Uncured Default Involving Accrued Monetary Obligations Sample Clauses

Uncured Default Involving Accrued Monetary Obligations. In the event of any Uncured Default as to an Accrued Monetary Obligation, which occurs at a time when the “Subleasehold Deed of Trust” (as defined in Section 16.3 below) remains as a valid lien against a Condominium Sublease, Sublessor may exercise all rights and remedies of Sublessor as Beneficiary under that Subleasehold Deed of Trust. If any Uncured Default as to an Accrued Monetary Obligation occurs at a time when the Subleasehold Deed of Trust does not constitute a valid lien against the Condominium Sublease, Sublessor shall be entitled to recover any amounts included in said Uncured Default of an Accrued Monetary Obligation by an action at law for damages, including but not limited to an action in accordance with California Civil Code Section 1951.4 or successor provisions.
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Related to Uncured Default Involving Accrued Monetary Obligations

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

  • Developer Event of Default Any of the following events shall constitute an event of default by the Developer ("Developer Event of Default") unless such event has occurred as a result of a Force Majeure Event or the Authority Event of Default or any governmental action for reasons other than any breach, default or lapse on the part of the Developer:

  • Monetary Default If a Monetary Default occurs and continues for 10 Business Days after Notice from Landlord, specifying in reasonable detail the amount of money not paid and the nature and calculation of each such payment.

  • 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:

  • 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”):

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Default Interest Rate From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise applicable interest rate hereunder, which interest shall be payable upon demand. In addition to the foregoing, a late payment charge equal to five percent (5%) of each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver of any Event of Default under the Agreement. In no event shall the interest payable under this Addendum and the Agreement at any time exceed the maximum rate permitted by law.

  • Termination and Default Either party, upon determination that the other party has failed or refused to perform or is otherwise in breach of any obligation or provision under this Agreement or the Contract Document, may give written notice of default to the defaulting party in the manner specified for the giving of notices herein. Termination of this Agreement by either party for any reason shall have no effect upon the rights or duties accruing to the parties prior to termination.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • No Event of Default No Default or Event of Default has occurred and is continuing.

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