LEASE DEFAULT EVENTS AND REMEDIES Sample Clauses

LEASE DEFAULT EVENTS AND REMEDIES. 20 Section 9.1. Lease Default Events Defined 20 Section 9.2. Remedies 20 Section 9.3. No Remedy Exclusive. 21 Section 9.4. Agreement to Pay Attorneys’ Fees and Expenses 21 Section 9.5. No Additional Waiver Implied by One Waiver 21 Section 9.6. Trustee and Bond Owners to Exercise Rights 21 ARTICLE X PREPAYMENT OF BASE RENTAL PAYMENTS 22 Section 10.1. Security Deposit 22 Section 10.2. Prepayment Option 22 Section 10.3. Mandatory Prepayment From Net Proceeds of Insurance, Title Insurance or Eminent Domain 22 Section 10.4. Redemption and Defeasance of Bonds 23 ARTICLE XI MISCELLANEOUS 23 Section 11.1. Permitted Encumbrances 23 -ii- TABLE OF CONTENTS (continued) Page Section 11.2. Notices 23 Section 11.3. Binding Effect 23 Section 11.4. Severability 23 Section 11.5. Net-net-net Lease 23 Section 11.6. Further Assurances and Corrective Instruments 23 Section 11.7. Execution in Counterparts 23 Section 11.8. Applicable Law 23 Section 11.9. Authority and City Representatives 23 Section 11.10. Captions 24 EXHIBIT A DESCRIPTION OF SITE ............................................................................. A-1 EXHIBIT B DESCRIPTION OF FACILITY ................................................................... B-1 EXHIBIT C PERMITTED ENCUMBRANCES .............................................................. C-1 EXHIBIT D SCHEDULE OF BASE RENTAL PAYMENTS AND BASE RENTAL PAYMENT DATES..................................................................... D-1 LEASE AGREEMENT THIS LEASE AGREEMENT, dated as of [Dated Date], by and between the ANAHEIM HOUSING AND PUBLIC IMPROVEMENTS AUTHORITY, a public entity duly organized and existing under and by virtue of the laws of the State of California (the “Authority”), lessor, and the CITY OF ANAHEIM, a municipal corporation and a chartered city duly organized and existing under and by virtue of the laws of the State of California and its Charter (the “City”), lessee,
Sample 1
AutoNDA by SimpleDocs
LEASE DEFAULT EVENTS AND REMEDIES. 24 Section 7.01. Lease Default Events and Remedies 24 Section 7.02. Waiver 25
Sample 1
LEASE DEFAULT EVENTS AND REMEDIES. (a) It shall constitute a Lease Default Event if (i) the City shall fail (A) to pay any Rental Payment payable hereunder when the same becomes due and payable, time being expressly declared to be of the essence in this Lease Agreement, or (B) to keep, observe or perform any other term, covenant or condition contained herein to be kept or performed by the City, if such failure shall have continued for a period of 30 days after written notice thereof, specifying such failure and requiring the same to be remedied, shall have been given to the City by the Trustee or the Insurer, the Authority, or the Owners of not less than 5% of the aggregate principal amount of the Bonds at the time Outstanding; provided, however, that if the failure stated in the notice can be corrected, but not within such 30 day period, such failure shall not constitute a Lease Default Event hereunder if corrective action is instituted by the City within such 30 day period, the Insurer consents in writing to an extended period of time, and the City shall thereafter diligently and in good faith cure such failure in a reasonable period of time, provided, further, that, unless consented to by the Trustee and the Insurer, such period of time shall not exceed 180 days, (ii) except as otherwise provided in Article VIII hereof, the City’s interest in this Lease Agreement or any part thereof be assigned or transferred, either voluntarily or by operation of law or otherwise, (iii) the City or the Authority shall commence a voluntary case under Title 11 of the United States Code or any substitute or successor statute, or
Sample 1
LEASE DEFAULT EVENTS AND REMEDIES. 21 Section 7.01. Events of Defaults and Remedies 21 Section 7.02. Waiver 24 ARTICLE VIII AMENDMENTS; ASSIGNMENT AND SUBLEASING; SUBSTITUTION OR RELEASE 25 Section 8.01. Amendments 25 Section 8.02. Assignment and Subleasing 26 Section 8.03. Substitution or Release of the Property 26 ARTICLE IX MISCELLANEOUS 28 Section 9.01. Assignment to Trustee 28 Section 9.02. Rights of Insurer 28 Section 9.03. Third-Party Beneficiary 28 Section 9.04. Validity and Severability 28 Section 9.05. Notices 29 Section 9.06. Section Headings 30 Section 9.07. Governing Laws 30 Section 9.08. Electronic Signature 30 Section 9.09. Execution in Counterparts 30 EXHIBIT A DESCRIPTION OF THE PROPERTY................................................................A-1 LEASE AGREEMENT THIS LEASE AGREEMENT (this “Lease Agreement”), dated as of 1, 2021, is by and between the CITY OF ANAHEIM, a municipal corporation and chartered city organized and existing under and by virtue of its charter and the laws of the State of California (the “City”), as lessee, and the ANAHEIM PUBLIC FINANCING AUTHORITY, , a joint exercise of powers authority organized and existing under and by virtue of the laws of the State of California (the “Authority”), as lessor.
Sample 1
LEASE DEFAULT EVENTS AND REMEDIES 
Sample 1Sample 2

