Lessee Remedies. If Lessor fails to perform any of its material obligations under this Facility Lease during the Lease Term, and such default continues unremedied for a period of ninety (90) days after written notice thereof by Lessee, provided, however, that such ninety (90) day period shall be extended for an additional ninety (90) days so long as such default is remediable and Lessor is diligently pursuing such remedy, then Lessee may, upon written notice to Lessor, declare this Facility Lease to be in default, and at any time, subject to Section 17.3 and the other terms of this Facility Lease, Lessee shall have all remedies available to it at law or in equity.
Appears in 4 contracts
Samples: Assignment and Assumption Agreement (Wisconsin Energy Corp), Washington I Facility Lease Agreement (Wisconsin Electric Power Co), Assignment and Assumption Agreement (Wisconsin Energy Corp)
Lessee Remedies. If Lessor fails to perform any of its material obligations under this Facility Lease during the Lease Term, and such default continues unremedied for a period of ninety (90) 90 days after written notice thereof by Lessee, provided, however, that such ninety (90) -day period shall be extended for an additional ninety (90) 90 days so long as such default is remediable and Lessor is diligently pursuing such remedy, then Lessee may, upon written notice to Lessor, declare this Facility Lease to be in default, and at any timetime thereafter, subject to Section 17.3 15.3 and the other terms of this Facility Lease, Lessee shall have all remedies available to it at law or in equity.
Appears in 3 contracts
Samples: Facility Lease Agreement (Madison Gas & Electric Co), Facility Lease Agreement (Mge Energy Inc), Facility Lease Agreement (Madison Gas & Electric Co)
