Events of Tenant Default Clause Samples
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Events of Tenant Default. Each of the following shall constitute an Event of Default: (i) Tenant fails to observe or perform any other term, condition or covenant herein binding upon or obligating Tenant within 10 days after receipt of written notice from Landlord; provided, however, that if Landlord reasonably determines that such failure cannot be cured within said 10-day period, then Landlord may in its reasonable discretion extend the period to cure the default for up to an additional 20 days provided Tenant has commenced to cure the default within the 10-day period and diligently pursues such cure to completion (notwithstanding the foregoing, if Landlord provides Tenant with notice of Tenant’s failure to observe or perform any term, condition or covenant under this Subsection (i) on 2 or more occasions during any 12 month period, then Tenant’s subsequent violation shall, at Landlord’s option, be deemed an Event of Default immediately upon the occurrence of such failure, regardless of whether Landlord provides Tenant notice, or Tenant has commenced the cure of the same); (ii) Tenant fails to substantially complete construction of the Project by the deadline established in this Lease; (iii) Tenant abandons or discontinues operating a soccer training facility on the Premises; (iv) Tenant fails to immediately remedy or discontinue any hazardous conditions which Tenant has created or permitted in violation of law or of this Lease; (v) Tenant is declared or adjudicated bankrupt; and
Events of Tenant Default. It is hereby mutually agreed that: (a) if Tenant shall fail (i) to pay Rent or other sums which Tenant is obligated to pay by any provision of this Lease, when and as it is due and payable hereunder and without demand therefore, or (ii) to keep and perform each and every covenant, condition and agreement herein contained on the part of Tenant to be kept and performed; or (b) if Tenant shall abandon or evidence any intention to abandon all or any portion of the Leased Premises; or (c) if the estate hereby created shall be taken by execution or other process of law; or (d) if Tenant shall (i) generally fail to pay Tenant's debts as such debts become due, (ii) become insolvent, (iii) make an assignment for the benefit of creditors, (iv) file, be the entity subject to, or acquiesce in a petition in any court (whether or not filed by or against Tenant pursuant to any statute of the United States or any state and whether or not for a trustee, custodian, receiver, agent, or other officer for Tenant or for all or any portion of Tenant's property) in any proceeding whether bankruptcy, reorganization, composition, extension, arrangement, insolvency proceedings, or otherwise, which is not dismissed within 180 days of filing; then, and in each and every case, from thenceforth and at all times thereafter, at the sole option of Landlord, Landlord may exercise any or all of the below remedies:
i. Terminate this Lease, in which event Tenant shall immediately surrender the Leased Premises to Landlord. If Tenant fails to do so, Landlord may without notice and without prejudice to any other remedy Landlord may have, enter upon and take possession of the Leased Premises and expel or remove Tenant and its effects without being liable to prosecution or any claim for damages therefore; and Tenant shall indemnify Landlord for all loss and damage which Landlord may suffer by reason of such termination whether through the inability to relet the Leased Premises or otherwise including any loss of Rent for the remainder of the Lease Term;
ii. Terminate this Lease, in which event Tenant's default should be considered a total breach of Tenant's obligation under this Lease and Tenant immediately shall become liable for such damages for such breach, in an amount equal to the total of (1) costs of recovering the Leased Premises; (2) the unpaid Rent earned as of the date of termination, plus interest thereon from the due date at a rate equal to eighteen percent (18%) per annum, provided, ho...
Events of Tenant Default. Each of the following events shall be deemed to be a default under this Lease, and is referred to in this Lease as an "Event of Default":
(1) A default by Tenant in the due and punctual payment of any Basic Rent or Additional Charges which continues for more than five (5) days after Tenant has received written notice of the failure to pay such Basic Rent or Additional Charges when due and payable; or
(2) The neglect or failure of Tenant to perform or observe any of the terms, covenants or conditions contained in this Lease on Tenant's part to be performed or observed (other than those referred to above in subsection (1)) which is not remedied by Tenant within twenty (20) days after Landlord shall have given to Tenant written notice specifying such neglect or failure; provided that if the failure to perform cannot be reasonably cured within twenty (20) days, a reasonable additional time shall be granted so long as Tenant has diligently commenced and is diligently proceeding with the cure within the twenty (20)-day period; or
(3) The assignment, transfer, mortgaging or encumbering of this Lease or the subletting of the Leased Premises in a manner not permitted by Section 17 hereof; or
(4) The taking of this Lease or the Leased Premises, or any part thereof, upon execution or by other process of law directed against Tenant, or upon or subject to any attachment at the insistence of any creditor of or claimant against Tenant, which execution or attachment shall not be discharged or disposed of within thirty (30) days after the levy thereof; or
(5) The abandonment of the Leased Premises by Tenant without payment of Basic Rent and Additional Charges, and performance of all other obligations of Tenant.
