Lease Default Event definition

Lease Default Event means any of the events specified in Section 9.1 of the Lease Agreement.
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Lease Default Event means any event or circumstance specified in 7.01 hereof as a Lease Default Event.
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Lease Default Event means an Event of Default as defined in Section 9.1 of the Lease Agreement.
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Examples of Lease Default Event in a sentence

  • Consultant may retain reproducible copies of all of the foregoing documents for information and reference and customary marketing and public relations.

  • No delay or omission to exercise any right or power accruing upon any Lease Default Event or the failure of the City to observe and perform any of its obligations hereunder shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient.

  • The Port will notify the Trustee of the occurrence of each Default and Lease Default Event of which it is aware.

  • The Designated Port Representative also will deliver notice of such Default to the Commission.Upon the occurrence of a Lease Default Event, the Port shall be entitled to exercise its remedies under the Lease, including its right to terminate the Lessee’s possession of the Premises.

  • The Port covenants that following a Lease Default Event pursuant to Section 13.1(a), (b), (d), (g), (h), or (j) of the Lease, the Port shall exercise its rights under Section 13.2(b) of the Lease to reenter the Premises with or without terminating the Lease.

  • The area of significant change is in relation to VSP which reflects HMRC guidance and subsequent discussions with RCT Pensions in relation to the practical elements of VSP.

  • Notwithstanding anything to the contrary in this Indenture or the Project Lease, the failure to purchase the Series 2014 Bonds on a proposed Fixed Rate Conversion Date is not an Event of Default or Lease Default Event.

  • The City has the option, with the prior consent of the Assignee, at any time and from time to time to release any portion of the Leased Property from this Lease (the “Released Property”) provided that the City has satisfied all of the following requirements which are hereby declared to be conditions precedent to such release: (a) No Lease Default Event has occurred and is continuing.

  • Notwithstanding anything to the contrary in this Indenture or the Project Lease, the failure to purchase theSeries 2014 Bonds on a proposed Fixed Rate Conversion Date is not an Event of Default or Lease Default Event.

  • No event or condition that constitutes, or with the giving of notice or the lapse of time or both would constitute, a Lease Default Event exists at the date hereof.


More Definitions of Lease Default Event

Lease Default Event means an event of default pursuant to and as described in Section 7.01 of the Lease Agreement.
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Lease Default Event means any failure or event specified in Section 7.01 of the Lease Agreement described as constituting a Lease Default Event.
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Lease Default Event means any of the events of default under and as defined in the Lease Agreement.
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Related to Lease Default Event

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Indenture Default means, with respect to any Indenture, any Event of Default (as such term is defined in such Indenture) thereunder.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Default Date the meaning set forth in Section 3.2(a).