{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "by-a-party", "type": "clause", "offset": [12, 22]}, {"key": "to-pay", "type": "clause", "offset": [23, 29]}, {"key": "this-agreement", "type": "clause", "offset": [63, 77]}, {"key": "evidence-of", "type": "definition", "offset": [131, 142]}, {"key": "insurance-coverage-required", "type": "clause", "offset": [147, 174]}, {"key": "third-person", "type": "clause", "offset": [244, 256]}], "samples": [{"hash": "94U0pNwEQns", "uri": "/contracts/94U0pNwEQns#monetary-default", "label": "Maintenance Assessment District Management Agreement", "score": 33.6650123596, "published": true}, {"hash": "aHzveCKmEyz", "uri": "/contracts/aHzveCKmEyz#monetary-default", "label": "Business Improvement District Management Agreement", "score": 32.8090171814, "published": true}, {"hash": "9olwmcJjA98", "uri": "/contracts/9olwmcJjA98#monetary-default", "label": "Business Improvement District Management Agreement", "score": 32.4623756409, "published": true}], "snippet": "Any failure by a Party to pay, deposit or deliver, when and as this Agreement requires, any amount of money, any bond or surety or evidence of any insurance coverage required to be provided under this Agreement, whether to or with a Party or a Third Person.", "size": 18, "hash": "ea1292fa40bc974ff54032167ba5746f", "id": 1}, {"snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "notice-of-the", "type": "clause", "offset": [113, 126]}, {"key": "event-of-default", "type": "clause", "offset": [127, 143]}, {"key": "borrower-shall", "type": "clause", "offset": [148, 162]}, {"key": "cure-the-default", "type": "clause", "offset": [190, 206]}, {"key": "applicable-cure-period", "type": "definition", "offset": [218, 240]}], "samples": [{"hash": "cn5RIeoIEBn", "uri": "/contracts/cn5RIeoIEBn#monetary-default", "label": "Line of Credit Agreement (Nanoviricides, Inc.)", "score": 36.7481193542, "published": true}, {"hash": "6ogfqxVq42G", "uri": "/contracts/6ogfqxVq42G#monetary-default", "label": "Line of Credit Agreement (Brand Engagement Network Inc.)", "score": 36.4387397766, "published": true}, {"hash": "bDjpre4T253", "uri": "/contracts/bDjpre4T253#monetary-default", "label": "Line of Credit Agreement (Med-X, Inc.)", "score": 36.1868591309, "published": true}], "snippet": "In the event of a monetary default for which Borrower is given a cure period, Lender shall give Borrower written notice of the Event of Default and Borrower shall be given an opportunity to cure the default within the applicable cure period.", "size": 11, "hash": "304be13212e1c9edc2428ea87758c2ae", "id": 4}, {"snippet_links": [{"key": "after-notice", "type": "definition", "offset": [64, 76]}, {"key": "from-landlord", "type": "clause", "offset": [77, 90]}, {"key": "the-nature", "type": "clause", "offset": [157, 167]}, {"key": "calculation-of", "type": "clause", "offset": [172, 186]}], "samples": [{"hash": "5VPIoMU3jTr", "uri": "/contracts/5VPIoMU3jTr#monetary-default", "label": "Lease Agreement", "score": 27.535112381, "published": true}, {"hash": "2EBKk2OI5ep", "uri": "/contracts/2EBKk2OI5ep#monetary-default", "label": "Lease Agreement", "score": 27.4051036835, "published": true}, {"hash": "lNBmxp06NBP", "uri": "/contracts/lNBmxp06NBP#monetary-default", "label": "Lease Agreement", "score": 25.2888431549, "published": true}], "snippet": "If a Monetary Default occurs and continues for 10 Business Days after Notice from Landlord, specifying in reasonable detail the amount of money not paid and the nature and calculation of each such payment.", "size": 12, "hash": "5db49011744c6489ea18862887ee0776", "id": 3}, {"snippet_links": [{"key": "junior-noteholder", "type": "definition", "offset": [4, 21]}, {"key": "controlling-noteholder", "type": "definition", "offset": [39, 61]}, {"key": "operating-advisor", "type": "clause", "offset": [70, 87]}, {"key": "the-right", "type": "clause", "offset": [159, 168]}, {"key": "the-obligation", "type": "clause", "offset": [178, 192]}, {"key": "after-receiving", "type": "clause", "offset": [224, 239]}, {"key": "monetary-default-notice", "type": "definition", "offset": [250, 273]}, {"key": "period-ending", "type": "clause", "offset": [288, 