Insurance; Notices of Default; Lease Modifications Sample Clauses

Insurance; Notices of Default; Lease Modifications. From and after the Effective Date until October 1, 2008: (i) Purchaser shall provide Seller with certificates of all insurance policies required to be maintained by the tenant under the Lease, naming Seller as an additional insured thereunder and providing that no cancellation of such policies may occur without at least thirty (30) days prior written notice to Seller thereof; (ii) Purchaser shall promptly forward to Seller upon receipt, copies of any demands or notices of default received by Purchaser from Landlord or Landlord’s lender, or given by Purchaser to Landlord or Landlord’s lender, with respect to the Lease or the Premises; and (iii) Purchaser shall provide not less than three (3) business days prior written notice to Seller (or such shorter notice as is reasonable under the circumstances) of any meeting or other contact with Landlord that might materially affect Seller’s retained liability and/or responsibility under the Lease, and Seller shall have a reasonable opportunity to participate in such meeting or communication. Except with the prior written consent of Seller, Purchaser shall not agree to any modification to the Lease that, individually, or in the aggregate with all other modifications not previously consented to by Seller, would increase or materially affect Seller’s retained liability and/or responsibility under the Lease. With respect to any breach or default under the Lease occurring prior to October 1, 2008 and with respect to which, Seller has retained liability under the Lease as amended by the Lease Amendment, and which is not timely cured by Purchaser, Seller shall have the right, without any obligation to do so, to cure such default, including payment of any default interest or late payment charges owed to Landlord with respect to such default, provided Seller has given Purchaser not less than five (5) business days notice of such intent to cure and Purchaser has not cured such matter within said five-day period. Any amounts paid by Seller to Landlord on account of any Purchaser default under the Lease shall be reimbursed by Purchaser to Seller within three (3) business days of Purchaser’s receipt of Seller’s written demand therefor, and, to the extent the Rent Reimbursements have not been made, such amounts shall be offset against Seller’s obligation to pay the Rent Reimbursements.
Sample 1
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Related to Insurance; Notices of Default; Lease Modifications

  • Notices of Events of Default As promptly as practicable after, and in any event within 30 days after, the occurrence of any Event of Default actually known to the Trustee, the Trustee shall give notice of such Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agent. However, except in the case of an Event of Default relating to the payment of principal of or interest on any of the Underlying Securities, the Trustee will be protected in withholding such notice if in good faith it determines that the withholding of such notice is in the interest of the Certificateholders.

  • Notices of Defaults and Extensions (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.

  • Notices of Defaults The Borrower will furnish to the Administrative Agent and each Lender prompt written notice of the occurrence of any Default, together with a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

  • Notices of Default Seller and Purchaser shall each promptly give written notice to the other upon becoming aware of the impending or threatened occurrence of any event which could reasonably be expected to cause or constitute a breach of any of their respective representations, warranties, covenants or agreements contained in this Agreement.

  • Lease Events of Default The following events shall constitute Lease Events of Default hereunder (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and each such Lease Event of Default shall be deemed to exist and continue so long as, but only as long as, it shall not have been remedied:

  • Notice of Defaults and Events of Default As soon as possible and in any event within ten (10) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto;

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Waiver of Defaults and Events of Default (a) The Noteholders of a majority of the Note Balance of the Controlling Class may waive any Default or Event of Default, except an Event of Default (i) in the payment of principal of or interest on any of the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) or (ii) in respect of a covenant or provision of this Indenture that cannot be amended, supplemented or modified without the consent of all Noteholders.

  • Lease Default Notices To Agent, within 2 Business Days after receipt thereof, copies of (i) any and all default notices received under or with respect to any leased location or public warehouse where Collateral is located, and (ii) such other notices or documents as Agent may reasonably request.

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