Common use of Events of Default by District Defined Clause in Contracts

Events of Default by District Defined. The following shall be “Events of Default” of the District under this Master Facilities Lease. The terms “Event of Default” and “Default” shall mean, whenever they are used as to the District in the Master Site Lease or this Master Facilities Lease, shall only be one or more of the following events: 23.1.1. Failure by the District to pay payments required pursuant to the Guaranteed Project Cost Provisions indicated in Exhibit C, and the continuation of such failure for a period of forty-five