Events of Lessor Default Sample Clauses

Events of Lessor Default. Any of the following events shall constitute a “Lessor Default”:
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Events of Lessor Default. The occurrence of any one or more of the following events constitutes an “Event of Lessor Default” under this Agreement and the applicable SA or CA: (i) breach of any representation or warranty set forth in this Agreement or the SA or CA; (ii) if Lessor fails to perform or observe any other term of the applicable or CA and the failure continues beyond the period of time specified elsewhere in this Agreement or the or CA for cure following Lessor’s receipt of written notice from Lessee or, if no period of time is specified for cure elsewhere in this Agreement, the SA or the CA, if the failure continues for more than 30 days after Lessor’s receipt of written notice from Lessee; except the 30-day-cure period will be extended as reasonably necessary to permit Lessor to complete cure so long as Lessor commences cure within the 30-day-cure period and continuously and diligently pursues and completes the cure; (iii) any petition is filed by or against Lessor, under any section or chapter of the present or any future federal Bankruptcy Code or under any similar law or statute of the United States or any state (and with respect to any petition filed against Lessee, the petition is not dismissed within 180 days after its filing) or Lessor is adjudged bankrupt or insolvent in proceedings filed under any section or chapter of the present or any future federal Bankruptcy Code or under any similar law or statute of the United States or any state; (iv) a receiver, custodian or trustee is appointed for Lessor or for any of the assets of Lessor and the appointment is not vacated within 90 days of the date of the appointment; or (v) Lessor becomes insolvent or makes a transfer in fraud of creditors. Notwithstanding the foregoing, Lessor will not be in default so long as the United States Bankruptcy Court has not lifted the automatic stay under the Bankruptcy Code and Lessor remains in compliance with any applicable order of the United States Bankruptcy Court having jurisdiction thereover.
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Related to Events of Lessor Default

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

  • Events of Tenant’s Default Tenant shall be in default of its obligations under this Lease if any of the following events occur:

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

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

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

  • 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:

  • Events of Default; Waiver The Holders of a Majority in liquidation amount of Preferred Securities may, by vote, on behalf of the Holders of all of the Preferred Securities, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.

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