monetary Events of Default definition

monetary Events of Default shall include any default or Event of Default with respect to Tenant's obligation to maintain insurance coverage pursuant to the provisions of Article XIII, provided, however, that in lieu of the notice and cure provision set forth in Article XIX, with respect to Tenant's failure in its obligation to maintain insurance coverage, Tenant shall have a period of five (5) days after Tenant receives written notice, which notice may be delivered by facsimile, of such failure to cure such failure.
Sample 1

Examples of monetary Events of Default in a sentence

  • The provisions of this Section shall only apply to the first two (2) monetary Events of Default of the same type in any period of twelve (12) consecutive calendar months.

  • The achievement of the results such as more comprehensive, reliable debt databases and enhanced knowledge of debt management will lead to improved capacity in DMOs for the recording, processing, monitoring, reporting and analysing the public debt.

  • Noteholder represents and warrants as of the date of this Agreement, that the Noteholder has no actual direct knowledge that there are any existing monetary Events of Default under the Loan Documents.

  • Provided Tenant has not committed any monetary Events of Default pursuant to this Lease for a further period of twelve (12) consecutive months, and further provided that there are no pending defaults by Tenant on the 37th month of this Lease which remain uncured after any applicable cure period, the amount of the Letter of Credit may be further reduced to $80,000.00.

  • If possible, Borrower counsel should also try to narrow the restriction to material and monetary Events of Default.

  • If any Leasehold Mortgagee, within such thirty (30) day period, (i) notifies County of such Leasehold Mortgagee’s desire to cure such Event of Default, and (ii) pays or cause to be paid the amount that is necessary to cure any monetary Events of Default as stated in such notice, then Section 18.6 shall apply.

  • A recommended condition of consent requires a boundary fencing details to be approved by Council and installed prior to occupancy.

  • I would like to acknowledge and thank our hard working and dedicated employees and service delivery partner organizations for the important role they play in ensuring that the services and supports provided by the department meet themany and varied needs of Manitobans.

  • As used herein, “ROFO Exercise Conditions” mean (i) there exists no ongoing “Event of Default” (as defined in Section 7.1) and there have not previously been more than four (4) monetary Events of Default during the Term, (ii) Tenant has not assigned this Lease or sublet more than thirty percent (30%) of the Premises (except for an assignment or subletting permitted under Section 5.7.4 hereof) and (iii) this Lease is still in full force and effect.

  • For each pupil who began the school year performing proficiently in reading and declines in proficiency, as determined by the department, over the school year, 0 points.

Related to monetary Events of Default

  • Events of Default has the meaning specified in Section 6.01.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Event of Default has the meaning specified in Section 8.01.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Issuer Event of Default means the occurrence of any of the following events:

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Owner Event of Default has the meaning set forth in Section 20.3.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.