301]}, {"key": "days-after", "type": "definition", "offset": [320, 330]}, {"key": "at-the-time", "type": "clause", "offset": [419, 430]}, {"key": "pay-or-reimburse", "type": "clause", "offset": [555, 571]}, {"key": "lead-securitization-noteholder", "type": "definition", "offset": [576, 606]}, {"key": "unreimbursed-advances", "type": "definition", "offset": [615, 636]}, {"key": "with-respect-to", "type": "clause", "offset": [665, 680]}, {"key": "any-non", "type": "clause", "offset": [713, 720]}, {"key": "principal-and-interest-advances", "type": "clause", "offset": [757, 788]}, {"key": "lead-securitization-servicing-agreement", "type": "clause", "offset": [866, 905]}, {"key": "interest-amounts", "type": "clause", "offset": [916, 932]}, {"key": "unpaid-fees", "type": "clause", "offset": [938, 949]}, {"key": "lead-servicer", "type": "definition", "offset": [973, 986]}, {"key": "additional-servicing-expenses", "type": "definition", "offset": [1068, 1097]}, {"key": "at-any-time", "type": "clause", "offset": [1099, 1110]}, {"key": "notice-to-the", "type": "clause", "offset": [1356, 1369]}, {"key": "written-confirmation", "type": "definition", "offset": [1390, 1410]}, {"key": "rights-as-set-forth-herein", "type": "clause", "offset": [1686, 1712]}, {"key": "receipt-of", "type": "clause", "offset": [1735, 1745]}, {"key": "the-foregoing", "type": "definition", "offset": [1784, 1797]}, {"key": "to-tender", "type": "definition", "offset": [1810, 1819]}, {"key": "payment-to-the", "type": "clause", "offset": [1827, 1841]}, {"key": "reasonably-believes", "type": "definition", "offset": [1868, 1887]}, {"key": "potential-monetary-default", "type": "definition", "offset": [1911, 1937]}, {"key": "in-the-event", "type": "clause", "offset": [1978, 1990]}, {"key": "in-accordance-with", "type": "definition", "offset": [2082, 2100]}, {"key": "the-terms", "type": "clause", "offset": [2101, 2110]}, {"key": "by-the-servicer", "type": "clause", "offset": [2187, 2202]}, {"key": "payment-tendered", "type": "clause", "offset": [2293, 2309]}, {"key": "applicable-cure-period", "type": "definition", "offset": [2616, 2638]}, {"key": "to-the-extent", "type": "clause", "offset": [2968, 2981]}, {"key": "in-order-to", "type": "clause", "offset": [3049, 3060]}, {"key": "to-pay", "type": "clause", "offset": [3086, 3092]}, {"key": "default-interest", "type": "definition", "offset": [3097, 3113]}, {"key": "late-charges", "type": "definition", "offset": [3117, 3129]}, {"key": "mortgage-loan-documents", "type": "definition", "offset": [3140, 3163]}, {"key": "default-exists", "type": "clause", "offset": [3187, 3201]}, {"key": "payment-permitted", "type": "clause", "offset": [3219, 3236]}, {"key": "default-shall", "type": "definition", "offset": [3277, 3290]}, {"key": "default-by-the", "type": "clause", "offset": [3321, 3335]}, {"key": "for-purposes-of", "type": "clause", "offset": [3410, 3425]}, {"key": "the-definition-of", "type": "definition", "offset": [3430, 3447]}, {"key": "sequential-pay-event", "type": "definition", "offset": [3449, 3469]}, {"key": "provisions-of-the", "type": "clause", "offset": [3543, 3560]}, {"key": "commencing-proceedings", "type": "clause", "offset": [3588, 3610]}, {"key": "legal-proceedings", "type": "definition", "offset": [3698, 3715]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [3732, 3754]}, {"key": "specially-serviced-loan", "type": "definition", "offset": [3795, 3818]}, {"key": "provided-that", "type": "clause", "offset": [3821, 3834]}, {"key": "mortgage-loan-borrower", "type": "definition", "offset": [3994, 4016]}, {"key": "section-3", "type": "definition", "offset": [4197, 4206]}], "samples": [{"hash": "bIjPxi4U6aP", "uri": "/contracts/bIjPxi4U6aP#monetary-default", "label": "Agreement Among Noteholders (Citigroup Commercial Mortgage Trust 2018-C5)", "score": 29.4681720734, "published": true}, {"hash": "PSTGaEr3hC", "uri": "/contracts/PSTGaEr3hC#monetary-default", "label": "Agreement Among Noteholders (JPMDB Commercial Mortgage Securities Trust 2018-C8)", "score": 29.4517459869, "published": true}, {"hash": "2JGiyZA1OWL", "uri": "/contracts/2JGiyZA1OWL#monetary-default", "label": "Agreement Among Noteholders (UBS Commercial Mortgage Trust 2018-C9)", "score": 