Grantee Default. Any of the following constitutes a default by Grantee under this Agreement:
Grantee Default. Any of the following constitutes an “Event of Default” of Grantee:
Grantee Default. Grantee will be in default under this Agreement if:
Grantee Default. Grantee will be in default under this Agreement upon the occurrence of any of the following events:
Grantee Default. 9.4.1. It shall be a default of Grantee (“Grantee Default”) hereunder if Grantee fails to: (i) pay Rent, and all other amounts due to Grantor under this Sublease, on the date due and such failure shall remain uncured for a period of 10 Business Days after Grantor notifies Grantee in writing of such failure; (ii) perform or observe any non-monetary obligation of Grantee under this Sublease not described in (iii) or (iv) below within the period provided for such performance, and if no express period for performance is provided, then within thirty (30) days from the date Grantee receives written notice thereof from Grantor which written notice shall set forth in reasonable detail the nature and extent of the failure and identifying the applicable Sublease provision requiring such obligation to be performed; provided, however, that Grantee shall not have committed a Grantee Default if such failure is of a type and nature that cannot reasonably be cured within such 30-day period, so long as Grantee promptly commences the curing of such failure within such 30-day period and thereafter diligently pursue the curing of such failure but no later than 90 days from the date of the notice; (iii) any sublease or assignment not permitted by Section 10 shall occur; or (iv) Grantee abandons the Sublease Premises. It is specifically understood and agreed that any failure to take any action that might be deemed to violate the Anti-Deficiency Acts or any failure to obtain a certification of the availability of appropriated funds in accordance with Section 27.1 shall not constitute a Grantee Default. Upon the occurrence of a Grantee Default, Grantor, in its sole discretion may seek: (i) in the case of any other Grantee Default, all remedies available at law or equity. (ii) in accordance with Section 27.1, any deficiency in Rent or other financial obligation of Grantee shall not exceed the amount of appropriated funds actually available at the time of the occurrence of the Grantee Default.
Grantee Default. If there is a default, Grantee promises to pay IHDA the amount of Xxxxxxx’s CBRAP Grant Award, with the CBRAP Grant bearing no interest, upon demand and at IHDA’s address listed above. Grantee will be in “Default” if: (a) Grantee is in breach any of the terms and conditions of, or fails to perform any of Xxxxxxx’s obligations under this Grant Agreement, the Act, or any other documents I have delivered in connection with the CBRAP, including, but not limited to a breach of any of my promises, certifications or representations made this Grant Agreement, or (b) I commit fraud under or in connection with any document related to the CBRAP. IF I AM IN DEFAULT, IHDA MAY REQUIRE ME TO IMMEDIATELY PAY THE FULL AMOUNT OF THE CBRAP GRANT AWARD, PLUS REASONABLE COSTS AND EXPENSES, INCLUDING ATTORNEY’S FEES. Upon a Default, IHDA may exercise any rights or remedies as may be available under any of the CBRAP documents, at law or in equity. No waiver of any default or failure to exercise or delay in exercising any rights or remedies by IHDA shall be deemed to be a waiver of any other default, a subsequent default or of any rights or remedies. Grantee will be in Default if Grantee or any other person residing in the Rental Unit are a person identified by the US Attorney General to be a participant or conspirator in any terrorist action.
Grantee Default
