Claimed Default Clause Samples

Claimed Default. Promptly upon receipt of any notice from, or the taking of any action by, the holder of any Indebtedness of the Board with respect to a claimed default, copies of such notice or a report of such action.
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Claimed Default. Promptly upon receipt of any notice from, or the taking of any action by, the holder of any Indebtedness of the Borrower or any Guarantor with respect to a claimed default which the Borrower reasonably anticipates may have a Material Adverse Effect, copies of such notice or a report of such action.
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Claimed Default. Optimum Technologies, a tenant in the 1800 --------------- Perimeter Park West Development Property has asserted a claim for reimbursement of expenses due to delay in delivery of their space by the Project Partnership. If the partnership, after reviewing the matter, determines in the exercise of commercially reasonable judgement that this tenant is due reimbursement, the contributors agree to reimburse the partnership for funds paid by the
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Claimed Default. Land Representations and Warranties.................................. 31 ----------------------------------- EXHIBITS ------------ Exhibit A Legal Descriptions of Land Exhibit B Completed Properties Exhibit C Existing Loans Exhibit D Permitted Exceptions Exhibit E Potential Commission Obligations Exhibit F List of Contributors Exhibit G Schedule of Contribution Values for each Completed Property Exhibit H Intentionally Omitted Exhibit I Inventory of Tangible Personal Property Exhibit J Form of Tenant Estoppel Certificate Exhibit K Transaction Documents Exhibit L Schedule of Ownership Interests Exhibit M Intentionally Omitted Exhibit N Environmental Reports Exhibit O Existing Loan Documents Exhibit P Pending or Threatened Litigation Exhibit Q Engineering Reports Exhibit R Insurance Coverage Exhibit S Schedule of Uncompleted Improvements Exhibit T List of Service Contracts Exhibit U Rent Roll Exhibit V List of Major Tenants CONTRIBUTION AGREEMENT ---------------------- FOR --- COMPLETED PROPERTIES -------------------- THIS CONTRIBUTION AGREEMENT FOR COMPLETED PROPERTIES (this "Agreement") --------- made as of this 31st day of December, 1996, by and among "CONTRIBUTORS" (as hereinafter defined) and WEEKS REALTY, L.P., a Georgia limited partnership authorized to do business in the State of North Carolina as Weeks Realty Limited Partnership (the "Partnership"); -----------
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Related to Claimed Default

  • Notice of Claimed Default Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are taking or proposes to take with respect thereto.

  • Answer and Default An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date. If an answer is not delivered by the required deadline, the arbitrator must provide written notice to the defaulting party stating that the arbitrator will enter a default award against such party if such party does not file an answer within five (5) calendar days of receipt of such notice. If an answer is not filed within the five (5) day extension period, the arbitrator must render a default award, consistent with the relief requested in the Arbitration Notice, against a party that fails to submit an answer within such time period.

  • Termination and Default Either party, upon determination that the other party has failed or refused to perform or is otherwise in breach of any obligation or provision under this Agreement or the Contract Document, may give written notice of default to the defaulting party in the manner specified for the giving of notices herein. Termination of this Agreement by either party for any reason shall have no effect upon the rights or duties accruing to the parties prior to termination.

  • Existing Defaults No Loan Party is in default in the performance, observance or fulfillment of any of the obligations, contained in any Contractual Obligation applicable to it, and no condition exists which, with or without the giving of notice or the lapse of time, would constitute a default under such Contractual Obligation, except, in any such case, where the consequences, direct or indirect, of such default or defaults, if any, could not reasonably be expected to have a Material Adverse Effect on the Loan Parties, taken as a whole.

  • Monetary Default Any failure by a Party to pay, deposit or deliver, when and as this Agreement requires, any amount of money, any bond or surety or evidence of any insurance coverage required to be provided under this Agreement, whether to or with a Party or a Third Person.