SNDA; Cross-Default; Termination Sample Clauses

SNDA; Cross-Default; Termination. (a) In order to clarify certain rights and obligations of Ground Landlord, Master Landlord, Sublandlord and Subtenant with respect to the Ground Lease, the Master Lease and this Sublease, Ground Landlord, Master Landlord, Sublandlord, Subtenant and the holder of the first mortgage ("First Mortgage") covering Master Landlord’s interest in and to the Premises (“Mortgagee”) are entering into a Subordination, Non-Disturbance and Attornment Agreement in the form attached as Exhibit D hereto (“SNDA”), which SNDA shall be recorded in the applicable real property records. Notwithstanding the foregoing or anything else in this Sublease (including Section 6 hereof) or the O&M Agreement to the contrary, as between Master Landlord and Sublandlord, Sublandlord shall be and remain primarily liable to Master Landlord for all obligations of “Tenant” under the Master Lease other than payment of the Base Sublease Rent as aforesaid and subject to the terms of the SNDA.
Sample 1
AutoNDA by SimpleDocs

Related to SNDA; Cross-Default; Termination

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Termination for Default The County may, by written notice to the Contractor terminate this contract for default in whole or in part (delivery orders, if applicable) if the Contractor fails to:

  • Cross-Default If "Cross Default" is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period);

  • Termination for Default; Remedies 8.2.1 Each of the following shall constitute an immediate event of default (“Event of Default”) under this Agreement:

  • Termination of Default An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

  • H DEFAULT, DISRUPTION AND TERMINATION H1 Termination on insolvency and change of control H1.1 The Client may terminate the Contract with immediate effect by notice in writing where the Contractor is a company and in respect of the Contractor:

  • Termination on Material Default 30.2.1 The Authority may terminate this Framework Agreement for material Default by issuing a Termination Notice to the Supplier where:

  • Termination for continuing Force Majeure Event Either Party may, by written notice to the other, terminate this Framework Agreement if a Force Majeure Event endures for a continuous period of more than one hundred and twenty (120) Working Days.

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

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