Common use of Events of Tenant’s Default Clause in Contracts

Events of Tenant’s Default. Tenant shall be in default of its obligations under this Lease if any of the following events occurs (an "Event of Tenant's Default"): A. Tenant shall have failed to pay Base Monthly Rent or Additional Rent when due, and such failure is not cured within five (5) business days after delivery of written notice from Landlord specifying such failure to pay; or B. Tenant shall have failed to perform any term, covenant, or condition of this Lease except those requiring the payment of Base Monthly Rent or Additional Rent, and Tenant shall have failed to cure such breach within thirty (30) days after written notice from Landlord specifying the nature of such breach where such breach could reasonably be cured within said thirty (30) day period, or if such breach could not be reasonably cured within said thirty (30) day period, Tenant shall have failed to commence such cure within said thirty (30) day period and thereafter continue with due diligence to prosecute such cure to completion within such time period as is reasonably needed but not to exceed ninety (90) days from the date of Landlord's notice; or C. Tenant shall have sublet the Premises or assigned its interest in the Lease in violation of the provisions contained in Article 14; or D. Tenant shall have abandoned the Premises or left the Premises substantially vacant; or E. The occurrence of the following: (i) the making by Tenant of any general arrangements or assignments for the benefit of creditors; (ii) Tenant becomes a "debtor" as defined in 11 U.S.

Appears in 1 contract

Samples: Lease (Caliper Technologies Corp)

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Events of Tenant’s Default. Tenant shall be in default of its obligations under this Lease if any of the following events occurs (an "Event of Tenant's Default"): A. (a) Tenant shall have failed to pay Base Monthly Rent or Additional Rent when due, and such failure is not cured within five (5) business days after delivery of written notice from Landlord specifying such failure to pay; or B. (b) Tenant shall have failed to perform any term, covenant, or condition of this Lease except those requiring the payment of Base Monthly Rent or Additional Rent, and Tenant shall have failed to cure such breach within thirty (30) days after written notice from Landlord specifying the nature of such breach where such breach could reasonably be cured within said thirty (30) day period, or if such breach could not be reasonably cured within said thirty (30) day period, Tenant shall have failed to commence such cure within said thirty (30) day period and thereafter continue with due diligence to prosecute such cure to completion within such time period as is reasonably needed but not to exceed ninety (90) days from the date of Landlord's noticeneeded; or C. (c) Tenant shall have sublet the Premises or assigned its interest in the Lease in violation of the provisions contained in Article 14Section 17; or D. Tenant shall have abandoned the Premises or left the Premises substantially vacant; or E. (d) The occurrence of the following: (i) the making by Tenant of any general arrangements or assignments for the benefit of creditors; (ii) Tenant becomes a "debtor" as defined in 11 U.S.

Appears in 1 contract

Samples: Industrial Lease Agreement (Mohawk Industries Inc)

Events of Tenant’s Default. Tenant shall be in default of its obligations under this Lease if any of the following events occurs (an "Event of Tenant's ’s Default"): A. Tenant shall have failed to pay Base Monthly Rent or Additional any Rent when due, and such failure is not cured within five three (53) business days after delivery of written notice from Landlord or Landlord’s counsel specifying such failure to pay; or B. Tenant shall have failed to perform any term, covenant, or condition of this Lease except those requiring the payment of Base Monthly Rent or Additional Rent, and Tenant shall have failed to cure such breach within thirty (30) days after written notice from Landlord specifying the nature of such breach where such breach could reasonably be cured within said thirty (30) day period, or if such breach could not be reasonably cured within said thirty (30) day period, Tenant shall have failed to commence such cure within said thirty (30) day period and thereafter continue with due diligence to prosecute such cure to completion within such time period as is reasonably needed but not to exceed ninety (90) days from the date of Landlord's ’s notice; or C. Tenant shall have sublet the Premises or assigned its interest in the Lease in violation of the provisions contained in Article 14; or D. Tenant shall have abandoned the Premises or left the Premises substantially vacant; or E. The occurrence of the following: (i) the making by Tenant of any general arrangements or assignments for the benefit of creditors; (ii) Tenant becomes a "debtor" as defined in 11 U.S.

Appears in 1 contract

Samples: NNN Office Lease (Aridis Pharmaceuticals, Inc.)

