City Event of Default definition

City Event of Default has the meaning set forth in Section 7.02.

City Event of Default is defined in Section 8.3.

City Event of Default means any event or occurrence defined in Section 9.02 of this Agreement.

Examples of City Event of Default in a sentence

• The Developer may pursue any available remedy at law or in equity by suit, action, mandamus or other proceeding to enforce and compel the performance of the duties and obligations of the City as set forth in this Agreement, to enforce or preserve any other rights or interests of the Developer under this Agreement or otherwise existing at law or in equity and to recover any damages incurred by the Developer resulting from such City Event of Default.

• If termination is due to a City Event of Default or termination for the City’s convenience, the City shall pay to the Design-Builder within 60 days of the date of the Design-Builder’s invoice supported by Cost Substantiation all reasonable cost and expenses incurred by the Design-Builder in satisfying its obligations under the Contract.

• In the event that there shall be an alleged OSEG Event of Default or an alleged City Event of Default, the City or OSEG, as the case may be, shall not be entitled to exercise any remedies contained in this Agreement in the event that such OSEG Event of Default or City Event of Default is the subject matter of a Dispute Resolution Procedure, other than the right to seek interim injunctive relief.

• Where a City Event of Default has occurred, upon receipt by the Lenders’ Agent and Lenders of all amounts owing by the City to the Lenders’ Agent and Lenders under the Lenders’ Direct Agreement, the Account Trustee shall release all amounts in the Insurance Trust Account, the Insurance Policies and the Insurance Proceeds to Project Co or as Project Co may otherwise direct from time to time.

• In the event that this Agreement is terminated by OSEG pursuant to applicable Law as a result of a City Event of Default, OSEG shall be entitled to payment in accordance with the provisions of Schedule M (Termination Compensation Principles) to the Project Agreement.

More Definitions of City Event of Default

City Event of Default means the occurrence of any one or more of the following in respect of the City:

City Event of Default means any event or occurrence defined in Section 8.02 of this Agreement.

City Event of Default means as set forth in Section 29. C.

City Event of Default means default in the performance of any obligation or breach of any other covenant or agreement of the City in this Agreement (other than a covenant or agreement, a default in the performance or breach of which is specifically dealt with elsewhere in this Agreement), and continuance of such default or breach for a period of thirty (30) days after there has been given to the City by the Developer a written notice specifying such default or breach and requiring it to be remedied; provided, that if such default or breach cannot be fully remedied within such 30-day period, but can reasonably be expected to be fully remedied and the City is diligently attempting to remedy such default or breach, such default or breach shall not constitute an event of default if the City shall immediately upon receipt of such notice diligently attempt to remedy such default or breach and shall thereafter prosecute and complete the same with due diligence and dispatch. During any such cure period which extends beyond 30 days, the City shall provide regular written updates to the Developer regarding its efforts toward, and the status of, remedying such default or breach.

City Event of Default has the meaning ascribed thereto in Section 13.3;

City Event of Default means any event or circumstance specified in Section 5.3

City Event of Default means an event described as such in Section 12.3 hereof.