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
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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

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 Payment of Principal The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

  • 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

  • Default in Payment of Interest and Other Obligations The Borrower shall fail to pay when due any interest on any of the Loans or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document, or any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, and such failure shall continue for a period of 5 Business Days.

  • 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.

  • Payment of Default Interest Any interest which shall have accrued under Clause 16.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrower.

  • 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.

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