Common use of DEFAULT AND CANCELLATION Clause in Contracts

DEFAULT AND CANCELLATION. If default is made in the payment of any installment of Rent on the due date thereof, or if Lessee shall default in the performance of any other term or condition of this Lease Agreement (other than payment of rent) and such default (other than payment of rent) exists for sixty (60) days after written notice thereof, or if the premises be vacated or abandoned in violation of the terms of this Lease Agreement, then in any such event, in addition to and not in limitation of any other remedy permitted by law, this Lease Agreement shall terminate, at the option of Lessor.

Appears in 4 contracts

Samples: Facility Lease Agreement, Facility Lease Agreement, Facility Lease Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!