Default Lien Sample Clauses

Default Lien. If Occupant fails to pay rent or comply with any other provision of the Agreement within seven (7) days after rent is due, the Company may elect to terminate this Agreement WITH NOTICE. Under the Provisions of RCW 59.001 (Texas Storage Facility Act), a lien is created on all property stored and documents in the ‘Items’ section in this agreement.
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Default Lien. In the event that the owners of the Eagle’s Nest Lot, the Leighton Lot, or Xxxxxxxxx’x Land default under this Agreement, and such default is not cured within thirty (30) days of receipt of written notice thereof from the Town, the Town shall have all remedies available at law or in equity, including without limitation the right to undertake such work on McDermott Way as is necessary and to submit an invoice to each property owner for that property owner’s share of the costs and expenses for the work, payable within thirty (30) days of the date of the invoice. Any amounts due hereunder and unpaid after said thirty (30) day period shall be a charge upon the responsible property owner, and shall be a continuing lien against that owner’s property in favor of the Town. Such lien shall be in the total amount due, together with interest and costs and expenses of enforcement including reasonable attorney’s fees and costs. Such lien shall have the same priority as liens created for the benefit of condominium associations under the Maine Condominium Act and may be enforced and foreclosed by the Town in the same manner as a lien under said Act or by any other means presently or hereafter provided by law or in equity. In any action to enforce this Agreement, the prevailing party shall be reimbursed for its reasonable attorney’s fees and costsMcDermott 3.00 Acres” and described in deeds recorded in the Cumberland County Registry of Deeds in Book 24300, Page 154; Book 26585, Page 144; and Book , Page (“Xxxxx’s Land”) is benefitted by an easement over McDermott Way as set forth in the deed recorded in said Registry in Book 26585, Page 144. The owner of Xxxxx’s Land is not a party hereto, and she, her heirs and assigns, shall retain the right to plow the portion of McDermott Way used to access Xxxxx’s Land, but shall have no obligations under this Agreement.
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Default Lien 
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Related to Default Lien

  • Default Notice As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Default Remedies Any one of the following occurrences shall constitute an ----------------- "EVENT OF DEFAULT" under this Note: (i) failure by the Maker to make any payment of principal or interest when the same becomes due and payable, said failure continuing for thirty (30) days or more; or (ii) if Maker shall fail to pay its debts, make an assignment for the benefit of its creditors, or shall commit an act of bankruptcy, or shall admit in writing its inability to pay its debts as they become due, or shall seek a composition, readjustment, arrangement, liquidation, dissolution or insolvency proceeding under any present or future statute or law, or shall file a petition under any chapter of federal Bankruptcy Code or any similar law, state or federal, now or hereafter existing, or shall become "insolvent" as that term is generally defined under the Federal Bankruptcy Code, or shall in any involuntary bankruptcy case commenced against it file an answer admitting insolvency or inability to pay its debts as they become due, or shall fail to obtain a dismissal of such case within sixty (60) days after its commencement or convert the case from one chapter of the Federal Bankruptcy Code to another chapter, or be the subject of an order for relief in such bankruptcy case, or to be adjudged a bankruptcy or insolvent, or shall have a custodian, trustee or receiver appointed for, or have any court take jurisdiction of its property, or any part thereof, in any proceeding for the purpose of reorganization, arrangement, dissolution or liquidation, and such custodian, trustee, liquidator or receiver shall not be discharged, or such jurisdiction shall not be relinquished, vacated or stayed within sixty (60) days of the appointment. Upon occurrence of an Event of Default hereunder, the entire outstanding principal balance and any unpaid interest then accrued under this Note, shall at the option of the Payee hereof and without demand or notice of any kind to the undersigned or any other person (including, but not limited to, any guarantor now or hereafter existing), immediately become and be due and payable in full. In such event, Payee shall have and may exercise any and all rights and remedies available at law or in equity.

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

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