Examples of Construction Agency Agreement Event of Default in a sentence
No express or implied waiver by Lessor of any Construction Agency Agreement Event of Default shall in any way be, or be construed to be, a waiver of any future or subsequent Construction Agency Agreement Event of Default.
Without waiving or releasing any obligation or Construction Agency Event of Default, Certificate Trustee may (but shall be under no obligation to) remedy any Construction Agency Construction Agency Agreement Event of Default for the account of and at the sole cost and expense of Construction Agent.
To the extent permitted by any Applicable Laws, Construction Agent hereby waives any rights now or hereafter conferred by statute or otherwise that may require Lessor to sell, lease or otherwise use the Leased Property, the other Collateral or any part or portion of the Leased Property or Collateral in mitigation of damages upon the continuance of a Construction Agency Agreement Event of Default or that may otherwise limit or modify any of Lessor’s rights or remedies under this Article V.
For all purposes of this Agreement and the other Operative Documents, neither the Agent Certificate Holder nor the Lessor Trust shall be deemed to have knowledge of any Construction Agency Agreement Event of Default unless the Lessor Trust or the Agent Certificate Holder receives written notice thereof given by the Construction Agent, the Administrative Agent or any Participant.
The Construction Agent's purchase of any Property in accordance with this Section 5.5 and in accordance with Section 18.1 of the Master Lease shall be deemed to cure the applicable Construction Agency Agreement Event of Default to the extent relating to such Property.
In addition, if Lessor has not elected to terminate this Agreement as provided herein, if requested by Lessor, Construction Agent shall continue diligently to perform its obligations hereunder, including the Site Obligations, in accordance with this Agreement, so long as Lessor provides the funding provided for in Section 4.1 (without regard to the continuance of the Construction Agency Agreement Event of Default).
Upon (i) 91 Participation Agreement 97 the occurrence of a Construction Agency Agreement Event of Default, (ii) the occurrence of a Lease Event of Default, or (iii) the expiration or termination of the Lease, the Lessee will execute and deliver, or cause to be executed and delivered, to the Lessor and the Agent such documents as the Lessor or the Agent shall reasonably request to permit the Lessor and the Agent to pursue any such rights against ARCO.
Agent shall have the right to cure a Construction Agency Agreement Event of Default hereunder with respect to any given Property by purchasing such Property from the Lessor for Termination Value for such Property.
Upon written notice to the Construction Agent, except in emergencies, the Lessor, without waiving or releasing any obligation or Construction Agency Agreement Event of Default, may (but shall be under no obligation to) remedy any Construction Agency Agreement Event of Default hereunder for the account of and at the sole cost and expense of the Construction Agent.
Subject to the satisfaction of the conditions set forth in Section 9 --------- below, the Lessor, the Agent and the Participants hereby agree to waive such Construction Agency Agreement Event of Default.