Defaults Generally. Each of the following shall constitute a "Default by Tenant" under this Lease:
Defaults Generally. In the event that any of the following events shall occur, Tenant shall be deemed to be in default of Tenant’s obligations under this Lease (each of the following shall be referred to as a “Default by Tenant”).
Defaults Generally. A. Subject to Section 14.1 above, if Tenant fails to (i) make any payment required of it under this Lease when the same is due and such non-payment continues for a period of 15 days after Landlord notifies Tenant of such non-payment or (ii) perform any of its obligations under this Lease when the same is due or observe any requirement of this Lease and such nonperformance or nonobservance continues for a period of 30 days after notice from Landlord to Tenant specifying such breach (except that in connection with a default arising hereunder not susceptible of being cured with due diligence within 30 days, the time of Tenant within which to cure the same shall be extended for such time as may be necessary to cure the same with all due diligence, not to exceed a total of 120 days), then in either such case, Landlord shall have the right to seek such remedies as may be available to it in law or equity which shall include the right to sue for damages or to restrain by injunction any violation or threatened violation of any of the terms, covenants or conditions of this Lease, and by decree, to compel performance of any such term, covenant or condition of this Lease.
B. Notwithstanding the foregoing, if the Land is not separately assessed for purposes of Taxes and Tenant defaults in its obligations to pay its share of any Taxes imposed upon Landlord as respects the Land, Landlord, in addition to such other rights it may have as above provided as to such non-payment, may make such payment on behalf of Tenant and recover the amount thereof from Tenant, plus interest thereon at the Default Rate from demand until payment by Tenant. Medinah Temple Lease 27
Defaults Generally. 20 12.2 Failure to Pay Rent or Other Amounts......................................... 20 12.3
Defaults Generally. 51 SECTION 9. REMEDIES OF THE BANK.................................................................................52
Defaults Generally. A “Default by Tenant” will exist if:
Defaults Generally. Any Event of Default based on the failure by Borrower to cause or prevent any event to occur or circumstance to exist within any period, at any time, or with respect to any period, shall be deemed to have ceased to exist or to be continuing upon the Borrower causing
Defaults Generally. Each of the events described in the ------------------ following sections of this Article XI shall constitute a "Default by Tenant" under this Lease.
Defaults Generally. Except as described in Section 9.2 hereof, if any party fails to perform any of its obligations hereunder and fails to cure such failure within ninety days (90) after notice of such failure from any other party hereto, the party that fails to perform its obligations shall be deemed in default hereunder, and the other parties hereto shall be entitled to exercise such remedies as are permitted by law or equity as a remedy for such breach.
Defaults Generally. In addition to and without limiting the generality or application of any of the foregoing, in the event a defaulting Member has not, in the case of a Third Installment Capital Contribution default, cured the default within fifteen (15) days after the request therefor, or, in the case of any other type of contribution default, cured the default within ten (10) days after the request therefor, the defaulting Member agrees to pay the Manager liquidated damages equal to [***]% of the Unfunded Amount. Furthermore, the Company may, at the discretion of the Manager, take any or all of the following actions in connection with any contribution default:
(i) Institute legal proceedings against the defaulting Member to obtain payment of the Unfunded Amount, together with interest thereon, at the cost and expense of the defaulting Member;
(ii) Cause any distributions otherwise payable to the defaulting Member under this Agreement to be set off or withheld from such defaulting Member;
(iii) Suspend all voting rights, rights to distributions, and, to the fullest extent permitted by law, other rights provided to the defaulting Member under this Agreement;
(iv) Reduce the Capital Commitment of the defaulting Member or reduce the Economic Interest of the defaulting Member in the applicable Holding Company or Project Company (with such reduction effective as of (i) with respect to a default associated with a Second Installment, the making of the Second Installment, and (ii) with respect to a default associated with a Third Installment, the placed in service date associated with such Third Installment);
(v) In the event Nelnet Solar cures the contribution default in accordance with this Section 4.7, increase the Capital Commitment of Nelnet Solar or increase the Economic Interest of Nelnet Solar in the applicable Holding Company or Project Company (with such increases effective as of (i) with respect to a default associated with a Second Installment, the making of the Second Installment, and (ii) with respect to a default associated with a Third Installment, the placed in service date associated with such Third Installment); and
(vi) Take any other action or avail itself of any other remedies that may be available at law or equity. Each Member acknowledges and agrees that it would be impracticable or extremely difficult to determine the actual damages incurred by a non-defaulting Member as a result of a failure of a Member to fund all or part of its Capital Commitment, and th...
