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.
Network Rail may serve a Suspension Notice where a Freight Customer Event of Default has occurred and is continuing.
The soil treatment and dispersal system must be protected from erosion and excessive frost until a vegetative cover is established.
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.
The Broker may also disclose such information to Cloud Provider(s) as set out in this CPA, for example if such information has relevance to Broker’s notification to Cloud Provider(s) of a Customer Event of Default.
If ILPI is unable to remedy a Customer Event of Default within ninety (90) days after receipt of a Notice of Customer Default, PSPEI may terminate the PSA and ILPI shall be liable to pay a termination fee (defined in the PSA as "Termination Payment") equivalent to seventy-five percent (75%) of the net present value of the adjusted Capital Recovery Fees multiplied by the Contracted Capacity for the remaining term of the PSA had it not been terminated.
A Suspension Notice served under paragraph 2.3 in respect of any of the Freight Customer Events of Default specified in paragraphs (a) and (c) to (f) (inclusive) of paragraph 1.1 shall, so far as reasonably practicable, apply only to the: railway vehicles; Services; and categories of train movements or railway vehicles, or parts or part of them, to which the relevant Freight Customer Event of Default relates.
This Service Agreement will be terminated automatically, unless the Parties mutually agree otherwise, upon termination of the TSA for any reason other than a Customer Event of Default (as defined in the TSA).
Notwithstanding the foregoing, if a Host Customer Event of Default has occurred or is ongoing under Article 12 of this Agreement, then System Owner shall retain title to and utilize the Output generated after such Host Customer Event of Default, in accordance with the remedies set forth in this Agreement.
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.