Default under LDA Sample Clauses

Default under LDA. A default by US2 or any Parcel Developer under any LDA shall be deemed a default by US2 under the terms of this Master LDA, without the benefit of any notice and cure periods set forth herein, provided however, a default hereunder shall not be deemed a default under any other LDA. A default under the Development Covenant shall be deemed a default hereunder, and a default under the applicable LDA recorded therewith. As the result of any such default set forth in this paragraph, US2 and the applicable Parcel Developer, at the sole discretion of the SRA, may lose (i) development rights with respect to the Disposition Parcel(s) subject to the LDA under which the default occurred or with respect to which the default under the Development Covenant occurred, and (ii) the ability to acquire additional Disposition Parcels from the SRA. However, any such default will not affect the rights of any other Parcel Developer under a separate LDA.
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Related to Default under LDA

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Default by Owner If one or more of the following Events of Default shall occur and be continuing, that is to say:

  • Rights Upon Event of Default (a) As long as an Event of Default under this Agreement remains unremedied, Holders of not less than 50% of the outstanding Class Principal Balance of the Original Notes (in each case the outstanding Class Principal Balance of the Original Notes will be determined without regard to any exchanges of Class M Notes for MAC Notes) to which such Event of Default relates may, by written notice to Freddie Mac, declare such Notes due and payable and accelerate the maturity of such Notes. In the event that Class M Notes have been exchanged for MAC Notes, Holders of such MAC Notes will be entitled to exercise all the voting or direction rights that are allocated to such exchanged Class M Notes as described herein. Upon such acceleration, the Class Principal Balance of such Notes and the interest accrued thereon shall be due and payable.

  • EVENT OF DEFAULT/REMEDIES 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Default by City City shall not be in default under this Agreement unless City fails to perform an obligation required of City under this Agreement within twenty (20) days after written notice by Tenant to City. If the nature of City's obligation is such that more than twenty (20) days are reasonably required for performance or cure, City shall not be in default if City commences performance within such twenty (20) day period and thereafter diligently prosecutes the same to completion. In no event may Tenant terminate this Agreement or withhold the payment of rent or other charges provided for in this Agreement as a result of City’s default.

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Remedies Upon Event of Default If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

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