term Loan, an additional premium shall also become and be immediately due and payable, to the extent permitted by law, in an amount equal to 10.0%.
Willful Default. 63 ARTICLE IX COVENANTS ............................................. 63 9.1 Cooperation .................................................. 63
Willful Default. The exclusions and limitations of rights and remedies pursuant to this Article VIII shall not apply in cases of willful deceit (arglistige Tauschung) or in cases of willful misconduct (Vorsatz). If any claim is made against a Shareholder, such Shareholder shall not bring a corresponding reimbursement claim against any Company or any director or employee of any Company on the basis that he had relied on any confirmation or information provided by them before agreeing to any terms of this Agreement; provided that the foregoing shall not apply in cases of, willful deceit or willful misconduct by the relevant Company or director or employee of the relevant Company.