Related to LEASE DEFAULT EVENTS AND REMEDIES

  • Events of Default and Remedies Section 8.01

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Performance Default and Remedies Subsection B. DEFAULT AND REMEDIES, second paragraph of the Contract is modified as follows (underlined language is added and stricken language is deleted): “Written notice of default and a reasonable 30-day opportunity to cure must be issued by the party claiming default.”

  • Default and Remedies Either of the following constitutes cause to declare this Contract, or any Participating Entity order under this Contract, in default:

  • Defaults and Remedies Section 6.01.

  • EVENT OF DEFAULT/REMEDIES 8.1 Any one or more of the following acts or omissions of the Contractor shall constitute an event of default hereunder (“Event of Default”):

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • Default Remedies Any one of the following occurrences shall constitute an ----------------- "EVENT OF DEFAULT" under this Note: (i) failure by the Maker to make any payment of principal or interest when the same becomes due and payable, said failure continuing for thirty (30) days or more; or (ii) if Maker shall fail to pay its debts, make an assignment for the benefit of its creditors, or shall commit an act of bankruptcy, or shall admit in writing its inability to pay its debts as they become due, or shall seek a composition, readjustment, arrangement, liquidation, dissolution or insolvency proceeding under any present or future statute or law, or shall file a petition under any chapter of federal Bankruptcy Code or any similar law, state or federal, now or hereafter existing, or shall become "insolvent" as that term is generally defined under the Federal Bankruptcy Code, or shall in any involuntary bankruptcy case commenced against it file an answer admitting insolvency or inability to pay its debts as they become due, or shall fail to obtain a dismissal of such case within sixty (60) days after its commencement or convert the case from one chapter of the Federal Bankruptcy Code to another chapter, or be the subject of an order for relief in such bankruptcy case, or to be adjudged a bankruptcy or insolvent, or shall have a custodian, trustee or receiver appointed for, or have any court take jurisdiction of its property, or any part thereof, in any proceeding for the purpose of reorganization, arrangement, dissolution or liquidation, and such custodian, trustee, liquidator or receiver shall not be discharged, or such jurisdiction shall not be relinquished, vacated or stayed within sixty (60) days of the appointment. Upon occurrence of an Event of Default hereunder, the entire outstanding principal balance and any unpaid interest then accrued under this Note, shall at the option of the Payee hereof and without demand or notice of any kind to the undersigned or any other person (including, but not limited to, any guarantor now or hereafter existing), immediately become and be due and payable in full. In such event, Payee shall have and may exercise any and all rights and remedies available at law or in equity.

  • Waiver and Remedies The parties may (a) extend the time for performance of any of the obligations or other acts of any other party to this Agreement, (b) waive any inaccuracies in the representations and warranties of any other party to this Agreement contained in this Agreement or in any certificate, instrument or document delivered pursuant to this Agreement or (c) waive compliance with any of the covenants, agreements or conditions for the benefit of such party contained in this Agreement. Any such extension or waiver by any party to this Agreement will be valid only if set forth in a written document signed on behalf of the party or parties against whom the waiver or extension is to be effective. No extension or waiver will apply to any time for performance, inaccuracy in any representation or warranty, or noncompliance with any covenant, agreement or condition, as the case may be, other than that which is specified in the written extension or waiver. No failure or delay by any party in exercising any right or remedy under this Agreement or any of the documents delivered pursuant to this Agreement, and no course of dealing between the parties, operates as a waiver of such right or remedy, and no single or partial exercise of any such right or remedy precludes any other or further exercise of such right or remedy or the exercise of any other right or remedy. Any enumeration of a party’s rights and remedies in this Agreement is not intended to be exclusive, and a party’s rights and remedies are intended to be cumulative to the extent permitted by law and include any rights and remedies authorized in law or in equity.

  • Defaults Remedies (a) It shall be an Event of Default:

Time is Money Join Law Insider Premium to draft better contracts faster.