Common use of Your default Clause in Contracts

Your default. 65.1 If you default at any time in the observance or performance of your obligations under this Agreement we may, without prejudice to any of our rights, powers or remedies, at your cost, pay money and do things in our opinion reasonably necessary for the performance of your obligations. (a) We will consult you before paying such money or doing such things. (b) You will immediately pay us all money we paid and the costs of us doing such things. Until we receive such payment, the money we paid and costs we incurred shall be treated as an advance by us and you will pay interest on that advance at the Default Interest Rate. 65.2 Alternatively, upon such default, we may terminate this Agreement in accordance with clauses 70.1(b) and 70.2.

Appears in 2 contracts

Samples: Occupation Right Agreement, Occupation Right Agreement

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Your default. 65.1 β€Œ 61.1 If you default at any time in the observance or performance of your obligations under this Agreement we may, without prejudice to any of our rights, powers or remedies, at your cost, pay money and do things in our opinion reasonably necessary for the performance of your obligations. (a) We will consult you before paying such money or doing such things. (b) You will immediately pay us all money we paid and the costs of us doing such things. Until we receive such payment, the money we paid and costs we incurred shall be treated as an advance by us and you will pay interest on that advance at the Default Interest Rate. 65.2 61.2 Alternatively, upon such default, we may terminate this Agreement in accordance with clauses 70.1(b66.1(b) and 70.2.66.2.β€Œ

Appears in 1 contract

Samples: Occupation Right Agreement

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Your default. 65.1 59.1 If you default at any time in the observance or performance of your obligations under this Agreement we may, without prejudice to any of our rights, powers or remedies, at your cost, pay money and do things in our opinion reasonably necessary for the performance of your obligations.: (a) We we will consult you before paying such money or doing such things.; and (b) You you will immediately pay us all money we paid and the costs of us doing such things. Until we receive such payment, the money we paid and costs we incurred shall be treated as an advance by us and you will pay interest on that advance at the Default Interest Rate. 65.2 59.2 Alternatively, upon such default, we may terminate this Agreement in accordance with clauses 70.1(b64.1(b) and 70.264.2.

Appears in 1 contract

Samples: Occupation Right Agreement

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