Common use of DEFAULT OF LEASE Clause in Contracts

DEFAULT OF LEASE. 1. In the event Lessor shall determine a default in the performance by Lessee of any express or implied covenant of the lease, Lessor shall give notice in writing by certified or registered mail, addressed to Lessee’s last address filed with Lessor, specifying the facts by which default is claimed. Except as to rental, minimum royalty, production royalty, and payments in lieu of production royalty requirements as heretofore provided, Lessee shall have thirty (30) days from date of receipt of notice to satisfy the obligation of Lessee, if any, with respect to Lessor’s notice, or provide Lessor satisfactory proof that Lessee is not is default or if in default and Lessee is not able to cure within thirty (30) days, Lessee shall submit for Lessor’s approval a performance schedule with a date certain to satisfy or cure default of Lessee.

Appears in 7 contracts

Samples: Nonmetallic Minerals Lease, www.michigan.gov, www.michigan.gov

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DEFAULT OF LEASE. 1. In the event Lessor shall determine a default in the performance by Lessee Xxxxxx of any express or implied covenant of the lease, Lessor shall give notice in writing by certified or registered mail, addressed to LesseeXxxxxx’s last address filed with Lessor, specifying the facts by which default is claimed. Except as to rental, minimum royalty, production royalty, and payments in lieu of production royalty requirements as heretofore provided, Lessee shall have thirty (30) days from date of receipt of notice to satisfy the obligation of Lessee, if any, with respect to Lessor’s notice, or provide Lessor satisfactory proof that Lessee is not is default or if in default and Lessee is not able to cure within thirty (30) days, Lessee shall submit for Lessor’s approval a performance schedule with a date certain to satisfy or cure default of Lessee.

Appears in 2 contracts

Samples: www2.dnr.state.mi.us, www2.dnr.state.mi.us

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DEFAULT OF LEASE. 1. In the event Lessor LESSOR shall determine a default in the performance by Lessee LESSEE of any express or implied covenant of the lease, Lessor LESSOR shall give notice in writing by certified or registered mail, addressed to Lessee’s LESSEE's last address filed with LessorLESSOR, specifying the facts by which default is claimed. Except as to rental, minimum royalty, production royalty, and payments in lieu of production royalty requirements as heretofore provided, Lessee LESSEE shall have thirty (30) days from date of receipt of notice to satisfy the obligation of LesseeLESSEE, if any, with respect to Lessor’s LESSOR's notice, or provide Lessor LESSOR satisfactory proof that Lessee LESSEE is not is in default or if in default and Lessee LESSEE is not able to cure within thirty (30) days, Lessee LESSEE shall submit for Lessor’s LESSOR's approval a performance schedule with a date certain to satisfy or cure default of LesseeLESSEE.

Appears in 1 contract

Samples: www.michigan.gov

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