City Default definition

City Default as the meaning set forth in Section 12.1.2.

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

• City shall have thirty (30) days from the date of such notice to either cure such City Default, or, if such City Default cannot be reasonably cured during such thirty (30) day period, to commence to cure within said thirty (30) day period and diligently prosecute such cure to completion thereafter.

• If the City Default can be cured, City shall have at least 90 days after the date of such notice to cure such Default, or in the event that such City Default cannot be cured within such 90 days period but can be cured within one year, City shall have commenced all actions necessary to cure such Default and shall be diligently proceeding to complete all such actions necessary to cure such Default within 90 days from the date of notice.

• If the SUMC Parties contend that the City Default cannot be cured or cannot be cured within one year, or if City fails to cure within the applicable cure period as provided in this Section 13, the SUMC Parties shall give notice to City of its contentions before pursuing the remedies described in Section 14.

• In the event of an asserted City Default, Contractor shall continue to perform all of its obligations hereunder until a court of competent jurisdiction has issued a final judgment declaring that City is in Default.

• Neither the occurrence of a City Default nor the institution of any proceeding or the exercise of any remedy upon the occurrence of a City Default shall negate or diminish the obligations of the Property Owner hereunder to pay the installments of the Special Assessment and interest accrued on the Special Assessment Roll and all other costs hereunder when the same shall become due and payable.

More Definitions of City Default

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 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 is defined in Section 11.4.

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

City Default shall have the meaning given to such term in Section 19.4.