Common use of Repeated Defaults Clause in Contracts

Repeated Defaults. (A) If Lessee is in default of this Lease with respect to the same or substantially the same provision hereof two (2) or more times during any three (3) month period during the term of this Lease, then, at Lessor’s election, Lessee shall not have any right to cure such repeated default, the terms and conditions of the section of this Lease entitled, “Default of Lessee”, notwithstanding. In the event of Lessor’s election not to allow a cure of a repeated default, Lessor shall have all of the rights provided for in that section of this Lease for an uncured default.

Appears in 1 contract

Samples: Lease Agreement (Inphonic Inc)

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Repeated Defaults. (A) If Lessee is in default of this Lease with respect to the same or substantially the same provision hereof two (2) or more times during any three (3) month period during the term of this Lease, then, at Lessor’s 's election, Lessee shall not have any right to cure such repeated default, the terms and conditions of the section of this Lease entitled, "Default of Lessee”, ," notwithstanding. In the event of Lessor’s 's election not to allow a cure of a repeated default, Lessor shall have all of the rights provided for in that section of this Lease for an uncured default.

Appears in 1 contract

Samples: Lease Agreement (Inphonic Inc)

Repeated Defaults. (A) If Lessee is in default of this Lease with respect to for the same or substantially the same provision hereof two (2) or reason more times than twice during any three twelve (312) month period during the term of this Lease, then, at Lessor’s 's election, Lessee shall not have any right to cure such repeated default during the twelve (12) month period following the second such default, the terms and conditions of the section of this Lease entitled, “Default of Lessee”, "DEFAULT OF LESSEE," notwithstanding. In the event of Lessor’s 's election not to allow a cure of a repeated default, Lessor shall have all of the rights provided for in that section of this Lease for an uncured default.

Appears in 1 contract

Samples: Office Lease (Cais Internet Inc)

Repeated Defaults. (A) If Lessee is shall be in default of this Lease with respect to for the same or substantially the same provision hereof two reason more than three (23) or more times during any three twelve (312) month period during the term of this Lease, then, at Lessor’s 's election, Lessee shall not have any right to cure such repeated default, the any other terms and conditions of the section of this Lease entitled, “Default of Lessee”, Section 22 notwithstanding. In the event of Lessor’s 's election not to allow a cure of a repeated default, Lessor shall have all of the rights provided for in that such section of this Lease for an uncured default.

Appears in 1 contract

Samples: Office Lease (Costar Group Inc)

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Repeated Defaults. (A) If Lessee is shall be in default of this Lease with respect to for the same or substantially the same provision hereof two (2) or reason more times than twice during any three twelve (312) month period during the term of this Lease, then, at Lessor’s 's election, Lessee shall not have any right to cure such repeated default, the terms and conditions of the section of this Lease entitled, “Default of Lessee”, entitled DEFAULT hereof notwithstanding. In the event of Lessor’s 's election not to allow a cure of a repeated default, Lessor shall have all of the rights provided for in that section of this Lease for an uncured default.

Appears in 1 contract

Samples: Century Bancshares Inc

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