Examples of Events of Default by Tenant in a sentence
Such Memorandums of Lease shall also reference that, in limited circumstances following the occurrence of certain limited types of Events of Default by Tenant, Tenant may have an option to purchase in certain circumstances one (1) Leased Property covered by this Lease as to which the aforesaid types of Events of Default have occurred and are continuing.
The times set forth herein for the curing of Events of Default by Tenant are of the essence of this Lease.
The option to extend, as well as the commencement of each renewal term, shall be conditioned on no uncured Events of Default by Tenant then existing.
Upon the occurrence and continuation of any Event or Events of Default by Tenant, whether enumerated in Section 22.1 or not, after giving effect to any grace period applicable thereto, Landlord shall have the option.
Events of Default by Tenant......................................
In the event that, at any time or from time to time, the Security Deposit (or any portion thereof) is applied, on account of any Event(s) of Default by Tenant hereunder or as otherwise expressly provided in this Lease, Tenant shall replenish said Security Deposit in full, within ten (10) days after demand therefor, by paying to Lessor the amount of the Security Deposit so applied.
No merger of Tenant’s leasehold estate into Landlord’s fee title shall result or be deemed to result by reason of ownership of Landlord’s or Tenant’s estates by the same party or by reason of any other circumstances, without the prior consent of all Leasehold Mortgagees, unless such merger results from Events of Default by Tenant, where such Leasehold Mortgagees have been given an opportunity to cure and has failed to do so.
The option to extend, as well as the commencement of the- renewal term, shall be conditioned on no uncured Events of Default by Tenant then existing.
The termination of this Lease by virtue of an Event of Default or Events of Default by Tenant shall not, however, impair any lease entered into by Tenant, as Landlord, with any Sub-Tenant for the rental of all or portion of the Demised Premises.
The following events shall be deemed to be Events of Default by Tenant under this Lease.