Examples of Private Party Default in a sentence
In the absence of agreement within 5 (five) Business Days, the question of whether the Remedial Programme (as the same may have been amended by agreement) will remedy the Private Party Default in a reasonable manner and within a reasonable time period.
For the avoidance of doubt, the Private Party shall not be entitled to any termination payment in the event of termination as a result of Private Party Default.
Impairment of non-financial assets Assets that are subject to depreciation are reviewed for impairment on a half-yearly basis and when events or circumstances suggest that the carrying amount may not be recoverable.
The key issues of when Lenders should be permitted to step-in, the extent to which the Lenders should be obliged to assume liabilities of the Private Party and the extent to which the Lenders will be given the opportunity to rectify Private Party Default will be given effect to in accordance with the Direct Financing Agreement as it appears in hereto.
In the absence of agreement within five (5) Business Days, the question of whether the programme (as the same may have been amended by agreement) will remedy the Private Party Default in a reasonable manner and within a reasonable time period (and, if not, what would be a reasonable programme) may be referred by either Party for resolution in accordance with clause 78 (Fast-track Dispute Resolution).