Repeated Defaults Sample Clauses
The Repeated Defaults clause defines the consequences and procedures when a party commits the same default multiple times under an agreement. Typically, this clause stipulates that if a party breaches a particular obligation more than once, the non-breaching party may have enhanced rights, such as the ability to terminate the contract or accelerate remedies, even if the default was previously cured. This mechanism is designed to discourage recurring breaches and provides a clear framework for addressing persistent non-compliance, thereby protecting the interests of the non-defaulting party and promoting consistent contract performance.
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Repeated Defaults. Tenant’s failure to perform or observe any of Tenant’s obligations under the Lease after Tenant has neglected or failed to perform or observe any of Tenant’s obligations under the Lease at least twice previously (although Tenant shall have cured any such previous failure after notice from Landlord, and within the notice period).
Repeated Defaults. Tenant expressly recognizes that Tenant’s due and punctual performance of all its obligations under this Lease throughout the term hereof is of paramount importance to Landlord, and, without limiting any of the provisions of this Lease, Tenant agrees that, if Tenant (i) shall fail to pay for five (5) days after it becomes due an installment of Minimum Rent or any Additional Rent and Landlord gives Tenant notice of such failure for two (2) consecutive months or for a total of three (3) months during any twenty four (24) month period during the Term, or (ii) shall default in the timely performance of any other obligation of Tenant under this Lease with respect to which Landlord shall have given Tenant notice of default, and such default shall occur more than two (2) times in any period of twelve (12) months, then notwithstanding that such failure or other default shall have been cured within the applicable grace period provided in this Lease, any further similar default shall be deemed to be deliberate and Landlord thereafter may, without further notice of default, serve a three (3) day notice of cancellation of this Lease as and with the effects provided in Subsection A of this Article.
Repeated Defaults. If Lessee is in default of this Lease for the same or substantially the same reason more than twice during any twelve (12) month period during the term of this Lease, then, at Lessor's election, Lessee shall not have any right to cure such repeated default during the twelve (12) month period following the second such default, the terms and conditions of the section of this Lease entitled, "DEFAULT OF LESSEE," notwithstanding. In the event of Lessor's election not to allow a cure of a repeated default, Lessor shall have all of the rights provided for in that section of this Lease for an uncured default.
Repeated Defaults. Notwithstanding anything to the contrary set forth in Section 15.1.2 above, in the event Tenant fails to perform any non-monetary obligations under this Lease on more than two (2) occasions in any calendar year, then any further nonmonetary failure in such calendar year shall constitute an event of default without any notice or opportunity to cure.
Repeated Defaults. 29 30. WAIVER ................................................................ 30 31. SUBORDINATION ......................................................... 30 32. CONDEMNATION .......................................................... 31 33.
Repeated Defaults. If Area Operator shall default in three (3) or more material obligations within the preceding twelve (12) months for which written notice has been provided, if required, or for which no notice was given if none required, such repeated course of conduct, which need not be the same or identical breaches, shall itself be grounds for termination of this Agreement without further notice or opportunity to cure;
Repeated Defaults. Three Defaults by you during the Term, even if remedied, will constitute a "Repeated Default." In the event of a Repeated Default, we reserve the right, in addition to any other remedy then available to us to use all or any portion of sums due you under Paragraph A8(b) of Exhibit B to this Lease to pay any amount due us, or to reimburse us for any loss, cost or expense which we may incur as a consequence of your Repeated Default.
Repeated Defaults. No notice of default need be given under Section 11.1, and no default in the payment of Annual Fixed Rent or Additional Rent shall be curable if on two prior occasions in any one lease year Tenant has failed to make such payment or received a notice of default from Landlord and, in such event, Landlord shall have the right to terminate this Lease as in Section 11.1 provided and the right to damages as in Section 11.3 provided.
Repeated Defaults. If Franchisee shall default in any obligation as to which Franchisee has previously received 2 or more written notices of default from Franchisor setting forth the default complained of within the preceding 12 months, such repeated course of conduct shall itself be grounds for termination of this Agreement without further notice or opportunity to cure;
Repeated Defaults. Your rights and our obligations under this Agreement will terminate immediately upon notice to you and without opportunity to cure, if you or any affiliate fails on two (2) or more separate occasions within any period of twelve (12) consecutive months, or on three (3) or more separate occasions within any period of twenty-four (24) consecutive months, to comply with any provisions (whether the same or different) of this Agreement (and/or any other agreement with us and/or any of our affiliates) and/or the Manuals, whether or not such failures to comply are timely corrected. YOUR INITIALS: __________ / __________