Common use of No Criminal Act Clause in Contracts

No Criminal Act. Such deferral or noncompliance shall not constitute a criminal act by Landlord or subject Landlord to a material risk of any fine or penalty, or, if such material risks exists, Tenant has given Landlord a bond, letter of credit, or other security reasonably satisfactory to Landlord (the “Contest Security”) in an amount equal to the reasonably estimated amount of such civil penalties.

Appears in 9 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

AutoNDA by SimpleDocs

No Criminal Act. Such deferral or noncompliance shall not constitute a criminal act by Landlord or and shall not subject Landlord to a material risk of any fine or penalty, or, if such material risks exists, except fines or penalties for which Tenant has given Landlord a bond, letter of credit, or other security reasonably satisfactory agrees to Landlord (the “Contest Security”) in an amount equal to the reasonably estimated amount of such civil penaltiesbe liable.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

No Criminal Act. Such deferral or noncompliance shall not constitute a criminal act by on the part of Landlord or subject Landlord to a material risk of any fine fines or penaltypenalties, or, if such material risks exists, other than civil penalties for which Tenant has given Landlord a bond, letter of credit, or other security reasonably satisfactory to Landlord (the “Contest Security”"CONTEST SECURITY") in an amount equal to the reasonably estimated amount of such civil penalties.

Appears in 1 contract

Samples: Prime Lease (A /P I Deposit Corp)

AutoNDA by SimpleDocs

No Criminal Act. Such deferral or noncompliance shall not constitute a criminal act by Landlord or subject Landlord to a material risk of any fine or penalty, or, if such material risks exists, Tenant has given Landlord a bond, letter of credit, or other security reasonably satisfactory to Landlord (the “Contest Security) in an amount equal to the reasonably estimated amount of such civil penalties.

Appears in 1 contract

Samples: Lease Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!