Remedies for Tenant Default Sample Clauses

Remedies for Tenant Default. If Tenant fails to perform any term, covenant or obligation under this Lease, and that failure continues or re-occurs after written demand for compliance with the Lease has been given to Tenant by Landlord, then Landlord may elect to declare the Lease forfeited and may proceed to recover possession of the Lease Premises from Tenant. If Tenant breaches the Lease by abandoning the Lease Premises, then Landlord may declare the Lease terminated and of no further force or effect. Absence from the Lease Premises for the duration of semester breaks or breaks between semesters shall not be deemed abandonment of the premises.
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Remedies for Tenant Default. Upon occurrence of an Event of Default by Tenant, Landlord shall have the right to the following remedies, which are intended to be alternative remedies and the sole remedies available to Landlord under this Lease exclusive of any other remedies provided under applicable law: 11.2.1 Landlord may at its option, and as its sole remedy therefore, terminate this Lease by written notice to Tenant and collect from Tenant, as liquidated damages (and not as a penalty) in lieu of and as full compensation for all other rights or claims of Landlord against Tenant by reason of such default: (a) an amount equal to any Rent due and owing or payable at the time of termination; (b) the Restoration Fee; (c) an amount equal to the costs actually and reasonably incurred by Landlord in the removal of any Tenant Alterations for which Landlord is otherwise authorized under this Lease to demand removal thereof by Tenant; (d) an amount equal to the costs actually and reasonably incurred by Landlord in performing the patching otherwise described as Xxxxxx’s responsibility in Section 12.1 of this Lease; (e) an amount equal to the costs, expenses, and fees authorized for reimbursement or collection from Tenant in Section 17.1 of this Lease actually and reasonably incurred by Xxxxxxxx; and (f) future rent for remainder of lease but not to exceed twelve (12) months’ rent. Landlord may sue periodically to recover the amounts described in this paragraph as they occur, and no action for accrued amounts shall bar a later action for amounts subsequently accruing; or Landlord may elect in any one action to recover accrued amounts. Upon Landlord’s exercise of the option set forth in this paragraph, this Lease shall terminate and the Parties shall be relieved of all further obligations and liabilities hereunder, except as expressly set forth herein. Tenant and Landlord acknowledge that the damages to Landlord resulting from Xxxxxx’s breach would be difficult, if not impossible, to ascertain with any accuracy, and that the liquidated damages amount set forth in this paragraph represent both Parties’ best efforts to approximate such potential damages. 11.2.2 In the alternative to the remedy provided in Section 11.2.1 of this Lease, Landlord may at its option, and as its sole remedy therefore but without waiving any right to subsequent alternative enforcement of this Lease, allow this Lease to continue and: (a) collect any Rent due and owing; and (b) make any payment or perform any obligation th...
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Remedies for Tenant Default. If Tenant commits a default and fails to cure such default within the applicable time period provided under Section 22 hereof, then Landlord, by providing Tenant with ten (10) days advance written notice, shall have the following remedies:
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Remedies for Tenant Default. Upon the occurrence of an Event of Default of this Facility Lease by Tenant, Landlord shall have the following rights and remedies in addition to any other rights or remedies available to Landlord at law or in equity: (a) Landlord may terminate this Facility Lease and Tenant’s right to possession of the Premises and recover unpaid Base Rent and other amounts which had been earned at the time of termination. Landlord may continue this Facility Lease in effect and enforce all of its rights and remedies under this Facility Lease, including the right to recover Rent as it becomes due, for so long as Landlord does not terminate Tenant’s right to possession; provided, however, if Landlord elects to exercise its remedies described in this Section 23.2(a) and Landlord does not terminate this Facility Lease, and if Tenant requests Landlord’s consent to an Assignment or Sublease at such time as there exists an uncured Event of Default, Landlord shall not unreasonably withhold its consent to such Assignment or Sublease. Acts of maintenance or preservation, efforts to relet the Premises or the appointment of a receiver upon Landlord’s initiative to protect its interest under this Facility Lease shall not constitute a termination of Tenant’s rights to possession.‌ (b) The rights to cure Tenant’s default, at Tenant’s expense, as provided in
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Remedies for Tenant Default. In the event of any such material default or breach by Tenant after expiration of the applicable cure period in Section 17.1, Landlord shall have the right and option to pursue all remedies available to it at law or in equity, including the right to terminate this Lease and collect all past due payments under this Lease by suit or otherwise, in which case the Premises shall be subject to Section 20. Landlord shall have a lien, which shall be subject and subordinate to the lien of any Leasehold Mortgagee, on all property of Tenant kept or used on the leased premises, whether the same is exempt from execution or not, to secure payment of any and all moneys then due or thereafter becoming due to Landlord under the terms and conditions of this Lease. It is expressly understood (i) that time shall be of the essence; (ii) that the failure of Landlord to exercise any right hereunder shall not constitute a waiver of any other or further default of Tenant, including any other or further default in the payment of Rent when due; and (iii) except as provided in this Section 17.2, the enumeration herein of express rights, options and privileges shall not limit Landlord thereto nor deprive Landlord of any other remedy or action or cause of action by reason of any default of Tenant, notwithstanding termination of Tenant's right to possession. Tenant shall pay Landlord for all costs and expenses, including reasonable attorneys' fees and interest on all sums due at the rate of 15% per annum, compounded daily from each due date until paid in full, incurred by Landlord in connection with the recovery of any Rent due and unpaid under the terms of this Lease.
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Remedies for Tenant Default. If an Event of Default shall occur hereunder, Landlord shall have all remedies available to it at law or in equity, and it shall and may be lawful for the Landlord, at its option, by summary proceedings or by any other appropriate legal action or proceedings, to terminate this Ground Lease and to enter upon the Leased Premises or any part thereof and expel the Tenant or any person or persons occupying the Leased Premises and so to repossess and enjoy the Leased Premises. Subject to the provisions of this Ground Lease, at any time or from time to time after any such termination or expiration of this Ground Lease, Landlord may relet the Leased Premises or any part thereof in Landlord’s own name, or otherwise, for such term or terms and with such options or extension or renewal (which may be greater or less than the periods which would otherwise have constituted the balance of the Term of this Ground Lease) and on such conditions as Landlord, in its discretion, may determine and may collect and receive the rentals therefor. In the event of such reletting, all rentals received by Landlord shall be applied first to the payment of any commercially reasonable costs or expenses of reletting incurred by Landlord, second to the payment of rental due and unpaid to Landlord hereunder; and the residue, if any, shall be held by Landlord and applied to any rental thereafter due Landlord under this Ground Lease. Pursuit of any of the foregoing remedies shall not preclude pursuit of any of the other remedies herein provided, nor shall pursuit of any remedy herein provided constitute a forfeiture or waiver of any Base Rent or charges due to Landlord hereunder, or of any damages accruing to Landlord by reason of the violation of any of the terms, provisions, and covenants herein contained.
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Remedies for Tenant Default 
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Related to Remedies for Tenant Default

