Default in General Sample Clauses

Default in General. If the Lessee defaults in the payment of rent when due, or if the Lessee violates or neglects to fulfill any of the covenants and agreements under this Agreement or under the Culture Agreement or under the Spring Agreements, and such default continues for thirty (30) days after written notice by the Lessor to the Lessee specifying the breach or default, the Lessor and his attorney(s), heir(s), representative(s), or assign(s) shall have the right to: (1) terminate this Lease, to re-enter into and to repossess the Premises and to remove and put out Lessee and each and every other occupant either by summary proceedings or other lawful means and to recover immediately those damages permitted by law, and/or (2) terminate the Lessee's right of possession, repossess the Premises, and without terminating this Lease, relet the Premises, and recover its damages from time to time as permitted by law.
Sample 1
Default in General. In addition to the right provided by Section 805 and to Edison's termination rights provided for elsewhere in this Agreement, if LICENSEE shall default in any other respect in performing any action required under this Agreement, Edison shall have the right to terminate the Agreement or to cancel any particular license affected, and the termination or cancellation shall be effective upon the expiration of 30 days after notice to LICENSEE provided that the default has not been cured within that time. Where, however, such default cannot reasonably be cured within such thirty (30) day period, if the defaulting party shall proceed promptly to cure the same and prosecute such cure with due diligence, the time for curing such default shall be extended for an amount of time as may be reasonably necessary to complete such cure. Termination of this Agreement shall not release LICENSEE from any liability or obligation to continue to pay rentals at the rates provided in Article IV for such time as LICENSEE's attachments remain on the poles or from the obligation to pay any costs of removal.
Sample 1
Default in General. Failure of Lessee to pay any Rent or to comply with any term, covenant, or condition of this Lease within thirty (30) days after written notice by Lessor describing the nature of the default. Furthermore, if any Event of Default threatens to cause serious harm to Lessor or other tenants or persons, then Lessor shall not be required to serve any notice before proceeding to request immediate injunctive relief. If Xxxxxx begins in good faith to cure the Event of Default within the thirty (30) day period but needs additional time to complete the cure, then Lessor shall grant Lessee additional time to complete the cure. Failure to pay Rent, however, is strictly limited to the thirty (30) day cure period and the time will not be extended for an Event of Default for failure to pay Rent. Violation of the same Lease provision three or more times shall be an automatic Event of Default for which there may be no cure period, in Xxxxxx’s sole discretion.
Sample 1

Related to Default in General

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Default in Performance (i) Any Loan Party shall fail to perform or observe any term, covenant, condition or agreement on its part to be performed or observed and contained in Section 8.4.(h) or Article IX.; or (ii) Any Loan Party shall fail to perform or observe any term, covenant, condition or agreement contained in this Agreement or any other Loan Document to which it is a party and not otherwise mentioned in this Section, and in the case of this subsection (b)(ii) only, such failure shall continue for a period of 30 days after the earlier of (x) the date upon which a Responsible Officer of the Borrower or such other Loan Party obtains knowledge of such failure or (y) the date upon which the Borrower has received written notice of such failure from the Administrative Agent.

  • Default in Payment of Principal of Loans and Reimbursement Obligations The Borrower shall default in any payment of principal of any Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise).

  • Post-Default Interest Upon the occurrence, and during the continuance, of any Event of Default, the unpaid principal amount of each Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the rate per annum otherwise required to be paid on such Advance in accordance with subsection (a), (b) or (c) above; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such Advance immediately prior to the date on which such amount became due.

  • Compounding of default interest Any such interest which is not paid at the end of the period by reference to which it was determined shall thereupon be compounded.

  • Action if Other Event of Default If any Event of Default (other than any Event of Default described in clauses (i) through (iv) of Section 9.1(h)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Lender may, by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall terminate.

  • Default in Performance of Certain Covenants Any Borrower or any other Credit Party shall default in the performance or observance of any covenant or agreement contained in Sections 7.1, 7.2 or 7.4(a)(i)(A) or Articles IX or X.

  • Default in Other Agreements (i) Failure by Holdings, the Borrower or any of its Restricted Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in clause (a) above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by Holdings, the Borrower or any of its Restricted Subsidiaries with respect to any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness (other than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by any Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided that clause (ii) of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder; provided, further, that any failure described under clauses (i) or (ii) above is unremedied and is not waived by the holders of such Indebtedness prior to any termination of the Commitments or acceleration of the Loans pursuant to this Article VII; or

  • Report-In Pay An employee who reports to work on a regularly scheduled workday without previous notice not to report shall receive a minimum of four (4) hours work or four (4) hours pay in lieu thereof at the applicable hourly rate.

  • Default in Performance of Other Covenants and Conditions Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any term, covenant, condition or agreement contained in this Agreement (other than as specifically provided for in this Section) or any other Loan Document and such default shall continue for a period of thirty (30) days after the earlier of (i) the Administrative Agent’s delivery of written notice thereof to the Borrower and (ii) a Responsible Officer of the Borrower having obtained knowledge thereof.