Default and Remedies for Default Sample Clauses
Default and Remedies for Default. In the event PURCHASER fails to make two consecutive payments provided for herein, or any of them, punctually and under strict terms and at the times above specified, or commits or suffers any strip or waste of or on such premises, or breaches the other terms or conditions of this contract, time of payment and strict performance being declared to be the essence of this contract, then the COUNTY at its option, shall have the right:
a. To cancel this contract in accordance with ORS 275.220 or other applicable laws.
b. To foreclose this contract by suit, in equity, or at law, or assert any other right existing by law or in equity. In the event of such cancellation or foreclosure all of the right and interest herein created or then existing in favor of PURCHASER derived under this contract PURCHASER shall utterly cease, and the right to possession of real property above described and all rights acquired by the PURCHASER shall revert to and revest in COUNTY without an act of reentry or any other act of COUNTY to be performed, and without any right of PURCHASER of return, reclamation or compensation for moneys paid on account of the purchase of said property, as absolutely, fully and perfectly as if this contract and such payments had never been made; and, in the event of such default, all payments heretofore made on this contract are to be retained by and belong to COUNTY as the agreed and reasonable rent of said premises to the time of such default. COUNTY, in the event of such default, shall have the right to immediately, or at any time thereafter, enter upon the real property aforesaid without any process of law and take immediate possession thereof, together with all improvements and appurtenances thereon or thereto belonging. The remedies provide COUNTY above are nonexclusive and in addition to any other remedies provided by law.
Default and Remedies for Default. 14 - 10.1 Events of Default........................................... - 14 - 10.1.1 Tenant Bankruptcy/Insolvency....................... - 14 - 10.1.2 Delinquency in Payment............................. - 14 - 10.1.3 Abandonment........................................ - 14 - 10.1.4 Failure to Perform Covenants....................... - 14 - 10.2 Remedies of Landlord for Default by Tenant.................. - 14 - 10.2.1 Landlord Cure...................................... - 15 - 10.2.2 Distrain........................................... - 15 - 10.2.3 Exercise General Lien.............................. - 15 - 10.2.4 Right of Re-Entry.................................. - 15 - 10.2.5 Termination of Lease............................... - 15 - 10.3 Non-Waiver of Remedies...................................... - 16 - ARTICLE 11.
Default and Remedies for Default. Each of the following events shall be an "Event of Default" hereunder:
6.1.1. Failure of Lessee to pay any installment of rent or any part thereof (including but not limited to failure to make any deposit required under the terms of this lease) or any other payment of money, costs, or expenses herein agreed to be paid by Lessee, after fifteen (15) days written notice from Lessor;
6.1.2. Failure to observe or perform one or more of the other terms, conditions, covenants, or agreements of this Lease and the continuance of such failure for a period of 15 days after written notice by Lessor specifying such failure (unless such failure requires work to be performed, acts to be done, or conditions to be removed which cannot by their nature reasonably be performed, done, or removed, as the case may be, within such 15 day period, in which case no default shall be deemed to exist so long as Lessee shall have commenced to observe or perform the same within such 15 day period and shall diligently and continuously prosecute the same to completion);
6.1.3. The filing of an application by Lessee for, or a consent to the appointment of, a receiver, trustee, or liquidator of itself or of all of its assets;
6.1.4. The filing by Lessee of a voluntary petition in bankruptcy or the filing of a pleading in any court or record admitting in writing its inability to pay its debts as they become due;
6.1.5. The making by Lessee of a general assignment for the benefit of creditors;
6.1.6. The filing by Lessee of an answer admitting the material allegations of or consenting to or defaulting in answering a petition filed against it in any bankruptcy proceeding;
6.1.7. The entry of an order, judgment, or decree by any court of competent jurisdiction adjudging Lessee a bankrupt or appointing a receiver, trustee, or liquidator of it, or all of its assets, and such order, judgment, or decree continuing unstayed and in effect for any period of sixty (60) consecutive days;
Default and Remedies for Default. Violations of any of the provisions of this Agreement, including a failure to pay any sum of money when due, shall constitute an act of default. Upon any act of default, the non-defaulting party may terminate this Agreement and exercise any and all legal and equitable remedies.
Default and Remedies for Default. 24 ARTICLE
Default and Remedies for Default. Any default by the Borrower in performance of its obligations under this Agreement shall constitute a default by the Borrower under the Loan Documents and Lender may avail itself of any remedy provided therein against the Borrower.
Default and Remedies for Default