Defaults Curable Only by Obtaining Possession and Personal Defaults Sample Clauses

Defaults Curable Only by Obtaining Possession and Personal Defaults. In the case of (i) a nonmonetary default that is not reasonably susceptible of being cured by such Leasehold Mortgagee without obtaining possession of the Arena or (ii) a Personal Default by OVG, such Leasehold Mortgagee shall be entitled (but not required) to proceed as described in Sections 1.7(I) and 1.7(J) (provided that (x) rent and additional rent shall continue to be paid timely during the pendency of such extended cure period, and (y) with respect to any nonmonetary defaults outstanding under Section 1.7(G), such Leasehold Mortgagee shall be exercising its Mortgagee’s Cure Rights thereunder).
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Defaults Curable Only by Obtaining Possession and Personal Defaults. In the case of (i) a nonmonetary default that is not reasonably susceptible of being cured by such ArenaCo Lender without obtaining possession of the Parking Facilities or (ii) a Personal Default by ArenaCo, such ArenaCo Lender shall be entitled (but not required) to proceed as described in Sections 13.7(I) and 13.7(J) (provided that (x) the Annual Fee shall continue to be paid timely during the pendency of such extended cure period, and (y) with respect to any nonmonetary defaults outstanding under Section 13.7(G), such ArenaCo Lender shall be exercising its ArenaCo Lender's Cure Rights thereunder).
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Defaults Curable Only by Obtaining Possession and Personal Defaults. In the case of a Non-Monetary Default that is not reasonably susceptible of being cured by a Prime Mortgagee without obtaining possession of the Premises (including failure to Complete the Shoreside Complex) or a Personal Default by Tenant, Prime Mortgagee shall be entitled (but not required) to do the following, so long as, with respect to any Defaults other than those referred to in this Section, such Prime Mortgagee has exercised or is exercising the applicable Mortgagee's Cure Rights as defined in this Lease:
Sample 1
Defaults Curable Only by Obtaining Possession and Personal Defaults. In the case of a Non-Monetary Default that is not reasonably susceptible of being cured by a Leasehold Mortgagee without obtaining possession of the Premises (including failure to Complete the Tenant's Work) or a Personal Default by Tenant, Leasehold Mortgagee shall be entitled (but not required) to do the following, so long as, with respect to any Defaults other than those referred to in this Section, such Leasehold Mortgagee has exercised or is exercising the applicable Mortgagee's Cure Rights as defined in this Lease: 20.6.2.1
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Related to Defaults Curable Only by Obtaining Possession and Personal Defaults

  • Notice of Defaults and Events of Default As soon as possible and in any event within ten (10) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto;

  • Defaults Remedies (a) It shall be an Event of Default:

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Waiver of Defaults and Events of Default (a) The Noteholders of a majority of the Note Balance of the Controlling Class may waive any Default or Event of Default, except an Event of Default (i) in the payment of principal of or interest on any of the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) or (ii) in respect of a covenant or provision of this Indenture that cannot be amended, supplemented or modified without the consent of all Noteholders.

  • Waiver of Past Defaults and Events of Default Subject to Sections 6.02, 6.08 and 8.02, the Holders of a majority in aggregate principal amount of the Notes then outstanding have the right to waive any existing Default or compliance with any provision of this Indenture or the Notes. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereto.

  • CURING TENANT'S DEFAULTS If Tenant defaults in the performance of any of its obligations under this Lease, Landlord may (but shall not be obligated to) without waiving such default, perform the same for the account at the expense of Tenant. Tenant shall pay Landlord all costs of such performance promptly upon receipt of a xxxx therefor.

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Optional Defaults If any Event of Default referred to in Section 7.1, 7.2, 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 or 7.10 hereof shall occur, Agent may, with the consent of the Required Lenders, and shall, at the written request of the Required Lenders, give written notice to Borrowers to:

  • No Defaults or Events of Default (a) Since (the date of the last similar certification), and except as set forth in Appendix I, no Default or Event of Default has occurred.

  • Defaults and Remedies Section 6.01.

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