DEFAULT AND ABANDONMENT Sample Clauses

DEFAULT AND ABANDONMENT. If the Lessee defaults in any of its obligations hereunder and fails to correct said default within three days after written notice thereof from the Lessor, or, if such breach is not in payment of money, has not within said three-day period of time commenced substantial efforts to cure said breach and thereafter continued its efforts to cure said breach with due diligence, then the Lessor shall have the right to declare this agreement terminated and to re-enter and take immediate possession of the demised Premises, or, without in any way being obligated so to do, the Lessor may elect to retake possession of said Premises and rent the same for such rent and pursuant to such conditions as the Lessor believes best, making such changes and repairs as may be required, and giving credit for the amount of rent so received less all expenses for reletting, advertising, cleaning, removal or storage of Lessee's property, and repairs, and in such event, said Lessee shall be liable for the balance of the rent herein reserved until the expiration of the term of this lease. The Lessee shall pay unto the Lessor additional rent for late rent payments as to all rental payments not made on or before the fifth (5th) day of the month in which they are due, said additional rent to be five percent (5%) of the rent payment so delinquent for each month or fraction, thereof that such payment is late. The parties agree that this late charge is reasonable liquidated damages taking into account the time spent by Lessor, its agents and employees because of such late rent payments, processing and
Sample 1See All (5)
AutoNDA by SimpleDocs
DEFAULT AND ABANDONMENT. (a) If Lessee shall at any time fail to pay when due any payment of rent or other sums provided for herein to be paid to Lessor, and such failure continues uncured for a period of ten (10) days after the date that Lessee receives written notice thereof from Lessor, or if Lessee shall at any time fail to perform any of the covenants, terms, conditions or provisions of this Lease (other than the payment of rent or other sums), and such failure continues uncured for a period of thirty (30) days (or if such failure cannot with reasonable diligence be cured within thirty (30) days, then such longer period of time as may be reasonably necessary, provided that Lessee shall continuously use reasonable diligence in attempting to cure such failure) after Lessor gives Lessee written notice of such failure, or if Lessee shall assign or sublet without written approval of Lessor (unless such approval is not required by the terms of this Lease), Lessor shall have any one or more of the following described remedies, in addition to all other rights and remedies provided at law or in equity:
Sample 1Sample 2
DEFAULT AND ABANDONMENT. In accordance with RCW 19.150 The manager is hereby given a lien on all goods, merchandise or property of any description placed in or upon the demised premises by occupant to secure it for any payment of storage charges due hereunder. In addition to any lien or remedy proved by law, and in the event of the breech of covenant hereof or default by occupant in the payment of the storage charges when due, manager may without notice to occupant take immediate possession of the premises and all of the occupants property therein and store same at the expense of the occupant and giving occupant reasonable written notice of the time after which any sale or other intended disposition thereof is to be made, may sell property at public sale, or so much as therefor as is necessary to pay the expense of transfer, storage, sale, legal expense, record lien holders and arrange in payment and any balance remaining after such payments shall be paid over to the occupant on demand. Customer Information Name : Addres : Address 0 : Xxxx,Xxxxx Xxx : Cell Phone : Driver License # : Vehicle Registration : Emergency Contact : Emergency Phone : Alternate Contact : Alternate Phone : Deposit : Unit(s) : Size : Rent : Taxes :
Sample 1
DEFAULT AND ABANDONMENT. REMEDIES OF LANDLORD . . . . . . . . . . . . . . . . . . . . . . . . 10 23. BANKRUPTCY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 24. INDEMNIFICATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 25.
Sample 1
DEFAULT AND ABANDONMENT. In accordance with AB-1108 SEC 4, 21703 The manager is hereby given a lien on all goods, merchandise or property of any description placed in or upon the demised premises by occupant to secure it for any payment of storage charges due hereunder. In addition to any lien or remedy proved by law, and in the event of the breech of covenant hereof or default by occupant in the payment of the storage charges when due, manager may without notice to occupant take immediate possession of the premises and all of the occupants property therein and store same at the expense of the occupant and giving occupant reasonable written notice of the time after which any sale or other intended disposition thereof is to be made, may sell property at public sale, or so much as therefor as is necessary to pay the expense of transfer, storage, sale, legal expense, record lien holders and arrange in payment and any balance remaining after such payments shall be paid over to the occupant on demand. Customer Information Name : %%NAME%% Address 1 : %%ADDRESS1%% Address 2 : %%ADDRESS2%% City,State Zip : %%CITYSTATEZIP%% Cell Phone : %%CELLPHONE%% Driver License # : %%LIC%% Vehicle Registration : %%VEHICLE%% Emergency Contact : %%ECONTACT%% Emergency Phone : %%EPHONE%% Alternate Contact : %%ACONTACT%% Alternate Phone : %%APHONE%% Deposit : %%DEPOSIT%% Unit(s) : %%UNITS%% Size : %%SIZE%% Rent : %%SINGLERENT%% Taxes : %%SINGLETAX%% Total Due : %%SINGLETOTAL%%
Sample 1
DEFAULT AND ABANDONMENT. In accordance with RCW 19.150 The manager is hereby given a lien on all goods, merchandise or property of any description placed in or upon the demised premises by occupant to secure it for any payment of storage charges due hereunder. In addition to any lien or remedy proved by law, and in the event of the breech of covenant hereof or default by occupant in the payment of the storage charges when due, manager may without notice to occupant take immediate possession of the premises and all of the occupants property therein and store same at the expense of the occupant and giving occupant reasonable written notice of the time after which any sale or other intended disposition thereof is to be made, may sell property at public sale, or so much as therefor as is necessary to pay the expense of transfer, storage, sale, legal expense, record lien holders and arrange in payment and any balance remaining after such payments shall be paid over to the occupant on demand. Occupant shall not abandon the space at any time during the term of this rental agreement. In addition to any other circumstances indicating abandonment by occupant, it is specifically agreed that in the event payment is due, owing or unpaid in any part for 30 consecutive days it shall be conclusively presumed that the occupant has abandoned the space within the meaning of the RCW 19.150. In the event such abandonment occupant agrees that the manager may enter and inspect the space, terminate the occupancy and dispose of all property left in the space by occupant in accordance with applicable provisions of law.
Sample 1
DEFAULT AND ABANDONMENT. If the Lessee defaults in any of its obligations hereunder and fails to correct said default within ten days after written notice thereof from the Lessor, or, if such breach is not in payment of money, has not within said ten-day period of time commenced substantial efforts to cure said breach and thereafter continued its efforts to cure said breach with due diligence, or, if the Lessee abandons the Premises, which shall be conclusively deemed to occur if Lessee makes no use of the Premises for fifteen consecutive days during the term of this lease (except in the case of causality to this Premises or any other reason not within
Sample 1
AutoNDA by SimpleDocs
DEFAULT AND ABANDONMENT. In the event of failure of payment of monthly rental herein reserved within the time specified, or failure to keep or perform any other covenants or agreements, after 15 days written notice to Lessee from Lessor, Lessor may re-inter and proceed with such legal remedies as it may desire, given it under the terms of this agreement Lessor may at its option make every reasonable effort to re-let the same for the best rent obtainable. If the total amount received by Lessor from such re-letting, after deducting the expenses of re-letting and necessary repairs does not equal or exceed the unpaid balance of the rent herein provided for, Lessee shall pay as damages all such deficiency, or Lessor may at its option, declare this agreement void and terminated. Lessor reserves and is accorded same rights in the event of abandonment by Lessee. It is agreed however, that prior to the exercise by Lessor of any of its rights or remedies given for breach of this agreement, except failure to pay rental sums when due or within the provided grace period, the Lessor will, in writing, specify the breach complained of and accord to Lessee fifteen (15) days from date of notice to cure or rectified this agreement shall not be deemed in default.
Sample 1

