Owner Default has the meaning set forth in Section 16.5.

Owner Default has the meaning provided in Section 14.3.

Owner Default shall have the meaning set forth in Section 9.1. “Party” shall mean each of Utility and Owner.

Examples of Owner Default in a sentence

Without limiting the generality of the foregoing, the entry of a final, non-appealable judgment against Owner providing for the forfeiture of all or substantially all of the Complex Site or the Project Improvements, shall, at the election of a City Party (which election must be made within forty-five (45) days following entry of such judgment), constitute an immediate Owner Default.
If Owner exercises its right to pay the Purchase Price pursuant to option (ii), the Note shall be due and payable in full to MEDC thirty (30) days following the earlier of (x) Owner’s receipt of a Temporary Certificate of Occupancy (“TCO”) or (y) the occurrence of an Owner Default.
Without limitation of the other termination rights expressly provided to the applicable parties hereunder, there shall be no right to terminate upon the occurrence of either an Owner Default set forth in Sections 23.1.1(b)-(e), or a City Party Default except as set forth in Section 23.2.2(a).

More Definitions of Owner Default

Owner Default has the meaning provided in Section 14.2. “Owner Delay” has the meaning provided in Section 4.4.1. “Owner Security” has the meaning provided in Section 16.1.

Owner Default is defined in Section 11.2.

Owner Default shall have the meaning ascribed to it in Section 17.02 of this Agreement.

Owner Default shall occur if the Owner shall default in performing any duty or obligation to be performed by the Owner under this Agreement and such default shall not be remedied within (a) ten (10) calendar days after written notice of such default shall have been given by the Developer to the Owner describing the default in reasonable detail, or (b) in the case of any such default which is capable of being cured, but which cannot with due diligence and in good faith be cured within ten (10) calendar days, within such additional period as may be reasonably required to cure such default with due diligence and in good faith, but not in excess of sixty (60) calendar days from the date of such notice provided that the Owner has commenced the cure at the beginning of the ten (10) calendar day cure period.

Owner Default. As defined in Section 13.03.

Owner Default is defined in Section 4.1(b).

Owner Default means the failure or delay of Owner or its representatives, agents, subcontractors or suppliers (other than Contractor and its Subcontractors and their agents and employees) to meet Owner’s material obligations under this Contract, including the obligations identified in Section 3.1.