Common use of Lessor Default Clause in Contracts

Lessor Default. Subject to Section 9.3, Lessor shall be in default in the event any representation or warranty made by Lessor herein shall prove to have been inaccurate in any material respect at the time made, or in the event Lessor breaches or fails to comply in any material respect with any covenant or agreement contained herein.

Appears in 5 contracts

Samples: Lease Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.)

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Lessor Default. Subject to Section 9.3, Lessor shall be in default in the event any representation or warranty made by Lessor herein shall prove to have been inaccurate in any material respect at the time made, or in the event Lessor breaches or fails to comply in any material respect with any covenant or agreement contained hereinherein (unless any representation, warranty, covenant or agreement is already qualified by materiality or a similar qualification, in which case (a) such representation or warranty shall be accurate in all respects and (b) such covenant or agreement shall have been complied with in all respects).

Appears in 4 contracts

Samples: Permian Lease Agreement (InfraREIT, Inc.), Crez Lease Agreement (InfraREIT, Inc.), Assets Lease Agreement (InfraREIT, Inc.)

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