Landlord Default definition

Landlord Default shall have the meaning given such term in Article 14.

Landlord Default shall have the meaning given such term in Section 14.2.

Landlord Default means and refer to the occurrence of a Landlord Default, as described in Section 16.1.1.

Examples of Landlord Default in a sentence

• Any default by Landlord under the terms of this Work Letter shall constitute a Landlord Default under the Lease and shall entitle Tenant to exercise all remedies set forth in the Lease.

• Upon the occurrence of an Event of Landlord Default, Tenant, at its option, without further notice or demand to Landlord, may, in addition to all other rights and remedies provided in this Lease, at law or in equity, elect to terminate this Lease and receive a refund of any prepaid rent, or remedy the default and deduct the cost of the same from all funds otherwise due from Tenant to Landlord under the Lease.

• This is consistent with democratic selection in more anonymous electoral contexts that have no role for the density of social ties.H1a: Under local democracy, local leaders with preferences to target pivotal voters, at the middle of the wealth distribution of the constituency, are selected.When one considers the social structure of the village, predictions are likely to deviate from the above Downsian hypothesis toward the poorest or richest voters in the con- stituency.

• Before exercising its right pursuant to this Section 12(F)(i) to perform Landlord’s obligations, Tenant shall give Landlord five (5) days notice of its intention, which notice shall distinctly state the Landlord Default upon which Tenant relies, and Tenant’s right to perform Landlord’s obligations shall cease if Landlord cures the events of default contained in the notice.

• Notwithstanding anything herein to the contrary, failure to so remedy such condition within thirty (30) days after written notice from Tenant shall constitute a Landlord Default in accordance with Paragraph 16.4 and shall entitle Tenant to all remedies provided therein.

More Definitions of Landlord Default

Landlord Default shall have the meaning given such term in ARTICLE 14.

Landlord Default shall have the meaning assigned to such term in Section 7.1(f).

Landlord Default shall have the meaning ascribed to such term in Section 9.09 hereof.

Landlord Default has the meaning set forth in Paragraph 16.4.

Landlord Default by a second notice to Landlord. Thereafter, Tenant may forthwith cure the same and, subject to the provisions of the following paragraph, invoice Landlord for costs and expenses (including reasonable attorneys, fees and court costs) incurred by Tenant in curing the same, together with interest from the date Landlord receives Tenant's invoice, at a rate equal to the Base Rate. In addition, upon the occurrence and during the continuance of any Landlord Default, Tenant shall have the right to purchase the Leased Property from the Landlord on the terms and conditions of that certain Purchase Option Agreement of even date, between Landlord and Tenant, notwithstanding the provisions of Section 2 thereof and notwithstanding the limitations regarding timing and order of exercise of the right to purchase therein set forth. Tenant shall have no right to terminate this Lease for any default by Landlord hereunder and no right, for any such default, to offset or counterclaim against any rent or other charges due hereunder. If Landlord shall in good faith dispute the occurrence of any Landlord Default and Landlord, before the expiration of the applicable cure period, shall give written notice thereof to Tenant, setting forth, in reasonable detail, the basis therefor, no Landlord Default shall be deemed to have occurred and Landlord shall have no obligation with respect thereto until final adverse determination thereof. If Tenant and Landlord shall fail, in good faith, to resolve the dispute within five (5) days after Landlord's notice of dispute, either may submit the matter to arbitration for resolution in accordance with the commercial arbitration rules of the American Arbitration Association. Such arbitration shall be final and binding on Landlord and Tenant and judgment thereon may be entered into any court of competent jurisdiction. within five (5) days after submission to arbitration, Landlord and Tenant shall submit all information required for such arbitration and shall take all other actions required for such arbitration to proceed and the arbitrators shall be instructed to render a determination as soon as possible and in any event not later than thirty (30) days after submission.

Landlord Default by a second Notice to Landlord. Thereafter, Tenant may forthwith cure the same. Tenant shall have no right to terminate this Agreement for any Landlord Default and no right, for any such Landlord Default, to offset or counterclaim against any Rent or other charges due hereunder. If Landlord shall in good faith dispute the occurrence of a Landlord Default and Landlord, before the expiration of the applicable cure period, shall give Notice thereof to Tenant, setting forth, in reasonable detail, the basis therefor, no Landlord Default shall be deemed to have occurred and Landlord shall have no obligation with respect thereto until final adverse determination thereof, whether through arbitration or otherwise; provided, however, that in the event of any such adverse determination, Landlord shall pay to Tenant interest on any disputed funds at the Interest Rate, from the date demand of such funds was made by Tenant until the date of final adverse determination and, thereafter, at the Interest Rate until paid. If Tenant and Landlord shall fail, in good faith, to resolve any such dispute within thirty (30) days after Landlord’s Notice of dispute, either may submit the matter for determination by arbitration, but only if such matter is required to be submitted to arbitration pursuant to any provision of this Agreement, or otherwise by a court of competent jurisdiction.

Landlord Default. (a) Landlord fails to make any payment due hereunder when due and such failure continues for a period of ten (10) days following Notice from Tenant that such payment is due and owing and unpaid.