Non-Financial Default: Generally Sample Clauses
A Non-Financial Default clause defines what constitutes a breach of contract that does not involve payment failures, such as violations of operational, reporting, or other non-monetary obligations. This clause typically outlines specific actions or omissions—like failing to maintain required insurance, not providing timely information, or breaching covenants—that would trigger a default. Its core function is to ensure that parties uphold all aspects of their contractual duties, not just financial ones, thereby providing a mechanism to address and remedy non-monetary breaches before they escalate.
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Non-Financial Default: Generally. If default shall be made by Tenant in substantial performance or compliance with any of the agreements, terms, covenants or conditions in this Lease Agreement other than those referred to in the foregoing Section 23.1A, for a period of thirty (30) days after written notice from the Landlord to the Tenant specifying the items in default, or in the case of default which cannot with due diligence be cured within said thirty (30) day period, Tenant fails to commence within said thirty (30) day period to cure the same and thereafter to prosecute the curing of such default with due diligence, it being intended that for a default not susceptible of being cured with due diligence within said thirty (30) day period, the time provided to the Tenant within which to cure the same shall be extended for such period as may be necessary to complete the same with all due diligence.