Common use of Procedure on Default Clause in Contracts

Procedure on Default. (a) If Landlord shall elect to terminate this Lease or obtain possession of the Premises by reason of any default of Tenant, and a Leasehold Mortgagee shall have delivered the Nullification Notice set forth in Subsection 18.2.8, the specified date for the termination of this Lease as fixed by Landlord in its Default Notice or for the obtaining of possession shall be extended for a period of six (6) months, provided that such Leasehold Mortgagee shall, during such six (6) month period:

Appears in 12 contracts

Samples: Lease (Wynn Resorts LTD), Course Lease (Wynn Resorts LTD), Lease Agreement (Wynn Resorts LTD)

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Procedure on Default. (a1) If Landlord shall elect to terminate this Lease or obtain possession of the Premises by reason of any default of Tenant, and a Leasehold Mortgagee shall have delivered proceeded in the Nullification Notice set forth in Subsection 18.2.8manner provided for by paragraph (f) of this Schedule, the specified date for the termination of this Lease as fixed by Landlord in its Default Termination Notice or for the obtaining of possession shall be extended for a period of six four (64) months, provided that such Leasehold Mortgagee shall, during such six four (64) month -month period:

Appears in 1 contract

Samples: Work Letter Agreement (Megabios Corp)

Procedure on Default. (a) If Landlord shall elect to terminate this Lease or obtain possession of the Premises by reason of any default of Tenant, and a Leasehold Mortgagee shall have delivered proceeded in the Nullification Notice set forth in Subsection 18.2.8manner provided for by Section 1.6 above, the specified date for the termination of this Lease as fixed by Landlord in its Default Termination Notice or for the obtaining of possession shall be extended for a period of six (6) months, provided that such Leasehold Mortgagee shall, shall during such six (6) month period:

Appears in 1 contract

Samples: Ground Lease Agreement

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Procedure on Default. (a) If Landlord shall elect to terminate this Lease or obtain possession of the Premises by reason of any default of Tenant, and a Leasehold Mortgagee shall have delivered proceeded in the Nullification Notice set forth in manner provided for by Subsection 18.2.85.2.9, the specified date for the termination of this Lease as fixed by Landlord in its Default Notice or for the obtaining of possession shall be extended for a period of six (6) months, provided that such Leasehold Mortgagee shall, during such six (6) month period:

Appears in 1 contract

Samples: Assumption Agreement (Grand Canal Shops Mall Construction LLC)

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