Common use of Effect of Lessee’s Default Clause in Contracts

Effect of Lessee’s Default. In the event that Lessor has delivered a written notice of default to Lessee hereunder and such default then remains uncured during the pendency of a review of records under this Section, said right to review shall immediately cease and the matters originally set forth in Lessor’s Statement shall be deemed to be correct.

Appears in 4 contracts

Samples: Work Letter Agreement (PDL Biopharma, Inc.), Option Agreement (PDL Biopharma, Inc.), And Attornment Agreement (Biotech Spinco, Inc.)

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Effect of Lessee’s Default. In the event that Lessor has delivered a written notice Lessee becomes in default of default to Lessee hereunder and such default then remains uncured its obligations under this Lease at any time during the pendency of a review of records under this SectionParagraph, said right to review shall immediately cease and the matters originally set forth in the Lessor’s Statement statement shall be deemed to be correct.

Appears in 4 contracts

Samples: Sublease (Supportsoft Inc), Sublease (PDL Biopharma, Inc.), Sublease (Biotech Spinco, Inc.)

Effect of Lessee’s Default. In the event that Lessor has delivered a written notice Lessee becomes in default of default to Lessee hereunder and such default then remains uncured its obligations under this Lease at any time during the pendency of a review of records under this SectionParagraph, said right to review shall immediately cease and the matters originally set forth in the Lessor’s Statement 's statement shall be deemed to be correct.

Appears in 3 contracts

Samples: Broadvision Inc, Broadvision Inc, Broadvision Inc

Effect of Lessee’s Default. In the event that Lessor has delivered a written notice Lessee becomes in default of default to Lessee hereunder and such default then remains uncured its obligations under this Lease at any time during the pendency of a review of records under this Section, said right to review shall immediately cease and the matters originally set forth in the Lessor’s Statement statement shall be deemed to be correct.

Appears in 2 contracts

Samples: Letter Agreement (Blue Coat Systems Inc), And Interior Specification Standards (Threshold Pharmaceuticals Inc)

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Effect of Lessee’s Default. In the event that Lessor has delivered a written notice Lessee becomes in -------------------------- default of default to Lessee hereunder and such default then remains uncured its obligations under this Lease at any time during the pendency of a review of records under this Section, said right to review shall immediately cease and the matters originally set forth in the Lessor’s Statement 's statement shall be deemed to be correct.

Appears in 2 contracts

Samples: At Home Corp, At Home Corp

Effect of Lessee’s Default. In the event that Lessor has delivered a written notice Lessee becomes in -------------------------- default of default to Lessee hereunder and such default then remains uncured its obligations under this Lease at any time during the pendency of a review of records under this SectionParagraph, said right to review shall immediately cease and the matters originally set forth in the Lessor’s Statement 's statement shall be deemed to be correct.

Appears in 2 contracts

Samples: Agreement and Certificate (Nuance Communications), Agreement (Phone Com Inc)

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