Nonmonetary Default definition

Nonmonetary Default means Tenant’s material: (a) failure to comply with any affirmative or negative covenant or obligation in this Lease, except a Monetary Default; or (b) breach of any representation or warranty (as of the date made or deemed made).

Nonmonetary Default means Lessee’s: (a) failure to comply with any affirmative or negative covenant or obligation in this Lease or in the Development Contract, except a Monetary Default; or(b) breach of any representation or warranty (as of the date made or deemed made).

Nonmonetary Default shall have the meaning given to such term in Section 5(a) hereof.

Examples of Nonmonetary Default in a sentence

• If a Nonmonetary Default cannot be cured within said 30-day period, Developer shall submit a written request to the City for an extension of time to cure the Nonmonetary Default supported by the reasons thereof.

• Developer shall immediately proceed with taking all action necessary to cure the Nonmonetary Default.

• If a default cannot be remedied by the payment of money (“ Nonmonetary Default”), Developer shall have thirty (30) calendar days from the receipt of written notice of such default in which to cure such Nonmonetary Default.

• If there is a curable default other than a Monetary Default (“Curable Nonmonetary Default”), Landlord shall not exercise any of the rights and remedies provided in in this Lease, or any remedies provided by law, unless the Curable Nonmonetary Default shall have continued for at least thirty days after notice to the Leasehold Mortgagee.

• If any other Nonmonetary Default occurs and Tenant does not cure it within 60 days after Notice from Landlord describing it in reasonable detail, or, in the case of a Nonmonetary Default that cannot with due diligence be cured within 60 days from such Notice, if Tenant shall not (y) duly commence such cure within such period and then diligently prosecute such cure to completion; and (z) complete such cure within a reasonable time under the circumstances (not necessarily limited to 60 days).

More Definitions of Nonmonetary Default

Nonmonetary Default means a failure by Maker to perform any obligation contained in this Note or any other Loan Document, other than the obligation to make the payments provided for in this Note or any other Loan Document. If the nonmonetary default is capable of being cured and cannot reasonably be made within the thirty (30) day cure period, the cure period shall be extended up to ninety (90) days so long as Maker has commenced action to cure within the thirty (30) day cure period, and in the Holder's opinion, Maker is proceeding to cure the default with due diligence. None of the foregoing shall be construed to obligate the Holder to forbear in any other manner from exercising its remedies and the Holder may pursue any other rights or remedies which the Holder may have because of the default.

Nonmonetary Default means, other than a Monetary Default, any breach by Tenant of its obligations under this Lease that has not been cured within the applicable cure period provided in this Lease.

Nonmonetary Default means Lessee’s: (a) failure to comply with any affirmative or negative covenant or obligation in this Lease or in the Development Contract, except a Monetary Default; or

Nonmonetary Default means a failure by Grantor or any other person or entity to perform any obligation contained in the Note or any other Loan Document, other than the obligation to make payments provided for in the Note or any other Loan Document. If a nonmonetary default is capable of being cured and the cure cannot reasonably be completed within the thirty (30) day cure period, the cure period shall be extended up to ninety (90) days so long as Grantor has commenced action to cure within the thirty (30) day cure period, and in Beneficiary's opinion, Grantor is proceeding to cure the default with due diligence. None of the foregoing shall be construed to obligate Beneficiary to forebear in any other manner from exercising its remedies and Beneficiary may pursue any other rights or remedies which Beneficiary may have because of a default.

Nonmonetary Default means Lessee’s: (a) failure to comply with any affirmative or negative covenant or obligation in this Lease (subject to Lessee’s right to cure during the applicable cure period after receipt of Notice as set forth in Article 22 of this Lease) or in the Development Agreement in any material respect after the giving of written notice and failure to cure within the applicable cure period as set forth in Section 13.1 of the Development Agreement and subject to Section 28.4), except a Monetary Default; or(b) breach by Lessee of any representation or warranty in any material respect (as of the date made or deemed made) made in this Lease (subject to Lessee’s right to cure during the applicable cure period after the receipt of Notice as set forth in Article 22 of this Lease).

Nonmonetary Default means a party’s material: (a) failure to comply with any affirmative or negative covenant or obligation in this Lease, except a Monetary Default; or

Nonmonetary Default shall have the definition set forth in the Default article of this Lease.