Acts of Default definition

Acts of Default. Employee shall have refused to perform any of his obligations set forth herein in any material respect or Employee shall have taken any action which causes material harm to the Corporation or its operations, and Employee shall have failed to cure such failure or action within five (5) days after receiving written notice thereof from the Board of Directors or the Chairman of the Board;
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Acts of Default means: (i) A willful breach by the Executive in any material respect of any of his obligations set forth in this Agreement; provided, however, that the Company shall first have informed the Executive in writing, and in reasonable detail, as to the manner in which the Executive has breached his obligations hereunder and the Executive, within a reasonable period of time thereafter, shall have failed to cure such failure or breach; or (ii) the conviction of the Executive of a crime constituting a felony; or (iii) the commission by the Executive of any material act of dishonesty or breach of trust against the Company, its parents, subsidiaries and/or affiliates.
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Acts of Default. The following constitute defaults by the user: Failure to pay fees or other charges when due under this agreement Giving false information on any applications to the campground User, user’s guests and/or other occupants fail to comply with any rule, regulation or term, covenant or condition of this agreement. User has breached the terms of this agreement by any action including but not limited to violating the provisions of this agreement, committing serious misconduct or criminal acts. User holds over after given notice to vacate or does not surrender the site peacefully. User holds over after the end of the term of this agreement.
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Examples of Acts of Default in a sentence

  • The Electric Deposit shall be refunded to Guest upon termination or expiration of this Agreement provided ▇▇▇▇▇ has not committed any Acts of Default (as defined below) and has fulfilled all other provisions of the Agreement, including the covenant to occupy the RV Site, pay fees and other charges due for the full term of the Agreement.

  • In the event that any of The Acts of Default in Sections 13.01(a)-(h) occur, Tenant shall be in default of this lease.

  • In the event that any of the Acts of Default in Sections 13.0l(a)-(h) occur, Tenant shall be in default of this Lease.

  • INSOLVENCY OR BANKRUPTCY 23 19.1 Acts of Default 23 19.2 Rights and Obligations Under the Bankruptcy Code 24 20.

  • The failure of Pretzel Time to terminate this Agreement upon the occurrence of one or more Acts of Default will not constitute a waiver or otherwise affect the right of Pretzel Time to terminate this Franchise because of a continuing or subsequent failure to cure one or more of the aforesaid events of default or any other default.


More Definitions of Acts of Default

Acts of Default. Employee shall have refused to perform any of his obligations set forth herein in any material respect or Employee shall have taken any action which causes material harm to the Corporation or its operations, and Employee shall have failed to cure such failure or action within five (5) days after receiving written notice thereof from the CEO; (ii) Employee shall have committed an act of fraud, theft or dishonesty against, or shall breach fiduciary obligation to, the Corporation and/or any of its subsidiary companies; or (iii) Employee shall be convicted of (or plead NOLO CONTENDERE to) any felony or any misdemeanor (whether or not involving the Corporation and/or any of its subsidiary companies) involving moral turpitude or which might, in the opinion of the Board of Directors, cause embarrassment to the Corporation and/or any of its subsidiary companies.
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