SUBTENANT’S DEFAULT. (a) If at any time subsequent to the date of this Sublease any one or more of the following events (herein referred to as a “Default of Subtenant”) shall happen:
(i) Subtenant shall fail to pay the Basic Rent, Escalation Charges or additional charges hereunder when due and such failure shall continue for five (5) full Business Days after notice to Subtenant from Sublandlord (“Monetary Default”); or
(ii) Subtenant shall neglect or fail to perform or observe any other covenant herein contained on Subtenant’s part to be performed or observed and Subtenant shall fail to remedy the same within thirty (30) days after notice to Subtenant specifying such neglect or failure, or if such failure is of such a nature that Subtenant cannot reasonably remedy the same within such thirty (30) day period, Subtenant shall fail to commence promptly to remedy the same and to prosecute such remedy to completion with diligence and continuity; or
(iii) Subtenant’s leasehold interest in the Subleased Premises shall be taken on execution or by other process of law directed against Subtenant; or
(iv) Subtenant shall make an assignment for the benefit of creditors or shall be adjudicated insolvent, or shall file any petition or answer seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief for itself under any present or future Federal, State or other statute, law or regulation for the relief of debtors (other than the Bankruptcy Code, as hereinafter defined), or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of Subtenant or of all or any substantial part of its properties, or shall admit in writing its inability to pay its debts generally as they become due; or
(v) An Event of Bankruptcy (as hereinafter defined) shall occur with respect to Subtenant; or
(vi) A petition shall be filed against Subtenant under any law (other than the Bankruptcy Code) seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future Federal, State or other statute, law or regulation and shall remain undismissed or unstayed for an aggregate of sixty (60) days (whether or not consecutive), or if any trustee, conservator, receiver or liquidator of Subtenant or of all or any substantial part of its properties shall be appointed without the consent or acquiescence of Subtenant and such appointment shall remain unvacated or unstayed f...
SUBTENANT’S DEFAULT. 14.1 Any one or more of following events shall be considered a “Default” by Subtenant, as such term is used in this Sublease:
(a) Subtenant fails to make any payment of Rent required to be made by Subtenant within three (3) business days following written notice from Sublandlord that the same is past due; provided, however, Sublandlord shall not be obligated to provide written notice of monetary default more than two (2) times in any calendar year, and each subsequent monetary default shall be a Default if not received within three (3) business days after the same is due; provided further, such notice shall be in lieu of, and not in addition to, any notice required under Section 1161 et seq. of the California Code of Civil Procedure; or
(b) Subtenant fails to fulfill, keep, observe or perform any of the other covenants and obligations herein contained to be fulfilled, kept, observed and performed by Subtenant, and such failure continues for more than fifteen (15) days after notice thereof in writing to Subtenant, or for such longer period (not to exceed an additional forty-five (45) days) as may be reasonably required to cure such failure, provided Subtenant is continuously and diligently prosecuting such cure at all times to completion and such cure period does not cause or threaten to cause an Event of Default of Sublandlord under the Master Lease; provided, such notice shall be in lieu of, and not in addition to, any notice required under Section 1161 et seq. of the California Code of Civil Procedure; or
(c) Subtenant shall be adjudged an involuntary bankrupt, or a decree or order approving a petition or answer filed against Subtenant seeking reorganization of Subtenant under the Federal bankruptcy laws as now or hereafter amended, or under the laws of any State, shall be entered, and any such decree or judgment or order shall not have been vacated or stayed or set aside within sixty (60) days from the date of the entry or granting thereof; or
(d) Subtenant shall file, or admit the jurisdiction of the court and the material allegations contained in, any petition in bankruptcy, or any petition pursuant or purporting to be pursuant to the Federal Bankruptcy laws now or hereafter amended, or Subtenant shall institute any proceedings for relief of Subtenant under any bankruptcy or insolvency laws or any laws relating to the relief of debtors, readjustment of indebtedness, re-organization, arrangements, composition or extension; or
(e) Subtenant shall (i) ab...
