Personal Default means any Nonmonetary Default of Tenant that is not reasonably susceptible of cure by a Leasehold Mortgagee or assignee of Tenant, such as (to the extent, if any, that any of the following may actually constitute a Default under this Lease) a Bankruptcy Proceeding affecting Tenant or any other Person; failure to deliver financial information within Tenant’s control; and any other Nonmonetary Default that by its nature relates only to, or can reasonably be performed only by, Tenant.
Personal Default means any nonmonetary default under this Agreement that is not susceptible to cure by a Leasehold Mortgagee.
Personal Default means any Nonmonetary Default that is not reasonably susceptible of cure by a Leasehold Mortgagee, such as (to the extent, if any, that any of the following may actually constitute a default) a bankruptcy proceeding affecting Lessee; a prohibited transfer; failure to deliver financial information within Lessee’s control; failure to remove or retain any particular officer, employee, or director of Lessee; failure to comply with restrictions on competition or other activities that relate to other sites owned or leased by Lessee; and any other Nonmonetary Default that by its nature relates only to, or can reasonably be performed only by, Lessee.
Examples of Personal Default in a sentence
In no event, however, shall the New Operator be required to cure a Personal Default of OVG as a condition to obtaining or retaining a New Agreement or otherwise.
In no event, however, shall the New Operator be required to cure a Personal Default of ArenaCo as a condition to obtaining or retaining a New Agreement or otherwise.
In no DRAFTevent, however, shall the New Operator be required to cure a Personal Default of OVG as a condition to obtaining or retaining a New Agreement or otherwise.
More Definitions of Personal Default
Personal Default means any nonmonetary default under this Agreement that is not susceptible to cure by a ArenaCo Lender.
Personal Default is a default that (a) cannot be cured by the payment of money or performance of maintenance, repair, or construction work or (b) is otherwise not readily susceptible to cure by a party other than Tenant.