Redeveloper Event of Default definition

Redeveloper Event of Default means, with respect to the Redeveloper, an Event of Default as defined in Section 11.01.
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Redeveloper Event of Default means, with respect to the Redeveloper, an Event of Default as defined in Section 12.01
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Examples of Redeveloper Event of Default in a sentence

  • Any transfer of the Redeveloper's interest in violation of this Redevelopment Agreement shall be a Redeveloper Event of Default and shall be null and void ab initio.

  • The Borough shall not seek to enforce any of its remedies under this Agreement during the period in which any such Mortgagee is proceeding diligently and in good faith to cure a Redeveloper Event of Default.

  • The Township shall not seek to enforce any of its remedies under this Redevelopment Agreement during the period in which any such Mortgagee and tax credit investor in Redeveloper is proceeding diligently and in good faith to cure a Redeveloper Event of Default.

  • Any Transfer not constituting a Permitted Transfer under Section 6.03 hereof in violation of this Agreement shall be deemed to be a Redeveloper Event of Default and shall be null and void ab initio, and the occurrence of such Redeveloper Event of Default shall entitle the Borough to seek all available remedies under the terms of this Agreement including the right to terminate this Agreement and all other remedies available under the applicable law.

  • The Town shall not seek to enforce any of its remedies under this Agreement during the period in which any such Mortgagee is proceeding diligently and in good faith to cure a Redeveloper Event of Default.

  • The Borough shall not seek to enforce any of its remedies under this Redevelopment Agreement during the period in which any such Holder is proceeding diligently and in good faith to cure a Redeveloper Event of Default.

  • If the Mortgagee and/or tax credit investor in Redeveloper elects to cure the Event of Default within such sixty (60) day period, but has not completed such cure, then not later than every sixty (60) days thereafter until such Event of Default is cured, Redeveloper shall inform the Township that the Mortgagee and/or tax credit investor in Redeveloper is proceeding diligently to cure the Redeveloper Event of Default, and briefly describe the course of action being pursued to effectuate such cure.

  • In the event that the Borough terminates this Redevelopment Agreement following a Redeveloper Event of Default, Redeveloper’s designation as the redeveloper of the Project Site shall immediately terminate, together with Redeveloper’s rights as Redeveloper of the Project Site.

  • Failure to record the Assessment Agreement by June 30, 2012 shall be a Redeveloper Event of Default under this Agreement.

  • In the event of a termination caused by a Redeveloper Event of Default, any money remaining in the Escrow Account shall be disbursed to the Redeveloper within one hundred eighty (180) days after the termination of this Redevelopment Agreement and the terms of this Section 3.03 shall survive the termination of this Redevelopment Agreement for such one hundred eighty day period.

Related to Redeveloper Event of Default

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

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

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • Train Operator Event of Default has the meaning ascribed to it in paragraph 1.1 of Schedule 6;