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 the cure provisions in paragraph 2(e)(iii) below, a "Default Period" will commence on any date the Trust fails to deposit irrevocably in trust with the Auction Agent, not later than 12:00 Noon, New York City time, (A) on any Dividend Payment Date, in funds available on such Dividend Payment Date in The City of New York, New York, the full amount of any dividend (whether or not earned or declared) to be paid on such Dividend Payment Date on the Preferred Shares (a "Dividend Default") or (B) on any redemption date set by the Trust with respect to any Preferred Shares, in funds available on such redemption date in The City of New York, New York, the full amount of any Redemption Price to be paid on such redemption date for any Preferred Shares with respect to which a Notice of Redemption has been mailed pursuant to paragraph 8(c) of Part I of this Section 11.1 (a "Redemption Default," and together with a Dividend Default, hereinafter referred to as a "Default"); provided, however, that the foregoing clause (B) shall not apply to the Trust's failure to pay the Redemption Price in respect of Preferred Shares when the related Notice of Redemption provides that redemption of such shares is subject to one or more conditions precedent and any such condition precedent shall not have been satisfied at the time or times and in the manner specified in such Notice of Redemption. Subject to the cure provisions of paragraph 2(e)(iii) below, a Default Period with respect to a Dividend Default or a Redemption Default shall end on the Business Day on which, by 12:00 noon, New York City time, all unpaid dividends and any unpaid Redemption Price, as applicable, shall have been deposited irrevocably in trust in same-day funds with the Auction Agent. The Applicable Rate for each Dividend Period commencing during a Default Period will be equal to the Default Rate, and each subsequent Dividend Period commencing during a Default Period shall be a Minimum Rate Period; provided, however, that the commencement of a Default Period will not by itself cause the commencement of a new Dividend Period. No Auction shall be held during a Default Period. The "Default Rate" shall be equal to the Reference Rate multiplied by three (3).
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. In the event of a material breach by either party to this Agreement, this Agreement may be terminated by the non-defaulting party if such default is not cured within ten (10) days after the delivery of written notice of such default to the defaulting party. The ten (10) day notice, however, shall not apply to any breach by a party resulting from fraud, criminal, intentional or reckless misconduct. Any breach resulting from fraud, criminal, intentional or reckless misconduct shall result in the contract being terminated upon written notice being provided to the defaulting party.
Default Period. 13 4.1 Default and Acceleration Notices................................................................ 13 4.2 General Authority of the Collateral Agent over the Collateral...................................
Default Period. For purposes hereof, "Default Period" means a period commencing on the date a Default Event occurs and ending, as the case may be: (a) upon redemption of the full number of shares of Preferred Stock required under paragraphs 3(a)(3) and payment of the full redemption price therefor; (b) upon the cure and irrevocable waiver of the payment default referred to in clause (b) of paragraph 6(b)(4) above; (c) upon the cure or irrevocable waiver of the default referred to in clause (c) of paragraph 6(b)(4) above, provided that the indebtedness so accelerated has been reinstated to previously-stated maturities and the Corporation's lenders have ceased to exercise control over any material assets of the Corporation; (d) upon the cure or irrevocable waiver of the default referred to in clause (d), (f) or (g) of paragraph 6(b)(4) above; (e) upon the cure or irrevocable waiver of the default referred to in clause (e) of paragraph 6(b)(4) above; or (f) the dismissal, revocation or termination of the proceedings described in clause (h) of paragraph 6(b)(4) above.
Default Period. Failure to return Equipment by the specified period will result in a charge of $100 per day. After the 7th day you will be charged for the full value of the Equipment. If not paid within 48 hours, the account will be sent to collections.
Default Period. Bankruptcy, Insolvency, Assignment for Benefit of Creditors........9 ARTICLE XII....................................................................9
