Remedies for Tenant Defaults Sample Clauses

Remedies for Tenant Defaults. A. In the event of a Tenant Default that has a material adverse effect on Manager or its Affiliates, Manager shall have the right to: (1) terminate this Agreement with respect to the applicable Hotel under which such Tenant Default arose as expressly provided in this Agreement; (2) terminate this Agreement as to all Hotels that are at such time subject to this Agreement by written notice to Tenant, which Termination shall be effective as of the effective date which is set forth in said notice, provided that said effective date shall be at least sixty (60) days (or such longer period required by applicable Legal Requirements concerning the termination of Hotel employees) after the date of such notice; and (3) institute forthwith any and all proceedings permitted by law or equity (provided they are not specifically barred under the terms of this Agreement), including, without limitation, actions for specific performance and/or damages. In the event of a Termination as described in this Section 9.07, Manager shall retain all of its rights under the Owner Agreement. The parties agree that a Tenant Default under Sections 9.06.A, 9.06.B, 9.06.C, 9.06.D and/or 9.06.F will (x) be deemed to have a material adverse effect on Manager or its Affiliates and (y) except as otherwise expressly set forth herein, shall be the only provisions for which a Tenant Default thereof shall give rise to Manager’s right to terminate this Agreement; provided, however, that a Tenant Default under Section 9.06.D will only be deemed to have a material adverse effect on Manager or its Affiliates to the extent that such Tenant Default arises from Tenant’s failure to make any payment (or cause to be made any payment by any Affiliate of Tenant which is party thereto) required to be made under any Renovation-Related Agreement, Tenant’s failure to provide sufficient Additional Working Capital in accordance with the provisions of Section 4.05.A hereof or Tenant’s failure to provide sufficient Reserve funds in accordance with the provisions of Sections 5.07.B and 5.07.D hereof. Notwithstanding the provisions of this Section 9.07.A, so long as a Hotel is subject to a Qualified Mortgage or owned by a Person who acquired such interest pursuant to a Qualified Mortgage (or a deed-in-lieu in connection therewith), Manager shall not exercise the termination right provided for in this Section 9.07.A if the Tenant Default described herein arises under Section 9.06.A, 9.06.B or 9.06.C and is also a defaul...
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Remedies for Tenant Defaults. A. In the event of a Tenant Default, Manager shall have the right to institute forthwith any and all proceedings permitted by law or equity (provided they are not specifically barred under the terms of this Agreement), including, without limitation, actions for specific performance and/or damages. Except as expressly provided in this Agreement, Manager shall have no right to terminate this Agreement by reason of a Tenant Event of Default or a Tenant Default. In the event of a termination as described in this Section 9.07 with respect to any Hotel, Manager shall retain all of its rights under the Owner Agreement with respect to such Hotel.
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Remedies for Tenant Defaults. 47 9.08 GOOD FaiTh DispUte BY TeNant...................................................................47 9.09
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Related to Remedies for Tenant Defaults

  • Remedies for Default In the event either party is in default under this Contract, the non- defaulting party may, at its option, pursue any or all of the remedies available to it under this Contract, including termination for cause, and at law or in equity.

  • Events of Default Remedies on Default Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise:

  • Events of Default Rights and Remedies on Default 10.1 Events of Default 10.2 Acceleration of the Obligations

  • LESSOR'S REMEDIES ON DEFAULT If Lessee defaults in the payment of rent or defaults in the performance of any of the other covenants or conditions hereof, Lessor may give Lessee notice of such default and if Lessee does not cure any such default within thirty (30) days after the giving of such notice (or if the default is of a nature that it cannot be completely cured within such period, if Lessee does not commence such cure within such thirty (30) days and thereafter proceed with reasonable diligence and in good faith to cure such default), then Lessor may terminate this Lease on not less than thirty (30) days' notice to Lessee. On the date specified in such notice, the term of this Lease shall terminate and Lessee shall then quit and surrender the Premises to Lessor, without extinguishing Lessee’s liability. If this Lease shall have been so terminated by Lessor, Lessor may at any time thereafter resume possession of the Premises by any lawful means and remove Lessee or other occupants and their effects.

  • Remedies for Events of Default If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of the Notes then outstanding may declare all the Notes to be immediately due and payable. If a bankruptcy or insolvency default with respect to the Company or any of its Significant Subsidiaries occurs and is continuing, the Notes automatically become immediately due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of at least a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of any trust or power.

  • Defaults Remedies (a) It shall be an Event of Default:

  • Remedies; Obtaining the Collateral Upon Default Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law and under the other provisions of this Agreement, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the laws in effect in all relevant jurisdictions and may:

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Additional Remedies of Trustee Upon Event of Default During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 6.14, shall have the right, in its own name and as trustee of the Trust Fund, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filings of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.

  • Defaults and Remedies Section 6.01.

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