Event of Landlord Default Sample Clauses

Event of Landlord Default. If any of the obligations of Landlord under this Lease is not performed and discharged as and when called for and (a) the failure, refusal or neglect to perform and discharge such obligation continues for a period of thirty (30) days after Landlord has been given notice thereof or (ii) if by reason of the nature of such obligation the same cannot be remedied within thirty (30) days, (i) performance and discharge of such obligation is not commenced within such thirty (30) day period, (ii) the performance and discharge of such obligation is not diligently and continuously 55 prosecuted or (iii) such obligation is not fully performed and discharged within ninety (90) days after Landlord has been given notice thereof, then an "Event of Landlord Default" shall be deemed to have occurred for all purposes of this Lease.
Sample 1
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Event of Landlord Default. Landlord shall not be in default hereunder unless it fails to perform any of its obligations hereunder within thirty (30) days after written notice from Tenant specifying such failure (unless such performance will, due to the nature of the obligation, require a period of time in excess of thirty (30) days, then after such period of time as is reasonably necessary up to ninety (90) days). For clarity the thirty (30) day notice period stated herein is not intended to require Tenant to provide Landlord with an additional notice or cure period beyond the requirements otherwise stated in this Lease. All obligations of Landlord hereunder shall be construed as covenants, not conditions; and Tenant may not terminate this Lease for breach of Landlord’s obligations hereunder. Upon the occurrence of any such default by Landlord, Tenant may (i) bring an action for injunctive relief, or (ii) bring an action to recover damages for any loss directly resulting from such default. In no event shall Tenant have a right to terminate this Lease as a result of a Landlord default.
Sample 1

Related to Event of Landlord Default

  • Default by Lessor Lessor shall not be in default unless Lessor fails to perform obligations required of Lessor within a reasonable time, but in no event later than thirty (30) days after written notice by Lessee to Lessor and to the holder of any first mortgage or deed of trust covering the Premises whose name and address shall have theretofore been furnished to Lessee in writing, specifying wherein Lessor has failed to perform such obligation; provided, however, that if the nature of Lessor's obligation is such that more than thirty (30) days are required for performance then Lessor shall not be in default if Lessor commences performance within such 30-day period and thereafter diligently prosecutes the same to completion.

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

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