Default Period. In a case where the Lessee has neglected to submit rent payment for a number of days, the Lessor will be entitled to assess a penalty amount. Record the number of days after the missed due date the Lessor shall wait before adding an owed penalty amount to the original rent amount the Lessee owns.
Default Period. If the Tenant has violated this lease in a way that implies he or she will not honor its contents and/or continue residing in the premises without any notice given by him or her, then the Landlord will need to pursue any actions needed to collect any money owed. Before the Landlord can take such measures he or she will often be required by the local jurisdiction to give the Tenant notice of this status. The number of days the Landlord will wait for a Tenant response before continuing to the next stage should be documented. Occupants (18)
Default Period. Subject to cure provisions, a Default Period with respect to a particular series of Tortoise Notes will commence on any date the Company fails to deposit irrevocably in trust in same-day funds, with the Paying Agent by 12:00 noon, New York City time,
Default Period. Subject to cure provisions, a "Default Period" with respect to a particular series of Energy Notes will commence on any date the Fund fails to deposit irrevocably in trust in same-day funds, with the Paying Agent by 12:00 noon, New York City time, (A) the full amount of any declared interest on that series payable on the Interest Payment Date (an "Interest Default") or (B) the full amount of any redemption price (the "Redemption Price") payable on the date fixed for redemption (the "Redemption Date") (a "Redemption Default" and together with an Interest Default, hereinafter referred to as "Default"). Subject to cure provisions, a Default Period with respect to an Interest Default or a Redemption Default shall end on the Business Day on which, by 12:00 noon, New York City time, all unpaid interest and any unpaid Redemption Price shall have been deposited irrevocably in trust in same-day funds with the Paying Agent. In the case of an Interest Default, the Applicable Rate for each Rate Period commencing during a Default Period will be equal to the Default Rate, and each subsequent Rate Period commencing after the beginning of a Default Period shall be a Standard Rate Period; provided, however, that the commencement of a Default Period will not by itself cause the commencement of a new Rate Period. No Auction shall be held during a Default Period with respect to an Interest Default applicable to that series of Energy Notes. No Default Period with respect to an Interest Default or Redemption Default shall be deemed to commence if the amount of any interest or any Redemption Price due (if such default is not solely due to the willful failure of the Fund) is deposited irrevocably in trust, in same-day funds with the Paying Agent by 12:00 noon, New York City time within three Business Days after the applicable Interest Payment Date or Redemption Date, together with an amount equal to the Default Rate applied to the amount of such non-payment based on the actual number of days comprising such period divided by 365 for each series. The Default Rate shall be equal to the Reference Rate multiplied by three.
Default Period. The Mortgagee will have the same period after receipt of the Notice of Default to remedy the default, or cause the same to be remedied, as is given to Lessee under Section 3.5.
Default Period. If the Lessee has violated this lease in a way that assumes that he will not honor his content and / or continue to live in the premises without notice by him, then the Owner will have to take all measures necessary to collect
Default Period on the first day of each calendar month during such Un-Accelerated Section 6.7 Default Period, after Administrative Agent has (A) caused the payment, or has reserved for the payment, of all amounts then due and payable with respect to the Obligations pursuant to Section 4(b) hereof, and (B) reserved sums in the Cash Management Account in the amount of the then applicable Reserve Amount, upon the written request of the Borrower, the Administrative Agent shall determine the amount of excess cash on deposit in the Cash Sweep Account net of such payments and reserved sums (the “Excess Cash”), and deliver to Cash Management Bank, with a copy to the Borrower, written instructions to disburse the Excess Cash to a General Account as directed in writing by Borrower. Any Excess Cash deposited in such a General Account shall be applied by Borrower in accordance with the second sentence of Section 2(b). Without limiting the Administrative Agent’s rights under this Agreement, from time to time, the Administrative Agent may deliver disbursement instructions to Cash Management Bank with a copy to the Borrower. The Cash Management Bank shall be entitled to rely upon any instruction received from the Administrative Agent, without any duty to make independent investigation or verification of any such direction. Upon the occurrence of a Cash Sweep Event Cure, the Cash Sweep Event shall be deemed cured. In such event, such Cash Sweep Period shall no longer be outstanding and any funds contained in the Cash Sweep Account not otherwise applied or disbursed by the Administrative Agent in accordance with this Agreement or the other Credit Documents, shall be distributed to the applicable Credit Party, so long as no Event of Default would result therefrom.
Default Period. DEBTOR shall be in default under this Security Agreement on the happening of any of the following events ("Event of Default"):
(a) Default in the payment or observance of DEBTOR'S obligations as described from time to time in this Agreement, which has not been cured within five (5) business days after notice;
(b) Loss, theft, substantial damage, destruction, sale, or encumbrance to or of any of the COLLATERAL, or the making of a levy, seizure, or attachment thereof or thereon, and the COLLATERAL has not been substantially replaced within fourteen (14) days following written notice from SECURED PARTY;
(c) The occurrence of a default under the Note and/or any of the other Related Agreement which remains uncured after the expiration of any applicable cure period.
Default Period. 13 4.1 Default and Acceleration Notices................................................................ 13 4.2 General Authority of the Collateral Agent over the Collateral...................................
Default Period. 45 Section 7.1 Default and Acceleration Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
