Default Period Clause Samples
POPULAR SAMPLE Copied 1 times
Default Period. Subject to the cure provisions in paragraph 2(e)(iii) below, a "Default Period" will commence on any date the Trust fails to deposit irrevocably in trust with the Auction Agent, not later than 12:00 Noon, New York City time, (A) on any Dividend Payment Date, in funds available on such Dividend Payment Date in The City of New York, New York, the full amount of any dividend (whether or not earned or declared) to be paid on such Dividend Payment Date on the Preferred Shares (a "Dividend Default") or (B) on any redemption date set by the Trust with respect to any Preferred Shares, in funds available on such redemption date in The City of New York, New York, the full amount of any Redemption Price to be paid on such redemption date for any Preferred Shares with respect to which a Notice of Redemption has been mailed pursuant to paragraph 8(c) of Part I of this Section 11.1 (a "Redemption Default," and together with a Dividend Default, hereinafter referred to as a "Default"); provided, however, that the foregoing clause (B) shall not apply to the Trust's failure to pay the Redemption Price in respect of Preferred Shares when the related Notice of Redemption provides that redemption of such shares is subject to one or more conditions precedent and any such condition precedent shall not have been satisfied at the time or times and in the manner specified in such Notice of Redemption. Subject to the cure provisions of paragraph 2(e)(iii) below, a Default Period with respect to a Dividend Default or a Redemption Default shall end on the Business Day on which, by 12:00 noon, New York City time, all unpaid dividends and any unpaid Redemption Price, as applicable, shall have been deposited irrevocably in trust in same-day funds with the Auction Agent. The Applicable Rate for each Dividend Period commencing during a Default Period will be equal to the Default Rate, and each subsequent Dividend Period commencing during a Default Period shall be a Minimum Rate Period; provided, however, that the commencement of a Default Period will not by itself cause the commencement of a new Dividend Period. No Auction shall be held during a Default Period. The "Default Rate" shall be equal to the Reference Rate multiplied by three (3).
Default Period. In a case where the Lessee has neglected to submit rent payment for a number of days, the Lessor will be entitled to assess a penalty amount. Record the number of days after the missed due date the Lessor shall wait before adding an owed penalty amount to the original rent amount the Lessee owns.
Default Period. If the Tenant has violated this lease in a way that implies he or she will not honor its contents and/or continue residing in the premises without any notice given by him or her, then the Landlord will need to pursue any actions needed to collect any money owed. Before the Landlord can take such measures he or she will often be required by the local jurisdiction to give the Tenant notice of this status. The number of days the Landlord will wait for a Tenant response before continuing to the next stage should be documented. Occupants (18)
Default Period. Subject to cure provisions, a Default Period with respect to a particular series of Tortoise Notes will commence on any date the Company fails to deposit irrevocably in trust in same-day funds, with the Paying Agent by 12:00 noon, New York City time,
Default Period. The Mortgagee will have the same period after receipt of the Notice of Default to remedy the default, or cause the same to be remedied, as is given to Lessee under Section 3.5.
Default Period. All default and grace periods shall be deemed to run concurrently and not consecutively.
Default Period. If the Tenant has breached this Lease in such a way thatIf he or she fails to comply with its contents and/or continues to live in the premises without any notification from his/her side, the landlord will have to take any action necessary to recover the money due. Before a landlord can take such steps, the local jurisdiction often requires him or her to notify the tenant of this status. The number of days the landlord will wait for the tenant to respond before proceeding to the next step should be documented. Residents (18) residents on the site. Specify the maximum number of residents who are allowed to live with the tenant on the premises during the term of this lease without requiring additional approval from the landlord. Serviceability and subleases (19) Subarens variant. Indicate whether Tenant will be permitted to sublease the Property to a third party (Sublease Tenant) and act as Lessor of the Property in a separate agreement with this ▇▇▇▇▇▇, or not approved by Landlord. It should be noted that all sublease agreements that the tenant wishes to enter into must be submitted to the landlord for approval in this agreement. Utility Services and Services (20) Responsibilities of Landlord. This document should resolve the issue of utilities and services payable for the maintenance of property or premises. To quickly determine who should pay for these items, a standard list of what the landlord can receive and financially maintain during the lease term was provided. Simply mark each item that the lessor will be responsible for. (21)
Default Period. Bankruptcy, Insolvency, Assignment for Benefit of Creditors........9 ARTICLE XII....................................................................9
Default Period. (a) (i) If at any time dividends on any Cumulative Convertible Preferred Stock shall be in arrears in an amount equal to six (6) quarterly dividends thereon, the occurrence of such contingency shall m▇▇▇ the beginning of a period (herein called a default period) which shall extend until such time when all accrued and unpaid dividends for all previous quarterly dividend periods and for the current quarterly dividend period on all shares of Cumulative Convertible Preferred Stock then outstanding shall have been declared and paid or set apart for payment. During each default period, all holders of "Preferred Stock" (as defined in the Articles of Incorporation) (Preferred Stock) (including holders of the Cumulative Convertible Preferred Stock) with dividends in arrears in an amount equal to six (6) quarterly dividends thereon, voting as a class, irrespective of series, shall have the right to elect two (2) directors.
Default Period. If the lessee has violated this lease in a manner that implies that he will not comply with its contents and/or will live in the premises without prior notice. Is. he or she, then the landlord must take all the necessary measures to collect the money owed. Before the landlord can take such measures, he is often asked by the local jurisdiction to inform the tenant of this status. The number of days the landlord will wait for the tenant's response before moving on to the next stage should be documented. Inmates