Payment Breach means the failure of Borrower to pay to Lender on any Payment Date the amount due and owing on such Payment Date pursuant to this Agreement.
Payment Breach is defined in Section 1.5(b).
Payment Breach means a 395 Concessionaire Breach that arises pursuant to Section 19.06(c) of the Second ARCA that has not been cured within a period of thirty (30) days of the Concessionaire receiving written notice from the Department of such 395 Concessionaire Breach.
Examples of Payment Breach in a sentence
GMS may terminate this Agreement immediately upon notice to Client if GMS terminates one or more Statements of Work for Payment Breach as provided below in Section 3.3.2.
A party that fails to cure a material breach, including a Payment Breach, during the Cure Period or Payment Breach Cure Period, as applicable, will be in default of this Agreement and/or the applicable SOW.
More Definitions of Payment Breach
Payment Breach means a Xxxx Ex Concessionaire Breach that arises pursuant to Section 19.09(c) of the Second ARCA that has not been cured within a period of thirty (30) days of the Concessionaire receiving written notice from the Department of such Xxxx Ex Concessionaire Breach.
Payment Breach shall have the meaning provided in Section 9.2(a).
Payment Breach has the meaning given such term in Section 15.3.1.
Payment Breach is defined in Section 1.04(d).
Payment Breach means the failure of Mezzanine Borrower to pay to Mezzanine Lender on any Payment Date the amount due and owing on such Payment Date pursuant to this Agreement.
Payment Breach means Licensee’s failure for any reason to pay Licensor any or all money owed, when and as due. In respect of any breach other than a Payment Breach, any right to terminate under this Section 9.2(a) shall be stayed and the cure period tolled in the event that, during any cure period, the Party alleged to have been in material breach shall have initiated and be diligently pursuing dispute resolution in accordance with Article 11 with respect to the alleged breach, which stay and tolling shall continue until such dispute has been resolved in accordance with Article 11.
Payment Breach has the meaning set forth in Section 10.1(e).