Common use of Lessor's Default Clause in Contracts

Lessor's Default. Lessor shall not be in default unless Lessor fails to perform obligations required of Lessor (including those set forth in the Exhibits) within a reasonable time, but in no event later than thirty (30) days after written notice by Lessee to Lessor, specifying wherein Lessor has failed to perform such obligations; provided, however, that if the nature of Lessor's obligation is such that more than thirty (30) days are required for performance, then Lessor shall not be in default if Lessor commences performance within such thirty (30) day period and thereafter diligently prosecutes the same to completion.

Lessor's Default. Lessor shall not be deemed to be in default in the performance of any obligation required to be performed by it hereunder unless Lessor fails and until it has failed to perform obligations required of Lessor (including those set forth in the Exhibits) such obligation within a reasonable time, but in no event later than thirty (30) days after receipt of written notice by from Lessee to Lessor, Lessor specifying wherein Lessor has failed to perform the nature of such obligations; defaults provided, however, that if the nature of the Lessor's obligation is such that more than thirty (30) days are required for its performance, then Lessor shall not be deemed to be in default if Lessor commences it shall commence such performance within such thirty (30) day period and thereafter diligently prosecutes prosecute the same to completion.

Lessor's Default. Lessor shall not be deemed to be in default in the performance of any obligation required to be performed by it hereunder unless Lessor fails and until it has failed to perform obligations required of Lessor (including those set forth in the Exhibits) such obligation within a reasonable time, but in no event later than thirty (30) days after receipt of written notice by from Lessee to Lessor, Lessor specifying wherein Lessor has failed to perform the nature of such obligations; defaults provided, however, that if the nature of Lessor's the Lessor`s obligation is such that more than thirty (30) days are required for its performance, then Lessor shall not be deemed to be in default if Lessor commences it shall commence such performance within such thirty (30) day period and thereafter diligently prosecutes prosecute the same to completion.