Intentional Default Sample Clauses
The Intentional Default clause defines circumstances where a party deliberately fails to fulfill its contractual obligations. In practice, this clause typically applies when a party knowingly chooses not to perform duties such as making payments, delivering goods, or meeting other critical requirements outlined in the agreement. Its core function is to distinguish willful breaches from accidental or unavoidable failures, thereby allowing the non-defaulting party to pursue specific remedies or penalties and ensuring accountability for deliberate non-compliance.
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Intentional Default. Fraud and other Mandatory Rules: Nothing in the Agreement operates to exclude or limit a Party's liability for:
Intentional Default. 28 14.04 Reentry by Landlord..............................................28 14.05 Damages..........................................................28 14.06
Intentional Default. The Partnership shall not purposefully commit a default in order to avoid the covenant against prepayment or the covenant to pay a prepayment premium. The Partnership covenants to the full extent that such a covenant is enforceable under applicable law, that, if such a default shall occur, it shall (subject to the provisions of Sections 14.1 and 14.
Intentional Default. Tenant expressly recognizes that Tenant’s due and punctual performance of all of its obligations under this Lease throughout the Term is of importance to Landlord, and, without limiting the foregoing provisions of Section 13.02, Tenant agrees that, if Tenant shall default (i) in the timely payment of Base Rent or Additional Rent, and such default shall continue or be repeated for three (3) consecutive months or for a total of three (3) months in any period of twelve (12) months or (ii) in the performance of any other term of this Lease to be performed by Tenant, and such default shall occur more than three (3) times in any period of twelve (12) months, then, notwithstanding that such defaults shall have each been cured within the applicable period, if any, as above provided, any further similar default shall be deemed to be deliberate and Landlord thereafter may serve the termination notice described in Section 13.02 hereof upon Tenant without affording to Tenant an opportunity to cure such further default.
Intentional Default. Tenant expressly recognizes that Tenant's due and punctual performance of all of its obligations under this Lease throughout the Term is of importance to Landlord, and, without limiting the foregoing provisions of SECTION 14.01, Tenant agrees that, if Tenant shall default in the timely payment of Base Rent or Additional Rent, and such default shall continue or be repeated for three (3) consecutive months or for a total of four (4) months in any period of twelve (12) consecutive months, then, notwithstanding that such defaults shall have each been cured within the applicable period, if any, as above provided, any further similar default shall be deemed to be deliberate and Landlord thereafter may serve the termination notice described in SECTION 14.01 hereof upon Tenant without affording to Tenant an opportunity to cure such further default.
Intentional Default. From and after the first Closing, the provisions of Section 15(b) shall be deemed deleted from the Purchase Agreement. In addition, the final clause in Section 15(a) which refers to Section 15(b) shall also be deemed deleted from the Purchase Agreement.