Sublease Event of Default definition

Sublease Event of Default means, with respect to each Facility Sublease, Lease Event of Default as such term is defined in such Facility Sublease.
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Sublease Event of Default means any of the events described in Section 16 of the Sublease.
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Sublease Event of Default is defined in Article X of the Sublease.
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Examples of Sublease Event of Default in a sentence

  • In addition to, and not in limitation of, the indemnification obligations set forth in the Master Lease, Sub-Subtenant shall indemnify, defend and hold Sub-Sublandlord and Master Landlord harmless from and against all liability, damages, claims, costs and expenses, including reasonable attorneys’ fees incurred in connection therewith, arising out of a Sublease Event of Default.

  • In addition to, and not in limitation of, the indemnification obligations set forth in the Master Lease, Subtenant shall indemnify, defend and hold Sublandlord and Master Landlord harmless from and against all liability, damages, claims, costs and expenses, including reasonable attorneys’ fees incurred in connection therewith, arising out of a Sublease Event of Default.

  • Notwithstanding the foregoing, if any Monetary Default is the result of bank error or an error or generalized delay in the ACH system, Sublessee shall have a period of time not to exceed two (2) business days after it learns of the delay to notify Sublessor of the nature and duration of the delay, and to cause the relevant payment to be completed, thereby curing any Sublease Event of Default.

  • On or before the Closing Date, upon renewal of any policy and upon written request of Sublessor after a Sublease Event of Default, Sublessee shall deliver to Sublessor certificates of insurance satisfactory to Sublessor evidencing the existence of all insurance required to be maintained hereunder and setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage.

  • Merge or consolidate with any Person, except that, after giving effect thereto, no AESOP I Operating Sublease Event of Default would exist, this SECTION 32.1 shall not apply to (i) any merger or consolidation, PROVIDED that such Sublessee is the surviving corporation and if such Sublessee is the surviving corporation, it is a direct or indirect Wholly-Owned Subsidiary of HFS Car Rental, Inc.

  • Quiet Enjoyment Provided no Sublease Event of Default has occurred that is continuing, the Sublessee shall have the right to peaceably and quietly have, hold and enjoy the Property and the Equipment for the Basic Term.

  • With respect to the exercise of rights by the Tax Indemnitee under Section 9.2(d) of the Participation Agreement, the Tax Indemnitee shall, to the extent permitted under Section 9.2(d) of the Participation Agreement, grant the Sublessee a power of attorney to act on behalf of the Tax Indemnitee, provided that no Sublease Event of Default shall have occurred and be occurring.

  • Sublessor has no actual knowledge (as of the Effective Date) of any Sublease Default or Sublease Event of Default under and as defined in the Sublease (it being expressly acknowledged and agreed by Sublessee that the foregoing representation and warranty (a) shall not (and shall not be construed to) limit, in any manner or to any extent, any term or provision of Section 8 of this Agreement, and (b) is without prejudice to Sublessor's rights and remedies referred to in Section 8 of this Agreement).

  • So long as no Sublease Event of Default exists, Sublandlord’s exercise of such purchase option and acquisition of the Premises shall not cause a termination of this Sublease or otherwise adversely affect Subtenant’s right to use, occupy and enjoy the Subleased Premises in accordance with the terms of this Sublease.

  • On the date of the Equipment Purchase Notice and on the applicable Acquisition Date, there shall not have occurred and be continuing any Sublease Event of Default and, after giving effect to the purchase of such Equipment and the subleasing thereof to the Sublessee, there shall not have occurred and be continuing any Sublease Event of Default.


More Definitions of Sublease Event of Default

Sublease Event of Default has the meaning ascribed to is on Section 16 hereof;
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Sublease Event of Default shall have the meaning specified in Section 16 of the Facility Sublease.
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Sublease Event of Default is defined in section 7.8.1 of this Sublease.
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Sublease Event of Default for "Event of Default", (ii) "Sublease" for "Agreement", (iii) "Subtenant" for "Tenant", (iv) "Sublease Basic Rent" for "Basic Rent" and (v) "Tenant" for "Landlord"; and
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Sublease Event of Default means a “Sublease Event of Default” as defined in Section 16.1 hereof.
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Related to Sublease Event of Default

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

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such 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):

  • 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.

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

  • Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • 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.

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

  • Issuer Event of Default means the occurrence of any of the following events:

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

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • 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.

  • 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)).

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

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

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

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • 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.