Rent Default definition

Rent Default means any failure by Tenant to pay any installment of Rent when due hereunder.
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Rent Default means when the tenant fails to pay rent in accordance with a rental agreement and /or periodic tenancy agreement.
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Rent Default. If Tenant has not paid the rent by the tenth (I 0th) day of the month, said amount is deemed delinquent and will be interest-bearing at the rate of 10% per annum retroactive to the first day of the month for which the rent has not been paid.
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Examples of Rent Default in a sentence

  • At any meeting of the House of Delegates two-thirds of the members present and voting may order a referendum vote of the Medical Society of the State of New York on any question consistent with the Bylaws and in accordance with such regulations respecting the submission of the question as the House of Delegates may prescribe.

  • Tenant shall further be obligated to make all required Rent Default Payments until the subject default is cured.

  • Tenant shall not be entitled to a proration of any Rent Default Payments so paid whether or not Tenant cures the default at any time prior to the last day of the calendar month for which such installments were paid.

  • Under the QM Notices, the QM Subsidiary had (a) with respect to the QM Audit Default, until 30 June 2020; and (b) with respect to the QM Rent Default, until 25 June 2020, in each instance, to cure the applicable QM Defaults, and failing which, the City of Long Beach is entitled to pursue remedies available to it under the QM Lease Agreement and otherwise as provided by applicable law.

  • Each of the Lease Indenture Trustee and the Bondholder Trustee covenant with respect to the Lease Indenture, and the Bondholder Trustee covenants with respect to the Fundco Indenture, that it will comply with the terms of such agreement and will not amend or consent to the amendment of such agreement without the prior written consent of the Owner Lessor, the Owner Participant and, so long as no Lease Event of Default (other than a Rent Default Event) has occurred and is continuing, the Facility Lessee.

  • The Managers had been informed by (a) the City of Long Beach that the QM Subsidiary has 120 days to cure the QM Audit Default from 1 July 2020; and (b) the Sponsor that the QM Master Lessee has paid the monthly rent required in respect of the QM Rent Default and has cured the QM TOT Default, with the outstanding TOT amounts having been fully paid by the QM Master Lessee.

  • RESIDENT understands and agrees that Rent paid after the due date, or paid by dishonored check, shall be considered a Rent Default, and that three or more Rent Defaults in any 12 month period shall constitute a non-curable lease breach, and conclusive evidence of habitual late rent payments, and shall constitute grounds for termination of the tenancy for good and just cause, at any point during the tenancy.

  • Legal expenses What’s not covered?What’s covered?✔ If we have accepted a claim under any of the following events covered under the Optional additional cover Rent Default and Theft by Tenant:1.

  • Landlord shall waive any rights to payment of Excused Rent if no Excused Rent Default has occurred as of the Expiration Date of this Lease.

  • Section 1 Example 3: Rent Default and theft by TennantYou have insured Your Building and Contents under this policy and You have selected the additional cover for Rent Default and Theft by a Tenant.


More Definitions of Rent Default

Rent Default means the failure of the tenant of the "rental unit" to pay the rent due according to a written "lease" agreement with you when one or more of the following conditions exists:
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Rent Default means the Tenant's failure to pay rent when due for the Property under the Tenancy Agreement.
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Rent Default means your tenant fails to pay rent in accordance with the lease agreement. We will pay your rent lost by reason of rent default if your tenant:
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Rent Default. If default is made in the payment of rent, at times above stated, or if the LESSEES shall breach any of the covenants and agreements herein stated, the LESSORS shall have the right at any time thereafter, to declare this lease void and the terms herein contained ended by serving at least ten days written notice upon the LESSEES setting forth the default, and if the default is not corrected within the said ten (15) days thereafter, the LESSORS may enter without notice or demand. The LESSEES shall be liable for all loss or damages from such default.
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Related to Rent Default

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Senior Payment Default means any default in the payment of principal of (or premium, if any) or interest on any Senior Debt of the Company when due, whether at the Stated Maturity of any such payment or by declaration of acceleration, call for redemption or otherwise. In the event that any Senior Nonmonetary Default (as defined below) shall have occurred and be continuing, then, upon the receipt by the Company, the Subsidiary Guarantors and the Trustee of written notice of such Senior Nonmonetary Default from the agent for the Designated Senior Debt which is the subject of such Senior Nonmonetary Default, no Securities Payment shall be made during the period (the “Payment Blockage Period”) commencing on the date of such receipt of such written notice and ending on the earlier of (i) the date on which such Senior Nonmonetary Default shall have been cured or waived or shall have ceased to exist or all Designated Senior Debt the subject of such Senior Nonmonetary Default shall have been discharged; (ii) the 179th day after the date of such receipt of such written notice; or (iii) the date on which the Payment Blockage Period shall have been terminated by written notice to the Company, any Subsidiary Guarantor or the Trustee from the agent for the Designated Senior Debt initiating the Payment Blockage Period; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article Sixteen by delivering and crediting pursuant to Section 1602 Securities which have been acquired (upon redemption or otherwise) prior to the date of such receipt of such written notice. No more than one Payment Blockage Period may be commenced with respect to the Securities of a particular series during any 360-day period and there shall be a period of at least 181 consecutive days in each 360-day period when no Payment Blockage Period is in effect. For all purposes of this paragraph, no Senior Nonmonetary Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period, whether or not within a period of 360 consecutive days, unless such Senior Nonmonetary Default shall have been cured for a period of not less than 90 consecutive days.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • 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).

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Landlord Default shall have the meaning given such term in Article 14.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • 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.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

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

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Event of Default has the meaning specified in Section 8.01.

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

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

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

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