Common use of Default in Other Covenants Clause in Contracts

Default in Other Covenants. Failure of Lessee to comply with any term or condition, or fulfill any obligation of the lease (other than the payment of rent or other charges) within TWENTY (20) days after written notice sent by Lessor or Lessor's agent pursuant to Section 18.3 specifying the nature of the default with reasonable particularity. If the default is of such a nature that it cannot be completely remedied within the TWENTY (20) day period, this provision shall be complied with if Lessee begins correction of the default within the TWENTY (20) day period, and thereafter proceeds with reasonable diligence, and in good faith to effect the remedy as soon as practicable.

Appears in 2 contracts

Samples: HTM Lease Agreement, Real Estate Lease Agreement (Diego Pellicer Worldwide, Inc)

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Default in Other Covenants. Failure of Lessee to comply with any term or condition, or to fulfill any obligation of the lease (other than the payment of rent or other charges) within TWENTY (20) days after written notice sent by Lessor or Lessor's agent pursuant to Section 18.3 specifying the nature of the default with reasonable particularity. If the default is of such a nature that it cannot be completely remedied within the TWENTY (20) day period, this provision shall be complied with if Lessee begins correction of the default within the TWENTY (20) day period, and thereafter proceeds with reasonable diligence, and in good faith to effect the remedy as soon as practicable.

Appears in 1 contract

Samples: Real Estate Lease Agreement

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Default in Other Covenants. Failure of Lessee to comply with any term or condition, condition or fulfill any obligation of the lease this Lease (other than the payment of rent or other charges) within TWENTY thirty (2030) days after written notice sent by Lessor or Lessor's agent pursuant to Section 18.3 the Authority specifying the nature of the default with reasonable particularity. If the default is of such a nature that it cannot be completely remedied within the TWENTY thirty- (2030-) day period, this provision shall be complied with if Lessee begins correction of the default within the TWENTY thirty- (2030-) day period, period and thereafter proceeds with reasonable diligence, diligence and in good faith to effect the remedy as soon as practicable.

Appears in 1 contract

Samples: mus.edu

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