Events of Tenant’s Default. Tenant shall be in default of its obligations under this Lease if any Any of the following events occurs (occurrences, -------------------------- conditions or acts by Tenant shall constitute an "Event of Default" under this Lease: (a) Failure to Pay Rent, Breach. (i) Tenant's Default"): A. Tenant shall have failed failure to pay make any --------------------------- payment of money required by this Lease (including without limitation Base Monthly Rent Rent, CAM Charges or Additional Rent when dueReal Estate Taxes) (subject to Tenant's right of good faith contest with respect to Real Estate Taxes), and such failure is not cured within five ten (510) business days after delivery the receipt of written notice from Landlord specifying such to Tenant that same is overdue (provided Landlord shall not be obligated to provide more than three (3) monetary default notices in any Lease Year); or (ii) Tenant's failure to pay; or B. Tenant shall have failed to observe or perform any term, covenant, or condition other material provision of this Lease except those requiring the payment of Base Monthly Rent or Additional Rent, and Tenant shall have failed to cure such breach within thirty (30) days after receipt of written notice from Landlord to Tenant specifying such default and demanding that the nature of same be cured; provided that, if such breach where such breach could reasonably default cannot with due diligence be wholly cured within said thirty (30) day period, or if such breach could not be reasonably cured within said thirty (30) day period, Tenant shall have failed such longer period as is reasonably necessary to cure the default, so long as Tenant proceeds promptly to commence the cure of same within such cure within said thirty (30) day period and thereafter continue with due diligence to prosecute such diligently prosecutes the cure to completion within and provided further that in the case of an emergency, Landlord shall be required to give only such time period notice as is reasonably needed but not to exceed ninety (90) days from reasonable under the date of Landlord's notice; or C. Tenant shall have sublet the Premises or assigned its interest in the Lease in violation of the provisions contained in Article 14; or D. Tenant shall have abandoned the Premises or left the Premises substantially vacant; or E. The occurrence of the following: (i) the making by Tenant of any general arrangements or assignments for the benefit of creditors; (ii) Tenant becomes a "debtor" as defined in 11 U.S.circumstances.

Appears in 1 contract

Samples: Lease (First Capital Institutional Real Estate LTD 4)

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Events of Tenant’s Default. Tenant shall be in default of its obligations under this Lease Sublease Agreement if any of the following events occurs occur (each, an "Event of Tenant's Default"): A. 14.1.1 Tenant shall have failed to pay Base Monthly any Rent or Additional Rent and Air-Conditioning Charges when due, due and such failure is not cured within five (5) business days after delivery of written notice from Landlord specifying such failure to pay; or; B. 14.1.2 Tenant shall have failed to perform any term, covenant, covenant or condition of this Lease Sublease Agreement except those requiring the payment of Monthly Base Monthly Rent or Additional Rent, and Tenant shall have failed to not cure such breach default within thirty fifteen (3015) days after delivery of written notice from Landlord specifying the nature of such breach failure to perform, or where such breach could reasonably be default is not capable of being cured within said thirty (30) day period, or if such breach could not be reasonably cured within said thirty (30) 15-day period, Tenant shall have failed to commence such cure within said thirty (30) such 15-day period and thereafter continue with due diligence to prosecute using best efforts, diligently bring such cure to completion within such time period as is reasonably needed but not to exceed ninety (90) days from the date completion; 14.1.3 The appointment of Landlord's notice; ora receiver, receiver and manager, or provisional liquidator in respect of Tenant of any of its property or assets; C. Tenant shall have sublet the Premises or assigned its interest in the Lease in violation of the provisions contained in Article 14; or D. 14.1.4 Tenant shall have abandoned the Premises or left the Premises substantially vacantsubstantially; or E. 14.1.5 The occurrence of the following: (i) the making by inability of Tenant of any general arrangements or assignments for the benefit of creditorsto pay its debts as and when they fall due; (ii) presentation of a winding up petition (except for the purpose of amalgamation or reconstruction when solvent) for the winding up of Tenant; (iii) issuance of a notice of meeting of members or shareholders for the passing of a resolution for winding up (except for the purpose of amalgamation or reconstruction when solvent) of Tenant; (iv) presentation of a petition for the judicial management of Tenant; and (v) making of a proposal by Tenant becomes to its creditors for a "debtor" as defined composition in 11 U.S.satisfaction of its debts or a scheme of arrangement of its affairs.

Appears in 1 contract

Samples: Sublease Agreement (Avago Technologies LTD)

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