  • Remedies for Default (a) Enterprise Services’ rights to suspend and terminate Contractor’s rights under this Master Contract are in addition to all other available remedies. (b) In the event of termination for default, Enterprise Services may exercise any remedy provided by law including, without limitation, the right to procure for all Purchasers replacement goods and/or services. In such event, Contractor shall be liable to Enterprise Services for damages as authorized by law including, but not limited to, any price difference between the Master Contract price and the replacement or cover price as well as any administrative and/or transaction costs directly related to such replacement procurement – e.g., the cost of the competitive procurement.

  • Events of Default Remedies on Default Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise: (a) Borrowers (or any other Obligor, if applicable) fail to pay (i) any principal of any Loan when due (whether at stated maturity, on demand, upon acceleration or otherwise) or (ii) any interest, fee, indemnity or other amount payable under this Agreement or any other Loan Document within 2 Business Days after the date when due; (b) Any representation or warranty of an Obligor made in any Loan Documents or transactions contemplated thereby is incorrect or misleading in any material respect when made or deemed made; (c) Borrowers breach or fail to perform any covenant contained in Section 7.2, 7.3, 9.1.1, 9.

  • Events of Default Rights and Remedies on Default 10.1 Events of Default 10.2 Acceleration of the Obligations

  • Lessor's Remedies on Default If Lessee defaults in the payment of rent or defaults in the performance of any of the other covenants or conditions hereof, Lessor may give Lessee notice of such default and if Lessee does not cure any such default within thirty (30) days after the giving of such notice (or if the default is of a nature that it cannot be completely cured within such period, if Lessee does not commence such cure within such thirty (30) days and thereafter proceed with reasonable diligence and in good faith to cure such default), then Lessor may terminate this Lease on not less than thirty (30) days' notice to Lessee. On the date specified in such notice, the term of this Lease shall terminate and Lessee shall then quit and surrender the Premises to Lessor, without extinguishing Lessee’s liability. If this Lease shall have been so terminated by Lessor, Lessor may at any time thereafter resume possession of the Premises by any lawful means and remove Lessee or other occupants and their effects.

  • Remedies for Events of Default If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of the Notes then outstanding may declare all the Notes to be immediately due and payable. If a bankruptcy or insolvency default with respect to the Company or any of its Significant Subsidiaries occurs and is continuing, the Notes automatically become immediately due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of at least a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of any trust or power.

  • Additional Remedies of Trustee Upon Event of Default During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 6.14, shall have the right, in its own name and as trustee of the Trust Fund, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filings of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.

