Examples of Uncured Event of Default in a sentence
The exercise by the City of any one or more remedies under this Agreement shall not preclude the exercise by the City, at the same or different times, of any other remedies for the same material Uncured Event of Default.
Upon the occurrence of any Uncured Event of Default as described in Section IX., the Director shall report the occurrence of default to the City Manager and the Council.
Upon the occurrence of an Uncured Event of Default, the Council shall have the right to revoke the Agreement.
If an Event of Default is not cured within the time period allowed for curing the Event of Default, as provided above, the Event of Default becomes, without additional notice, an Uncured Event of Default, which shall entitle the City to exercise the remedies provided for in Section X.
If the Event of Default is not cured within the time period allowed for curing the Event of Default as provided for herein, such Event of Default shall, without additional notice, become an Uncured Event of Default, which shall entitle City to exercise the remedies pursuant to Section XIII(C).
Any assignment or transfer effected prior to the City’s approval thereof, if required, shall authorize the City to treat such assignment or transfer as an Uncured Event of Default and immediately implement the provisions of Section XIII, including the right to terminate the franchise granted herein.
Would the Minister for Treasury and Resources say whether or not he welcomes the comments made by the Assistant Chief Minister on independence and is he totally in agreement with the manner in which they were phrased?Senator P.F.C. Ozouf:This question has been answered comprehensively by the Minister for Economic Development and the Chief Minister and the Assistant Chief Minister and I am completely aligned with all of the remarks that have been made.
If, as a result of a subsequent audit, initiated within two years of an audit which resulted in Oncor making a payment to the Town due to an underpayment of the Franchise Fee of more than 5%, Oncor makes another payment to the Town due to an underpayment of the Franchise Fee of more than 5%, the Town may immediately treat this underpayment as an Uncured Event of Default and exercise the remedies provided for in Section 11.C.
If the Event of Default is not cured within the time period allowed for curing the Event of Default as provided for herein, such Event of Default shall, without additional notice, become an Uncured Event of Default, which shall entitle Town to exercise the remedies provided for in Section 11.C.
The Company shall, within thirty (30) calendar days after receipt of such notice or such longer period of time as the City may specify in such notice, either cure such alleged failure or provide a written response to the City that either: (i) documents cure of the default; (ii) provides a plan to cure and sets forth the method and time schedule for accomplishing such cure; or (iii) presents facts and arguments in refuting or defending such Uncured Event of Default.