Examples of Client Default in a sentence
The Client shall reimburse and hold IBIE harmless for all actions, omissions, costs, fees (including, but not limited to, attorneys' fees), or liabilities associated with any Client Default or any transaction undertaken by IBIE upon Default.
For the avoidance of doubt, in the case of an FCM Client Default, the Clearing House will not require that the Defaulting FCM Client provide its consent to the requested transfer in order for the Clearing House effect a transfer requested by the FCM Clearing Member pursuant to Regulation 13(d)(i).
From the date of receipt of the Client Default Notice, BC Housing will have 15 calendar days to provide the Development Consultant with a Step-In Notice.
Any failure on the part of Client to timely comply with any of its obligations and commitments under the Government Contract, or under this Addendum, or any material breach of Client’s additional representations, warranties and obligations as provided in Section 2.05 above, shall result in a Client Default under Section 29 of the Agreement.
Security Trustee, for itself and in its capacity as agent for the Secured Parties, undertakes that provided no Client Default has occurred and is continuing and Client is in compliance with its obligations under this Agreement, Security Trustee shall, for the duration of the Drilling Contract and any extension thereof permitted by the Drilling Contract, allow Client to receive services from the Vessel in accordance with the terms and conditions of the Drilling Contract.