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 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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Examples of Sublease Event of Default in a sentence

  • For the avoidance of doubt, if a Sublease Event of Default or Default exists under SECTION 14(a) or 14(b) hereof, Sublessee may not exercise the foregoing purchase options unless at or prior to the time it purchases the Aircraft, Sublessee pays all amounts due to Sublessor under the Operative Documents, thereby curing any such SECTION 14(a) or 14(b) Default or Sublease Event of Default.

  • At such time as there shall not be continuing any such Sublease Event of Default or there shall not be due and owing any such payment, such amount (to the extent not theretofore otherwise applied) shall be paid to Sublessee.

  • Projects are evaluated by TÜBİTAK and NRF independently by their own evaluation procedures.

  • 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.

  • If this Sublease terminates pursuant to this SECTION 9(e), Sublessor shall have the rights and remedies, and Sublessee shall have the obligations, in each case, that are specified in clauses (a) through (e) of SECTION 15 (with the same effect as if a Sublease Event of Default had occurred and was continuing).

  • Unless otherwise directed by the Sublessee or upon the suspension of the irrevocable power of attorney granted to the Sublessee below, neither the Sublessor nor any of its Affiliates shall take any actions to interfere with the Sublessee acting as if it were the Lessee under the Facility Lease and the other Designated Operative Documents as long as no Sublease Event of Default has accrued and is continuing.

  • Any amount referred to in this SECTION 10 which is payable to or retainable by Sublessee shall not be paid to or retained by Sublessee if at the time of such Sublease Agreement (MSN 30808) payment or retention default under SECTION 14(a), (b), (e), or (f) or a Sublease Event of Default has occurred and is continuing, but shall be held by or paid over to Sublessor as security for the obligations of Sublessee under this Sublease and, applied against Sublessee's obligations hereunder as and when due.

  • The assignment to the Agent pursuant to this SECTION 2.11 shall terminate upon the Final Collection Date; PROVIDED, HOWEVER, that the rights of the Agent pursuant to such assignment with respect to rights and remedies in connection with any indemnification or any breach of any representation, warranty or covenant made by Hackensack in the Sale and Contribution Agreement shall be continuing and shall survive any termination of such assignment.

  • If a Sublease Event of Default exists, Sublessor may retain all Casualty Recoveries as cash collateral or, if no Sublease Event of Default exists, Sublessee shall be entitled to apply all Casualty Recoveries in accordance with SECTION 9.1(b), and any balance remaining after compliance with SECTION 9.1(b), as the case may be, shall be retained by or returned to Sublessee.

  • 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.


More Definitions of Sublease Event of Default

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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Sublease Event of Default is defined in Article X of the 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 has the meaning ascribed to is on Section 16 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 shall have the meaning set forth in Section 18.3.

  • 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.

  • 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:

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

  • 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 the Senior Loan Documents.

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

  • 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 an Event of Default under Section 7.01(a), (b), (h) or (i).

  • 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 One or more of the events described in Section 7.01.

  • Mortgage Loan Event of Default means an “Event of Default” under and 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.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.