Common use of Lessor Default Clause in Contracts

Lessor Default. If Lessor defaults in any obligation under this Lease and fails to cure the default within thirty (30) days after Lessee delivers a notice of default to Lessor, Lessee may terminate this Lease upon an additional fifteen (15) days’ written notice; provided, however, that if the default cannot reasonably be cured within thirty (30) days, Lessor shall have sufficient time to cure the default, if such cure is commenced within the thirty (30) day period, diligently prosecuted, and promptly completed .

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Lessor Default. If Lessor defaults in any obligation under this Lease and fails to cure the default within thirty (30) days after Lessee delivers a notice of default to Lessor, Lessee may terminate this Lease upon an additional fifteen (15) days’ written notice; provided, however, that if the default cannot reasonably be cured within thirty (30) days, Lessor the defaulting Party shall have sufficient time to cure the default, if such cure is commenced within the said thirty (30) day period, diligently prosecuted, day-period and promptly completed completed.

Appears in 1 contract

Samples: Lease Agreement

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Lessor Default. If In the event that the Lessor defaults in any obligation shall breach its obligations under this Lease Agreement, the Lessee shall give the Lessor written notice and fails to cure the default within thirty (30) days after Lessee delivers a notice of default to Lessor, Lessee may terminate this Lease upon an additional fifteen (15) days’ written notice; provided, however, that if cure such default. In the default cannot reasonably be cured within thirty (30) days, event the Lessor shall have sufficient time fail to cure the default, if such cure is commenced default within the thirty (30) day period, diligently prosecutedthe Lessee shall have the right to exercise any rights or remedies available in this Lease Agreement, at law or in equity unless such matter would take longer than thirty (30) days to cure and promptly completed Lessor is reasonably proceeding to cure the breach.

Appears in 1 contract

Samples: Lease Agreement (Greenville First Bancshares Inc)

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