No Lease Default Clause Samples
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No Lease Default or Lease Event of Default has occurred and is continuing under any Operative Agreement.
No Lease Default. To Tenant’s actual knowledge, (i) there are no existing conditions, which upon the giving of notice or lapse of time, or both, would constitute a default by Landlord under the Lease, and (ii) Tenant has no claim against Landlord alleging Landlord’s default under this Lease.
No Lease Default if no Lease Default or Lease Event of Default ---------------- then exists, at the expense of such Obligee and upon reasonable prior notice to the Guarantor, to visit the principal executive office of the Guarantor, to discuss the affairs, finances and accounts of the Guarantor and its Subsidiaries with the Guarantor's officers, and (with the consent of the Guarantor, which consent will not be unreasonably withheld) its independent public accountants, and (with the consent of the Guarantor, which consent will not be unreasonably withheld) to visit the other offices and properties of the Guarantor and each Subsidiary, all at such reasonable times and as often as may be reasonably requested in writing; and
No Lease Default if no Lease Default or Lease Event of Default then exists, at the expense of such Person and upon reasonable prior notice to the Lessee Guarantor and the Lessee, to visit the Property and the principal executive office of the Lessee Guarantor and the Lessee, to discuss the affairs, finances and accounts of the Lessee Guarantor, the Lessee and their respective Subsidiaries with the Lessee Guarantor's and the Lessee's respective officers and (with the consent of the Lessee Guarantor or the Lessee, as the case may be, which consent will not be unreasonably withheld) its independent public accountants, and (with the consent of the Lessee Guarantor or the Lessee, as the case may be, which consent will not be unreasonably withheld) to visit the other offices and properties of the Lessee Guarantor, the Lessee and each of their respective Subsidiaries, all at such reasonable times and as often as may be reasonably requested in writing; and
No Lease Default. If contesting the validity or amount of any Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Trustor as lessor under any Lease, Trustor shall not have the right to contest the same as provided in Section l.02H, and Trustor shall pay such Imposition pursuant to Section 1.02A.
No Lease Default. If contesting the validity or amount of any Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Grantor as lessor under any Lease, Grantor shall not have the right to contest the same as provided in Section 1.02H, and Grantor shall pay such Imposition pursuant to Section 1.02A.
No Lease Default. No default has occurred or is continuing under the Lease.
No Lease Default. Notwithstanding anything to the contrary contained herein, if contesting the validity or amount of any Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Mortgagor as lessor under any Lease, Mortgagor shall not have the right to contest the same as provided in Section 1.02H, and Mortgagor shall pay such Imposition pursuant to Section 1.02A.
No Lease Default. With respect to each Transferred Container that is “on lease” as of the related Transfer Date: (i) with respect to payments of rent or under sums due under the Lease, Seller has not declared an Event of Default for failure of the related Lessee to make such payments and no rental or other payment owing pursuant to such Lease is more than sixty days delinquent as of such Transfer Date; and (ii) with respect to all other obligations of the Lessee under such Lease, to the best of Seller's knowledge, no Event of Default thereunder has occurred and is continuing under such Lease or any other Lease between the Seller and such Lessee;
No Lease Default or Lease Event of Default exists or would result from Lessee entering into this Agreement. Neither Lessee nor any Affiliate of Lessee is in default under or with respect to any Contractual Obligation in any respect which, individually or together with all such defaults, could reasonably be expected to have a Material Adverse Effect, or that would create a Lease Event of Default under Section 8.1(e) of the Lease.