Default by Renter Sample Clauses

The 'Default by Renter' clause defines the circumstances under which a renter is considered to have failed to meet their obligations under a rental agreement. Typically, this includes actions such as not paying rent on time, violating terms of use, or causing damage to the property. When a default occurs, the clause outlines the remedies available to the landlord, such as the right to terminate the lease, seek damages, or pursue eviction. Its core practical function is to protect the landlord by providing clear consequences for non-compliance, thereby encouraging the renter to fulfill their contractual duties.
Default by Renter. If Renter defaults in punctually paying any rent due as described above, or if any execution or other writ or process shall be issued in any action or proceeding against the Renter, where the equipment may be seized or taken or distrained, or if Renter shall enter into any arrangement or composition with Renter's creditors, or if Renter should breach any other term, covenant, or condition of this Agreement, then and in any such event, Rentee shall have the right to retake immediate possession of the equipment and for such purpose Rentee may enter upon any premises where the equipment may be and with or without notice of its intention to retake the equipment, without being liable to any suit or action or proceeding by Renter. In the event of default, Rentee shall be entitled to recover all monthly rents and reimbursements in arrears and/or due and owing at the time of default, together with interest at the highest legal rate allowed by law and all costs and expenses incurred by Rentee in enforcing its rights under this Agreement, including without limitation, attorneys’ fees.
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Default by Renter. Renter shall be in default of this Facilities Use Agreement; (A) if it fails to pay any amount due under this Facilities Use Agreement; (B) if it breaches any provisions of this Facilities Use Agreement or any rules and regulations promulgated by HCC; (C) if it violates any applicable laws or ordinances during its use of the Facility or (D) if it should dissolve or cease doing business as a going concern or become insolvent or bankrupt. For any other breach, HCC may pursue any other remedies available to it either by procedure, policy or at law or equity, including but not limited to, cancellation of Renter’s Facilities Use Agreement to use the Facility. All sums due and owing to HCC under this Facilities Use Agreement, or any addendum thereto shall bear interest at a rate of eighteen percent (18%) per annum computed daily from the date due until the date paid. The rights and remedies hereto given to HCC shall be deemed cumulative and no single or partial exercise of a right or remedy shall preclude any other or further exercise of a right or remedy. HCC shall be under no obligation to re-rent the Facility.
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Default by Renter. If Renter defaults in the payment of any sum of money to be paid under any of the Rental Agreement(s) between the parties (including any extension thereof) and such default continues for a period of ten (10) days after the same is due and payable; or if Renter fails to perform any covenant or condition required to be performed by Renter which failure shall not be remedied within ten (10) days after notice thereof by Administrator and/or Equipment Provider to Renter; or if Renter shall dissolve, make or commit any act of bankruptcy, or if any proceeding under any bankruptcy, or insolvency statute or any laws relating to relief of debtors is commenced by Renter, or if any such proceeding is commenced against Renter and same shall not have been removed within thirty (30) days of the date of the filing thereof; or if an order, judgment or decree be entered by a court of competent jurisdiction and continues unpaid and in effect for any period of thirty (30) consecutive days without a stay of execution; or if a writ of attachment or execution is levied on any Equipment and is not discharged within ten (10) days thereafter, the Program Administrator or Equipment Provider may exercise one or more of the following remedies with respect to the Equipment: 8.1. Immediately terminate this Agreement and Renter’s rights hereunder and recover from Renter the value, at the time of termination, of the rental due for the Equipment hereunder. 8.2. Require Renter to return the Equipment to the Administrator or Equipment Provider, depending upon in which entity title rests, at Renter’s expense. If Renter fails to so comply, Administrator or Equipment Provider may take possession of the Equipment without demand or notice and without court order or legal process, and, thereupon, Renter’s right to use shall terminate, but Renter shall remain liable for the total rent for the initial or any subsequent extension or renewal term of this Agreement as set forth in the Rider(s) hereto. Renter hereby waives any damages occasioned by such taking of possession whether or not Renter was in default at the time possession was taken, so long as Administrator or Equipment Provider reasonably believes that Renter was in default at such time; 8.3. Sell the Equipment, at public or private sale for cash or credit, or re-rent the Equipment to such persons, at such rental and for such period of time as Administrator or Equipment Provider shall elect. Administrator or Equipment Provider shall apply th...
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Default by Renter. Renter shall be in default for failure to perform any of its obligations under this Agreement one (1) business day after School has notified Renter in writing of specific obligations not being performed. Default by Renter shall entitle School to any remedy afforded it by Indiana law and reimbursement of costs, expenses, attorney fees, and court costs incurred by School.
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Default by Renter. The Renter shall be considered to be in “default” under the present agreement on the occurrence of any of the following events: ⮚ Renter has failed to pay any sum when due under the Listing, or ⮚ Renter has failed to notify ▇▇▇▇▇▇ and Stozy of a change in Renter’s address, e-mail address, or phone number as required in these terms; or ⮚ Renter has provided false or incorrect information to ▇▇▇▇▇▇ or to Stozy; or ⮚ Renter fails to schedule and take delivery of the Renter’s Items within 30 (thirty) calendar days of the last billing cycle prior to the termination of the Agreement; or ⮚ Renter has failed to comply with any other provision of these Terms, or any supplemental rules in the Listing or provided by ▇▇▇▇▇▇. Failure of Stozy or ▇▇▇▇▇▇ to enforce any of these Terms shall not constitute waiver of such Term(s).
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Default by Renter. If the Renter, in any way, fails to observe, keep or perform any of the provisions of the agreement, Owner shall have the right to exercise any or more of the following remedies: (1) To terminate this agreement as any and to all items of equipment, (2) To declare the entire payment due hereunder immediately due and payable, and to pursue all legal remedies in the payment thereof, (3) To retake possession of the rented equipment holding Renter fully liable for all rentals, and (4) To pursue any and other remedies legally available to Owner.
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Default by Renter. Default or non-compliance by the Renter of any of the terms as contained in paragraphs 4, 5 and 6 herein may result in immediate termination of this Agreement, at the sole option of Clear Lake Self Storage. Clear Lake Self Storage reserves the right to inspect the Unit, on 24 hours notice to the Renter, to ensure that the Renter is in compliance with the terms of this Agreement.
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Default by Renter. If any default is made in the payment of the required rent or security deposit, or in any of the terms and provisions of this Agreement, the Township may at any time declare this Agreement terminated and prevent the use of the facility by the Renter, as well as the use of any Township facility in the future.
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Default by Renter. Should Renter default in the payment of any installment of rent or compliance with any other provisions of this Agreement, Owner may, terminate this Agreement, and Renter shall be responsible to Owner for payment of the remaining balance of all unpaid rents or monthly installments of the rental term, and Owner may institute all remedies provided by law and as set forth in this Agreement.
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Related to Default by Renter

  • Default by Tenant In addition to provisions of Article 8 of the ----------------- Lease, Tenant shall be deemed to be in default with respect to the License in the event that (a) Tenant shall fail to pay the License Fees within ten (10) days after Tenant's receipt of Landlord's written notice of such failure to pay; provided Landlord shall be required to give such notice only twice in any twelve (12) month period and thereafter Tenant shall be in default if any such payment is not received when due and without notice, or (b) Tenant shall fail to maintain the Tenant Equipment in good order and repair and in a safe condition as provided in this Exhibit and shall fail to remedy that condition within [(i)] twenty-four (24) hours after notice from Landlord [if such failure has an adverse effect on Landlord or other tenants of the Building or creates a possibility of immediate harm to person or property or (ii) thirty (30) days after notice from Landlord in all other circumstances], or (c) Tenant shall fail to maintain all necessary licenses and permits with respect to the operation of the Tenant Equipment. Upon a default by Tenant with respect to the License, Landlord may, at Landlord's sole election, pursue the remedies granted to Landlord for default under the Lease or, in the alternative, terminate any License granted hereunder without terminating the Lease or terminating Tenant's right to possession of the Leased Premises under the Lease.

  • Events of Default by Tenant If (i) Tenant fails to pay any Rent on the date due (a “Monetary Default”); or (ii) Tenant fails to cure any other default, such as, but not limited to, the performance of any other covenant or agreement of this Lease, or any rules and regulations attached to this Lease, or promulgated by Landlord under this Lease (a “Nonmonetary Default”); or (iii) Tenant fails to fulfill any of the material terms or conditions of this Lease following the giving of applicable notice and opportunity to cure or (iv) the appointment of a trustee or a receiver to take possession of all or substantially all of Tenant’s assets occurs, or if the attachment, execution or other judicial seizure of all or substantially all of Tenant’s assets located at the Premises, or of Tenant’s interest in this Lease, occurs, or (v) Tenant or any of its successors or assigns or surety of Tenant’s obligations should file any voluntary petition in bankruptcy, reorganization or arrangement, or an assignment for the benefit of creditors or for similar relief under any present or future statute, law or regulation relating to relief of debtors, or (vi) Tenant or any of its successors or assigns should be adjudicated bankrupt or have an involuntary petition in bankruptcy, reorganization or arrangement filed against it which is not dismissed within ninety (90) days, or (vii) Tenant shall permit, allow or suffer to exist any lien, judgment, writ, assessment, charge, attachment or execution upon Landlord’s or Tenant’s interest in this Lease or to the Premises, and/or the fixtures, and improvements and furnishings located thereon and fails within thirty (30) days either to discharge the same or provide a bond transferring same, then, Tenant shall be in default hereunder, or (viii) the leasehold estate granted to Tenant by this Lease is taken on execution or other process of law or equity in any action against Tenant.

  • Default by Landlord Landlord shall not be in default unless Landlord fails to perform obligations required of Landlord within a reasonable time, but in no event earlier than thirty (30) days after written notice by Tenant to Landlord and to the holder of any first mortgage or deed of trust covering the Premises whose name and address shall have heretofore been furnished to Tenant in writing, specifying wherein Landlord has failed to perform such obligations; provided, however, that if the nature of Landlord's obligations is such that more than thirty (30) days are required for performance, then Landlord shall not be in default if Landlord commences performance within such thirty (30) day period and thereafter diligently prosecutes the same to completion.

  • Default by Lessee The following events shall be deemed to be events of default by Lessee under this Agreement (each such event of default is hereinafter referred to as an "Event of Default"): A. Lessee shall fail to timely pay any monthly rental payment as referenced in paragraph 3 above or any other sum of money due hereunder and such failure shall continue for a period of ten days; B. Lessee shall fail to comply with any provision of this Agreement not requiring the payment of money, all of which provisions shall be deemed material, and such failure shall continue for a period of twenty days after written notice of such default is delivered to Lessee; C. Lessee shall become insolvent or fail to pay its debts as they become due or Lessee notifies Lessor that it anticipates either condition; D. Lessee takes any action to file a petition under any section or chapter of the United States Bankruptcy Code or under any similar law or statute of the United States or any state thereof or a petition shall be filed against Lessee under any such statute or Lessee or may creditor of Lessee notifies Lessor that it knows such a petition will be filed or Lessee notifies Lessor that it expects such a petition to be filed; or E. A receiver or trustee shall be appointed for Lessee's leasehold interest in the Premises or for all or a substantial part of Lessee's assets. Upon the occurrence of an Event of Default, Lessor may at its option and without further notice to Lessee, and in addition to all other remedies given hereunder or by law or in equity, do any one or more of the following: (A) terminate this Agreement, in which event Lessee shall immediately surrender possession of the Premises to Lessor; (B) enter upon the Premises and expel or remove Lessee and/or Lessee's Equipment therefrom, with or without having terminated this Agreement; and (C) change or re-key all locks to entrances to the Site and Lessor shall have no obligation to give Lessee notice thereof or to provide Lessee with a new key to the Site. The exercise by Lessor of any one or more remedies hereunder shall not constitute an acceptance of the surrender of the Premises by Lessee. Lessee acknowledges that a surrender of the Premises can be effected only by a written agreement between Lessor and Lessee. If Lessor terminates this Agreement by reason of an Event of Default, Lessee shall pay to Lessor the sum of (A) the cost of recovering the Premises; (B) the unpaid monthly payments and all other indebtedness accrued hereunder to the term of such termination; (C) to the extent the same were not paid, the cost of repairing, altering or otherwise putting the Premises into a condition acceptable to a new tenant or tenants (if Lessor elects to so relet) (collectively, the "Reletting Expenses"); (D) all expenses incurred by Lesser in enforcing Lessor's remedies, including attorneys' fees and court costs; (B) the total monthly payments and other benefits which Lessor would have received under this Agreement for the remainder of the term, minus any net sums thereafter received by Lessor through reletting the Premises during such period; and (F) any other damages or relief which Lessor may be entitled to at law or in equity. Lessee shall not be entitled to any excess rent obtained by Lessor reletting the Premises. If Lessor repossesses the Premises without terminating this Agreement by reason of an Event of Default, then Lessee shall pay to Lessor the sum of (A) the cost of recovering the Premises; (B) the unpaid monthly payments and all other indebtedness accrued hereunder to the date of such repossession; (C) the Reletting Expenses; (D) all expenses incurred by Lessor in enforcing Lessor's remedies, including attorneys' fees and court costs; (B) the total monthly payments and other benefits which Lessor would have received under this Agreement for the remainder of the term, minus any net sums thereafter received by Lessor through reletting the Premises during such period; and (F) any other damages or relief which Lessor may be entitled to at law or in equity. Re-entry by Lessor will not affect the obligations of Lessee for the unexpired term of this Agreement. Lessee shall not be entitled to any excess rent obtained by Lessor reletting the Premises, Actions to collect amounts due by Lessee may be brought on one or more occasions without the necessity of Lesson's waiting until the expiration of the term of this Agreement. Upon termination of this Agreement or repossession of the Premises due to an Event of Default, Lessor shall not be obligated to relet or attempt to relet the Premises or any portion thereof or to collect rent after reletting, but Lessor shall have the option to relet the whole or any portion of the Premises for any period to any tenant and for any use and purpose.

  • Default by Lessor Lessor shall not be in default unless Lessor fails to perform obligations required of Lessor within a reasonable time, but in no event later than thirty (30) days after written notice by Lessee to Lessor and to the holder of any first mortgage or deed of trust covering the Premises whose name and address shall have theretofore been furnished to Lessee in writing, specifying wherein Lessor has failed to perform such obligation; provided, however, that if the nature of Lessor's obligation is such that more than thirty (30) days are required for performance then Lessor shall not be in default if Lessor commences performance within such 30-day period and thereafter diligently prosecutes the same to completion.