Examples of Supplier Event of Default in a sentence
An inspection or audit not followed by a notice of a Supplier Event of Default shall not constitute or be deemed to constitute a waiver of any Supplier Event of Default, nor shall it constitute or be deemed to constitute an acknowledgement that there has been or will be compliance by the Supplier with this Agreement.
For a Community Participation Project, it shall not be a Supplier Event of Default if the failure to maintain the required Participation Level is due to the Community Investment Member ceasing to qualify as such due to an insufficient number of Co-op Members that are Property Owners where such insufficiency has occurred as a result of either the death of a Co-op Member or a Co-op Member no longer being a Property Owner.
The Supplier fails to perform any material covenant or obligation set forth in this Agreement (except to the extent constituting a separate Supplier Event of Default) if such failure is not remedied within 15 Business Days after written notice of such failure from the Sponsor, provided that such cure period shall be extended by a further 15 Business Days if the Supplier is diligently remedying such failure and such failure is capable of being cured during such extended cure period.
In addition, the reliability was evi- denced by the critical ratio (CR) value greater than 0.70.
Failure to maintain the Participation Level at all times prior to the Commercial Operation Date shall constitute a Supplier Event of Default.