DEFAULTS UNDER MASTER LEASE Sample Clauses

DEFAULTS UNDER MASTER LEASE. Sublandlord has not received any written notice that it is in default of any of its obligations under the Master Lease that has not heretofore been cured.
Sample 1
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DEFAULTS UNDER MASTER LEASE. (a) Sublessor shall perform or cause to be performed in a timely and proper fashion all of its obligations as Lessee under the Master Lease, except for obligations which have been expressly assumed by Sublessee hereunder. Sublessor shall not terminate, amend or modify the Master Lease prior to expiration of this Sublease unless Sublessee consents to such action in writing, which consent may be withheld in Sublessee's sole discretion.
Sample 1
DEFAULTS UNDER MASTER LEASE. Master Lessee hereby agrees to give to Lender copies of all notices of Borrower default(s) under the Master Lease in the same manner as, and whenever, Master Lessee shall give any such notice of default to Borrower and no such notice of default shall be deemed given to Borrower unless and until a copy of such notice shall have been so delivered to Lender. Lender shall have the right but no obligation to remedy any Borrower default under the Master Lease, or to cause any default of Borrower under the Master Lease to be remedied, and for such purpose Master Lessee hereby grants Lender, in addition the period given to Borrower for remedying defaults, an additional thirty (30) days to remedy, or cause to be remedied, any such default. Master Lessee shall accept performance by Lender of any term, covenant, condition or agreement to be performed by Borrower under the Master Lease with the same force and effect as though performed by Borrower. No Borrower default under the Master Lease shall exist or shall be deemed to exist (i) as long as Lender, in good faith, shall have commenced to cure such default within the above reference time period and shall be prosecuting the same to completion with reasonable diligence, subject to force majeure, or (ii) if possession of the Property is required in order to cure such default, or if such default is not susceptible of being cured by Lender, as long as Lender, in good faith, shall have notified Master Lessee that Lender intends to institute proceedings under the Loan Documents, and, thereafter, as long as such proceedings shall have been instituted and shall be prosecuted with reasonable diligence. In the event of the termination of the Master Lease by reason of any default thereunder by Borrower, upon Lender’s written request, given within thirty (30) days after any such termination, Master Lessee, within fifteen (15) days after receipt of such request, shall execute and deliver to Lender or its designee or nominee a new lease of the Property for the remainder of the term of the Master Lease upon all of the terms, covenants and conditions of the Master Lease. Neither Lender nor its designee or nominee shall become liable under the Master Lease unless and until Lender or its designee or nominee becomes, and then only with respect to periods in which Lender or its designee or nominee remains, the owner of the Property. In no event shall Lender have any personal liability as successor to Borrower and Master Lessee shall loo...
Sample 1

Related to DEFAULTS UNDER MASTER LEASE

  • Other Defaults Under Loan Documents Any Loan Party shall default in the performance of or compliance with any term contained in this Agreement or any of the other Loan Documents, other than any such term referred to in any other subsection of this Section 8, and such default shall not have been remedied or waived within 30 days after the earlier of (i) an Officer of Company or such Loan Party becoming aware of such default or (ii) receipt by Company and such Loan Party of notice from Administrative Agent or any Lender of such default; or

  • Waiver of Defaults and Events of Default (a) The Noteholders of a majority of the Note Balance of the Controlling Class may waive any Default or Event of Default, except an Event of Default (i) in the payment of principal of or interest on any of the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) or (ii) in respect of a covenant or provision of this Indenture that cannot be amended, supplemented or modified without the consent of all Noteholders.

  • No Defaults or Events of Default (a) Since (the date of the last similar certification), and except as set forth in Appendix I, no Default or Event of Default has occurred.

  • Defaults Under Other Agreements The occurrence of a default or an event of default under any other financing arrangement pursuant to which such Seller Party is a debtor or an obligor.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Waiver of Master Servicer Events of Default Subject to Section 11.09(d), the Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Master Servicer Event of Default hereunder may waive such default or Master Servicer Event of Default; provided, however, that a default or Master Servicer Event of Default under clause (i) or (vi) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Master Servicer Event of Default, such default or Master Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Master Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Waiver of Servicer Events of Default The Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Servicer Event of Default hereunder may waive such default or Servicer Event of Default; provided, however, that a default or Servicer Event of Default under clause (i) or (vii) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Servicer Event of Default, such default or Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Events of Defaults If one or more of the following events ("Events of Default") shall have occurred and be continuing:

  • Lease Events of Default The following events shall constitute Lease Events of Default hereunder (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and each such Lease Event of Default shall be deemed to exist and continue so long as, but only as long as, it shall not have been remedied:

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

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