29.238193512, "published": true}], "snippet": "The Junior Noteholder (while it is the Controlling Noteholder) or its Operating Advisor (while the Junior Noteholder is the Controlling Noteholder) shall have the right, but not the obligation, to cure such Monetary Default after receiving the first Monetary Default Notice and until the period ending five (5) Business Days after receiving the second Monetary Default Notice (the \u201cCure Period\u201d) and at no other times. At the time a payment is made to cure a Monetary Default as permitted hereunder, the Junior Noteholder (or its Operating Advisor) shall pay or reimburse the Lead Securitization Noteholder for all unreimbursed Advances (whether or not recoverable with respect to the Lead Securitization Note or any Non-Lead Securitization Note, including principal and interest advances made with respect to such Non-Lead Securitization Note under the related Non-Lead Securitization Servicing Agreement), Advance Interest Amounts, any unpaid fees to any Servicer or Non-Lead Servicer specifically provided for in the Lead Securitization Servicing Agreement and any Additional Servicing Expenses. At any time (while the Junior Noteholder is the Controlling Noteholder) the Junior Noteholder or its Operating Advisor believes that a Monetary Default has occurred, the Junior Noteholder and its Operating Advisor shall have the right (i) to send a written notice to the Servicer requesting written confirmation as to whether a Monetary Default has occurred and is continuing and, if the Servicer provides any such written confirmation indicating that a Monetary Default has occurred and is continuing, the Junior Noteholder or its Operating Advisor may proceed with exercising its cure rights as set forth herein, and (ii) pending its receipt of any written confirmation described in the foregoing clause (i), to tender a cure payment to the Servicer in the amount it reasonably believes necessary to cure such potential Monetary Default, which cure payment shall either be (A) in the event a Monetary Default has occurred, retained and applied to the cure of such Monetary Default in accordance with the terms hereof, or (B) in the event that no Monetary Default has occurred, returned by the Servicer to the Junior Noteholder or its Operating Advisor, as applicable. If the amount of a cure payment tendered by the Junior Noteholder or its Operating Advisor in accordance with this Section 11(a) is less than the amount necessary to effect a cure of a Monetary Default, such payment shall not effect a cure, but the Junior Noteholder or its Operating Advisor may effect a cure if it pays any deficiency within the applicable Cure Period in accordance with this Section 11(a). If the amount of a cure payment tendered by the Junior Noteholder or its Operating Advisor exceeds the amount necessary to effect a cure, the Servicer shall return such excess to the Junior Noteholder or its Operating Advisor, as applicable. The Junior Noteholder or its Operating Advisor (to the extent it is permitted to effect a cure hereunder) shall not be required, in order to effect a cure hereunder, to pay any default interest or late charges under the Mortgage Loan Documents. So long as a Monetary Default exists for which a cure payment permitted hereunder is timely made, such Monetary Default shall not be treated as an Event of Default by the Lead Securitization Noteholder (or any Servicer on its behalf) (including for purposes of (1) the definition of \u201cSequential Pay Event,\u201d (2) accelerating the Mortgage Loan, modifying, amending or waiving any provisions of the Mortgage Loan Documents or commencing proceedings for foreclosure or the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings with respect to the Mortgaged Property; or (3) treating the Mortgage Loan as a Specially Serviced Loan); provided that such limitation shall not prevent the Lead Securitization Noteholder (or any Servicer on its behalf) from collecting default interest or late charges from the Mortgage Loan Borrower. Any amounts advanced by the Junior Noteholder or its Operating Advisor (to the extent permitted hereunder) to effect any cure shall be reimbursable to the Junior Noteholder under