  • Remedies; Obtaining the Collateral Upon Default Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law, shall have all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions and may: (i) personally, or by agents or attorneys, immediately take possession of the Collateral or any part thereof, from such Assignor or any other Person who then has possession of any part thereof with or without notice or process of law, and for that purpose may enter upon such Assignor's premises where any of the Collateral is located and remove the same and use in connection with such removal any and all services, supplies, aids and other facilities of such Assignor; (ii) instruct the obligor or obligors on any agreement, instrument or other obligation (including, without limitation, the Receivables and the Contracts) constituting the Collateral to make any payment required by the terms of such agreement, instrument or other obligation directly to the Collateral Agent; (iii) withdraw all monies, securities and instruments in the Cash Collateral Account for application to the Obligations in accordance with Section 7.4 hereof; (iv) sell, assign or otherwise liquidate any or all of the Collateral or any part thereof in accordance with Section 7.2 hereof, or direct the relevant Assignor to sell, assign or otherwise liquidate any or all of the Collateral or any part thereof, and, in each case, take possession of the proceeds of any such sale or liquidation; (v) take possession of the Collateral or any part thereof, by directing the relevant Assignor in writing to deliver the same to the Collateral Agent at any place or places designated by the Collateral Agent, in which event such Assignor shall at its own expense:

  • Remedies Upon Event of Default If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: (a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect thereto); and (d) exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C Issuer under the Loan Documents; provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.

  • Rights and Remedies Upon Default Upon occurrence of any Event of Default and at any time thereafter, the Secured Party shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Party shall have all the rights and remedies of a secured party under the UCC and/or any other applicable law (including the Uniform Commercial Code of any jurisdiction in which any Collateral is then located). Without limitation, the Secured Party shall have the following rights and powers: (a) The Secured Party shall have the right to take possession of the Collateral and, for that purpose, enter, with the aid and assistance of any person, any premises where the Collateral, or any part thereof, is or may be placed and remove the same, and the Company shall assemble the Collateral and make it available to the Secured Party at places which the Secured Party shall reasonably select, whether at the Company's premises or elsewhere, and make available to the Secured Party, without rent, all of the Company's respective premises and facilities for the purpose of the Secured Party taking possession of, removing or putting the Collateral in saleable or disposable form. (b) The Secured Party shall have the right to operate the business of the Company using the Collateral and shall have the right to assign, sell, lease or otherwise dispose of and deliver all or any part of the Collateral, at public or private sale or otherwise, either with or without special conditions or stipulations, for cash or on credit or for future delivery, in such parcel or parcels and at such time or times and at such place or places, and upon such terms and conditions as the Secured Party may deem commercially reasonable, all without (except as shall be required by applicable statute and cannot be waived) advertisement or demand upon or notice to the Company or right of redemption of the Company, which are hereby expressly waived. Upon each such sale, lease, assignment or other transfer of Collateral, the Secured Party may, unless prohibited by applicable law which cannot be waived, purchase all or any part of the Collateral being sold, free from and discharged of all trusts, claims, right of redemption and equities of the Company, which are hereby waived and released.

  • Remedies Upon an Event of Default If any Event of Default shall have occurred and be continuing, then, and in any such event, the Administrative Agent may, and upon written instructions from the Majority Lenders, shall, (i) by notice to the Borrower declare all Tender Advances and all interest accrued thereon and all other amounts due hereunder immediately due and payable and, upon such declaration, the same shall become and be immediately due and payable (provided that, upon the occurrence of any Event of Default under Section 6.01(e) of the Credit Agreement, all such amounts shall automatically become and be immediately due and payable) without diligence, presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, (ii) give written notice to the Trustee as contemplated in the applicable Indenture that an Event of Default has occurred with directions for either a mandatory tender or acceleration of all Bonds covered by a Xxxx XX currently outstanding, (iii) by notice sent to the Borrower, require the immediate deposit of cash collateral in an amount equal to the Maximum Credit Amount for all Bond LCs and all unpaid Tender Advances, and the same shall thereupon become and be immediately due and payable by the Borrower; provided, however, that the Administrative Agent shall cause such cash collateral to be deposited in a separate account which shall not be debited to make any payment directly to a beneficiary of a Xxxx XX pursuant to a draw by such beneficiary under such Xxxx XX, and (iv) pursue all remedies available to it at law, by contract, at equity or otherwise, including all remedies under the Pledge Agreement and the Control Agreements. The Borrower hereby pledges, assigns and grants to the Administrative Agent, on behalf of and for the ratable benefit of the Lenders and any LC Issuer, a security interest in all of the Borrower’s right, title and interest in and to all funds which may from time to time be on deposit in such cash collateral account to secure the prompt and complete payment and performance of the Borrower’s obligations hereunder (including, without limitation, any and all Xxxx XX Reimbursement Obligations and any other amounts as shall become due and payable by the Borrower to the Lenders or any LC Issuer under this Agreement, the Pledge Agreement or any Control Agreement), and the Administrative Agent may at any time or from time to time after funds are deposited in the such cash collateral account, apply such funds to the payment of any such obligations. All funds on deposit in any cash collateral account shall be invested as required in any tax exemption or arbitrage certificate and agreement among the Borrower, the Issuer and the Trustee applicable to each series of Bonds covered by a Xxxx XX (each, a “Tax Agreement”), with respect to the investment of Gross Proceeds (as defined in the applicable Tax Agreement).

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