Definition of Tenant Monetary Default


Tenant Monetary Default means (i) a default by any tenant in the payment of scheduled rent under its Lease which continues beyond any applicable grace period, or (ii) the filing of any petition or the commencement of any case or proceeding by or against any tenant under any provisions or chapter of the Federal Bankruptcy Code or any other federal or state law relating to insolvency, bankruptcy, rehabilitation, liquidation or reorganization.
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Examples of Tenant Monetary Default in a sentence

Tenant's failure to pay when due all or any portion of the Rent, if the failure continues for 5 days after written notice to Tenant ("Monetary Default").
Tenant's failure to pay when due all or any portion of the Rent, if the failure continues for 3 days after written notice to Tenant ("Monetary Default").
Tenant's failure to pay when due all or any portion of the Rent, if the failure continues for 5 Business Days after written notice to Tenant ("Monetary Default").
Tenant's failure to pay when due (including after expiration of all grace periods) all or any portion of the Rent, if the failure continues for a period of 5 Business Days after written notice to Tenant ("Monetary Default").
Tenants failure to pay when due all or any portion of the Rent, if the failure continues for 3 days after written notice to Tenant (Monetary Default).