Events of Default Conditional Limitations Remedies Sample Clauses

Events of Default Conditional Limitations Remedies. 27.1. The occurrence of each of these following events is an “Event of Default” under this Lease: 27.1.1. if Tenant fails to pay any installment of any Fixed Rent, Impositions, or any part of those amounts when those payments are due and payable, and that failure continues for five days; 27.1.2. if Tenant fails to make any payment of any other Rental required to be paid by Tenant under this Lease when those payments are due and payable and that failure continues for five days after notice from Landlord to Tenant to cure the Default; 27.1.3. if ▇▇▇▇▇▇ fails to deliver to Landlord a certificate or other evidence reasonably satisfactory to Landlord of the existence of any new or renewal insurance policy required under this Lease on or prior to the date delivery is required under this Lease; 27.1.4. if Tenant fails to observe or perform one or more of the other terms, conditions, covenants or agreements of this Lease and that failure continues for a period of 20 days after written notice of the failure by Landlord to Tenant specifying the failure, unless the 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 20 days, in which case no Event of Default occurs as long as Tenant has commenced curing the failure within the 20 day period and prosecutes the same to completion with reasonable diligence; 27.1.5. if ▇▇▇▇▇▇ admits, in writing, that it is unable to pay its debts as those debts become due; 27.1.6. if ▇▇▇▇▇▇ makes an assignment for the benefit of creditors; 27.1.7. if Tenant files a voluntary petition under Title 11 of the United States Code or if a petition under that title is filed against Tenant, and an order for relief is entered, or if Tenant files any petition or answer seeking, consenting to or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under present or any future federal bankruptcy code or any other present or future applicable federal, state or other statute or law, or seeks or consents to or acquiesces in or suffers the appointment of any trustee, receiver, custodian, assignee, sequestrator, liquidator or other similar official of Tenant or of all or any substantial part of its properties or of the Premises or any interest of Tenant in the Premises, or if Tenant takes any action in furtherance of any action described in Section 27.1.6, 27.1.7 or...
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Events of Default Conditional Limitations Remedies. Each of the following events shall be an "Event of Default" or "Default" hereunder: (a) Tenant shall fail to pay any installment of Rent or any part thereof within ten (10) business days after receipt of written notice from Landlord that Tenant has failed to pay such installment once the same has become due and payable and remains unpaid following such ten (10) business day period; (b) Subject to Force ▇▇▇▇▇▇, Tenant's determination that operation of the Premises is not economically feasible, or except during Tenant's construction, alteration or repair of the Premises, Tenant shall fail, for a period of sixty (60) consecutive business days following receipt of notice from Landlord, to use the Premises as a facility for Class III Gaming (as such term is defined in 25 U.S.C. §2703(8)) for gaming and commercial activities traditionally associated with the operation or conduct of a casino facility; (c) Tenant is generally not paying its debts as such debts become due or shall admit, in writing, that it is unable to pay its debts as such debts become due; (d) Except as contemplated pursuant to Section 7.02 of the Lease, Tenant shall make an assignment for the benefit of creditors; (e) Tenant shall file a voluntary petition under Title 11 of the United States Code or if such petition is filed against Tenant and an order for relief is entered, or if Tenant shall file any petition or answer seeking, consenting to or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under present or any future federal bankruptcy code or any other present or future applicable federal, state or other statute or law, or shall seek or consent to or acquiesce in or suffer the appointment of any trustee, receiver, custodian, assignee, sequestrator, liquidator or other similar official of Tenant or of all or any substantial part of its properties or of the Premises or any interest of Tenant therein; (f) if within one hundred twenty (120) days after the commencement of any proceeding against Tenant seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the present or any future federal bankruptcy code or any other present or future applicable federal, state or other statute or law, such proceeding shall not have been dismissed, or if, within one hundred days (120) days after the appointment, without the consent or acquiescence of Tenant, of any trustee, receiver...
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Events of Default Conditional Limitations Remedies 
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Related to Events of Default Conditional Limitations Remedies

  • Events of Default and Remedies 7.01 The following acts and/or omissions shall constitute a default and material breach of this Agreement by the Contractor and shall be deemed an Event of Default if not cured within five (5) business days after written notice of default has been sent by the Authority to the Contractor, provided however, that if the default is such that more than five (5) days are required for a cure, then Contractor shall not be in default if it commences to cure the default within the five (5) day period and thereafter diligently prosecutes the same to completion: (a) Failure to comply with any of the material terms and conditions of this Agreement following written notice from the Authority and failure to cure; and/or (b) Failure to begin the Services in accordance with the terms of this Agreement; and/or (c) If the Contractor, in the judgment of the Authority, is unnecessarily or unreasonably or willfully delaying the performance and completion of the Services; and/or (d) The Contractor abandons the Services to be undertaken; and/or (e) The Authority reasonably believes that the Services cannot be completed within the time required, where in the Authority’s judgment, the delay is attributable to conditions within the Contractor’s control; and/or (f) The Contractor, without just cause, reduces its personnel to a number which in the judgment of the Authority, is insufficient to complete the Services within a reasonable time and fails to sufficiently increase such personnel when directed to do so by the Authority; and/or (g) The Contractor assigns, transfers, conveys or otherwise disposes of this Agreement, in whole, or in part, without prior approval of the Authority; and/or (h) Any Authority officer or employee acquires an interest in this Agreement so as to create a conflict of interest; and/or (i) The Contractor violates any law, charter provision, ordinance, rule, regulation, governmental order or directive; and/or (j) Failure to provide adequate inventory, vehicles, equipment and/or personnel; and/or (k) The filing of a voluntary or involuntary petition in bankruptcy or for reorganization or an arrangement, or an assignment for the benefit of creditors, or the adjudication of the Contractor as being bankrupt or insolvent, or the appointment of a receiver of, or for the Contractor if such appointment, adjudication, or similar order or ruling remains in force or unstayed for a period of thirty (30) days, or admit in writing its inability to pay its debts generally as they become due; and/or (l) The Contractor’s level of performance of the Services, in the reasonable judgment of the Authority falls below the standard of care set forth in Article II hereof and/or (m) The Contractor ceases to conduct business in the normal course, and/or (n) The Contractor fails to comply with any material terms, conditions and/or obligations of Contractor set forth herein. (o) The Contractor fails to pay any labor, tax obligations, fringe benefit funds, insurance premiums, or subcontractor invoices for Services which the Contractor has received payment from the Authority. 7.02 In the Event of Default by the Contractor, the Authority shall be entitled to exercise any and all remedies available at law and/or in equity, including, but not limited to the right to seek and sue for damages, any costs incurred to enforce, or attempt to enforce this Agreement, including reasonable attorneys fees, which enforcement shall not be limited, and may include appeals of any decisions in lower courts, as well as collection efforts thereafter, compensable damages and consequential damages, withhold and retain payment to the Contractor for the purpose of setoff until such time as the exact amount of damages due to the Authority from the Contractor is determined, seek injunctive relief and/or specific performance and such other equitable remedies that are available, as well as effectuate a termination of this Agreement, which may or could give rise to additional damages. It is expressly understood that the Contractor will remain liable for any damages the Authority sustains in excess of any set-off.