Events Constituting Default. A party hereunder shall be deemed to be in default under this Agreement if such party breaches any obligation required to be performed by the respective party hereunder within any time period required for such performance and such breach or default continues for a period of thirty (30) days after written notice thereof from the party not in default hereunder.
Events Constituting Default. In its sole discretion, the Commission may deem Recipient to be in default if any of the following events occur:
(a) Recipient becomes insolvent;
(b) A petition in bankruptcy is filed by or against Recipient;
(c) An assignment for the benefit of Recipient's creditors is made;
(d) Recipient is found by the Commission to be permanently disabled;
(e) Recipient fails to practice nursing full-time at Health Institution or fails to perform any other obligation, promise or undertaking required by this Contract;
(f) Recipient breaches any term, provision or warranty contained in this Contract;
(g) Recipient ceases to pursue a full-time course of study leading to a nursing degree at an approved and accredited nursing school in the State of Oklahoma;
(h) Recipient fails to pass any one of the first two successive licensure examinations offered following completion of course work;
(i) The occurrence of any event which, in the Commission's opinion, jeopardizes or impairs Commission's rights under this Contract.
Events Constituting Default. The City may consider any of the following events to be a default under this Lease:
1) Failure to comply with any term of the Lease.
2) Any unlawful use of the Leased Premises.
3) Failure to comply, after notice, with any effective law and/or regulation, including Airport rules and regulations.
Events Constituting Default. XXXXXX, at its option, may by written notice to the CLIENT, declare this Agreement in default on the occurrence of any of the following:
A. Failure by CLIENT to make any payment or perform any of its obligations hereunder in a timely manner;
B. Institution by or against the CLIENT of any proceeding in bankruptcy, insolvency or reorganization under any law, or the appointment of a receiver or trustee for CLIENT’s goods and chattels, or assignment for the benefit of creditors;
C. If this is a Lease Agreement, the expiration or cancellation of any insurance policy CLIENT is obligated to maintain, or involuntary transfer of CLIENT'S interest in this Lease Agreement by operation of law; or the assignment of this Lease Agreement and/or the plants and materials without the prior written consent of XXXXXX.
Events Constituting Default. The following events shall constitute default on this Lease. a.) Nonpayment by the Lessee of any sum required to be paid by the Lessee under the terms of the Lease; b.) Nonperformance by the Lessee or Lessor of any covenant or condition of the Lease.
Events Constituting Default. Except as otherwise provided --------------------------- herein, the failure to perform or honor any covenant, condition or other obligation of Tenant or the failure of any representation made by Tenant under this Lease (including Exhibits hereto) shall constitute a default hereunder by Tenant upon expiration of the appropriate grace period hereinafter provided, if any. Tenant shall have a period of three (3) business days from the date of written notice from Landlord within which to cure any default in the payment of Rent. Tenant shall have a period of ten (10) days from the date of written notice from Landlord within which to cure any default in the payment of Additional Charges. Tenant shall have a period of thirty (30) days from the date of written notice from Landlord within which to cure any other default under this Lease; provided, however, that with respect to any default (other than a default which can be cured by the payment of money) that cannot reasonably be cured within thirty (30) days, the default shall not be deemed to be uncured if Tenant commences to cure within thirty (30) days from Landlord's notice, continues to prosecute diligently the curing of such default and actually cures such default within sixty (60) days after Landlord's notice. Any default under the terms of this Lease shall constitute a default under the terms of the Existing Lease, and any default under the terms of the Existing Lease shall constitute a default under the terms of this Lease.
Events Constituting Default. 22 20.2 Remedies......................................................... 22 20.3
Events Constituting Default. A party hereunder shall be deemed to be in default under this Agreement if such party breaches any obligation required to be performed by the respective party hereunder within any time period required for such performance, and such breach or default continues for a period of thirty (30) days, unless such breach or default cannot be fully resolved in thirty (30) days and such remedy is being diligently pursued, after written notice thereof from the party not in default hereunder. For purposes of determining default and termination, those Developer obligations set forth in Section 7, Developer Obligations, are severable, and each individual obligation shall terminate upon the successive completion of the individual obligation.
Events Constituting Default. A party shall be deemed to be in default under this Agreement if such party breaches or otherwise fails to perform any obligation required to be performed by such party hereunder, within any time period required for such performance, and such breach or failure continues for twenty (20) business days following written notice of nonperformance, or if no time for performance is specified, then ninety (90) days after written notice from the non-defaulting party specifying in reasonable detail the nature of such failure; provided, however, if such breach or default cannot reasonably be cured within such twenty (20) or ninety (90) day period, then the party shall be in default if it fails to commence the cure of such breach within the cure period and diligently pursue the same to completion. Absent written agreement to the contrary, if such default is not cured within the above-described period, this Agreement may be automatically terminated, at the sole and absolute discretion of the non-breaching party and the non-breaching party is entitled, in addition to termination, to all other legal and equitable remedies, including the right to specific performance, and the right to seek and obtain actual damages. In no event shall the City be liable or responsible for the payment of any lost opportunity, incidental or consequential damages.
Events Constituting Default. The following events shall constitute default under this Agreement:
(a) The nonpayment by Lessee for a period of five (5) days of any sum required to be paid by Lessee;
(b) The nonperformance by Lessee of any other term, covenant, or condition of this Lease that is not cured within fifteen (15) days after notice of nonperformance from Lessor;
(c) Any affirmative act of insolvency by Lessee, or the filing by Lessee of any petition under any bankruptcy, reorganization, insolvency, or moratorium law, or any law for the relief of, or relating to, debtors;
(d) The filing of any involuntary petition under any bankruptcy statute against Lessee, or the appointment of any receiver or trustee to take possession of the property of Lessee, unless such petitions or appointment is set aside or withdrawn or ceases to be in effect within fifteen (15) days of the date of the filing or appointment;
(e) The subjection of any of Lessee's property to any levy, seizure, assignment, application, or sale for or by any creditor or governmental agency; or
(f) Any actual or attempted assignment, sublease, transfer, conveyance, encumbrance, hypothecation, change in location, non-use (except for maintenance), abandonment of all or any portion of the Property.