Section 3 or 4, as applicable.", "size": 9, "hash": "fce5776bdd35700b742e0c23e7db223f", "id": 5}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "failure-to-pay", "type": "clause", "offset": [133, 147]}, {"key": "financial-assets", "type": "clause", "offset": [178, 194]}, {"key": "received-by", "type": "definition", "offset": [195, 206]}, {"key": "in-accordance-with", "type": "definition", "offset": [210, 228]}, {"key": "days-after", "type": "definition", "offset": [351, 361]}, {"key": "delivery-of-a", "type": "clause", "offset": [369, 382]}, {"key": "notice-to-the", "type": "clause", "offset": [391, 404]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [410, 431]}, {"key": "exercise-of", "type": "clause", "offset": [467, 478]}, {"key": "pursuant-to-12", "type": "clause", "offset": [561, 575]}, {"key": "contractual-rights", "type": "definition", "offset": [646, 664]}, {"key": "the-documents", "type": "clause", "offset": [684, 697]}, {"key": "the-\u2587", "type": "clause", "offset": [781, 786]}, {"key": "secured-creditor", "type": "clause", "offset": [843, 859]}, {"key": "transfer-agreements", "type": "definition", "offset": [870, 889]}, {"key": "execution-of-transfer-documents", "type": "clause", "offset": [1000, 1031]}, {"key": "ordinary-course", "type": "definition", "offset": [1072, 1087]}, {"key": "in-order-to", "type": "clause", "offset": [1102, 1113]}, {"key": "other-obligation", "type": "clause", "offset": [1274, 1290]}, {"key": "issued-by", "type": "definition", "offset": [1303, 1312]}, {"key": "issuing-entity", "type": "clause", "offset": [1317, 1331]}, {"key": "satisfaction-of", "type": "clause", "offset": [1395, 1410]}, {"key": "obligations-of-the-insured", "type": "clause", "offset": [1415, 1441]}, {"key": "all-amounts-due", "type": "clause", "offset": [1548, 1563]}], "samples": [{"hash": "7m3TvnNzDJ2", "uri": "/contracts/7m3TvnNzDJ2#monetary-default", "label": "Repurchase Agreement", "score": 29.8911247253, "published": true}, {"hash": "a0r1VriyFCS", "uri": "/contracts/a0r1VriyFCS#monetary-default", "label": "Repurchase Agreement", "score": 28.0872001648, "published": true}, {"hash": "hlrN5GC79gB", "uri": "/contracts/hlrN5GC79gB#monetary-default", "label": "Repurchase Agreement", "score": 24.5586910248, "published": true}], "snippet": "If at any time after appointment, the FDIC as \u2587\u2587\u2587\u2587\u2587\u2587- vator or receiver is in a monetary de- fault under a securitization due to its failure to pay or apply collections from the financial assets received by it in accordance with the securitization doc- uments, whether as servicer or other- wise, and remains in monetary default for ten (10) business days after actual delivery of a written notice to the FDIC pursuant to paragraph (f) of this section requesting the exercise of con- tractual rights because of such mone- tary default, the FDIC hereby consents pursuant to 12 U.S.C. 1821(e)(13)(C) and 12 U.S.C. 1825(b)(2) to the exercise of any contractual rights in accordance with the documents governing such securitization, including but not lim- ited to taking possession of the \u2587\u2587\u2587\u2587\u2587- cial assets and exercising self-help remedies as a secured creditor under the transfer agreements, provided no involvement of the receiver or \u2587\u2587\u2587\u2587\u2587\u2587- vator is required other than such con- sents, waivers, or execution of transfer documents as may be reasonably re- quested in the ordinary course of busi- ness in order to facilitate the exercise of such contractual rights. Such con- sent shall not waive or otherwise de- prive the FDIC or its assignees of any seller\u2019s interest or other obligation or interest issued by the issuing entity and held by the FDIC or its assignees, but shall serve as full satisfaction of the obligations of the insured deposi- tory institution in conservatorship or receivership and the FDIC as \u2587\u2587\u2587\u2587\u2587\u2587- vator or receiver for all amounts due.", "size": 5, "hash": "1938a4eb56d1014a0a681ab044a0d8a5", "id": 10}, {"snippet_links": [{"key": "party-in-default", "type": "definition", "offset": [82, 98]}, {"key": "the-nature", "type": "clause", "offset": [164, 