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. The term "Act of Default" refers to the occurrences of any one or more of the following:
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. 4.1. In the event of an act of default being committed by an insured party or its representatives the insurer shall not be liable to pay any amount to the insured party under this policy of insurance.
ACT OF DEFAULT. 32. The term “
ACT OF DEFAULT. 9.1 If either party:
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. If any of the following shall occur, the Borrowers shall be in default under this Agreement:
