Forfeiture proceedings definition
Examples of Forfeiture proceedings in a sentence
Forfeiture proceedings with respect to a Headlease are commenced or a Headlease is forfeited.
Forfeiture proceedings with respect to the Headlease are commenced or the Headlease is forfeited.
Forfeiture proceedings are commenced against an Obligor under a Headlease or a Headlease is forfeited, provided that an Event of Default will not occur if the Agent is satisfied that such Obligor has commenced an action for relief against forfeiture within five Business Days of the date of commencement of such proceedings, is at all times using all reasonable endeavours to pursue such action and is acting in accordance with the directions of the Agent in respect of such action.
Forfeiture proceedings are commenced against the Borrower under the Headlease or the Headlease is forfeited.
Forfeiture proceedings with respect to any Leasehold Interest or any Building Right are commenced or a Leasehold Interest or a Building Right is forfeited.