Common use of Lessor's Default Clause in Contracts

Lessor's Default. Except as noted below, Lessor will be in default if Lessor fails to comply with Lessor’s required maintenance obligations or fails to comply with other material provisions of the Lease and such failure continues for more than seven (7) days after Lessee delivers a written notice to Lessor that tells Lessor how Lessor has violated the Lease. If Lessor’s failure to comply is due to causes beyond the Lessor’s control and if Lessor has made, and continues to make, every reasonable effort to correct the problem, the Lease may be altered by the parties, as follows: 1. If Lessor’s failure to comply makes the Premises uninhabitable and Lessee vacates, Lessee shall not be liable for rent during the period the Premises remains uninhabitable. 2. If Lessor’s failure to comply does not make the Premises uninhabitable and Lessee continues to occupy the Premises, the rent for the period of noncompliance will be reduced by an amount in proportion to the loss of rental value caused by the noncompliance.

Lessor's Default. Except as noted below, Lessor will be in default if Lessor fails to comply with Lessor’s required maintenance obligations or fails to comply with other material provisions of the Lease and such failure continues for more than seven (7) days after Lessee delivers a written notice to Lessor that tells Lessor how the Lessor has violated the Lease. If Lessor’s failure to comply is due to causes beyond the Lessor’s control and if Lessor has made, and continues to make, every reasonable effort to correct the problem, the Lease may be altered by the parties, as follows: 1. If Lessor’s failure to comply makes the Premises uninhabitable and Lessee vacates, Lessee shall not be liable for rent during the period the Premises remains uninhabitable. 2. If Lessor’s failure to comply does not make the Premises uninhabitable and Lessee continues to occupy the Premises, the rent for the period of noncompliance will be reduced by an amount in proportion to the loss of rental value caused by the noncompliance.