Default by Virgin Sample Clauses

Default by Virgin. Each of the following events will be a default for purposes of this Lease: 17.1.1. Failure by Virgin to pay when due any Virgin Payables; 17.1.2. Failure by Virgin to provide evidence of renewal or replacement of the Performance Guarantee to the Authority at least 60 Days before the expiration date of the Performance Guarantee then in effect; 17.1.3. Failure to maintain the insurance required by this Lease; 17.1.4. Failure to comply with the environmental provisions of this Lease; 17.1.5. Failure to perform the maintenance required by this Lease; 17.1.6. Any representation or warranty made by Virgin in this Lease proves to have been false or misleading in any material respect when made; 17.1.7. Any authorization, approval, filing, registration or other governmental, judicial or public body or authority necessary to enable Virgin to comply with its obligations under this Lease or the Development Agreement is revoked, rescinded, suspended, held invalid, or otherwise limited in effect in a manner that would affect materially and adversely Virgin’s ability to perform its obligations under this Lease or the Development Agreement; or any law, regulation, rule, decree or directive of a competent authority is enacted or issued that will impair materially and adversely the ability or the right of Virgin, as the case may be, to perform such obligations, or it becomes unlawful for Virgin to perform such obligations; 17.1.8. Occurrence of a Bankruptcy Event with respect to Virgin; 17.1.9. Failure to provide the reports required under Paragraph 6.4 of this Lease. 17.1.10. Failure to comply with any covenant, agreement or condition contained in this Lease. 17.1.11. A default by Virgin under the Development Agreement that remains uncured after exercise of the dispute resolution provisions contained in the Development Agreement.