Default under Lease. An Event of Default (as defined in the Lease) shall occur under the Lease or the Lease shall be terminated or otherwise cease to be in full force and effect.
Default under Lease. The occurrence of a default under the Lease that is not cured within the applicable grace periods set forth in the Lease, shall be a default under this Mortgage.
Default under Lease. Any Lease shall at any time be terminated other than by its terms or cease to be in full force and effect other than by its terms, or there shall exist a Default or a Lease Event of Default under, and as defined in, any of the Leases; or
Default under Lease. Subject to the terms and conditions hereof, ------------------- Sublessee covenants and agrees to refrain from doing or causing to be done, or permitting any act to be done by Sublessee's employees, agents, contractors, and invitees, which would constitute a default under the Lease or would cause the Lease or the rights of Sublessor as lessee under the Lease to be terminated or surrendered, or which would make Sublessor liable for any damages, claims or penalty under the Lease. Sublessee agrees that Sublessor shall have no liability to Sublessee as a consequence of Lessor's failure or delay in performing its obligations under the Lease, unless such failure or delay is a result of a "Sublessor's Lease Default". For purposes of this Sublease, the term "Sublessor's Lease Default" shall mean a default by Sublessor under the Lease which default is not due to a default by Sublessee hereunder with respect to the same obligation. Sublessee's obligations hereunder (including without limitation the obligation of Sublessee to pay Rents defined in Paragraph 5.4 below) shall not be impaired nor shall the performance thereof be excused because of any failure or delay on Lessor's part in performing its obligations under the Lease unless (i) such failure or delay results from Sublessor's being in default under the Lease and Sublessor's default thereunder is not due to a default of Sublessee hereunder, or (ii) such failure or delay results from Sublessor's negligence or willful misconduct. Under no circumstances shall Sublessee have the right to require performance by Sublessor of Lessor's obligations. In the event of the termination of Sublessor's interest as lessee under the Lease for any reason (other than a Sublessor's Lease Default), then this Sublease shall terminate concurrently therewith without any liability of Sublessor to Sublessee. Notwithstanding the foregoing or any provision herein to the contrary, Sublessor (i) at its sole cost shall perform all its obligations and comply with all conditions and terms of the Lease to the extent such obligations are not assumed by Sublessee under this. Sublease, and (ii) shall, pursuant to Paragraph 8 hereof, at Sublessee 5 request use diligent efforts to enforce a against Lessor all provisions benefiting Sublessee set forth in the Lease.
Default under Lease. Prior to the completion of the Expansion Improvements by Tenant, in the event that Tenant defaults under this Lease (and fails to timely cure such default) after Tenant has exercised its Expansion Option, Landlord may, at its option, elect to: (a) cause Tenant to suspend construction of the Expansion Improvements until such default is cured and in such event, Tenant shall be responsible for, and promptly reimburse Landlord, for any and all costs incurred resulting from such Tenant default and suspension of construction; or (b) terminate construction of the Expansion Improvements and remove the partially constructed Expansion Improvements, in which event Tenant shall reimburse Landlord for all costs incurred by Landlord in removing the partially constructed Expansion Improvements, and Landlord may exercise any or all of its other rights and remedies under this Lease; or (c) complete construction of the Expansion Improvements pursuant to this Rider No. 1, and Landlord may exercise any or all of its other rights and remedies under this Lease, including, but not limited to realizing on the Expansion Improvements Security, as hereinafter defined. Notwithstanding any election previously made by Landlord pursuant to the prior sentence, Landlord may, at any time until construction of the Expansion Improvements is substantially complete, further elect to invoke any option set forth in clauses (a) or (c) of the preceding sentence in lieu of any previously elected option. The rights and remedies of Landlord under this Rider No. 1 are cumulative of any other rights and remedies of Landlord elsewhere provided in this Lease, at law or in equity.
Default under Lease. An Event of Default (as defined in the Lease) shall occur under the Lease.
Default under Lease. (a) In the event of a default under or repudiation of the Lease the Indemnifier waives any right to require the Bank prior to making any demand hereunder to:
(i) Proceed against the Lessee or pursue any rights or remedies with respect to the Lease;
(ii) Proceed against or exhaust any security of the Lessee held by the Bank;
(iii) Pursue any other remedy whatsoever in the power of the Bank.
(b) In the event of termination of the Lease, except by surrender accepted by the Bank, or in the event of disclaimer of the Lease pursuant to any statute, then at the option of the Bank the Indemnifier shall execute a new lease of the Collateral with the Bank as lessor and the Indemnifier as lessee for a term equal in duration to the residue of the term of the Lease remaining unexpired at the date of such termination or such disclaimer. Such lease shall contain like lessor's and lessee's obligations respectively and like covenants, provisos, agreements and conditions in all respects as are contained in the Lease.
Default under Lease. Any Aircraft Lease shall at any time be terminated (other than by its terms) or cease to be in full force and effect (other than by its terms), or there shall exist a Default or a Lease Event of Default under, and as defined in, any of the Aircraft Leases; or
Default under Lease. Subtenant represents that Landlord has agreed to accept Subtenant’s cure of a default by Tenant under the Lease as the cure thereof by Tenant. In connection therewith, Tenant agrees that Subtenant shall have the right to cure any default by Tenant under the Lease that has continued beyond the applicable notice and/or cure period set forth in the Lease, on the following terms and conditions: With respect to a monetary default by Tenant under the Lease that has continued beyond the applicable notice and/or cure period set forth in the Lease, Subtenant shall notify Tenant in writing contemporaneously with Subtenant’s exercise of its right to cure such default. With respect to a non-monetary default by Tenant under the Lease that has continued beyond the applicable notice and/or cure period set forth in the Lease, prior to curing any such default, Subtenant shall notify Tenant in writing of Subtenant’s intent to cure such default, which notice shall also include a reasonably detailed statement of the manner in which Subtenant intends to cure such default. If Tenant does not commence and thereafter diligently pursue the cure of such failure promptly after receipt of Subtenant’s notice, then Subtenant may pursue the cure of such failure in the manner set forth in its statement; provided, however, that Subtenant’s cure of such default shall be in accordance with the terms and provisions of the Lease and this Sublease (including, without limitation, any consent or approval rights of Landlord and Tenant relating to the performance of alterations).
Default under Lease. In the event that Tenant shall be in default under the Lease beyond any applicable grace period and Landlord gives notice of any such default to Subtenant, then, from the date upon which Landlord gives such notice to Subtenant until such time as Landlord rescinds said notice or takes other action pursuant to Section 4 hereof, Subtenant shall make all payments of base rent, additional rent, and all other charges due under the Sublease directly to Landlord by unendorsed check made payable solely to Landlord at the address designated by Landlord in said notice. All such payments shall be credited, upon collection by Landlord only against any sums due Landlord by Tenant under the Lease. Tenant hereby authorizes payment by Subtenant to Landlord pursuant to this Section 9. Landlord may exercise its rights under this Section 9 on one or more occasions, and from time to time, as often as Landlord desires, and the rights granted to it hereunder shall apply in each event of default by Tenant under the Lease. The acceptance of any such payments from Subtenant shall not be deemed an acceptance of Subtenant as tenant under the Lease or an attornment to Landlord under the Sublease nor shall it release Tenant from any of its obligations under the Lease.
