Covenant Defaults. Lessee defaults in the performance or observance of any of its other material obligations under this Facility Lease (other than provided for in Section 16.1 and Section 16.2) or any other Lease Document to which it is a party and such default continues unremedied for a period of ninety (90) days after written notice thereof by Lessor; provided, however, that such ninety (90) day period shall be extended for an additional ninety (90) days so long as such default is remediable and Lessee is diligently pursuing such remedy.
Appears in 4 contracts
Samples: Facility Lease Agreement (Wisconsin Energy Corp), Facility Lease Agreement (Wisconsin Energy Corp), Facility Lease Agreement (Wisconsin Electric Power Co)
Covenant Defaults. Lessee defaults in the performance or observance of any of its other material obligations under this Facility Lease (other than provided for in Section 16.1 14.1 and Section 16.214.2) or any other Lease Document to which it is a party and such default continues unremedied for a period of ninety (90) 90 days after written notice thereof by Lessor; provided, however, that such ninety (90) -day period shall be extended for an additional ninety (90) 90 days so long as such default is remediable and Lessee is diligently pursuing such remedy.
Appears in 3 contracts
Samples: Facility Lease Agreement (Madison Gas & Electric Co), Facility Lease Agreement (Mge Energy Inc), Facility Lease Agreement (Madison Gas & Electric Co)
