Default or Breach of Terms. Any default or breach of the terms of this Charter by the management company shall constitute a default or breach under the terms of this Charter between the School and the Sponsor, and upon notice the School shall have the obligation and responsibility to cure such breach.
Default or Breach of Terms. In the event of default by Xxxxxx in payment of rent hereunder, or Xxxxxx’s breach of any terms of this lease, or if Lessee shall assign or attempt to assign said equipment or any interest therein, as security or otherwise, or if any lien or encumbrance is placed against said equipment by any person or entity claiming rights against Lessee, or if Lessee becomes insolvent or executes an assignments for the benefit or creditors, or if a voluntary or involuntary petition in bankruptcy is filed by or against Lessee, or if Lessee misuses or mishandles said equipment, or damages same, or attempts to remove said equipment from the State of New York without the consent of
d) In the event Lessor terminates this Lease by reason of Xxxxxx’s breach of this lease Lessor may recover from Lessee the value at the time of termination of the rent reserved for the balance of the rental term over the rent Lessor is actually able to secure for the said equipment or, if Lessor is unable to re-rent said equipment for the balance of the rental over the reasonable rental value; e) Lessor may pursue any other remedy at law or in equity and all such remedies are cumulative and may be exercised concurrently or separately. In the event Lessor is required to take any action, to enforce any legal rights or provisions of this Lease or to secure payment for damages or loss of rents, including arbitration or other steps, Lessor shall be entitled to attorney fees and costs incurred by it, whether Lessee or, Xxxxxx’s Insurer is ultimately responsible for the dispute or payment.
Default or Breach of Terms. In the event of default by Lessee in payment of rent hereunder, or Lessee’s breach of any terms of this lease, or if Lessee shall assign or attempt to assign said equipment or any interest therein, as security or otherwise, or if any lien or encumbrance is placed against said equipment by any person or entity claiming rights against Lessee, or if Lessee becomes
d) In the event Lessor terminates this Lease by reason of Lessee’s breach of this lease Lessor may recover from Lessee the value at the time of termination of the rent reserved for the balance of the rental term over the rent Lessor is actually able to secure for the said equipment or, if Lessor is unable to re-rent said equipment for the balance of the rental over the reasonable rental value; e) Lessor may pursue any other remedy at law or in equity and all such remedies are cumulative and may be exercised concurrently or separately. In the event Lessor is required to take any action, to enforce any legal rights or provisions of this Lease or to secure payment for damages or loss of rents, including arbitration or other steps, Lessor shall be entitled to attorney fees and costs incurred by it, whether Lessee or, Lessee’s Insurer is ultimately responsible for the dispute or payment.
Default or Breach of Terms. If a management company and/or education service provider will be operating the School, the contract between the management company and/or education service provider and the governing body of the School shall be submitted to the Sponsor prior to the approval of the School’s Charter. All amendments to the contract between the management company and/or education service provider and the governing body of the School shall be submitted to the Sponsor within five (5) days of execution. The contract between the governing body of the School and the management company and/or education service provider shall require that the management company and/or education service provider operate the School in accordance with the terms stipulated in the School’s Charter and all applicable laws, ordinances, rules, and regulations. The Governing Board cannot delegate its responsibility to the Sponsor to any other agency, management company or other contracted service provider. Any contract with a management company or other contracted service provider must be fully and continuously monitored by the Governing Board. Any default or breach of the terms of this Charter by the management company and/or education service provider shall constitute a default or breach under the terms of this Charter between the School and the Sponsor.