Related to DEFAULT AND ABANDONMENT

  • Default and Remedies Either of the following constitutes cause to declare this Contract, or any Participating Entity order under this Contract, in default:

  • DEFAULT AND POSSESSION In the event that the Lessee shall fail to pay said rent, and expenses as set forth herein, or any part thereof, when the same are due and payable, or shall otherwise be in default of any other terms of said Lease for a period of more than 15 days, after receiving notice of said default, then the parties hereto expressly agree and covenant that the Lessor may declare the Lease terminated and may immediately re-enter said Premises and take possession of the same together with any of Lessee’s personal property, equipment or fixtures left on the Premises which items may be held by the Lessor as security for the Lessee’s eventual payment and/or satisfaction of rental defaults or other defaults of Lessee under the Lease. It is further agreed, that if the Lessee is in default, that the Lessor shall be entitled to take any and all action to protect its interest in the personal property and equipment, to prevent the unauthorized removal of said property or equipment which threatened action would be deemed to constitute irreparable harm and injury to the Lessor in violation of its security interest in said items of personal property. Furthermore, in the event of default, the Lessor may expressly undertake all reasonable preparations and efforts to release the Premises including, but not limited to, the removal of all inventory, equipment or leasehold improvements of the Lessee’s, at the Lessee’s expense, without the need to first procure an order of any court to do so, although obligated in the interim to undertake reasonable steps and procedures to safeguard the value of Lessee’s property, including the storage of the same, under reasonable terms and conditions at Lessee’s expense, and, in addition, it is understood that the Lessor may xxx the Lessee for any damages or past rents due and owing and may undertake all and additional legal remedies then available. In the event any legal action has to be instituted to enforce any terms or provisions under this Lease, then the prevailing party in said action shall be entitled to recover a reasonable attorney's fee in addition to all costs of said action. Rent which is in default for more than days after due date shall accrue a payment penalty of one of the following: (Choose One) ☐ - Interest at a rate of percent ( %) per annum on a daily basis until the amount is paid in full. ☐ - Late fee of dollars ($ ) per day until the amount is paid in full. In this regard, all delinquent rental payments made shall be applied first toward interest due and the remaining toward delinquent rental payments.

  • Default and Consequences of Default 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and a half percent (2.5%) per calendar month (and at the Supplier’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

  • Events of Default and Remedies Section 8.01

  • Events of Default and Acceleration If any of the following events (“Events of Default” or, if the giving of notice or the lapse of time or both is required, then, prior to such notice or lapse of time, “Defaults”) shall occur:

  • Events of Default and Termination 15.1 If:

  • Default and Foreclosure 5 3.1 Remedies....................................................... 5 3.2

  • Landlord’s Default and Tenant’s Remedies In the event Landlord fails to perform its obligations under this Lease, Landlord shall nevertheless not be in default under the terms of this Lease until such time as Tenant shall have first given Landlord written notice specifying the nature of such failure to perform its obligations, and then only after Landlord shall have had thirty (30) days following its receipt of such notice within which to perform such obligations; provided that, if longer than thirty (30) days is reasonably required in order to perform such obligations, Landlord shall have such longer period. In the event of Landlord’s default as above set forth, then, and only then, Tenant may then proceed in equity or at law to compel Landlord to perform its obligations and/or to recover damages proximately caused by such failure to perform (except as and to the extent Tenant has waived its right to damages as provided in this Lease).

  • Event of Default and Illegality If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

  • DEFAULT AND ACCELERATION The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

Time is Money Join Law Insider Premium to draft better contracts faster.