No Cross Default Sample Clauses
The No Cross Default clause prevents a default under one agreement from automatically triggering a default under another, unrelated agreement between the same parties. In practice, this means that if a party fails to meet its obligations in a separate contract, such failure does not constitute a default under the current contract unless specifically stated. This clause is important because it isolates contractual obligations, ensuring that issues in one agreement do not cascade into defaults across multiple agreements, thereby reducing the risk of widespread contractual consequences from a single breach.
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No Cross Default. No default by ▇▇▇▇▇▇ under this Employment Agreement shall automatically constitute a default under any other agreement with the Company.
No Cross Default. The Comprehensive Agreement contemplates that the “Project” (as defined in the Comprehensive Agreement) will be comprised of the “Hotel Component,” the “Boat Storage Component,” the “Public Marina Component” and the “Marina Restaurant Competent” (collectively the “Components” and individually a “Component”)). The Developer has created a separate entity to be the tenant under this Lease and separate entities to be the tenants under separate ground leases with Landlord with respect to the Boat Storage Component (the “Boat Storage Lease”), the Public Marina Component (“Marina Lease”), and the Marina Restaurant Component (the “Restaurant Lease”). The Boat Storage Lease, the Marina Lease and the Restaurant Lease are collectively referred to herein as the “Other Leases” and individually as an “Other Lease”). Landlord and Tenant hereby agree that the rights and obligation under the Comprehensive Agreement shall be bifurcated so that (i) any rights and obligations with respect to the Hotel Component under the Comprehensive Agreement shall only benefit and be required to be performed by the Tenant under this Lease, any obligation under this Lease shall only apply to the Hotel Component under the Comprehensive Agreement, and any breach of the obligations under this Lease or the rights and obligations under the Comprehensive Agreement with respect to the Hotel Component shall not affect or constitute a default under the Other Leases; (ii) any rights and obligations with respect to any Component (other than the Hotel Component) under the Comprehensive Agreement shall only benefit and be required to be performed by the tenant under the applicable Other Lease, any obligation under the applicable Other Lease shall only apply to the applicable Component of such Other Lease under the Comprehensive Agreement, and any breach of the obligations under such Other Lease or the rights and obligations under the Comprehensive Agreement with respect to the Component applicable to such Other Lease shall not affect or constitute a default under this Lease; and (iii) to the extent of any inconsistency between the terms of this Lease and the terms of the Comprehensive Agreement, the terms of this Lease shall prevail and control.
No Cross Default. No default under any Separate Lease shall be a default under this Master Lease and no default or Event of Default under this Master Lease shall be a default under any Separate Lease. In all cases, so long as any Facility Mortgage shall apply to any Removal Facility or Separate Lease, such Removal Facility and/or Separate Lease shall continue to be subject either to any existing subordination, nondisturbance and attornment agreement with respect to the Master Lease, or subject to a new subordination, nondisturbance and attornment agreement to be delivered by Facility Mortgagee, the landlord under the Separate Lease and Tenant on substantially the same terms and conditions as the existing subordination, nondisturbance and attornment agreement (having regard to the terms and conditions of the Separate Lease).
No Cross Default. No Default under the Senior Obligations shall result in a default under the Junior Obligations, except for a Payment Default on the Maturity Date. Cross acceleration is permitted.
No Cross Default. CRA/LA hereby acknowledges that: In the event the Subarea A Assignee defaults on any of the obligations assigned under the Subarea A Assignment, then CRA/LA shall have no rights or remedies against Assignee or the Property and, to the extent that such a default would entitle CRA/LA to terminate the OPA, then CRA/LA shall have no right to terminate the OPA to the extent it relates to Subarea B-2 or the Subarea B-2 Improvements, including without limitation, any of the Assigned Interests. In the event the Subarea B-1 Assignee defaults on any of the obligations assigned under the Subarea B-1 Assignment, then CRA/LA shall have no rights or remedies against Assignee or the Property and, to the extent that such a default would entitle CRA/LA to terminate the OPA, then CRA/LA shall have no right to terminate the OPA to the extent it relates to Subarea B-2 or the Subarea B-2 Improvements, including without limitation, any of the Assigned Interests. In the event the Subarea C Assignee defaults on any of the obligations assigned under the Subarea C Assignment, then CRA/LA shall have no rights or remedies against Assignee or the Property and, to the extent that such a default would entitle CRA/LA to terminate the OPA, then CRA/LA shall have no right to terminate the OPA to the extent it relates to Subarea B-2 or the Subarea B-2 Improvements, including without limitation, any of the Assigned Interests. In the event Developer defaults on any obligations relating to Subarea D, then CRA/LA shall have no right to terminate the OPA to the extent it relates to Subarea B-2 or the Subarea B-2 Improvements, including without limitation, any of the Assigned Interests.
No Cross Default. No event of default by Grantee, as System Owner, or Grantor, as Host Customer, pursuant to the Solar PPA shall constitute a default under this Agreement. Any amendment, modification, expiration, or termination of the Solar PPA shall be of no force or effect as to this Agreement, and this Agreement shall remain valid, and in full force and effect unless and until expressly terminated by the Parties. Notwithstanding the foregoing or anything in this Agreement to the contrary, each of Grantor and Grantee has the right to terminate this Agreement if the Solar PPA terminates as a result of a default by either Party thereunder.
No Cross Default. During the term of the 504 Loan, Third Party Lender will not exercise any cross-default, "deem at-risk," or any other provisions in documents evidencing the Third Party Loan or Third Party Lender Lien which allow Third Party Lender to make demand on the Third Party Loan prior to maturity unless the Third Party Loan is in material default.
No Cross Default. Notwithstanding anything to the contrary in this Amendment, the 1960 Lease or the 1966 Lease, a default by APS under the 1960 Lease, as amended by this Amendment, shall not constitute a default by Lessees under the 1966 Lease, and a default by Lessees under the 1966 Lease, as amended by this Amendment, shall not constitute a default by APS under the 1960 Lease.
No Cross Default. The Buyer may not terminate any subsequent Orders where a prior Order is subject to repair or replacement within 30 calendar days, or where Seller is delayed by less than 60 calendar days.
No Cross Default. The parties affirm that a default by either party in this Agreement shall not constitute a default under the Related LPAs.