Default Defined, Notice Clause Samples

Default Defined, Notice. Landlord shall in no event be charged with default in the performance of any of its obligations hereunder unless and until Landlord shall have failed to perform such obligations within thirty (30) days (or such additional time as is reasonably required to correct any such default provided Landlord has commenced such cure within said thirty (30) day period and prosecutes such cure to completion with due diligence, but in no event, however, shall such time period for cure exceed 120 days in total), after written notice is received by Landlord from Tenant specifically describing such failure. Tenant agrees to use all commercially reasonable efforts to mitigate its damages in the event of a default by Landlord. In the event of a default by Landlord under this Lease and the expiration of all applicable cure periods with respect thereto, as set forth in the preceding portions of this Section 19.1, Tenant shall be entitled to pursue any legal or equitable rights or remedies which Tenant may have under this Lease or otherwise at law or in equity by virtue of such default by Landlord; provided, that Tenant shall in any such event additionally have the option (at Tenant's sole discretion) of remedying such default by Landlord and, in connection therewith, incurring reasonable expenses for the account of Landlord, and any and all such sums expended or obligations incurred by Tenant in connection therewith shall be paid by Landlord to Tenant upon demand. In the event Tenant has exercised its right of self-help under those circumstances contemplated at Section 9.1 of this Lease, Landlord has not reimbursed the Tenant for the costs incurred by Tenant in connection with the exercise of said self-help, Tenant may, thereafter, offset the reasonable expenses incurred by it subsequent to the time as Landlord's default has been adjudicated by a court of competent jurisdiction and all appeal rights thereunder have expired.

Default Defined, Notice. 43 Section 22.2. Notice to Mortgagees and Ground Lessor................................43 ARTICLE XXIII -- TENANT'S PROPERTY..........................................................44 Section 23.1. Taxes on Leasehold....................................................44