Use of Term "Default" Sample Clauses

Use of Term "Default". Whenever any obligation of Landlord or right of Tenant is conditioned on no default having occurred under the Lease or Tenant not being then in default, the term "default" shall mean any material breach of the provisions of this Lease that continues after the expiration of all applicable notice and cure periods and remains uncured at the applicable time. No inference contrary to the foregoing sentence shall be made from the express use of the phrase “beyond any applicable notice and cure period” or words of similar effect in some instances and not in others.
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Related to Use of Term "Default"

  • Use of Terms The terms “affiliated person,” “interested persons,” “assignment,” and “majority of the outstanding voting securities,” as used herein, shall have the same meanings as in the 1940 Act and any applicable regulations thereunder.

  • Consequences of Termination Upon the termination of this Agreement:

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