City Default definition

City Default as the meaning set forth in Section 12.1.2.

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City Default has the meaning ascribed thereto in Section 16.2(a).

City Default refers to a Default by City, while “Developer Default” refers to a Default by the Developer.

Examples of City Default in a sentence

Upon the occurrence of a City Default, the Company shall have the right to terminate this Agreement by written notice to the City, in which event the Company shall have no further obligations under this Agreement.
With respect to a City Default described in Section 19.5(A), the Redeveloper shall be entitled to recover from the City 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.
No City elected or appointed official, board member, commission, officer, employee, attorney, agent, volunteer or their respective successors, and assigns shall be personally liable to Developer, or any successor or interest, in the event of a City Default.
Upon the occurrence of a City Default, the Company has the right to bring any action to recover any amounts owed to it under this Agreement plus interest from the date due at the agreed amount.

More Definitions of City Default

City Default has the meaning set forth in Section 11.3.

City Default is defined in Section 11.7.

City Default shall be deemed to have occurred if the City fails to cure any breach of any provision of the Agreement, or any portion thereof, within thirty (30) calendar days of User’s delivery of a Default Notice to the City; provided, that, if any such breach cannot reasonably be cured within said thirty (30) calendar day period, then the City shall not be in Default if the City promptly commences cure and thereafter diligently pursues cure to completion and completes the cure within sixty (60) calendar days of receiving the Default Notice (or within such longer period of time permitted by User in writing in User’s sole discretion).

City Default shall have the meaning set forth in Article IX, Section 2 of this Agreement.

City Default has the meaning given to that term in Section 10.3 hereof.

City Default means an event of default by the City as more particularly set forth in Section 14.1(B).

City Default means an event of default by the City as more particularly set forth in Section 8.2 of this Agreement.