174]}, {"key": "calculation-of", "type": "clause", "offset": [179, 193]}, {"key": "the-bond", "type": "clause", "offset": [215, 223]}], "samples": [{"hash": "iWrfSToasZe", "uri": "/contracts/iWrfSToasZe#monetary-default", "label": "Subrecipient Agreement", "score": 35.0478553772, "published": true}, {"hash": "94U0pNwEQns", "uri": "/contracts/94U0pNwEQns#monetary-default", "label": "Maintenance Assessment District Management Agreement", "score": 33.6650123596, "published": true}, {"hash": "aHzveCKmEyz", "uri": "/contracts/aHzveCKmEyz#monetary-default", "label": "Business Improvement District Management Agreement", "score": 32.8090171814, "published": true}], "snippet": "A Monetary Default that continues for seven (7) calendar days after Notice to the Party in Default specifying in reasonable detail the amount of money not paid and the nature and calculation of each such amount, or the bond, surety or insurance not provided;", "size": 17, "hash": "fd9fdbcc5707c011f5d037effaa86b07", "id": 2}, {"snippet_links": [{"key": "with-respect-to-the-company", "type": "clause", "offset": [31, 58]}, {"key": "failure-by", "type": "clause", "offset": [64, 74]}, {"key": "capital-contribution", "type": "definition", "offset": [98, 118]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [156, 176]}, {"key": "this-agreement", "type": "clause", "offset": [191, 205]}, {"key": "business-days-of", "type": "clause", "offset": [244, 260]}, {"key": "actual-receipt", "type": "definition", "offset": [265, 279]}, {"key": "service-of", "type": "clause", "offset": [294, 304]}, {"key": "notice-of-demand", "type": "definition", "offset": [313, 329]}, {"key": "the-non", "type": "clause", "offset": [335, 342]}, {"key": "defaulting-member", "type": "clause", "offset": [343, 360]}, {"key": "payment-of", "type": "clause", "offset": [365, 375]}, {"key": "defaulted-amount", "type": "definition", "offset": [381, 397]}], "samples": [{"hash": "lKilKirBr8O", "uri": "/contracts/lKilKirBr8O#monetary-default", "label": "Limited Liability Company Agreement", "score": 29.3408622742, "published": true}, {"hash": "d6YKN3CPZVy", "uri": "/contracts/d6YKN3CPZVy#monetary-default", "label": "Limited Liability Company Agreement (Winter Sports Inc /New)", "score": 20.0, "published": true}, {"hash": "kUcrE843wvy", "uri": "/contracts/kUcrE843wvy#monetary-default", "label": "Limited Liability Company Agreement (Winter Sports Inc /New)", "score": 19.0, "published": true}], "snippet": "\u201cMonetary Default\u201d shall mean, with respect to the Company, the failure by any Member to make any Capital Contribution that such Member is required to make pursuant to Sections 3.2 or 3.3 of this Agreement, which failure is not cured within 10 business days of the actual receipt or refusal of service of written notice of demand from the Non-Defaulting Member for payment of such defaulted amount.", "size": 5, "hash": "2bb2b1b525d2dedb0e3566d59e8d2e01", "id": 9}, {"snippet_links": [{"key": "tenant-fails-to-pay", "type": "clause", "offset": [0, 19]}, {"key": "after-notice", "type": "definition", "offset": [100, 112]}, {"key": "from-landlord", "type": "clause", "offset": [113, 126]}, {"key": "financial-distress", "type": "clause", "offset": [128, 146]}, {"key": "section-149", "type": "clause", "offset": [160, 172]}, {"key": "curable-default", "type": "definition", "offset": [222, 237]}, {"key": "cure-periods", "type": "clause", "offset": [246, 258]}], "samples": [{"hash": "ixpBmcgEPsQ", "uri": "/contracts/ixpBmcgEPsQ#monetary-default", "label": "Office Lease (ArcherDX, Inc.)", "score": 31.4257354736, "published": true}, {"hash": "f3AMnibBgi1", "uri": "/contracts/f3AMnibBgi1#monetary-default", "label": "Sublease Agreement (ArcherDX, Inc.)", "score": 31.4257354736, "published": true}, {"hash": "iP2hLFXGpT1", "uri": "/contracts/iP2hLFXGpT1#monetary-default", "label": "Office Lease (ArcherDX, Inc.)", "score": 31.302532196, "published": true}], "snippet": "Tenant fails to pay any Rent when due, it is a Cureable Default and the cure period shall be 5 days after notice from Landlord. Financial Distress Default (See Section 14.9). An Involuntary Financial Distress Default is a Curable Default and the cure periods are set forth in Section 14.9. A Voluntary