Forbearance of Termination Sample Clauses

Forbearance of Termination. If District elects to terminate this Lease by reason of an Event of Default, a Permitted Mortgagee may request District to forbear from terminating this Lease and District shall so forbear for a period of thirty (30) days with respect to any default that is capable of being cured with the payment of money and for ninety (90) days for all other defaults, if (i) within such forbearance period, the Permitted Mortgagee has acquired, or has promptly and diligently taken steps to acquire, the Leasehold Estate, (ii) the Permitted Mortgagee shall perform all of the obligations of Tenant under this Lease as and when due, (iii) the Permitted Mortgagee shall pay or cause to be paid all Rent and other monetary amounts as may be due and payable under this Lease, and (iv) the Permitted Mortgagee shall cure any other then- existing ongoing Event of Default.
Sample 1
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Forbearance of Termination. If District elects to terminate this Lease by reason of an Event of Default, any Permitted Mortgagee may request District to forbear from terminating this Lease and District shall so forbear if and for so long as (i) within one hundred eighty (180) days after receiving District’s notice of termination, the Permitted Mortgagee has acquired the Leasehold Estate, (ii) the Permitted Mortgagee shall perform all of the obligations of Tenant under this Lease as and when due, to the extent reasonably susceptible of being performed by the Permitted Mortgagee, (iii) the Permitted Mortgagee shall pay or cause to be paid all Rent and other monetary amounts as may be due and payable under this Lease, and (iv) the Permitted Mortgagee shall cure any other then-existing ongoing Event of Default reasonably capable of being cured by the Permitted Mortgagee. For purposes of this Article 14, whether a default is reasonably capable of being cured by a Permitted Mortgagee shall be determined without regard to the financial or other resources of such Permitted Mortgagee or the expertise of such Permitted Mortgagee.
Sample 1

Related to Forbearance of Termination

  • Consequence of Termination Upon the termination of this Agreement:

  • Right of Termination This Agreement may be terminated at any time at or prior to the Closing:

  • Survival of Termination The provisions of Sections 1.7, 1.8, 3.1, 3.2, 5.4, 5.5, 5.6, 5.7, 5.10 and 5.13 shall survive any termination of this Agreement.

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

  • Notification of Termination 22.3.2.1 Upon the occurrence at District's sole determination of any of the above conditions, or upon Developer’s failure to perform any material covenant, condition or agreement in this Facilities Lease, District may, without prejudice to any other right or remedy, serve written notice upon Developer and its Surety of District's termination of this Facilities Lease and/or Developer’s right to perform the Work of this Facilities Lease. This notice will contain the reasons for termination.

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • NOTICE OF TERMINATION OF EMPLOYMENT 2601 Employment may be terminated voluntarily by a nurse or for just cause by the Employer subject to the following periods of written notice, exclusive of any vacation due:

  • Events of Termination Subject to Section 6.4 below, this Agreement will terminate as to a Fund:

  • Rights of Termination 10.1 The Company may in its sole discretion terminate this agreement by written notice to the Customer if:

  • Notice of Termination by Employee 4.3.2(a) The notice of termination required to be given by an employee shall be the same as that required of an employer, except that there is no additional notice based on the age of the employee concerned.

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