Entity Default definition

Entity Default means any condition or event which with the giving of notice or lapse of time or both would, unless cured or waived, become an Entity Event of Default.
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Entity Default. The following events shall be defaults with respect to Buying Entity (each, a "Buying Entity Default")
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Entity Default has the meaning set forth in Section 25.
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Examples of Entity Default in a sentence

  • The Department shall provide written notice to the Development Entity of the occurrence of a Development Entity Default.

  • In the event that a Development Entity Default occurs and it has not been cured within any relevant cure period set out in Section 22.3 (Initial Notice and Cure Periods) or (if relevant) in accordance with any remedial plan accepted by the Department pursuant to Section 22.4(a) (Remedial Plan), the Department may terminate this PPA in accordance with, and subject to the terms of, Section 24.5 (Termination for Development Entity Default).

  • Without limiting the foregoing, the Commonwealth shall have the right (at its own cost expense, unless a Development Entity Default shall have occurred and be continuing) to audit the Development Entity’s Project Management Plan and compliance therewith, including the right to inspect Project Services and/or activities and to verify the accuracy and adequacy of the Project Management Plan and other relevant Project Documents.

  • Provided, however, that the COUNTY shall give PARTICIPATING ENTITY a period of thirty (30) days after receipt of the written notice from the COUNTY of said default to cure any Participating Entity Default unless the COUNTY determines, in its sole and absolute discretion, that the nature of the default is such that it cannot be cured in a period of thirty (30) days from the date of the default.

  • If the PARTICIPATING ENTITY commences reasonable efforts to cure such default no later than thirty (30) days after such notice, and such efforts are prosecuted to completion and to the COUNTY’s satisfaction, then it shall be deemed that no Participating Entity Default shall have occurred under the provisions of this paragraph.

  • The city borders with:- Nam Sach district to the North.- Nam Sach, Thanh Ha and Kim Thanh districts to the East.- Tu Ky and Gia Loc districts to the South.- Cam Giang district to the West.2.1.2. Topolography and GeologyTopolographyHai Duong city is located in a flat, low-lying terrain, inclining from Northwest to Southeast, from elevation +2.0m to +2.40m and toward +1.5m – 1.0m, or even +0.5m to +0.8m.

  • In the event that a Development Entity Default occurs and it has not been cured within any relevant cure period set out in Section 22.5 (Initial Notice and Cure Periods) or (if relevant) in accordance with any remedial plan accepted by the Department pursuant to Section 22.6(a) (Remedial Plan), the Department may terminate this PPA in accordance with, and subject to the terms of, Section 24.5 (Termination for Development Entity Default).

  • The Department agrees that, subject to the Department’s remedies upon a Development Entity Default, the Development Entity shall, at all times during the Term, be entitled to and shall have the quiet possession and enjoyment of the Parking Facility and the rights and privileges granted to the Development Entity hereunder, subject to the provisions contained in this PPA.

  • So long as a Buying Entity Default shall not have occurred and be continuing, Buying Entity has the option to purchase the System by paying the SPD an amount equivalent to 90% of the Debt Due (“Purchase Price”).

  • Subject to there being no Buying Entity Default, the SPD shall provide 24 x 7 onsite / offsite monitoring and maintenance of the System throughout the period of this agreement at no additional cost.

Related to Entity Default

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.