Common use of Definition of Event of Default Clause in Contracts

Definition of Event of Default. A. Upon the occurrence of any Default by either party hereto (hereinafter referred to as the "defaulting party") under Section 16.01A, B, and C, such Default shall immediately and automatically, without the necessity of any notice to the defaulting party, be deemed an "Event of Default" under this Agreement. B. Upon the occurrence of any Default by either party hereto under Section 16.01E, such Default shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to cure such Default within ten (10) Business Days after written notice from the non-defaulting party demanding such cure. Upon the occurrence of any Default by either party hereto under Section 16.01D and F, such Default shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to cure such Default within thirty (30) Days after written notice from the non-defaulting party demanding such cure, or if the Default is such that it cannot reasonably be cured within said thirty (30) Day period, if the defaulting party fails to commence the cure of such Default within said thirty (30) Day period or fails to diligently pursue such efforts to completion. Upon the occurrence of any Default by Operator with respect to its obligations under Section 2.03A1 resulting in the suspension or revocation of a material License, such Default shall be deemed an "Event of Default" under this Agreement if Operator fails to obtain reinstatement of such License, either (i) within sixty (60) Days after the date of the relevant suspension(s) or revocation, or (ii) if Operator had received from the appropriate regulatory authorities at least thirty (30) Days prior written notice of the impending suspension or revocation, then within thirty (30) Days after the relevant suspension or revocation.

Definition of Event of Default. A. Upon Each of the occurrence of any Default by either party hereto (hereinafter referred to as the "defaulting party") under Section 16.01A, B, and C, such Default following events shall immediately and automatically, without the necessity of any notice to the defaulting party, be deemed to be an "Event of Default" by Tenant under this Agreement.Lease: B. Upon the occurrence (i) Tenant shall fail to pay when due any installment of any Default by either party hereto under Section 16.01E, Rent due hereunder and such Default failure shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to cure such Default within ten continue for three (103) Business Days after written notice from Tenant is notified in writing of the non-defaulting party demanding such cure. Upon delinquency thereof. (ii) Tenant shall fail to cause any representation or warranty of Tenant contained herein that is false or misleading in any material respect when made to be made true and not misleading (other than as described in the occurrence other clauses of this subparagraph 13.(a)), or Tenant shall fail to comply with any Default by term, provision or covenant of this Lease (other than as described in the other clauses of this subparagraph 13.(a)), and in either party hereto under Section 16.01D and F, such Default case shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to not cure such Default within failure prior to the earlier of (A) thirty (30) Days days after written notice from thereof is sent to Tenant or (B) the non-defaulting party demanding date any writ or order is issued for the levy or sale of any property owned by Landlord (including the Leased Property) or any criminal action is threatened or instituted against Landlord or any of its directors, officers or employees because of such curefailure; provided, however, that so long as no such writ or order is issued and no such criminal action is threatened or instituted, if the Default such failure is such that it susceptible of cure but cannot reasonably with reasonable diligence be cured within said such thirty day period, and if Tenant shall promptly have commenced to cure the same and shall thereafter prosecute the curing thereof with reasonable diligence, the period within which such failure may be cured shall be extended for such further period (30not to exceed an additional ninety (90) Day perioddays) as shall be necessary for the curing thereof with reasonable diligence. (iii) Tenant shall fail to comply with any term, provision or condition of the Purchase Documents and, if the defaulting party fails Purchase Documents expressly provide a time within which Tenant may cure such failure, Tenant shall not cure the failure within such time. (iv) Tenant shall abandon the Leased Property. (v) Tenant shall fail to commence make any payment or payments of principal, premium or interest, on any Debt of Tenant described in the next sentence when due (taking into consideration the time Tenant may have to cure such failure, if any, under the documents governing such Debt). As used in this clause 13.(a)(v), "Debt" shall mean only a Debt of such Default within said thirty Tenant now existing or arising in the future, (30A) Day period payable to Landlord or fails any Participant or any Affiliate of Landlord or any Participant, the outstanding balance of which has become due by reason of acceleration or maturity, or (B) payable to diligently pursue such efforts to completion. Upon the occurrence of any Default by Operator Person, with respect to its obligations under Section 2.03A1 resulting in the suspension which $5,000,000 or revocation more is actually due and payable because of a material License, such Default shall be deemed an "Event of Default" under this Agreement if Operator fails to obtain reinstatement of such License, either (i) within sixty (60) Days after the date of the relevant suspension(s) acceleration or revocation, or (ii) if Operator had received from the appropriate regulatory authorities at least thirty (30) Days prior written notice of the impending suspension or revocation, then within thirty (30) Days after the relevant suspension or revocationotherwise.

Definition of Event of Default. A. Upon the occurrence of any Default by either party hereto (hereinafter referred to as the "defaulting party") under Section 16.01A, B, and C, such Default shall immediately and automatically, without the necessity of any notice to the defaulting party, be deemed an "Event of Default" under this Agreement. B. Upon the occurrence of any Default by either party hereto under Section 16.01E, such Default shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to cure such Default within ten (10) Business Days after written notice from the non-defaulting party demanding such cure. . C. Upon the occurrence of any Default by either party hereto under Section 16.01D and F, such Default shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to cure such Default within thirty (30) Days after written notice from the non-defaulting party demanding such cure, or if the Default is such that it cannot reasonably be cured within said thirty (30) Day period, if the defaulting party fails to commence the cure of such Default within said thirty (30) Day period or fails to diligently pursue such efforts to completion. . D. Upon the occurrence of any Default by Operator with respect to its obligations under Section 2.03A1 resulting in the suspension or revocation of a material License, such Default shall be deemed an "Event of Default" under this Agreement if Operator fails to obtain reinstatement of such License, either (i) within sixty (60) Days after the date of the relevant suspension(s) or revocation, or (ii) if Operator had received from the appropriate regulatory authorities at least thirty (30) Days prior written notice of the impending suspension or revocation, then within thirty (30) Days after the relevant suspension or revocation.

Definition of Event of Default. A. Upon the occurrence of any Default by either party hereto (hereinafter referred to as the "defaulting party") under Section 16.01A, B, and C, such Default shall immediately and automatically, without the necessity of any notice to the defaulting party, be deemed an "Event of Default" under this Agreement. B. Upon the occurrence of any Default by either party hereto under Section 16.01E, such Default shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to cure such Default within ten (10) Business Days after written notice from the non-defaulting party demanding such cure. -------------------------------------------------------------------------------- OPERATING AGREEMENT PAGE 59 C. Upon the occurrence of any Default by either party hereto under Section 16.01D and F, such Default shall be deemed an "Event of Default" under this Agreement if the defaulting party fails to cure such Default within thirty (30) Days after written notice from the non-defaulting party demanding such cure, or if the Default is such that it cannot reasonably be cured within said thirty (30) Day period, if the defaulting party fails to commence the cure of such Default within said thirty (30) Day period or fails to diligently pursue such efforts to completion. . D. Upon the occurrence of any Default by Operator with respect to its obligations under Section 2.03A1 resulting in the suspension or revocation of a material License, such Default shall be deemed an "Event of Default" under this Agreement if Operator fails to obtain reinstatement of such License, either (i) within sixty (60) Days after the date of the relevant suspension(s) or revocation, or (ii) if Operator had received from the appropriate regulatory authorities at least thirty (30) Days prior written notice of the impending suspension or revocation, then within thirty (30) Days after the relevant suspension or revocation.