SUBTENANT’S DEFAULT. In the event of a default by Subtenant under this Agreement, Subtenant agrees that the remedies of Sublandlord with respect to Subtenant will be the same as those of Landlord with respect to Sublandlord, as “Tenant” under the Lease.
SUBTENANT’S DEFAULT. The events that constitute Events of Default by Subtenant are set forth in the incorporated Section 16.1 of the Master Lease, as incorporated herein by reference and modified as provided in Paragraph 3 above.
SUBTENANT’S DEFAULT. Any of the following shall constitute an Event of Default by Subtenant:
SUBTENANT’S DEFAULT. Subtenant shall be in breach of this Sublease if: (a) Subtenant shall default in the payment of Rent and such default shall continue for fifteen (15) days after Sublandlord shall have given Subtenant a written notice of the same, or (b) Subtenant shall default in the performance of any other term hereunder and such default shall continue for thirty (30) days after written notice from Sublandlord of same. In the event of such breach, Sublandlord may terminate this Sublease upon giving written notice, and re-enter the Sign Space and remove any Advertising Materials.
SUBTENANT’S DEFAULT. Notwithstanding any provision to the contrary contained in the Sublease, if a Default by Subtenant under the Sublease (including, without limitation, this Work Agreement) has occurred at any time on or before the substantial completion of the Subtenant Initial Improvements, then (i) in addition to all other rights and remedies granted to Sublandlord pursuant to the Sublease, Sublandlord shall have the right to withhold payment of all or any portion of the Allowance, and (ii) all other obligations of Sublandlord under the terms of this Work Agreement shall be forgiven until such time as such default is cured pursuant to the terms of the Sublease.
SUBTENANT’S DEFAULT. (a) The occurrence of any one or more of the following matters constitutes an event of default by Subtenant under this Sublease:
(i) failure by Subtenant to pay basic rent within ten (10) business days after receipt of written notice of such failure to pay on the due date; or
(ii) failure by Subtenant to pay additional rent or any other amounts payable hereunder within ten (10) business days after receipt of written notice of such failure to pay when due; or
(iii) Subtenant shall be liquidated or dissolved (if a corporation or other entity); or
(iv) failure by Subtenant to observe or perform any other covenant, agreement, condition or provision of this Sublease, if such failure shall continue for twenty (20) days after receipt of written notice from Sublandlord to Subtenant, except that if such default cannot be cured within such twenty (20) day period, Subtenant shall have such longer period (not to exceed an additional seventy (70) days) as may be reasonably required to effectuate such cure if Subtenant commences to cure such default within such twenty (20) day period and thereafter diligently and continuously prosecutes such cure to completion.
SUBTENANT’S DEFAULT. The occurrence of any one or more of the following events shall be deemed a default and breach of this Sublease by Subtenant (each an “Event of Default”):
A. Subtenant’s failure to make any payment of Base Rent or any other payment required to be made by Subtenant hereunder, as and when due which failure shall continue for five (5) business days after receipt of written notice from Sublandlord;
B. Subtenant’s failure to perform or observe any term, condition, covenant or obligation required to be performed or observed by it under this Sublease (other than a default under Section 18.A of this Sublease), for more than thirty (30) days after receipt of written notice thereof from Sublandlord (or such longer period as may be allowed under the terms of the Lease to cure such failure); and
C. Subtenant’s failure to perform or observe any term, condition, covenant or obligation required to be performed or observed by Sublandlord under the Lease, and such failure continues beyond any applicable notice or cure period provided for in the Lease. Any occurrence under Section 18.A, Section 18.B, or Section 18.C of this Sublease shall be deemed an event of default under the Lease with respect to Subtenant under this Sublease. Upon the occurrence of any Event of Default under this Sublease, Sublandlord shall have all rights afforded to Landlord under the Lease.
SUBTENANT’S DEFAULT. Each of the following shall be an event of default by Subtenant: (a) Subtenant fails to pay any installment of the Sublease Rent or any other sum of money owing to Sublandlord when due, and the failure continues for five (5) business days or more after Subtenant receives written notice from Sublandlord.
