Developer Event of Default definition

Developer Event of Default has the meaning set forth in Section 7.4.

Developer Event of Default means any event of default by Borrower under the School Unit Purchase Agreement following any required notice to Borrower and following the expiration of any applicable cure periods specified therein.

Developer Event of Default is defined in Section 8.4.

Examples of Developer Event of Default in a sentence

• Event of Default means either Developer Event of Default or the Authority Event of Default or both as the context may admit or require.

• If the Purchase Option arises out of a Developer Event of Default, the Purchase Price shall be the Appraised Value.

• Termination or non-termination of this Agreement upon a Developer Event of Default shall not prevent the City from suing the Developer for specific performance, damages, actual damages, excluding punitive, special and consequential damages, injunctive relief or other available remedies with respect to obligations that expressly survive termination.

• Upon a Developer Event of Default, in addition to all remedies available at law and/or equity, the City shall have the right to terminate this Agreement, by providing written notice to Developer, in which event the parties shall be released from all further obligations under this Agreement, and the City shall be relieved from any and all obligations to reimburse Developer for any amounts whatsoever.

• Termination or non-termination of this Reimbursement Agreement upon a Developer Event of Default shall not prevent the City from suing the Developer for specific performance, actual damages, excluding punitive, special and consequential damages, injunctive relief or other available remedies with respect to obligations that expressly survive termination.

More Definitions of Developer Event of Default

Developer Event of Default means any event or occurrence defined in Section 9.01 of this Agreement.

Developer Event of Default means a default in the performance of any obligation or breach of any covenant or agreement of the Developer 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 Section), and continuance of such default or breach for a period of 30 days after City has delivered to 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 Developer is diligently attempting to remedy such default or breach, such default or breach shall not constitute an event of default if the Developer 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.

Developer Event of Default has the meaning set forth in Section 10.2.

Developer Event of Default shall have the meaning ascribed to the term in Clause24.1;

Developer Event of Default means any event or occurrence defined in Section 8.01 of this Agreement.

Developer Event of Default shall have the meaning ascribed to in the Concession Agreement;

Developer Event of Default has the meaning given in Section 9.4 below.