Events of Tenant Default. The following shall be considered events of default under this Agreement (each, a “Tenant Default”:
a. Except as provided in Sections 9.1 (b), (c), (d) and (e), Tenant fails to perform any of the covenants or conditions herein contained on the part of Tenant, and such failure continues for thirty (30) days after written notice thereof is given to Tenant (except that such thirty (30)-day period shall be automatically extended for an additional period of time reasonably necessary to cure such failure if such failure cannot be cured within such thirty (30)-day period, and provided Tenant commences the process of curing such failure within said thirty (30)-day period and continuously and diligently pursues such cure to completion);
b. a receiver is appointed to take possession of all, or substantially all, of Tenant’s assets, or Tenant makes an assignment for the benefit of creditors, or takes any action or suffers any action under any insolvency, bankruptcy, or reorganization act, or is otherwise insolvent;
Events of Tenant Default. The occurrence of any of the following events shall constitute an Event of Tenant Default under this Lease:
(a) Tenant fails to pay any charge or sum required to be paid by Tenant hereunder within fifteen (15) days after receipt of written notice thereof by ▇▇▇▇▇▇ from Landlord; or
(b) Tenant fails to perform or commence in good faith and proceed with reasonable diligence to perform any of its covenants under this Lease within thirty (30) days after receipt of written notice thereof by ▇▇▇▇▇▇ from Landlord; or
(c) Tenant fails to keep its corporate or company status in good standing with its state of incorporation or the state in which the Premises is located and is not properly reinstated within thirty (30) days after notice thereof from Landlord; or
(d) ▇▇▇▇▇▇ abandons the Premises or ceases to do business therein without Landlord’s prior written permission for a period longer than thirty (30) consecutive business days.
Events of Tenant Default. Each of the following events shall constitute an "Event of Default" on the part of Tenant following written notice from Landlord:
Events of Tenant Default. All of the following shall be considered events of Tenant’s Default:
a. Tenant fails to pay the Base Rent, or any charge due hereunder within ten
Events of Tenant Default. Each of the following shall be deemed to be a "Tenant Default":
(i) failure by Tenant to pay any amount of Rent when due, and, in the case of the first two such failures in any 12 month period, the continuance of such failure for five days after written notice from Landlord;
(ii) failure by Tenant to observe or perform any other term or condition of this Lease to be observed or performed by Tenant, and the continuance of such failure for 30 days after written notice from Landlord; provided that it shall not be a "Tenant Default" if such failure cannot be cured by Tenant within 30 days, despite reasonably diligent effort, so long as Tenant diligently commences to cure such failure within 15 days, and continues to pursue such cure to completion.
(iii) the sale of Tenant's leasehold interest hereunder pursuant to execution;
(iv) the adjudication of Tenant as a bankrupt or insolvent;
(v) the making by Tenant of a general assignment for the benefit of creditors;
(vi) the appointment of a receiver for Tenant's property, if such appointment is not vacated or satisfied within 60 days from the date of such appointment;
(vii) the appointment of a trustee or receiver for Tenant's property in a reorganization, arrangement, bankruptcy or other insolvency proceeding, if such appointment is not vacated or set aside within 60 days from the date of such appointment;
(viii) the filing by Tenant of a voluntary petition in bankruptcy or for reorganization or arrangement, or the filing of an involuntary petition in bankruptcy or for reorganization or arrangement against Tenant if such involuntary petition is not vacated within 60 days after the filing thereof;
(ix) the filing by Tenant of an answer admitting bankruptcy or insolvency or agreeing to reorganization or arrangement; or
Events of Tenant Default. The occurrence of any one or more of the following events shall constitute a default and material breach hereunder by Tenant:
Events of Tenant Default. Each of the following shall be deemed to be a "Tenant Default":
(i) failure by Tenant to pay any amount of Rent when due, and, in the case of the first two such failures in any 12 month period, the continuance of such failure for five days after written notice from Landlord;
(ii) failure by Tenant to observe or perform any other term or condition of this Lease to be observed or performed by Tenant, and the continuance of such failure for 30 days after written notice from Landlord; provided that it shall not be a "Tenant Default" if such failure cannot be cured by Tenant within 30 days, despite reasonably diligent effort, so long as Tenant diligently commences to cure such failure within 15 days, and continues to pursue such cure to completion.
(iii) the sale of Tenant's leasehold interest hereunder pursuant to execution;
(iv) the adjudication of Tenant as a bankrupt or insolvent;
(v) the making by Tenant of a general assignment for the benefit of creditors;
(vi) the appointment of a receiver for Tenant's property, if such appointment is not vacated or satisfied within 60 days from the date of such appointment;
(vii) the appointment of a trustee or receiver for Tenant's property in a reorganization, arrangement, bankruptcy or other insolvency proceeding, if such appointment is not vacated or set aside within 60 days from the date of such appointment;
(viii) the filing by Tenant of a voluntary petition in bankruptcy or for reorganization or arrangement, or the filing of an involuntary petition in bankruptcy or for reorganization or arrangement against Tenant if such involuntary petition is not vacated within 60 days after the filing thereof;
(ix) the filing by Tenant of an answer admitting bankruptcy or insolvency or agreeing to reorganization or arrangement; or