DEFAULT UNDER LEASE DOCUMENTS Sample Clauses
The "Default Under Lease Documents" clause defines what constitutes a default or breach of the lease agreement by either party, typically the tenant. It outlines specific actions or failures—such as non-payment of rent, unauthorized alterations, or failure to maintain insurance—that trigger a default under the lease. This clause often details the process for notifying the defaulting party and any grace periods for remedying the breach. Its core function is to clearly establish the circumstances and procedures for addressing non-compliance, thereby protecting the interests of both landlord and tenant and providing a framework for resolving issues before they escalate.
DEFAULT UNDER LEASE DOCUMENTS. An Event of Default (as defined in the Agreement for Facilities Lease, Agreement for Ground Lease or Ground Lease) shall occur and be continuing under the Agreement for Facilities Lease, Agreement for Ground Lease or Ground Lease, respectively.
DEFAULT UNDER LEASE DOCUMENTS. No event or state of facts which constitutes, or which, with notice or lapse of time, or both, could constitute, a Lease Default has occurred and is continuing.