Remedy of Defaults by Mortgagees Sample Clauses

Remedy of Defaults by Mortgagees. If a mortgage of the Sublessee’s interest in this Sublease has been registered in the Registry then the mortgagee thereunder shall be entitled to receive notice of and cure any Event of Default pursuant to and within the applicable time frame provided for in Section 21.2 or, in the event any default is not reasonably capable of being remedied within the time frame set out in Section 21.2, within such longer time period as is reasonable in the circumstances provided the mortgagee immediately commences to cure the default and then diligently prosecutes to conclusion all acts necessary to cure the default. Any curing of an Event of Default by the mortgagee shall be construed as a curing of the Event of Default by the Sublessee. No notice of an Event of Default shall be effective as against any such mortgagee unless and until a copy of such notice has been provided to the mortgagee at the address specified by the mortgagee as set out above, and any such notice to the mortgagee shall be provided as set out in Part 29 of this Sublease.
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Remedy of Defaults by Mortgagees. If a mortgagee of the Sublessee’s interest in this Sublease has provided written notice to the Sublessor advising of such mortgage, the mortgagee shall be entitled to receive notice at the address for delivery set out in the mortgage of the Sublessee’s interest registered in the Indian Lands Registry or such other address for delivery specified in writing by the mortgagee of and cure any Event of Default pursuant to and within the applicable time frame provided for in Section 21.2 or, in the event any default is not reasonably capable of being remedied within the time frame set out in Section 21.2, within such longer time period as is reasonable in the circumstances provided the mortgagee immediately commences to cure the default and then diligently prosecutes to conclusion all acts necessary to cure the default. Any curing of an Event of Default by the Mortgagee shall be construed as a curing of the Event of Default by the Sublessee. No notice of an Event of Default shall be effective as against any such mortgagee unless and until a copy of such notice has been provided to the mortgagee at the address specified by the mortgagee as set out above, and any such notice to the mortgagee shall be provided as set out in Part 31 of this Sublease.
Sample 1

Related to Remedy of Defaults by Mortgagees

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

  • Events of Default and Remedies Section 8.01

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

  • EVENT OF DEFAULT/REMEDIES 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Waiver of Default Upon the happening of any default hereunder:

  • NON-WAIVER OF DEFAULT The failure or delay by either party hereto to enforce or exercise at any time any of the rights or remedies or other provisions of this Agreement shall not be construed to be a waiver thereof, not affect the validity of any part of this Agreement or the right of either party thereafter to enforce each and every such right or remedy or other provision. No waiver of any default or breach of the Agreement shall be held to be a waiver of any other default and breach.

  • Defaults and Remedies Section 6.01.

  • Effect of Default If Tenant is in Default, Landlord is irrevocably authorized, as Tenant’s agent and attorney-in-fact, to direct any transferee under any sublease, license or other occupancy agreement to make all payments under such agreement directly to Landlord (which Landlord shall apply towards Tenant’s obligations hereunder) until such Default is cured. Such transferee shall rely upon any representation by Landlord that Tenant is in Default, whether or not confirmed by Tenant.

  • Events of Default by Seller In addition to the Events of Default described in Section 9.1, each of the following shall constitute an Event of Default by Seller hereunder:

  • Default and Remedies Either of the following constitutes cause to declare this Contract, or any Participating Entity order under this Contract, in default:

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