Financial Distress Default is not a Curable Default.", "size": 7, "hash": "a6cb3068a5f2f0742ccfc52b4575577b", "id": 7}, {"snippet_links": [{"key": "payment-of-money", "type": "clause", "offset": [26, 42]}, {"key": "due-date", "type": "definition", "offset": [77, 85]}, {"key": "written-demand", "type": "definition", "offset": [160, 174]}], "samples": [{"hash": "9uINEYKXfcO", "uri": "/contracts/9uINEYKXfcO#monetary-default", "label": "Loan Agreement (Lodging Fund REIT III, Inc.)", "score": 35.234085083, "published": true}, {"hash": "6FCVaox0Rl9", "uri": "/contracts/6FCVaox0Rl9#monetary-default", "label": "Loan Agreement (Lodging Fund REIT III, Inc.)", "score": 35.234085083, "published": true}, {"hash": "ekF3xCPauv1", "uri": "/contracts/ekF3xCPauv1#monetary-default", "label": "Loan Agreement (Lodging Fund REIT III, Inc.)", "score": 33.3696098328, "published": true}], "snippet": "If any Obligation for the payment of money is not paid within 10 days of the due date therefor, or if no specific due date is specified, then within 10 days of written demand from Lender.", "size": 5, "hash": "1a8200e40e8034b69fa6b3a3abfc38ee", "id": 8}, {"snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [3, 21]}, {"key": "principal-of", "type": "definition", "offset": [52, 64]}, {"key": "the-facility", "type": "definition", "offset": [80, 92]}, {"key": "due-and-payable", "type": "definition", "offset": [127, 142]}, {"key": "at-maturity", "type": "clause", "offset": [152, 163]}, {"key": "the-bank", "type": "definition", "offset": [202, 210]}], "samples": [{"hash": "b2LPNqAr5Z2", "uri": "/contracts/b2LPNqAr5Z2#monetary-default", "label": "Loan Agreement (Priority Healthcare Corp)", "score": 18.0, "published": true}], "snippet": "If the Borrower shall default in any payment of the principal of or interest on the Facility when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or", "size": 9, "hash": "c81bcb65efdc7376ae8e8eb6ff855ed8", "id": 6}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihltb25ldGFyeS1kZWZhdWx0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["events-of-default", "Events of Default"], ["default", "Default"], ["event-of-default", "Event of Default"], ["definitions", "DEFINITIONS"], ["events-of-default-remedies", "Events of Default Remedies"]], "title": "Monetary Default", "children": [["bankruptcy-or-insolvency", "Bankruptcy or Insolvency"], ["prohibited-liens", "Prohibited Liens"], ["nonmonetary-default", "Nonmonetary Default"], ["non-monetary-default", "Non-Monetary Default"], ["other-events", "Other Events"]], "size": 375, "id": "monetary-default", "related": [["non-monetary-default", "Non-Monetary Default", "Non-<strong>Monetary Default</strong>"], ["bankruptcy-defaults", "Bankruptcy Defaults", "Bankruptcy Defaults"], ["erisa-default", "ERISA Default", "ERISA Default"], ["covenant-default", "Covenant Default", "Covenant Default"], ["non-bankruptcy-defaults", "Non-Bankruptcy Defaults", "Non-Bankruptcy Defaults"]], "related_snippets": [], "updated": "2026-03-15T05:55:41+00:00", "also_ask": ["What are the most effective remedies to include for a monetary default?", "How can cure periods be structured to balance flexibility and protection?", "What are the key risks if monetary default is not clearly defined?", "How do monetary default provisions differ across jurisdictions or industries?", "What evidentiary standards do courts apply to enforce monetary default clauses?"], "drafting_tip": "Specify payment deadlines, define default triggers, and outline remedies to ensure clarity, prevent disputes, and facilitate enforcement.", "explanation": "A Monetary Default clause defines what constitutes a failure to make required payments under a contract. Typically, this clause specifies the types of payments covered\u2014such as fees, rent, or loan installments\u2014and outlines the conditions under which a party is considered in default, such as missing a payment deadline or failing to pay the full amount due. Its core function is to clearly establish the consequences of non-payment, thereby protecting the interests of the party expecting payment and providing a basis for remedies or enforcement actions if a default occurs."}, "json": true, "cursor": ""}}