Common use of MONETARY DEFAULT BY LESSEE Clause in Contracts

MONETARY DEFAULT BY LESSEE. It shall be an event of default if Lessee fails to pay the Lease Fee or other charges required by the terms of this Lease and such failure is not cured by Lessee or a Permitted Mortgagee within thirty (30) days after notice of such failure is given by Lessor to Lessee and Permitted Mortgagee. However, if Lessee shall make a good faith partial payment of at least two-thirds (2/3) of the amount owed during such initial 30 day period, then such period shall be extended one additional 30 day period.

MONETARY DEFAULT BY LESSEE. It shall be an event of default if Lessee fails to pay the Ground Lease Fee or other charges required by the terms of this Lease and such failure is not cured by Lessee or a Permitted Mortgagee within thirty (30) days after notice of such failure is given by Lessor to Lessee and Permitted Mortgagee. However, if Lessee shall make a good faith partial payment of at least two-two thirds (2/3) of the amount owed during such initial 30 30-day period, then such period shall be extended one additional 30 30-day period.

MONETARY DEFAULT BY LESSEE. It shall be an event of default if Lessee fails to pay the Lease Fee or other charges required by the terms of this Lease and such failure is not cured by Lessee or a Permitted Mortgagee within thirty (30) days after notice of such failure is given by Lessor to Lessee and such Permitted Mortgagee. However, if Lessee shall make a good faith partial payment of at least two-thirds (2/3) of the amount owed Lease Fee during such initial 30 thirty (30) day period, then such period shall be extended one additional 30 thirty (30) day period.

MONETARY DEFAULT BY LESSEE. It shall be an event of default if Lessee fails to pay the Ground Lease Fee or other charges required by the terms of this Lease and such failure is not cured by Lessee or a Permitted Mortgagee within thirty (30) days after notice of such failure is given by Lessor to Lessee and Permitted Mortgagee. However, if Lessee shall make a good faith partial payment of at least two-thirds (2/3) of the amount owed during such initial 30 day period, then such period shall be extended one additional 30 30-day period.