Elements of Default Sample Clauses

Elements of Default. The occurrence of any one or more of the following events shall constitute a default of this Lease by Tenant:
Sample 1Sample 2Sample 3See All (16)
AutoNDA by SimpleDocs
Elements of Default. If any one or more of the following events occur, said event or events shall constitute a "default": (a) Tenant's failure to take possession of the Leased Premises within thirty (30) days following the delivery of possession date, or Tenant's failure to open its doors for business within thirty (30) days following the date specified in Section 2.3 above, or Tenant's abandonment of the Leased Premises, or Tenant's failure during the Operating Covenant Period to maintain normal inventory levels and employee staff for the conduct of its normal business activities in the Leased Premises, or Tenant's failure during the Operating Covenant Period to continuously operate its business in compliance with Section 5.2 for the purposes specified in Section 5.1; (b) the failure of Tenant to pay any rent or other charges required to be paid by Tenant when same shall become due and payable hereunder, if such failure continues for a period of ten (10) days after written notice; (c) the failure of Tenant to perform or observe any term or condition of this Lease (other than as set forth in subparagraphs (a), (b), (e) and (f) of this Section 15.1), if such failure shall continue for thirty (30) days after written notice; (d) if Tenant shall be given two (2) notices of default under Section 15.1(b) or 15.1(c) within any period of twelve (12) consecutive months, notwithstanding any subsequent cure of the failure to perform or observe the terms or conditions of this Lease as identified in such notices, and shall thereafter again commit a breach of this Lease within said twelve (12) month period of the sort described in Section 15.1(b) or 15.1(c) respectively; (e) if any writ of execution, levy, attachment or other legal process of law shall occur with respect to Tenant's assets, merchandise or fixtures or Tenant's estate or interest in the Leased Premises and shall not be discharged or bonded against within thirty (30) days; or (f) if Tenant shall be liquidated or dissolved or shall begin proceedings toward such liquidation or dissolution, or shall in any manner permit the divestiture of all or any substantial part of Tenant's assets.
Sample 1See All (7)
Elements of Default. 29 Section 14.2. Landlord's Remedies.............................................................30 Section 14.3. Bankruptcy......................................................................32 Section 14.4. Additional Remedies and Waivers.................................................33 Section 14.5. Landlord's Cure of Default......................................................33 Section 14.6. Security Interest [Intentionally Deleted] 33
Sample 1Sample 2
Elements of Default. If any one or more of the following events occur, said event or events shall hereby be classified as a Default:
Sample 1
Elements of Default. 23 SECTION 14.02.
Sample 1
Elements of Default. The occurrence of any one or more of the following events shall constitute a default of this Sublease by Sublessee:
Sample 1
Elements of Default. If any or more of the following events occur, said event or events shall hereby be classified as a "Default":
Sample 1
AutoNDA by SimpleDocs
Elements of Default. If any one or more of the following events occur, said event or events shall hereby constitute a default: (a) if Tenant abandons the Premises; (b) the failure of Tenant to pay Minimum Rent or Additional Rent, if such failure continues for a period of ten (10) days after written notice; (c) the failure of Tenant to perform or observe any other term or condition of this Lease, and such failure shall continue for thirty (30) days after written notice (except in connection with a failure that cannot be remedied or cured within said thirty (30) day period, in which event the time of Tenant within which to cure such failure shall be extended for such time as shall be necessary to cure the same, but only if Tenant, within such thirty (30) day period, shall notify Landlord thereof and shall promptly commence and thereafter proceed diligently and continuously to cure such failure); (d) [intentionally omitted]; (e) if any writ of execution, levy, attachment or other legal process of law shall occur upon Tenant's assets, merchandise, fixtures or Tenant's estate or interest in the Premises; (f) the commencement of levy, execution, or attachment proceedings against Tenant or a substantial portion of Tenant's assets; the commencement of levy, execution, attachment or other process of law upon, on or against the estate created in Tenant hereby; the application for or the appointment of a liquidator, receiver, custodian, sequestrator, conservator, trustee, or other similar judicial officer for Tenant or for all or any substantial part of the property of Tenant (and such appointment continues for a period of ninety (90) days); the insolvency of Tenant or Tenant in bankruptcy or equity sense; any assignment by Tenant for the benefit of creditors; and (g) subject to Section C below, the commencement of a case by or against Tenant, under any insolvency, bankruptcy, creditor adjustment or debtor rehabilitation laws, state or federal; or the determination by the Tenant to request relief under any insolvency proceeding, including any insolvency, bankruptcy, creditor adjustment or debtor rehabilitation laws, state or federal, and in no event shall the Premises or Tenant's interest in this Lease become an asset in any such proceedings.
Sample 1
Elements of Default. If any one or more of the following events occur, said event or events shall constitute a “default”:
Sample 1

Related to Elements of Default

  • Events of Default Any of the following shall constitute an Event of Default:

  • No Events of Default No Event of Default has occurred and is continuing nor has any event occurred which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.

  • Events of Defaults If one or more of the following events ("Events of Default") shall have occurred and be continuing:

  • Other Events of Default Notwithstanding anything to the contrary herein, if the Company elects to pay Special Interest with respect to any Reporting Event of Default, the Company’s election will not affect the rights of the Holder with respect to any other Event of Default, including with respect to any other Reporting Event of Default; provided, that, for the avoidance of doubt, in no event will the Company be obligated to pay Special Interest at a rate greater than 0.50% per annum on the principal amount of this Note.

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • 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.

  • Lease Events of Default The following events shall constitute Lease Events of Default hereunder (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and each such Lease Event of Default shall be deemed to exist and continue so long as, but only as long as, it shall not have been remedied:

  • Events of Default by Tenant All covenants and agreements to be kept or performed by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent. The occurrence of any of the following shall constitute a default of this Lease by Tenant:

  • 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;

  • Events of Default include (i) default for 30 days in the payment when due of interest on or Liquidated Damages, if any, with respect to the Senior Subordinated Notes; (ii) default in payment when due of the principal of or premium, if any, on the Senior Subordinated Notes; (iii) failure by the Company or any Restricted Subsidiary to comply with the provisions described in Sections 4.10, 4.14 or 5.1 of the Indenture; (iv) failure by the Company or any Restricted Subsidiary for 30 days after notice from the Trustee or at least 25% in principal amount of the Senior Subordinated Notes to comply with the provisions described in Sections 4.7 and 4.9, of the Indenture; (v) failure by the Company or any Subsidiary for 60 days after notice from the Trustee or the Holders of at least 25% in principal amount of the Senior Subordinated Notes then outstanding to comply with its other agreements in the Indenture or the Senior Subordinated Notes; (vi) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of their its Subsidiaries (or the payment of which is guaranteed by the Company or any of its Subsidiaries) whether such Indebtedness or guarantee now exists, or is created after the date of the Indenture, which default (A) (i) is caused by a failure to pay when due at final stated maturity (giving effect to any grace period related thereto) any principal of or premium, if any, or interest on such Indebtedness (a "Payment Default") or (ii) results in the acceleration of such Indebtedness prior to its express maturity and (B) in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $15.0 million or more; (vii) failure by the Company or any of its Subsidiaries to pay final judgments aggregating in excess of $5.0 million, which judgments are not paid discharged or stayed within 60 days after their entry; and (viii) certain events of bankruptcy or insolvency with respect to the Company, any of its Significant Subsidiaries or any group of Subsidiaries that, taken together, would constitute a Significant Subsidiary.

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