Examples of Customer Event of Default in a sentence
The Freight Customer shall notify Network Rail promptly on becoming aware of the occurrence of a Freight Customer Event of Default.
If Customer fails to return the CPE within the above time period, then such failure shall constitute a Customer Event of Default hereunder and Cause under the Master Terms.
Network Rail may serve a Suspension Notice where a Freight Customer Event of Default has occurred and is continuing.
A&M System will receive quarterly reporting as verification of performance payments paid by BPMN pharmacy providers.
The Monthly Services Fee shall be adjusted for any period in which GEM is providing Continuation Assistance after a Customer Event of Default or a Section 2.5(g) Termination notice by GEM as follows: (i) For the month beginning with the date which is [1] month after a Customer Event of Default or a Section 2.5(g) Termination notice by GEM, the Monthly Fee will be increased by 100% of the monthly services fee.
In the event Continuation Services are provided following a Customer Event of Default or a Section 2.5(g) termination, the Monthly Services Fee payable by Customer shall escalate in accordance with the payment schedule in Exhibit C hereof.
Network Rail may serve a Termination Notice on the Freight Customer where: the Freight Customer fails to comply with any material restriction in a Suspension Notice; the Freight Customer fails to comply with its obligations under paragraph 2.5.3; [Not used]; or the Freight Customer Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.
If there is an alleged Customer Event of Default as provided above, then CUSTOMER shall have an opportunity to cure such Customer Event of Default as provided for herein.
A Customer Event of Default or a default under a related agreement or obligation (as described in Article 17) by Customer shall void the Option, notwithstanding that Customer may have given notice of its intent to exercise the Option before such Customer Event of Default or a default under a related agreement or obligation.
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