Examples of Event of Default by Lessor in a sentence
Upon the occurrence and continuance of an Event of Default by Lessor, Lessee may, after giving Lessor thirty (30) days' written notice, except as modified as forth herein, exercise one or more of the following remedies: g.
The following shall each constitute an Event of Default by Lessor.
Notwithstanding anything in the Lease to the contrary, Lessee shall not be required to pay the Make-Whole Premium if the obligation to pay the same results from an Event of Default by Lessor under the Debt Documents providing such Event of Default is not caused by or otherwise related to a Lease Event of Default.
Should an Event of Default by Lessee occur hereunder, Lessor may, by written notice to Lessee, initiate the procedures contained in Section 12.6. Should an Event of Default by Lessor occur hereunder, Lessee may, by written notice to Lessor, initiate the procedures contained in Section 12.6. This Lease may not be terminated by Lessee or Lessor as a result of the occurrence of an Event of Default by the other Party hereunder.
Item No. 33(a): Extra on erection rates for stringing work manually under Item No. 6(a) to 7(c).
In such event, Lessee may, regardless of whether this Agreement has been terminated by the Chief Financial Officer, institute such legal action against Lessor as Lessee may deem necessary to compel the performance of such obligation or to recover damages therefor; provided, however, that Lessor=s default shall not relieve any Agency of its obligation to make rental payments pursuant to any Agency Lease in effect prior to the occurrence of such Event of Default by Lessor.
In the event of an occurrence of an Event of Default by Lessor, the Lessee shall have the right to exercise the following exclusive rights and remedies in the event an Event of Default exists for a period of sixty (60) or more consecutive days: a.
Upon an Event of Default by Lessor, Lessee shall have the right to terminate this Lease upon not less than thirty (30) days’ written notice to Lessor.
If an Event of Default by Lessor shall have occurred and be continuing, Lessee, after Notice to Lessor (which Notice shall not be required if Lessee shall reasonably determine immediate action is necessary to protect person or property), without waiving or releasing any obligation of Lessor and without waiving or releasing any Event of Default by Lessor, may (but shall not be obligated to), at any time thereafter, make such payment or perform such act for the account and at the expense of Lessor.
Except as otherwise provided in this Lease, in the Event of Default by Lessor, Lessee shall be entitled to any remedies available at law or in equity.