WDA Default definition

WDA Default means a material breach by the WDA of the terms of this IAA which it fails to redress within a reasonable time of receiving a written notice from an affected WCA to do so;
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Examples of WDA Default in a sentence

  • If a WDA Default has occurred and a WCA wishes to terminate the HWPA (“the Terminating WCA”), it must serve a termination notice on the WDA, copied to all other Partners (for information purposes only) within 30 Business Days of becoming aware of the WDA Default.

  • The termination notice must specify the nature of the WDA Default which has occurred entitling the WCA to terminate.

  • The HWPA as between the WDA and the Terminating WCA shall terminate on the day falling 50 Business Days after the date the WDA receives the termination notice, unless the WDA rectifies the WDA Default within 30 Business Days of receipt of the termination notice.

  • If a WDA Default has occurred and a WCA wishes to terminate this IAA (“the Terminating WCA”), it must serve a termination notice on the WDA, copied to all other Partners (for information purposes only) within 30 Business Days of becoming aware of the WDA Default.

  • The termination notice must specify the type of WDA Default which has occurred entitling the WCA to terminate.

  • Subject always to the provisions of clause 18.12 (AFP Cap), the WDA shall be liable to and shall indemnify the WCAs for the reasonable costs, losses and liabilities incurred by the WCAs arising directly from a WDA Default.

  • The IAA as between the WDA and the Terminating WCA shall terminate on the day falling 50 Business Days after the date the WDA receives the termination notice, unless the WDA rectifies the WDA Default within 30 Business Days of receipt of the termination notice.