Common use of Default by Tenant Clause in Contracts

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.2: (a) Tenant fails to pay any installment of Basic Annual Rent or Estimated Costs or any other sum due hereunder within ten (10) days after Tenant receives written notice of rent due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten (10) days after written notice of such default shall have been given to Tenant by Landlord or, if cure would reasonably require more than ten (10) days to complete, if Tenant fails to commence performance within the ten (10) day period or fails diligently to pursue such cure to completion. (c) Tenant shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 5 contracts

Sources: Sublease (Marchex Inc), Lease Agreement (Myriad Genetics Inc), Lease Agreement (Myriad Genetics Inc)

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.2: (a) Tenant fails to pay any installment of Basic Annual Rent, Laboratory Facility Basic Annual Rent or Estimated Costs or any other sum due hereunder within ten (10) days after Tenant receives written notice of rent due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten thirty (1030) days after written notice of such default shall have been given to Tenant by Landlord or, if cure would reasonably require more than ten thirty (1030) days to complete, if Tenant fails to commence performance within the ten thirty (1030) day period or fails diligently to pursue such cure to completion. (c) Tenant shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 3 contracts

Sources: Sublease Agreement (Myriad Pharmaceuticals, Inc.), Sublease Agreement (Myriad Genetics Inc), Sublease Agreement (Myriad Pharmaceuticals, Inc.)

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.2: (a) Tenant fails to pay any installment of Basic Annual Rent or Estimated Costs Additional Rent or any other sum due hereunder within ten (10) days after Tenant receives written notice of rent due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten (10) days after written notice of such default shall have been given to Tenant by Landlord or, if cure would reasonably require more than ten (10) days to complete, if Tenant fails to commence performance within the ten (10) day period or fails diligently to pursue such cure to completion. (c) Tenant or any guarantor of this Lease shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 2 contracts

Sources: Lease Agreement (Sento Corp), Lease Agreement (Tenfold Corp /Ut)

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.215.2: (a) Tenant fails to pay any installment of Basic Annual Rental or Additional Rent or Estimated Costs or any other sum due hereunder within ten (10) days after Tenant receives written notice of rent due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten thirty (1030) days after written notice of such default shall have been given to Tenant by Landlord or, if cure would reasonably require more than ten thirty (1030) days to complete, if Tenant fails to commence performance within the ten thirty (1030) day period or fails diligently to pursue such cure to completion. (c) Tenant or any guarantor of this Lease shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 2 contracts

Sources: Lease Agreement (Iomega Corp), Lease Agreement (Iomega Corp)

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.2: (a) Tenant fails to pay any installment of Basic Annual Rent or Estimated Costs or any other sum due hereunder within ten (10) days after Tenant receives written notice of rent due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten thirty (1030) days after written notice of such default shall have been given to Tenant by Landlord or, if cure would reasonably require more than ten thirty (1030) days to complete, if Tenant fails to commence performance within the ten thirty (1030) day period or fails diligently to pursue such cure to completion. (c) Tenant shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 2 contracts

Sources: Lease Agreement (Myriad Genetics Inc), Lease Agreement (Myriad Genetics Inc)

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.2: (a) Tenant fails to pay any installment of Basic Annual Rent or Estimated Costs Additional Rent or any other sum due hereunder within ten (10) days after Tenant receives written notice of rent due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten (10) days after written notice of such default shall have been given to Tenant by Landlord or, if cure would reasonably require more than ten (10) days to complete, if Tenant fails to commence performance within the ten (10) day period or fails diligently to pursue such cure to completion. (c) Tenant of this Lease shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 1 contract

Sources: Lease Agreement (Simmons Media Group Inc)

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.2: (a) Tenant fails to pay any installment of Basic Annual Rent or Estimated Costs or any other sum due hereunder within ten five (105) days after Tenant receives written notice of rent such Rent is due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten (10) days after written notice of that such default performance is due shall have been given to Tenant by Landlord or; provided, if cure of any nonmonetary default would reasonably require more than ten (10) days to complete, if Tenant fails to commence performance within the ten (10) day period or or, after timely commencing, fails diligently to pursue such cure to completioncompletion but in no event to exceed sixty (60) days. (c) Tenant or any guarantor of this Lease shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangementa voluntary arrangement under applicable bankruptcy law; or suffers this Lease to be taken under a writ of execution.

Appears in 1 contract

Sources: Lease Agreement (Lifevantage Corp)

Default by Tenant. Upon the occurrence of any of the following events, Landlord LANDLORD shall have the remedies set forth in Section 16.2Subsection 18.2: (a) Tenant 18.1.1 TENANT fails to pay any installment of Basic Annual Monthly Rent or Estimated Costs Additional Rent or any other sum due hereunder within ten five (105) calendar days after Tenant receives written notice of rent when the same shall be due. (b) Tenant 18.1.2 TENANT fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten thirty (1030) days after written notice of such default shall have been given to Tenant TENANT by Landlord or, LANDLORD or if cure would reasonably require more than ten thirty (1030) days to complete, complete if Tenant TENANT fails to commence performance within the ten thirty (1030) day period or fails to diligently to pursue such cure to completion. (c) Tenant 18.1.3 TENANT or any guarantor of this Lease shall become bankrupt or insolvent or file any debtor proceedings or have taken against such party in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or of trustee; or Tenant TENANT petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 1 contract

Sources: Lease Agreement (Sportsnuts Com International Inc)

Default by Tenant. Upon the occurrence of any of the following events, Landlord shall have the remedies set forth in Section 16.2: (a) Tenant fails to pay any installment of Basic Annual Rent or Estimated Costs Additional Rent or any other sum due hereunder within ten (10) days after Tenant receives written notice of rent due. (b) Tenant fails to perform any other term, condition, or covenant to be performed by it pursuant to this Lease within ten (10) days after written notice of such default shall have been given to Tenant by Landlord or, if cure would reasonably require more than ten (10) days to complete, if Tenant fails to commence performance within the ten (10) day period or fails diligently to pursue such cure to completion. (c) Tenant or any guarantor of this Lease shall become bankrupt or insolvent or file any miy debtor proceedings or have taken against such party par1y in any court pursuant to state or federal statute, a petition in bankruptcy or insolvency, reorganization, or appointment of a receiver or trustee; or Tenant petitions for or enters into an arrangement; or suffers this Lease to be taken under a writ of execution.

Appears in 1 contract

Sources: Lease Agreement (Nutranomics, Inc.)