Grounds for Default. This Agreement may be terminated by either Party (“Non- Defaulting Party”), pursuant to Article 12below, upon the occurrence of a material breach of this Agreement by the other Party (“Defaulting Party”), including, but not limited to, any of the circumstances delineated in Attachment 6.
Grounds for Default. Failure of the Resident to perform or abide by any of the obligations or conditions of this Lease Agreement or of the Rules and Regulations shall constitute a default. After default, or failure to comply with a notice to quit, as the case may be, Oakbrook may commence eviction proceedings. Failure to comply with Oakbrook Rules shall in all cases be a default and may also result in the commencement of eviction proceedings.
Grounds for Default. The Consultant is in default of the Airport Project Contract if the Consultant:
Grounds for Default. In addition to those instances specifically referred to in other provisions of this Agreement, including a Task Order, the Commissioner shall have the right to declare the Contractor in default of this Agreement or any Task Order issued hereunder if:
Grounds for Default. The occurrence of any one or more of the following events shall constitute a material default and breach of this Lease by Tenant:
Grounds for Default. Borrower shall be in default upon (a) failure of any Borrower or Grantor to pay any amount due to the Bank as agreed, (b) noncompliance with or nonperformance of any Borrower's or Grantor's obligations, affirmations, warranties or agreements hereunder or under any other instrument or agreement executed by any Borrower or Grantor in favor of the Bank now existing or hereafter arising, including, without limitation, any loan agreement, loan commitment, promissory note, deed of trust, security agreement or assignment, (c) the death, or declaration of incompetency, of any individual Borrower or any guarantor or other person or entity obligated to pay the indebtedness evidenced hereby (or the dissolution, merger or reorganization of any corporate Borrower or any corporate guarantor or other person or entity obligated to pay the indebtedness evidenced hereby), (d) loss or destruction of any collateral securing payment to the Bank, (e) filing of any petition in bankruptcy, reorganization or insolvency by or against any Borrower or Grantor or guarantor or other person or entity obligated to pay the indebtedness evidenced hereby, (f) determination by the Bank that any information supplied to the Bank by the Borrower or Grantor or any guarantor in connection with this credit is materially false or incomplete, (g) any guarantor failing to satisfy or comply with the terms of any guaranty agreement in favor of the Bank, (h) determination by the Bank that the prospect of payment of this obligation is impaired, or (i) the Bank deeming itself insecure.
