Acceptance of Recognized Mortgagee's Performance Sample Clauses

Acceptance of Recognized Mortgagee's Performance. The City and the City Entities shall accept performance by the Recognized Mortgagee of any covenant, condition or agreement on Company’s part to be performed under this Agreement with the same force and effect as though performed by the Company.
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Acceptance of Recognized Mortgagee's Performance. Subject to the provisions of Section 11.5 hereof, Landlord shall accept performance by the Recognized Mortgagee or an Institutional Investor of any covenant, condition or agreement on Tenant’s part to be performed hereunder, except for the obligations of Tenant which are not susceptible of being performed by a Recognized Mortgagee or an Institutional Investor, with the same force and effect as though performed by Tenant. In the event of a Default under Article 24 (other than a Funding Failure Default), a Recognized Mortgagee may exercise its rights under Section 11.4 hereof.
Sample 1
Acceptance of Recognized Mortgagee's Performance. Subject to the provisions of Section 11.6 hereof, Landlord shall accept performance by a Recognized Mortgagee of any covenant, condition or agreement on Tenant's part to be performed hereunder with the same force and effect as though performed by Xxxxxx.
Sample 1

Related to Acceptance of Recognized Mortgagee's Performance

  • Excuse from performance of obligations If the Affected Party is rendered wholly or partially unable to perform its obligations under this Agreement because of a Force Majeure Event, it shall be excused from performance of such of its obligations to the extent it is unable to perform on account of such Force Majeure Event; provided that:

  • Excuse for Nonperformance or Delayed Performance Except with respect to defaults of subcontractors, Contractor/Vendor shall not be in default by reason of any failure in performance of this contract in accordance with its terms (including any failure by Contractor/Vendor to make progress in the prosecution of the work hereunder which endangers such performance) if Contractor/Vendor has notified the Commission or designee within 15 days after the cause of the delay and the failure arises out of causes such as: acts of God; acts of the public enemy; acts of the State and any other governmental entity in its sovereign or contractual capacity; fires; floods; epidemics; quarantine restrictions; strikes or other labor disputes; freight embargoes; or unusually severe weather. If the failure to perform is caused by the failure of a subcontractor to perform or to make progress, and if such failure arises out of causes similar to those set forth above, Contractor/Vendor shall not be deemed to be in default, unless the services to be furnished by the subcontractor were reasonably obtainable from other sources in sufficient time to permit Contractor to meet the contract requirements. Upon request of Contractor, the Commission or designee shall ascertain the facts and extent of such failure, and, if such officer determines that any failure to perform was occasioned by any one or more of the excusable causes, and that, but for the excusable cause, Contractor’s progress and performance would have met the terms of the contract, the delivery schedule shall be revised accordingly, subject to the rights of the State under the clause entitled (in fixed-price contracts, “Termination for Convenience,” in cost-reimbursement contracts, “Termination”). (As used in this Paragraph of this clause, the term “subcontractor” means subcontractor at any tier).

  • Determination of Responsiveness 28.1 The Procuring Entity's determination of a Tender's responsiveness is to be based on the contents of the Tender itself, as defined in ITT28.2.

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