Default Under Leases. Mortgagor fails duly to perform its obligations under any Material Lease (as such term is defined in the Credit Agreement), and such failure is not cured within the grace period, if any, provided in the Material Lease.
Default Under Leases. Grantor fails duly to perform its obligations under any Material Lease (as such term is defined in the Credit Agreement), and such failure is not cured within the grace period, if any, provided in the Material Lease.
Default Under Leases. Other than as set forth on Schedule 9.29, to the best of Contributor's knowledge, there has been no default or any claim of default, and no event has occurred which with notice or lapse of time or both would constitute a default, under any Lease, and to Contributor's knowledge no Tenant has asserted or has any defense, set off, or claim with regard to his tenancy pursuant to the lease, any law or otherwise.
Default Under Leases. If there is a default by RCD under the Ground Floor Lease.
Default Under Leases. If there is a default by St. Paul's under the Ground Floor Lease or the Sublease.
Default Under Leases. The occurrence of a default under a ground lease, lease, sublease, or other real property agreement affecting the Building;
Default Under Leases. The surrender, abandonment, termination (excluding termination rights afforded to Borrower thereunder and the enforcement of Borrower’s other rights and remedies thereunder) or rescission of any Major Lease by reason of an act or omission of Borrower; or
Default Under Leases. Other than as provided in Section 10.1(l) with respect to leases described in Section 2.8(a)(iv), (i) A default occurs in the payment when due (after giving effect to any applicable notice and grace periods) under any lease of real or personal property pursuant to which Borrower is lessee and with respect to which the aggregate remaining rent payable over the term of such lease exceeds $500,000 or (ii) a default occurs in the performance or observance of any other obligation or condition with respect to any such lease described in clause (i) and to the extent required under the terms of such lease, notice of such default described in this clause (ii) has been given and any applicable grace period has expired, if the effect of such default described in this clause (ii) is to permit the lessor under such lease to terminate the lease or seek remedies for damages against Borrower.
Default Under Leases. At any time when a default has occurred and is continuing under any Eligible Lease such that the requirements in clauses (f), (g) and (h) of the definition of “Eligible Lease” in this Agreement are not satisfied, such Eligible Lease shall no longer constitute an Eligible Lease (such lease, an “Excluded Lease”) and the railcars subject to such Excluded Lease shall not constitute Eligible Equipment (such railcars, “Excluded Equipment”). Debtor shall, within thirty (30) days of such default or event of default, either (i) prepay the Loans pursuant to Section 2(f)(i)(A) of this Agreement, or (ii) replace the Excluded Equipment with Eligible Equipment pursuant to Section 2(f)(i)(B) of this Agreement, or (iii) subject such Excluded Equipment to a new Eligible Lease (whereupon such Excluded Equipment shall be deemed to be Eligible Equipment).
Default Under Leases. The Borrower will not suffer or permit any breach or default to occur in any of the Borrower’s material obligations under any of the Major Leases nor suffer or permit the same to terminate by reason of any failure of the Borrower to meet any requirement of any Major Lease including those with respect to any time limitation within which any of the Borrower’s work is to be done or the space is to be available for occupancy by the lessee to the extent any of the foregoing could reasonably be expected to result in a no material adverse change to the Net Operating Income of the Project. The Borrower shall notify Lender promptly in writing of any termination by any party of a Major Lease.
