CONDITIONAL LIMITATIONS Sample Clauses
The "Conditional Limitations" clause sets specific restrictions or limitations that only apply if certain conditions are met. In practice, this means that a party’s rights or obligations may be limited or altered if a triggering event occurs, such as a failure to meet a deadline or a change in circumstances. For example, a license might automatically terminate if the licensee breaches a key term. This clause is used to manage risk and provide clear consequences for particular events, ensuring that parties understand the boundaries of their rights and obligations under specified conditions.
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CONDITIONAL LIMITATIONS. 34 SECTION 22.1. Conditional Limitations .......................... 34 SECTION 22.2. Remedies and Damages ............................. 36 SECTION 22.3. Waiver of Trial by Jury and Counterclaims ........ 38 SECTION 22.4. No Holdover by Tenant ............................ 38 SECTION 22.5. Landlord's Right to Cure ......................... 38 SECTION 22.6. Effects of Waivers of Breach; No Other Waiver .... 38 SECTION 22.7. Remedies Not Exclusive ........................... 39 SECTION 22.8. Payment of Landlord's Expenses ................... 39
CONDITIONAL LIMITATIONS. This Sublease and the demised term are subject to the limitation that if, at any time prior to or during the term, any one or more of the following events (herein called an "event of default") shall occur, that is to say:
(a) If Subtenant shall make an assignment for the benefit of its creditors; or
(b) If the subleasehold estate hereby created shall be taken on execution or by other process of law; or
(c) If any petition shall be filed against Subtenant in any court, whether or not pursuant to any statute of the United States or of any State, in any bankruptcy, reorganization, composition, extension, arrangement, or insolvency proceedings, and Subtenant shall thereafter be adjudicated bankrupt, or such petition shall be approved by the court, or the court shall assume jurisdiction of the subject matter and if such proceedings shall not be dismissed within ninety (90) days after the institution of the same, or if any such petition shall be so filed by the Subtenant; or
(d) If in any proceedings a receiver or trustee be appointed for Subtenant's property, and such receivership or trusteeship shall not be vacated or set aside within ninety (90) days after the appointment of such receiver or trustee; or
(e) If Subtenant shall vacate or abandon the Premises and permit the same to remain unoccupied or closed for business for more than thirty (30) days; or
(f) If Subtenant shall fail to pay any installment of the Fixed Rent or any part thereof when the same shall become due and payable, and such failure shall continue for ten (10) days after notice from Sublandlord; or
(g) If Subtenant shall fail to pay any other charge required to be paid by Subtenant hereunder, and such failure shall continue for ten (10) days after notice thereof from Sublandlord to Subtenant; or
(h) If Subtenant shall fail to perform or observe any other requirement of this Sublease (not hereinbefore in this paragraph specifically referred to) on the part of Subtenant to be performed or observed, and such failure shall continue for thirty (30) days after notice thereof from Sublandlord to Subtenant;
CONDITIONAL LIMITATIONS. The Lease and the estate hereby granted are subject to the limitations that (each of the following being hereinafter referred to as an "event of default," a "default," an "Event of Default," or a "Default," as the context so requires):
CONDITIONAL LIMITATIONS. Each covenant and agreement of Lessor and Lessee shall be a condition to the performance of the other's obligation hereunder, and breach by any party thereof, uncured as provided for herein, shall be in default.
CONDITIONAL LIMITATIONS. The following shall constitute Events of Default:
CONDITIONAL LIMITATIONS. The Lease and the estate hereby granted are subject to the limitations that:
CONDITIONAL LIMITATIONS. 8 12.02 Sublandlord's Remedies.........................................................................10
CONDITIONAL LIMITATIONS. This Lease and the Lease Term and ----------------------- estate hereby granted are subject to the limitation that if any of the following (each a "Conditional Limitation") shall occur, Landlord may, at any time thereafter, give a written notice to Tenant stating that this Lease and the Lease Term and estate hereby granted shall automatically expire and terminate on the date specified in such notice, which date shall be twenty (20) days after the giving of such notice, and upon the expiration of such twenty (20) day period this Lease and the Lease Term and estate hereby granted shall automatically expire and terminate as if the last day of such twenty (20) day period were the Expiration Date herein definitely fixed, and Tenant immediately shall quit and surrender the Premises to Landlord, but Tenant shall remain liable for damages as provided in this Article XXIII. EXECUTION COPY
23.1.1 [INTENTIONALLY OMITTED] -----------------------
CONDITIONAL LIMITATIONS. This Lease and the demised term are subject to the limitation that if, at any time prior to or during the term, any one or more of the following events (herein called an "Event of Default") shall occur, that is to say:
(a) If Tenant shall make an assignment for the benefit of its creditors; or
(b) If the leasehold estate hereby created shall be taken on execution or by other process of law; or
(c) If any petition shall be filed against Tenant in any court, whether or not pursuant to any statute of the United States or of any State, in any bankruptcy, reorganization, composition, extension, arrangement, or insolvency proceedings, and Tenant shall thereafter be adjudicated bankrupt, or such petition shall be approved by the court, or the court shall assume jurisdiction of the subject matter and if any such proceedings shall not be dismissed within sixty (60) days after the institution of the same, or if any such petition shall be so filed by the Tenant, or
(d) If in any proceedings a receiver or trustee be appointed for Tenant's property, and such receivership or trusteeship shall not be vacated or set aside within sixty (60) days after the appointment of such receiver or trustee; or
CONDITIONAL LIMITATIONS. Each obligation imposed on LESSEE is both a covenant and a condition.