A Default. Any action or inaction or omission by You or any guest or visitor or occupant that causes a "strike" to be placed on any property owned or managed by Us shall be a default of the Lease.
A Default under the Note or Borrower's failure to perform its obligations under this Agreement shall constitute a default under this Agreement.
A Default gives LANDLORD the right (without further notice except as hereinafter expressly provided) to: (a) immediately reenter the Leased Premises, change the locks, and remove all persons and property; (b) at TENANT's expense, store or sell said property for TENANT's account; (c) treat said property as abandoned upon TENANT's failure to remove it within ten (10) days of written demand to remove; (d) make alternations and repairs; (e) without terminating the Lease, relet all or part of the Leased Premises, at TENANT's expense and for its account, on such terms, for such rentals, and for such a term as LANDLORD in its sole discretion deems advisable and/or (f) resort to any other remedy authorized by this Lease or by statute, law or equity. Whether or not LANDLORD reenters and/or relets the Leased Premises, TENANT will remain liable for all periods in which this Lease is in full force and not terminated, for the Gross Rent, Base Rent, Additional Rent and utilities due hereunder, subject only to a credit for rentals received from a substitute tenant over and above expenses of reletting and other sums due hereunder. Additionally, whether or not LANDLORD has already resorted to any other above- mentioned right, LANDLORD may elect, by giving a written notice, to terminate the Lease effective as of any date specified in the notice. No act, including the re-entering and/or reletting, except the giving of such notice, shall be deemed a termination, or acceptance of surrender of the Lease. Upon said effective date, TENANT will comply with any surrender provisions. TENANT will be liable for (a) all expenses and damages incurred by LANDLORD resulting, whether before or after termination, from a Default, including without limitation reasonable attorney's fees and brokers' fees to obtain a new tenant, reclaiming possession and alteration or repair costs to obtain a new tenant and (b) 10% interest on any sum due under the Lease, from the date 10 days after the date due. Whether or not LANDLORD terminates the Lease, LANDLORD may elect, by giving written notice, to accelerate unaccrued rent and hold TENANT immediately liable for the net present value of the excess of the Gross (if applicable) and Base rents payable during the remainder of the Lease term over the reasonable rental value (on a triple net basis) of the Lease Premises for such period, using a 10% discount rate, plus LANDLORD's cost to relet the Leased Premises and to prepare the Leased Premises for a new tenant and o...
Examples of A Default in a sentence
A Default or Event of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the case of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has been waived in writing by the Required Lenders.
A "Default" by Lessee is defined as a failure by Lessee to observe, comply with or perform any of the terms, covenants, conditions or rules applicable to Lessee under this Lease.
A Default or breach of this Agreement by a Party shall not relieve either Party of the obligation to comply with the ERCOT Protocols.
A "Default" is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or rules under this Lease.
A Default or an Event of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the case of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has been waived in writing by Required Lenders.
More Definitions of A Default
A Default. (as defined in the Lease) has occurred by Inflow, Inc. under that certain Lease Agreement between Inflow, Inc. and (the "Lease") and Tenant has failed to cure its default after the expiration of any applicable cure period and therefore the EXHIBIT "A" ----------- EXHIBIT A Land ---- [DIAGRAM] EXHIBIT "B" ----------- Premises, including parking area and equipment area EXHIBIT B Premises -------- [DIAGRAM] EXHIBIT "C" ----------- Landlord and Tenant agree to attach the Plans and Specifications of the Premises for the tenant improvements to be constructed by Tenant prior to the Commencement Date. Tenant shall submit its Plans and Specifications for the initial improvements on or before February 1, 2000. Landlord's review of such Plans and Specifications shall be performed in accordance with the provisions of the Addendum attached to this Lease.
A Default. (other than an Event of Default) is "CONTINUING" if it has not been remedied or waived and an Event of Default or Certain Funds Event of Default is "CONTINUING" if it has not been remedied or waived.
A Default has occurred and is continuing under the Loan Agreement by reason of the Borrower's failure to maintain a minimum consolidated Fixed Charge Coverage Ratio of at least 1.10 to 1 for the Fiscal Quarter ending on September 30, 1997, as required under Section 10.1(a) of the Loan Agreement (the "Existing Default"), as a result of which the Lenders are entitled to exercise the rights and remedies provided for in the Loan Agreement. The Borrower has requested that the Lenders waive the Existing Default, modify certain financial covenants and amend certain other provisions of the Loan Agreement, and the Lenders have agreed, upon and subject to the terms, conditions and provisions of this Amendment.
A Default. (as defined in the Lease) has occurred by Inflow, Inc. under that certain Office Lease Agreement between Inflow, Inc. and Miami North LLC (the "Lease") and Tenant has failed to cure its default after the expiration of any applicable cure period, and therefore the undersigned is entitled to the amount set forth in the draft. It is a condition of this Letter of Credit that it will be deemed automatically renewed without an amendment for a period of one (1) one year from the present or each future expiration date unless at least thirty 30) days prior to such expiry date we notify you in writing sent by overnight mail that we elect not to renew this Letter of Credit for such additional period. In no event shall this letter of credit be automatically extended beyond December 31, 2001.
A Default means the occurrence of any of the following:
A Default means:
A Default. (as defined in the Credit Agreement) shall exist under the Credit Agreement, or the credit facilities evidenced by the Credit Agreement shall cease to exist for any reason whatsoever, whether through prepayment, refinancing, expiration, termination or otherwise."