Examples of Head Lease Event of Default in a sentence
A Head Lease Event of Default is deemed to occur under any Head Lessee Document.
Event of Default/Head Lease Event of Default Any Development Agreement (Expansion Property) Event of Default or Head Lease Event of Default occurs and such Development Agreement (Expansion Property) Event of Default or Head Lease Event of Default is not remedied to the satisfaction of the Head Lessor within the time specified by the Head Lessor.
Any Development Agreement Event of Default or Head Lease Event of Default occurs and such Development Agreement Event of Default or Head Lease Event of Default is not remedied to the satisfaction of the Head Lessor within the time specified by the Head Lessor.
Each of the events or circumstances set out in this Clause 15 is a Head Lease Event of Default and a repudiation of this Agreement by the Head Lessee.
The Head Lessee confirms that any failure to deliver such conditions subsequent within the required time frame shall be a Head Lease Event of Default.
During the existence and continuance of a Head Lease Event of Default, the Head Lessor or its designee may, but shall not be obligated to, (i) subject to the terms of any Related Document, perform any and all acts required by the Head Lessee's covenants herein contained and take all such action thereon as in the Head Lessor's opinion may be reasonably necessary or appropriate therefor and (ii) make advances to perform the same.
No Event of Default, Manager Default, Head Lease Event of Default, Universal Event or Trigger Event has occurred and is continuing and no event has occurred that with the passage of time would become an Event of Default, Manager Default, Head Lease Event of Default, Universal Event or Trigger Event.
The Head Lessor shall be under no obligation to the Head Lessee or any other Person to perform any such act or make any such payment, and no such payment or performance shall be deemed to waive Head Lease Event of Default or relieve the Head Lessee of its obligations hereunder or be deemed an eviction or termination of this Head Lease or a repossession of the Compressors or any interest therein.
To the extent that the Head Lessor shall at any time receive from the Head Lessee funds in excess of the Monthly Lease Payment and Supplemental Rent then due and payable, then, so long as no Head Lease Event of Default is then continuing, the Head Lessor shall promptly return to the Head Lessee the amount of such excess payment.
No Event of Default, Head Lease Event of Default, Manager Default, Trigger Event or Universal Event has occurred and is continuing and no event has occurred that with the passage of time would become an Event of Default, Head Lease Event of Default, Manager Default, Trigger Event or Universal Event.