ACT OF DEFAULT. An Act of Default has occurred when:
ACT OF DEFAULT. Mortgagor shall be deemed in default if Mortgagor makes any assignment for the benefit of creditors, or if a receiver is appointed for Mortgagor or any part of the Mortgaged Premises, or if Mortgagor files a petition in bankruptcy or is adjudicated a bankrupt or files any petition or institutes any proceedings under the Federal Bankruptcy Laws of the United States.
ACT OF DEFAULT. Any other Act of Default hereunder
ACT OF DEFAULT. The term "act of default" shall mean and include any --------------- one or more of the following events:
ACT OF DEFAULT. The term "Act of Default" refers to the occurrences of any one or more of the following:
ACT OF DEFAULT. The term "Act of Default" refers to the occurrences of any one or more of the following: a. failure of LESSEE or LESSOR, after Ninety (90) calendar days' written notice of default in the performance of LESSEE'S or LESSOR'S other obligations, covenants or and in no way define, limit or describe the scope or intent of any provision hereof, nor are they meant to bind the LESSOR or LESSEE to the meaning of such heading.
ACT OF DEFAULT. Clause (i) of Paragraph 30 of the Lease is hereby modified to provide: "(i) failure of Tenant to pay when due any Rent or other amount required to be paid under this Lease; provided, that the first two (2) such failures to pay on such due date shall not constitute an Act of Default as long as such failure to pay does not continue for five (5) days following the date such payments are due under the Lease, but after such two (2) grace periods have been used by Tenant, all future payments must be received on the due date therefor or such failure shall constitute an Act of Default." Clause (viii) of Paragraph 30 of the Lease is hereby deleted in its entirety.
ACT OF DEFAULT. 32. The term “
ACT OF DEFAULT. The term "Act of Default" refers to the occurrence of any one or more of the following: (i) failure of Tenant to pay any Rent or other amount required to be paid under this Lease within five (5) days after the same becomes due and payable; (ii) failure of Tenant, after thirty (30) days' written notice of default in the substantial performance of any of Tenant's other obligations, covenants or agreements under this Lease, including, without limitation, rules and/or regulations adopted by Landlord and the provisions of the Environmental Addendum attached to this Lease; provided, however, that, if Tenant, after trying in good faith, cannot reasonably cure such default within thirty (30) days, Tenant shall have such longer period as is reasonably necessary to cure such default as long as Tenant is continuing to aggressively seek to cure such default; (iii) the adjudication of Tenant to be a bankrupt; or (iv) the filing by Tenant of a voluntary petition in bankruptcy, reorganization, receivership, or other related or similar proceedings; (v) the making by Tenant of a general assignment for the benefit of its creditors; (vi) the appointment of a receiver for Tenant's interest in the Premises or under this Lease; (vii) any other proceedings instituted by or against Tenant under any bankruptcy or similar laws, which is not dismissed or stayed within sixty (60) days after commencement; or (viii) the sale or attempted sale under execution or other legal process of Tenant's interest in the Premises. Tenant shall have the right to vacate all or any part of the Premises without being in default hereunder.
ACT OF DEFAULT. If any of the following shall occur, the Borrowers shall be in default under this Agreement:
