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.
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.
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...
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.
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).
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.
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.
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.
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.