Defaults by Lessor. The occurrence of any one or more of the following events shall constitute a material default and breach of this Agreement by Lessor: Failure to perform any of the material obligations required of Lessor to be performed, provided that such failure continues for a period of thirty (30) days after written notice thereof from Lessee to Lessor, which notice shall specify the specific nature of the failure, and further provided, however, that if the nature of Lessor's default is such that more than thirty (30) days is required to cure such default, then Lessor shall not be in default if Lessor commences to cure such default within such thirty (30) day period and thereafter diligently prosecutes the same to completion.
Appears in 4 contracts
Samples: Telephone and Television Lease and Access Agreement (Competitive Companies Inc), Telephone and Television Lease and Access Agreement (Competitive Companies Inc), Acquisition Agreement (Third Enterprise Service Group Inc)
