Default Clause Clause Samples

Default Clause. (1) In case default be made by Lessee at any time in the due payment of any installment of rent or in the due payment or any other sum payable by Lessee to Lessor under the provisions hereof, and such default shall continue for a period of thirty (30) days after written demand by Lessor, or (2) if default shall be made by Lessee in the due observance and performance of any other covenant, condition, or stipulation herein agreed by Lessee to be by it observed or performed, and such default shall continue for a period of thirty (30) days from date of written notice by Lessor to Lessee detailing the particulars of such default and requiring it to make good any such last mentioned default, then and in any such event described

Default Clause. If Tenant defaults for 3 days after written notice thereof in paying said rent; or if Tenant defaults for 30 days after written notice thereof in performing any other or his obligations hereunder; or if Tenant is adjudicated a bankrupt, or if a permanent receiver is appointed for Tenant's property, including Tenant's interest in Premises, and such receiver is not removed within 60 days after written notice from Landlord to Tenant to obtain such removal; or if, whether voluntarily or involuntarily, Tenant takes advantage of any debtor relief proceedings under any present or future law, whereby the rent or any part thereof is, or is proposed to be, reduced or payment thereof deferred; or if Tenant makes an assignment for benefit of creditors; or if Premises or Tenant's effects or interest therein should be levied upon or attached under process against Tenant, not satisfied or dissolved within 30 days after written notice from Landlord to Tenant to obtain satisfaction thereof, then, and in any of the said events, Landlord at his option may at once, or anytime thereafter (but only during continuance of such default or condition) terminate this Lease by written notice to Tenant; whereupon this Lease shall end. After an authorized assignment of subletting, the occurring of any of the foregoing defaults or events shall effect this Lease only if caused by or happening to the assignee or sublessee. Upon such termination by Landlord, Tenant will at once surrender possession of Premises to Landlord and remove all of Tenant's effects therefrom; and Landlord may forthwith re-enter the Premises and repossess himself thereof, and remove all persons and effects therefrom, using such forces as may be necessary without being guilty of trespass, forcible entry or detainer of other tort.

Default Clause. 6.1 In case of any loss caused to the other - party due to either party’s breach of contract, you shall be liable for compensation. 6.2 If part or all of the terms of the contract cannot be performed due to government actions or force majeure. The party suffering from such act shall not be liable for breach of contract. The foregoing government actions include but are not limited to those caused by national or local governments Party B cannot continue to provide services due to policy changes and other reasons.

Default Clause. 8.1 The parties agree that if any party ("Defaulting Party") was a material breach of this Agreement, or fails to perform them after being urged to do so, which shall be a breach of this Agreement. Either party that fails to perform its obligations under the Agreement or fails to perform them as contracted shall be bear the liability for the breach of contract by continuing to perform the obligations, taking remedial measures, compensating for losses. If a party has delayed the performance of the main obligations, and fails to perform them in a reasonable limit after being urged to do so. Then other parties have the right to require the defaulting party correct or remedial measures within ten days. Then (1) if Party C or Party B are the defaulting parties, Party A demanding remedy shall be entitled to claim compensation for losses and damages; (2) If Party A is the defaulting party, other parties are entitled to require the defaulting party compensate, but Party A has no right to terminate this agreement at any case. 8.2 The rights and remedies in this Agreement are cumulative and not exclusive of any rights and remedies provided by law. 8.3 If any provision of this section is held invalid, the remainder of this section shall not be affected thereby.

Default Clause. In the event of default by the Applicant, the outstanding principal amount of the loan and the accrued interest shall become immediately due, and payable. A statement or demand signed by an authorized officer of the Bank shall be conclusive evidence that the sum is due and owing from the Applicant.

Default Clause. If the rent above referred to or any part thereof shall be unpaid on the date of payment by the terms hereof, and remain so for a period of twenty (20) days after Landlord shall have given to Tenant notice in writing of such default, then and in such case it shall and may be lawful for Landlord, at Landlord's option, by summary proceedings or by any other appropriate legal action or proceedings to terminate the term off this lease and to enter into the demised premises or any part thereof and expel Tenant or any person or persons occupying the demised premises, and so to repossess and enjoy the demised premises as in Landlord's former estate. Should the term of this lease at any time be terminated under the terms and conditions hereof, or in any other way, Tenant hereby covenants and agrees to surrender and deliver up the demised premises peaceably to Landlord immediately upon the termination of the term hereof. Landlord agrees that in no event shall the nonpayment of rent be the basis of a forfeiture of this lease or otherwise result in the eviction of Tenant or the termination of the term of this lease unless said written notice shall have been served on Tenant as hereinbefore provided and Tenant shall have failed to cure such default within said 20-day period after the service of said notice. In the event of a termination of the term of this lease prior to the expiration date thereof pursuant to the provisions of this Paragraph A, Tenant shall not thereby be relieved from liability for damages sustained or to be sustained by Landlord by reason of the breach of this lease by Tenant and Tenant shall pay to Landlord all such damages incurred by Landlord by reason of such breach.

Default Clause. If the Tenant shall fail to pay the rent or any other charge required to be paid by Tenant, or if Tenant shall breach any of the terms of this lease, then as to every default or breach, the Landlord may give the Tenant a thirty (30) day notice of termination. At such time, Tenant will be required to surrender possession of premises to Landlord, as set forth in 37-6-5 and any other provisions of the West Virginia Code. The Tenant agrees that in no way will the Landlord be responsible for any damages incurred by entering said premises or removing or storing Tenant’s property. The Tenant shall be responsible for any legal costs suffered by the Landlord in the enforcement of any provision of this lease.

Default Clause. Following any of these events, Landlord may terminate this lease and enter and take possession of the premises from Tenant, all without waiving any rights, which it may have at law hereunder, without further notice or demand (all such notices and demands being hereby waived). In addition, at the option of Landlord, the balance of the rents for the remainder of this Lease as well as all other charges agreed to be paid by Tenant during such period, will become due and payable immediately by Tenant to Landlord, in addition to any and all rents and other charges already due and payable and in arrears. a. That Tenant shall fail to pay rent due hereunder within ten (10) days of due date. b. That Tenant shall fail to commence to cure any other violation of its covenants within fifteen (15) days after written notice thereof, or, having commenced to cure the same as aforesaid, should fail to carry the same to conclusion with due diligence. c. Upon the adjudication of Tenant as a bankrupt or the appointment of a receiver of its property.

Default Clause. In the event that Lessee commits an act of default as defined in this lease, the Lessor will promptly notify the Department of Financial Institutions and the Division of Bank Supervision of the Federal Deposit Insurance Corporation of such default and, further, the Lessor will allow either bank supervisory authority the right to rectify said default."