Agency Default definition

Agency Default shall have the meaning set forth in Clause 18.1.1;
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Agency Default is defined in Section 12.4.
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Agency Default means a breach by the Agency of any of the Agency obligations under this Contract, which materially affects the performance of the Contract by the Contractor Annex means an annex to this FWC Article means an article of this FWC Authorization To Operate (ATO) Means the Authorization To Operate authorize the connection of a new accredited Galileo infrastructure and/or new release to the Galileo Operational (OPE) chain and its related operations. Pre-ATO Means the Pre Authorization To Operate which is based on the accreditation file (Security Risk Analysis and SSRS 3.9 SoC) built with evidences from infrastructure qualification and operations validation performed on the VAL system environment ( no activities performed in the operational (OPE) system. Background Intellectual Property Rights /Background IPR mean Intellectual property rights, including Third Parties’ IPR (including COTS and Open Source Software), obtained prior to the execution or developed outside, including during the term of this Contract by the Contractor, the Contractor Parties or a third party, and that is needed to a) perform the Contract b) operate, maintain, evolve the Solution, c) provide services through Solution. A “need” in the aforementioned sense is considered, if, without the relevant rights of access and/or the performance of the activities and/or the achievement of the objectives above listed would be technically or legally impossible, impaired or incomplete. Change means any alteration of the Contractual Baseline Change Proposal means the proposal by the Contractor to the Agency to implement a Change subject to a Change Request pursuant to Article 22.1.
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Examples of Agency Default in a sentence

  • Upon occurrence of an Agency Default, the Authority shall be entitled, without prejudice to its other rights and remedies under this Agreement including its rights of Termination hereunder, to (i) suspend all rights of the Agency under this Agreement including the Agency’s right to receive Payment for a specified period, and (ii) exercise such rights itself or authorise any other person to exercise the same on its behalf during such suspension (the “Suspension”).

  • If the termination is due to Agency Default, no Termination compensation shall be due or payable by the Authority to the Agency and the entire Performance Security would be forfeited.

  • In the event of an Agency Default, Vertical Developer shall have the right to institute an action for injunctive relief, including specific performance of this Agreement.

  • Upon occurrence of an Agency Default during the Term, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security as Damages/Liquidated Damages for such Agency Default.

  • Upon replenishment or furnishing of a fresh Performance Security, as the case may be, as aforesaid, the Agency shall be entitled to an additional Cure Period of 30 (thirty) days for remedying the Agency Default, and in the event of the Agency not curing its default within such Cure Period, the Authority shall be entitled to encash and appropriate such Performance Security as Damages/Liquidated Damages, and to terminate this Agreement in accordance with Article 18.1.

  • Promptly upon obtaining actual knowledge thereof, Lessee shall notify Lessor, the Agents and the Lessor Hedging Agreement Counterparties in writing of the existence of a Lease Default, Lease Event of Default, Construction Agency Default or Construction Agency Event of Default which notice shall describe the nature of such Lease Default, Lease Event of Default, Construction Agency Default or Construction Agency Event of Default, as applicable.

  • With respect to a Agency Default described in Section 19.7(A), the Redeveloper shall be entitled to recover from the Agency any and all actual damages, including reasonable attorneys’ fees incurred by the Redeveloper, arising out of or resulting from the breach of such representation or warranty.

  • CGM shall, without prejudice to its other rights and remedies hereunder, in law or equity, have the unqualified right to encash and appropriate the Performance Security in part or in full, in the event of a failure or default of the Agency to comply with its obligations laid down in this Agreement, including an Agency Default, the Agency’s failure to meet any Condition Precedent, or the Agency’s failure to pay any sums (including Damages) due hereunder.

  • Promptly upon obtaining actual knowledge thereof, the Lessee and/or the Construction Agent shall notify the Lessor and the Agents in writing of the existence of a Lease Default, Lease Event of Default, Construction Agency Default or Construction Agency Event of Default which notice shall describe the nature of such Lease Default, Lease Event of Default, Construction Agency Default or Construction Agency Event of Default, as applicable.

  • The Termination Notice must specify the type of Agency Default which has occurred entitling the Contractor to terminate.

Related to Agency Default

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);