Licensor Default definition

Licensor Default has the meaning set forth in Section 18.01.
Sample 1Sample 2Sample 3
Licensor Default shall occur if Licensor defaults in the performance of any of its obligations hereunder and such default is not cured within fifteen (15) calendar days after receipt from Licensee of written notice of such default; provided that if: (i) such default cannot be cured with reasonable diligence during such fifteen (15) calendar day period; and (ii) Licensor takes reasonable steps during such fifteen (15) calendar days to cure of such default, then such default shall not constitute a Licensor Default.
Sample 1Sample 2
Licensor Default means the occurrence of either or both of the following events: (a) failure by Licensor at any time to pay, when due, any sums payable by Licensor hereunder within ten (10) days after notice of such failure is given to Licensor by Licensee and (b) failure by Licensor to observe or perform any other covenant, agreement, condition or provision of this Agreement or any License, if such failure shall continue for more than thirty (30) days after notice of such failure is given to Licensor by Licensee, provided that there shall not be a Licensor Default under this clause (b) with respect to matters that cannot be reasonably cured within such 30 day period so long as within such 30 day period Licensor has commenced such cure and diligently proceeds in a reasonable manner thereafter to complete the same. Notice Address - as defined in the Schedules. Past Due Rate - as defined in Section 6.4.
Sample 1

Examples of Licensor Default in a sentence

  • Licensee shall have the right to terminate this Agreement (without prejudice to any rights which it may have either under the provisions herein or otherwise), upon a Licensor Default.

  • To be included in the updated flood plan.Information noted.Action: Cllr Nicholls to include in an updated Flood Plan when possible.

  • If subsequent to the foregoing requisite periods of time, there continues to be an event of Licensor Default or Licensee Default, the non-defaulting party may, upon thirty (30) Days written notice to the other party, terminate this Agreement with respect to the applicable License and institute any other proceedings at law or in equity to recover damages from the other party.

  • If any Licensor Default occurs, the Licensee shall have the right, at the Licensee’s election, to exercise any one or more of the remedies described below.

  • Licensor hereby indemnifies and agrees to hold harmless Licensee from and against any and all loss, damage, cost, expense or liability to the extent it arises or results from the negligence or willful misconduct of Licensor in connection with Licensor Poles and Licensor Anchor Rods or otherwise from any Licensor Default (as hereafter defined).

  • If a Licensor Default occurs, Licensee may resort to any rights and remedies to which it is entitled under this Agreement, at law or in equity, including the right to seek specific performance.

  • Compact micro strip multiband band pass filter is designed by using symmetric U- shape triangular stepped impedance resonator for wireless application.

  • Notwithstanding the foregoing, there shall be no Grace Period applicable to a Licensor Default based upon a breach of a representation or warranty of Licensor.

  • The following (unless arising as a result of a Force Majeure Event or Change in Law which results in consequences set out in 12.3 (a) or a Licensor Default) shall constitute Licensee Events of Default.

  • The Parties hereby waive any and all rights to consequential, punitive or exemplary damages for a Licensee Default or a Licensor Default, as the case may be.


More Definitions of Licensor Default

Licensor Default shall have the meaning given to such term in Section 12.1 (b) of this Agreement.
Sample 1
Licensor Default means, collectively or individually, (i) any material breach by Licensor of any representation, covenant, warranty, or term of this Agreement that is not cured (if able to be cured) within sixty (60) consecutive days after the date of such Termination Notice; and (ii) upon six months prior written notice to Licensor in accordance with Section 14.9.
Sample 1
Licensor Default shall have the meaning set forth in Section 20.3.
Sample 1
Licensor Default means the occurrence of any of the following events: (a) failure by Licensor at any time to pay, when due, any sums payable by Licensor hereunder within the cure period set forth in Section 12.2 and (b) failure by Licensor to observe or perform any other covenant, agreement, condition or provision of this Agreement or any License, subject to the cure periods in accordance with Section 12.2 and (c) if Licensor files a petition in bankruptcy or for reorganization or any other similar act by or against Licensor under any bankruptcy or insolvency law (and, in the case of any involuntary filing, if such filing is not vacated or removed within sixty (60) days).
Sample 1
Licensor Default means Licensor’s failure to perform or observe any of its obligations under this License after a period of thirty (30) days (or the additional time, if any, that is reasonably necessary to promptly and diligently cure the failure) after receiving notice from Licensee setting forth in reasonable detail the nature and extent of such failure. If Licensor commits a Licensor Default, Licensee, as its sole and exclusive remedies may enforce specific performance by Licensor of the terms of this License and xxxxx any and all rent payments owed to Licensor until the date that such Licensor Default is cured by Licensor (at which time Licensee shall resume making rental payments owed for the period after the date of cure) or terminate this License upon written notice to Licensor after the expiration of any applicable cure period.
Sample 1

Related to Licensor Default

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Minor Default means any Event of Default that is not a Major Default.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Customer Default has the meaning set out in clause 8.3.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • 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.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

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

  • Landlord Default shall have the meaning given such term in Article 14.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Event of Default has the meaning specified in Section 8.01.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Default means any event which is, or after notice or passage of time or both would be, an Event of Default.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • 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);

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

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Servicer Default means an event specified in Section 8.01.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

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

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.