Monetary Breach definition

Monetary Breach means any failure by the Tenant to pay all or any part of the sums payable by the Tenant under this Lease when due;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Monetary Breach has the meaning specified in Section 7.03. ---------------

Monetary Breach has the meaning set forth in Section 12.4.

Examples of Monetary Breach in a sentence

• If the failure to comply is not a Monetary Breach, the Servicer shall be entitled to a reasonable period of time after such notice in order to remedy the failure.

• If a Monetary Breach occurs the Landlord must not terminate this Lease without first giving formal notice to the Tenant and to each Creditor: requiring payment of the outstanding sum within the period of 14 days immediately following the date of service of the formal notice;67 and stating that failure to pay within that period may result in this Lease being terminated.

• If a Monetary Breach occurs the Landlord must not terminate this Lease without first giving formal notice to the Tenant and to each Creditor: requiring payment of the outstanding sum within the period of 14 days immediately following the date of service of the formal notice;66 and stating that failure to pay within that period may result in this Lease being terminated.

• Notwithstanding the foregoing, if the TSA is terminated, this Lease shall terminate at the end of the transition periods that are the subject of the Monetary Breach Transition Right, Breach Transition Right, Natural Expiration Transition Right or Short Term Transition Right, as applicable (each as set forth in Section 5 of the TSA and, collectively, the “Transition Rights”).

• Caltech shall have the right to terminate this Agreement pursuant to Section 10.2 (Termination for Monetary Breach) for failure to pay such annual minimum royalty.

• If there is a Non Monetary Breach which is capable of being remedied the Landlord must not terminate this Lease without first giving formal notice to the Tenant and to each Creditor specifying the Non Monetary Breach on which the Landlord is seeking to rely and specifying a date by which that Non Monetary Breach must be remedied stating that failure to remedy the breach by that date may result in this Lease being terminated.

• Caltech shall have the right to terminate this Agreement pursuant to Section 10.2 (Termination for Monetary Breach) for failure to pay such MAR.

• Caltech shall have the right to terminate this Agreement pursuant to Section 102 (Termination for Monetary Breach) for failure to pay such MAR.

• With the exception of the Monetary Breach Transition Right, the Breach Transition Right and the Natural Expiration Transition Right, which for the purposes of this Section 9 shall not be considered a hold over by Westwood, if Westwood shall hold over and remain in the CBS Facilities or fail to remove any of its personal property beyond the Term, such holding over shall be governed by the terms of the Leases.

• If a Monetary Breach occurs the Landlord must not terminate this Lease without first giving formal notice to the Tenant and to each Creditor: requiring payment of the outstanding sum within the period of 14 days immediately following the date of service of the formal notice;69 and stating that failure to pay within that period may result in this Lease being terminated.

More Definitions of Monetary Breach

Monetary Breach. (i) Non-payment of any amounts due, including but not limited to Additional Charges, within five (5) days of the date when due, subject to service interruption, and excluding any amounts disputed in good faith;

Monetary Breach means failure to pay when due any Basic Rent or other monetary obligation of Tenant to Landlord under this Lease. Any other event of default that is not a Monetary Breach is a “Non- Monetary Breach.”

Monetary Breach any failure by the Tenant to pay all or any part of the sums payable by the Tenant under this Lease when due;

Monetary Breach. (defined as failure to pay any installment of any monetary amount due and payable hereunder) of this Lease by COUNTY, LESSOR shall notify COUNTY in writing of such breach, and COUNTY shall have ten (10) days from such notice in which to cure said breach or b) in the event of any “Non-Monetary Breach” (defined as failure to perform any obligation, agreement or covenant hereunder) of this Lease, COUNTY fails within fifteen (15) days after receipt by COUNTY of written notice specifying wherein such obligation of COUNTY has not been performed; provided however, that if the nature of COUNTY's obligation is such that more than fifteen (15) days after such notice are reasonably required for its performance, then COUNTY shall not be in breach of this Lease if performance is commenced as soon as reasonably possible within such fifteen (15) day period and thereafter diligently pursued to completion (each, a “COUNTY Default").

Monetary Breach. As defined in Article 27.