Definition of Default. The BUYER shall be deemed to be in default under this CONTRACT in the following cases:
Definition of Default. The BUYER shall be deemed in default of its obligation under the Contract if any of the following events occurs:
Definition of Default. The Owner shall be deemed to be in default of performance of its obligations under this Contract in the following cases:
Definition of Default. Each of the following events shall constitute a default:
Definition of Default. Any one or more of the following shall constitute a "Default," to the extent permitted by applicable law:
Definition of Default. The occurrence of any of the following is to constitute an event of default by Debtor under this Security Agreement.
Definition of Default. For the purpose of this Agreement, --------------------- a "Default" shall occur upon:
Definition of Default. Landlord shall be in default under this Lease if Landlord shall fail to comply with any term, condition or obligation of Landlord under the Lease, and such failure to comply continues for a period of thirty (30) days after Tenant gives Landlord written notice of such failure, unless such failure cannot reasonably be cured within such thirty (30) day period, in which event the cure period shall extend so long as Landlord has in good faith begun to take action to cure the default within the thirty (30) day period and diligently proceeds to completion thereafter.
Definition of Default. Each of the following events may be declared by EIB to be an Event of Default and to give rise to the right to take the action set forth in Clause 10.2, that is to say:-
Definition of Default. 1. If Tenant fails to pay rent or any other sum due under this Lease, abandons the Property, violates any of the Rules and Regulations set forth herein, or otherwise fails to abide by and perform any of the obligations, terms, conditions or provisions of this Lease, each and any such breach shall constitute a default under this Lease.
