Common use of LAUSD’s Default Clause in Contracts

LAUSD’s Default. LAUSD shall not be in default of any of its obligations under this Agreement unless LAUSD fails to perform such obligations within a reasonable time, but in no event less than thirty (30) days, after written notice by Developer to LAUSD specifying wherein LAUSD has failed to perform such obligations; provided, however, that if the nature of LAUSD’s default is such that more than thirty (30) days are required for its cure, LAUSD shall not be in default if LAUSD commences such cure within such thirty (30) day period and thereafter diligently prosecutes the same to completion.

LAUSD’s Default. LAUSD shall not be in default of any of its the obligations of LAUSD under this Agreement Lease unless LAUSD fails to perform such obligations within a reasonable time, but in no event less than thirty (30) 30 days, after written notice by Developer Tenant to LAUSD specifying wherein LAUSD has failed to perform such obligations; provided, however, that if the nature of LAUSD’s default is such that more than thirty (30) 30 days are required for its cure, LAUSD shall not be in default if LAUSD commences such cure within such thirty (30) 30 day period and thereafter diligently prosecutes the same to completion.