PAYMENTS IN EVENT OF DELINQUENCY Sample Clauses

PAYMENTS IN EVENT OF DELINQUENCY. In the event that Lessee fails to pay the taxes, insurance, utility bills, service bills and assessments or other charges specified in section 6.1 above, which are otherwise not part of the ground lease, Lessor may increase, but shall not be obligated to increase, Lessee’s ground Lease Fee in an amount that will offset the cost of any delinquent and current charges, and make such payments in a timely manner.
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PAYMENTS IN EVENT OF DELINQUENCY. In the event that Homeowner fails to pay the taxes or other charges specified in Section 6.1 above, IHT may increase, but shall not be obligated to increase, Homeowner’s Ground Lease Fee in an amount that will offset the cost of any delinquent and current taxes or other charges relating to the Improvements and Leased Premises. Upon collecting any such amount, IHT shall pay the amount collected to the taxing authority in a timely manner or reimburse itself for any payments made by it on Homeowner’s behalf.
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PAYMENTS IN EVENT OF DELINQUENCY. In the event that the Lessee fails to pay the Taxes or other charges specified in Section 6.2 above which are not otherwise part of the Lease Fee, the CLT may increase the Lease Fee payments by the Lessee so that the total sum collected will offset the cost of any delinquent and current Taxes or other charges, and make such payments in a timely manner.
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PAYMENTS IN EVENT OF DELINQUENCY. In the event that Land Lessee fails to pay the Improvement Taxes or other charges specified in Section 6.2 above which are not otherwise part of the Land Lease Fee, Land Owner may increase Land Lease Fee payments in amounts such that the total sum collected will offset the cost of any delinquent and current Improvement Taxes or other charges, and make such payments in a timely manner.
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PAYMENTS IN EVENT OF DELINQUENCY. If the Lessee fails to pay the taxes or other charges specified in Section 5.1 and Section 5.2, above, premiums on the insurance policies required under Section 8.4, or any other amounts which the Lessee is obligated to pay pursuant to this Lease which relate to the protection or preservation of value of the Project Real Property the Owner may pay such amounts and in turn increase, the Lessee’s Lease Fee in an amount that will offset the cost of any delinquent and current amounts or other charges relating to Flat Creek Apartments and the Project Real Property.‌
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PAYMENTS IN EVENT OF DELINQUENCY. If Lessee fails to pay the Taxes or other charges specified in Section 6.2 above which are not otherwise part of the Ground Rent, Lessor may (i) make such payments directly and then charge Lessee such amounts paid as additional rent, or (ii) increase Ground Rent payments in amounts such that the total sum collected will offset the cost of any such delinquent and current Taxes and other such charges, and thereafter make such payments in a timely manner.
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Related to PAYMENTS IN EVENT OF DELINQUENCY

  • Train Operator Events of Default The following are Train Operator Events of Default:

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Payment of Debt or Delinquency to the State Pursuant to §§2107.008 and 2252.903, Texas Government Code, Contractor agrees any payments owing to Contractor under this Agreement may be applied directly toward any debt or delinquency Contractor owes the State of Texas or any agency of the State of Texas, regardless of when it arises, until paid in full.

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Termination on Material Default 30.2.1 The Authority may terminate this Framework Agreement for material Default by issuing a Termination Notice to the Supplier where:

  • Authority Event of Default Any of the following events shall constitute an event of default by the Authority ("Authority Event of Default”), when not caused by a Developer Event of Default:

  • Actions in Event of Breach Upon Contractor’s material breach, the Department may:  terminate this contract under Section 17.1 and pursue any of its remedies under this contract, at law, or in equity; or  treat this contract as materially breached and pursue any of its remedies under this contract, at law, or in equity. Upon the Department’s material breach, Contractor may:  terminate this contract under Section 17.2 and pursue any of its remedies under this contract, at law, or in equity; or  treat this contract as materially breached and, except as the remedy is limited in this contract, pursue any of its remedies under this contract, at law, or in equity.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • TERMINATION DUE TO CHANGE IN FUNDING ‌ 35 In the event funding from HCA, MCO, State, Federal, or other sources is withdrawn, reduced, or limited 36 in any way after the effective date of this Contract and prior to its normal completion, either party may 37 terminate this Contract subject to re-negotiations.

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